The Nuclear Power Comeback Is Real -- and These 3 Stocks Are the Best Way to Play It
The industry is growing slowly right now, but that's only because it's complicated and highly regulated. But there's still great potential, particularly for these three leading companies.
The Nuclear Power Comeback Is Real -- and These 3 Stocks Are the Best Way to Play It
Overview
Just a few years ago, the nuclear power industry was seemingly on its deathbed. The echoes of Fukushima were still ringing, and renewables like solar were finally cost-effective enough to move into the mainstream.
Much has changed -- or not changed -- in the meantime, however. Even though solar power is the United States' fastest-growing source of electricity, the U.S. Energy Information Administration reports that solar power still only accounts for about 4% of the nation's total power production. Wind and power combined only make up 17% of U.S. power generation, in fact, while nuclear is holding on at nearly 19%. A similar (although hardly identical) mix applies outside of the U.S. as well.
Details
What gives? Simply put, reality is setting in. Solar and other renewables aren't doing enough fast enough to meet the ever-growing need for electricity, which, of course, is accelerating due to the ongoing proliferation of artificial intelligence (AI) data centers. The next-best immediate solution is well-proven nuclear power, which the International Atomic Energy Agency predicts could more than double capacity by 2050.
Source
Originally published at www.fool.com.
