Projections: Best nuclear power stocks for the next five years

Nuclear energy is the largest zero-carbon power source in the United States, providing 47 per cent of the country ' s zero-emission power in 2023, exceeding the combined wind and solar power. Nuclear energy is not only cleaner, but also provides a stable base load of electricity that allows power plants to operate around the clock, thus improving the reliability of the grid. As more and more countries support the declaration of a threefold increase in nuclear energy production by 2050, the prospect of nuclear energy becomes more and more ingrained. The two nuclear stocks recommended were Cameco (NYSE:CCJ) and Centrus Energy (NYSE: LEU). Cameco owns the ownership of the MacArthur River and cigar lake mines in the Asabasca Basin in Canada and is expected to deliver 28 million pounds of uranium per year over the next five years. Cameco also signed an agreement with the Indian Ministry of Atomic Energy worth $2.6 billion to supply 22 million pounds of uranium ore concentrate by 2035. Centrus Energy focuses on the production of low-enriched uranium (LEU) and is expanding its Ohio facilities to meet future nuclear power needs。