How to Invest in the Best Uranium Mining Stocks

How to Invest in the Best Uranium Mining Stocks

Nuclear energy is having a resurgence lately, thanks to advanced nuclear technologies and an increased investor interest in clean energy sources. Nuclear power is not strictly renewable – it uses uranium as its fuel – but it is certainly green. Currently, nuclear power provides about 10% of the world’s electricity , and 18% of electricity in OECD countries. While the bulls believe technology will increase nuclear capacity, the bears point to a dismal growth forecast. The International Atomic Energy Agency expects nuclear capacity to grow by 82% over the coming 30 years – a meager 2% c ompound a nnual g rowth r ate ( CAGR ).

For those who are bullish on the growth of nuclear energy, there aren’t many pure-play nuclear energy stocks out there. An alternative approach might be a pick-and-shovel play on nuclear energy – uranium stocks – since existing power plants will need fuel indefinitely. […]

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