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Nuclear power stocks or funds
Old 09-04-2009, 05:13 PM   #1
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Nuclear power stocks or funds

Hello all,

What are the publicly traded companies that specialize in designing/building nuclear power plants? Also funds that concentrate in that field.

I'm looking at French Avera, but can not yet find info on its stock.

Sam
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Old 09-04-2009, 08:03 PM   #2
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Sargent & Lundy for design (I dont know if they are public or not)

Sargent & Lundy

Siemens for building (but I see Avera that you mention on their website):

Siemens USA

Dont know of any funds
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Old 09-04-2009, 08:25 PM   #3
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The only company in the US that enriches uranium so that it can be used as fuel at a nuclear power plant is USEC (Ticker Symbol USU).

GE designs and builds nuclear steam supply systems (that's what I used to do many years ago), which are the heart of the plant. So does Westinghouse.

Here is the industry's trade group. Nuclear Energy Institute - Clean-Air Energy

You might find useful information there.
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Old 09-04-2009, 08:29 PM   #4
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Westinghouse is now owned by Toshiba.

Free to canoe
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Old 09-04-2009, 08:30 PM   #5
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Try CCJ. It's a Cdn Uranium miner but owns a good chunk of Bruce Power which (primarily) operates nuc plants but also builds them. DYODD
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Old 09-05-2009, 12:19 AM   #6
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Quote:
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What are the publicly traded companies that specialize in designing/building nuclear power plants? Also funds that concentrate in that field.
Considering that the last civilian commercial license approval was in 1978 (IIRC) and the last construction in the 1990s, you could claim that nobody specializes in designing/building U.S. nuclear plants. Or you could claim that soon everybody will be doing it!

Westinghouse and GE have the most recent history and experience building nuclear propulsion systems for the U.S. Navy's submarine force and aircraft carriers. But even a CVN plant pales in comparison to those big honkin' commercial systems. My dad used to sell the secondary (steam) plants for Westinghouse reactors in the 1960s/70s, and left in 1977 with a lot of others when he saw where the industry was headed. An entire generation of design/construction knowledge, skill, and experience has been lost. In America, anyway.

When I was at my military training command before retiring, every nuclear submariner who wanted to continue being a nuke after Navy ended up at Exelon. There weren't many who wanted to continue being nukes, and they didn't all end up at Exelon, but it was over 80%.

It's worth pointing out that railroads, electricity, automobiles, and aircraft have all done wonderful things for civilization over the last century or so. The trouble is finding the 2-3 winners out of the hundreds of competitors, and even then the companies may consume far more capital than they return to their shareholders.

I thought investing in startup companies and small-cap stocks was courageous. But speaking as a 2nd-generation nuke, you're setting a new baseline for brave.
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Old 09-05-2009, 09:05 AM   #7
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Yes I tend to agree that this is a highly speculative avenue of investment. I work for a company that builds spent fuel rod containers for nuclear power plants. For years we were on easy street, with no end to the construction. Things have dried up over the past 4 years, with many of the plants now going overseas to have them built. Much of the problems revolve around the excessive amount of red tape involved in the nuclear welding and materials industry. Other countries (particularly the Japanese) have fewer restrictions when it comes to construction and licensing.
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Old 09-05-2009, 04:56 PM   #8
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Other countries (particularly the Japanese) have fewer restrictions when it comes to construction and licensing.
And more surprises like stirring the beaker of plutonium solution!
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