Sounds Great, Now What?
Bi-weekly newsletter discussing nuclear sector returns, earnings, and news
It’s been two weeks since the executive orders to “unleash nuclear energy” were signed. We all enjoyed the action on May 23, but now it's time to (1) assess what has happened in the days since and (2) make some reasonable assumptions of what is coming next.
Everyone is looking in all the wrong places
Since the signing of the executive orders, significant commentary has been offered by market observers and nuclear industry experts as to the potential impact of the new directives. But for the most part, the notes being shared by hype-following market observers have been very surface level and relatively non-value adding. They all make the same recycled points about CCJ and OKLO, and for some reason won't stop talking about Centrus’s LEU capacity… that they don’t even have. Nuclear industry experts have meanwhile been more focused on the potential impact of licensing changes and the other congressional actions required to make these executive orders actually useful. This leaves that massive gap in nuclear industry stock coverage very much unfilled. There has been zero mention of the multiple names within the supply chain and fuel chain, which have been the biggest gainers over the past two weeks.
This is where we step in, with our latest issue of The Nuclear Review.