The clean energy revolution has a soldier that's waiting to join the fight. That soldier is uranium. The core application for uranium is in providing nuclear power. However, the nuclear power accident at the Fukushima plant in Japan in 2011 drove uranium into a prolonged bear market.
The irony is that demand for nuclear power plants is increasing. According to the World Nuclear Association as of July 2021, there were 444 nuclear power plants in operation throughout the world. But an additional 479 plants are either proposed, planned, or under construction.
That's a supply and demand puzzle that has to be solved. According to Statista, global demand for uranium is expected to reach 209 million pounds by 2035. To achieve that goal, new uranium assets will have to be discovered.
The takeaway is that now is an ideal time for investors to consider uranium stocks. The big payoff may still be some time away, but that's why it's time to “mine" (pun intended) for some of the companies that are leading the way in this sector.
Click the "Continue to Slide #1" button to view the first company.
