It is predicted that by 2030, the nuclear plant and equipment market will be worth $58.4 billion, up from a 2020 revenue of $41.1 billion. According to the World Nuclear Association, this is a CAGR of 3.5% from 2021 to 2030. In 2020, the global nuclear power and equipment market will be dominated by the Asia-Pacific region. Nuclear power can be used in a variety of ways, not just to generate electricity. The administration of Vice President Joe Biden believes that the 94 American nuclear reactors are “absolutely essential” to achieving its goal of a net-zero economy by the year 2050.
Insider Monkey selected 10 nuclear energy stocks to buy now. Located in the Athabasca Basin uranium district in Canada, Fission Uranium Corp. has a near-surface Triple R uranium deposit that is being developed. With a 58% year-over-year gain, it is a notable nuclear energy stock to buy now. In western Colorado and eastern Utah, Western Uranium & Vanadium Corp. produces uranium and vanadium mineral assets. The stock has risen 34.17 percent in the past year, making it a notable investment opportunity in the nuclear energy sector. Over the past year, the stock has risen by 83.47 percent, making it a notable player in the nuclear energy market. Uranium Royalty Corp. and Global Uranium have signed a Supply Stream Agreement for the purchase of 500,000 pounds of U3O8 each. Ur-Energy Inc. is a Wyoming-based company that specializes in uranium mining and recovery. Over the past year, the stock gained 46%. For Ur-Energy to become a domestic uranium producer as soon as the restart decision is made, the company is in a strong position, according to an analyst. Fuel for nuclear power plants is supplied by Maryland-based Centrus Energy Corp., which was founded in 2008. A 75.53 percent gain in the last year makes this stock one of the best nuclear energy investments to make right now. For more details, click 10 Nuclear Energy Stocks To Buy Now.