What’s next for nuclear stocks after regulatory pushback?

Published On Nov 9, 2024, 11:00 AM

Nuclear energy stocks have gained significant attention in 2024, especially amidst the surge in demand from Big Tech due to AI growth. These stocks helped drive the S&P 500’s Utilities index to new highs. However, regulatory pushback from the Federal Energy Regulatory Commission (FERC) halted this rally, rejecting Talen Energy's request to increase power supply to Amazon due to concerns about grid reliability. This has impacted several nuclear stocks negatively. Despite this setback, analysts believe that nuclear power remains critical for meeting increasing energy demands, particularly from AI, and suggest buying opportunities in this sector.

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Despite the regulatory setback, the long-term demand for nuclear energy remains strong as companies pivot towards sustainable power sources. As a result, investors may want to consider buying on dips, particularly in larger nuclear operators like Constellation Energy, which remains a dominant player in the nuclear space with extensive capacity.

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