3 Nuclear Stocks to Buy With $2,000 After One Fell 83%
The stock that crashed 83% designs the reactors -- the companies selling the fuel and the power are still getting paid.
NuScale Power (NYSE:SMR) stocks have plummeted 83% from $57.42, trading at $9.63 presently. Despite this, the underlying demand for nuclear energy remains strong. Constellation Energy (NASDAQ:CEG) recently announced 920 megawatts of long-term power purchase agreements. Nvidia's similar 2009 surge serves as an analogy. NuScale is the world's first certified small modular reactor design by the U.S. Nuclear Regulatory Commission.
However, no paying customers have been secured yet. Constellation Energy is the largest player with a 55 gigawatt capacity fleet, while Cameco mines and supplies uranium with existing delivery commitments. The three stocks offer different positions on the same electricity demand. A balanced investment of $2,000 across the three could provide a mix of current earnings, future contracts, and potential growth.
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- 3 Nuclear Stocks to Buy With $2,000 After One Fell 83% finance.yahoo.com
- 3 Nuclear Stocks to Buy With $2,000 After One Fell 83% nasdaq.com
