Nuclear-Focused Stocks Rally As World Leaders Pledge To Expand Generation Capacity

Nov. 21, 2023 11:21 AM ET, , , , , , , 4 Comments
Luckbox Magazine
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Summary

  • The United States aims to achieve 100% carbon-free electricity generation by 2035, requiring the construction of new nuclear power plants.
  • Nuclear energy stocks and ETFs have been strong performers in 2023, with gains of up to 60%.
  • In North America, the well-known nuclear stock Cameco has surged by 94% year-to-date.

Workers looking out over power station

Monty Rakusen/DigitalVision via Getty Images

By Andrew Prochnow

The United States aims to achieve 100% carbon-free electricity generation by the year 2035. To attain this ambitious goal, the country must undertake the construction and operation of new nuclear power plants.

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Business relationship disclosure: This article was written for Luckbox magazine by a contributor.

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