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NexGen Energy Ltd. (NXE)
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Cameco Corporation (CCO)
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Constellation Energy Corporation (CEG)
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Global X Uranium ETF (URA)
Q: Many companies stand to benefit from the rise of nuclear energy. Is this a good time to invest (long term) in such companies? I am especially interested in the risk-reward profile of the following: Cameco(CCJ), Constellation Energy(CEG), Centrus Energy(LEU) and NexGen Energy(NEX). Are there others that you prefer (Canadian or U.S.)? Or do you believe an ETF focused on uranium/nuclear energy would be a better investment at this time? Thanks for your help. You provide a great service!
5i Research Answer:
We would consider this the best list; we do think nuclear will be strong for several years. There is simply a shortage of supply and it remains the best solution for clean energy. We would be comfortable buying CEH, NXE and CCO. An ETF such as URA will provide instant diversification to the sector and we would also be comfortable with that approach for simplicity.