Along with their substantial upside potential, these Buy-rated tickers won’t break the bank, as each trading for less than $5 per share. With this in mind, we’ve pulled up the details on two such names that, according to TipRanks’ database, offer investors a chance to double their money, or better.
Given the realities of renewable energy, and the various pressures to reduce fossil fuel dependence, it’s likely that we’ll see more nuclear reactor projects come off the drawing boards – so now may be the right time to start checking out nuclear-related stocks. When brought fully into commission, it will be only the second new nuclear plant put in operation since 1996. In a visible sign of a more accepting attitude toward nuclear power, the Vogtle Electric Generating Plant in eastern Georgia successfully activated its Unit 3 reactors for a test run earlier this month. This makes nuclear plants a viable option for electric utilities, who are always on the lookout for clean, reliable, and safe energy sources. Nuclear powerplant technology has improved dramatically in safety since the 1970s, and the underlying costs – mainly construction of the facility – only have to be borne once. Say ‘nuclear power’ and far too may people will jump right to Chernobyl, or Three Mile Island, or Cold War Armageddon fears – but the facts paint a different picture. And that has many governments and power utilities taking a second look at nuclear power. The price crunch is exacerbated by the underlying costs of those clean power technologies, in the form of materials and required backup generation capacity. Electric utility prices are high – and rising – worldwide, while political winds are pushing to replace fossil fuels with cleaner wind or solar power.
It’s no secret that we’re on the edge of a global energy crisis.
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