Only 2 of These 5 Nuclear Stocks Sell Fuel Today. Here's What the Market Pays for the Other 3.
What does $12 billion of market value buy when combined sales run about $12 million?
Overview
Five stocks carry most of the market's nuclear enthusiasm: Cameco (NYSE: CCJ), Centrus Energy (NYSE: LEU), Oklo (NYSE: OKLO), NuScale Power (NYSE: SMR), and Nano Nuclear Energy (NASDAQ: NNE). Only two of them sell nuclear fuel today. The other three sell something different -- a construction timeline.
These growth stocks have repriced hard this year. NuScale trades about 83% below its 52-week high as of this writing, Oklo about 77% below its own, and Nano Nuclear about 70% down from its peak. Even Cameco, arguably the steadiest of the five, sits about 29% below its high.
Details
But the sell-off hasn't changed what the three developers are. They remain pre-commercial companies whose combined market value still runs to about $12 billion.
Source
Originally published at www.fool.com.