Headlines matter. Nuclear has been a hot topic in industry with lots of great headlines (with lots of good projects and exciting plans behind them), many related to big tech and data centers.
And the market has responded with the group of nuclear names we track Enverus Intelligence® Research up 459% year-over-year (as of 3Q24 earnings). See more from the team below!
An Enverus Intelligence® Research analysis of the energy transition 3Q24 earnings season found nuclear companies rose 459% year-over-year, reflecting a bullish trend driven by confidence in a supportive incoming presidential administration. Favorable policies and global decarbonization goals underscore the potential importance of small modular reactors to supply reliable, low-carbon baseload power.
• Independent power producers (IPPs) experienced an 83% increase, driven by rising demand from AI data centers and electrification, with long-term contracts ensuring sustained growth.
• Solar installers saw a 31% decline due to leveraged balance sheets, potential tax credit rollbacks and proposed tariffs, with only favorable interest rates as a positive factor.
