The Nuclear Power Comeback Is Real -- and These 3 Stocks Are the Best Way to Play It
Key takeaways
- NVDA Just a few years ago, the nuclear power industry was seemingly on its deathbed.
- Much has changed -- or not changed -- in the meantime, however.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
NVDA 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.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »