It depends on which layer you’re targeting. I’d say my favorite investment would be BWX Technologies because of the small reactor/reactor manufacturing moat, Cameco for the lower-layer overall dominance (mining, refining, converting, etc), or GE Vernova, because power generation is useless without power transportation. Thanks for the kind words!
I look at them with a lens of optimism; as their trailing metrics have yet to catch up to today's spending. Because the whole industry is ramping up, the capex has increased faster than revenues (which is natural in an earlyish stage buildout), but after a few years valuations will reflect the strength of the industry.
Great post! I finally understand, albeit only a little bit, about nuclear energy which I've heard so much about through stocks like OKLO.
Thanks!
Many thanks for the extensive research and article. Very interesting and well done!
Which of the companies active in this field would currently be your favourite investment?
It depends on which layer you’re targeting. I’d say my favorite investment would be BWX Technologies because of the small reactor/reactor manufacturing moat, Cameco for the lower-layer overall dominance (mining, refining, converting, etc), or GE Vernova, because power generation is useless without power transportation. Thanks for the kind words!
Thanks for sharing! How do you look at their valuations?
I look at them with a lens of optimism; as their trailing metrics have yet to catch up to today's spending. Because the whole industry is ramping up, the capex has increased faster than revenues (which is natural in an earlyish stage buildout), but after a few years valuations will reflect the strength of the industry.
Nuclear energy has always been one of those topics that grabs my attention. I really enjoyed this one. Thanks for sharing all the research.
Of course!
this was fantastic. very indepth
Thank you!
Thanks! I learned a lot. Keep it up!