![]() ![]() The opinions expressed in this article are those of the writer, subject to the InvestorPlace.TEMPE, Ariz. On the date of publication, Noah Bolton did not have (either directly or indirectly) any positions in the securities mentioned in this article. Over the past year, their share price has fallen by 15%, due to the reduced production rate of their uranium mining operations. Ur-Energy was founded in 2004 and started trading on the NYSE American Exchange back in 2008. In their year-end 2022 earnings results, the company stated a total sales increase of 19% and pounds captured of uranium oxide growing by 29% compared to the full-year 2021 results. Since the start of operations back in 2013, they have produced 2.7 million pounds of yellowcake, impure uranium oxide produced during the mining process. Their flagship mining property is known as Lost Creek, based in Southern Wyoming. The company operates multiple uranium mines in Nevada and Wyoming. Like other similar uranium mining companies, Ur-Energy employs an environmentally friendly mining process called In Situ Recovery. Located in Littleton, Colorado, Ur-Energy (NYSE: URG ) acquires, develops, and manages uranium mineral properties. They announced their first quarter results for 2023 on May 9 stating an increase in revenue that more than doubled and a net loss that expanded by 52% compared to the year before. Due to financing instability, their share price has fallen by 35% over the past year. And they recently started trading as a public company in May 2022 through a special-purpose acquisition company called Spring Valley Acquisition. The company was founded back in 2007 in Portland, Oregon, and is a subsidiary of Fluor Corporation (NYSE: FLR ). ![]() The E2 Centers use computer models to simulate being a control room operator of VOYGR power plants. The company also offers Energy Exploration Centers, also known as E2 Centers, which are located in a few U.S. Nuclear Regulatory Commission, making it the first and only of its kind that garnered approval for a small modular reactor. The company’s flagship product is its VOYGR small modular reactor which uses pressurized water technology to produce nuclear energy. Small modular reactors are advanced nuclear power plants with a much smaller footprint than conventional reactors. Nuscale Power (NYSE: SMR ) provides small modular nuclear reactor technology with the goal of carbon-free energy. This may offer a unique buying opportunity for investors looking to expand their portfolios and invest in the nuclear industry. This has turned many different countries away from pursuing an energy future using nuclear energy, fearing what could go wrong if a disaster similar to the ones mentioned would occur in other countries.īelow I will discuss three different stocks in the nuclear industry that have seen their share price fall over the last year from a number of factors, including reduced uranium mining operations and recent financial instability. There have always been tons of public criticism regarding the overall efficacy and safety of nuclear power, which stems from the nuclear disaster in Chernobyl in 1986 and the Fukushima disaster in 2011. ![]() These companies are focused on alternative energy sources that are much better for the planet’s environmental health on a large scale. There are few stocks that revolve around the nuclear industry, whether it is uranium mining or developing power plants. ![]()
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