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    • Sun Mar 2nd 22:01 PM | Rating: 0 0
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      GE: Nuclear Growth Galore
      Oh and this PBMR isn't going to happen anytime soon. A more likely new reactor would be the Westinghouse IRIS. I believe one of the major problems with the pebble bed reactor is that the fuel is hard to break down for waste management.

      Also if the US government sponsored GNEP program continues, there will be a "fast" reactor program in the United States.

      Again for stocks, I don't like any nuclear stocks for their nuclear business alone. You want to play the infrastructure industry as a whole like GE and SGR. I hope none of you owned USEC which got absolutely hammered last week. Stay aware from Uranium mining as well. As tempting as it is to get in these stocks, the risk outweighs the reward and uranium prices won't jump like natural gas and oil will.
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    • Sun Mar 2nd 19:41 PM | Rating: 0 0
      Commented on:
      GE: Nuclear Growth Galore
      For the nuclear industry, to me, GE appears to be in a stronger position domestically than Toshiba (Westinghouse) and AREVA because if you look who has chose what technology, the large nuclear utilities have gone with GE's ESBWR design. Westinghouse doesn't have a single order for long lead component items where GE has 4 (I think) and AREVA has 1 in the USA. That said, AREVA and Westinghouse are building plants in China and GE isn't.

      However, I don't think that the nuclear industry is that competitive and every vendor will get its share of business. If one of them every "dominates" it will because the other have really messed up. If even one vendor screws up then all 3 vendors are in big trouble because the media will smear the industry.

      Shaw Group (SGR) is the best pure play on the infrastructure build up that includes nuclear plants, but watch out if the AP1000s in China have delays or cost overruns. I would not recommend Toshiba. I believe Washington Group is part of United Technologies and I think Fluor has a nuclear unit. The new congress will pass carbon cap-and-trade laws which should provide GE with huge growth in services (plant efficiency upgrades), gas turbines (because every utility will build nat gas plants to replace some coal), and nuclear for the same reason. GE stock should do well as infrastructure is about 25% of earnings.
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