Latest news with #VanEckUraniumandNuclearETF
CNBC
2 days ago
- Business
- CNBC
Power play: Two money managers bet big on uranium, predict long shelf life for gains
The uranium trade's shelf life may last years. According to Sprott Asset Management CEO John Ciampaglia, a "real shift" upward is underway due to increasing global energy demand — particularly as major tech companies look to power artificial intelligence data centers. "We've been talking about uranium and nuclear energy non-stop for four years at Sprott, and we've been incredibly bullish on the segment," he told CNBC's "ETF Edge" this week. Ciampaglia's firm runs the Sprott Physical Uranium Trust (SRUUF), which Morningstar ranks as the world's largest physical uranium fund. It's up 22% over the past two months. The firm is also behind the Sprott Uranium Miners ETF (URNM), which is up almost 38% over the past two months. The Sprott website lists Cameco and NAC Kazatomprom JSC as the top two holdings in the fund as of June 12. "It's [uranium] a reliable form of energy. It has zero greenhouse gases. It has a very good long-term track record," Ciampaglia said. "It provides a lot of electricity on a large scale, and that's right now what the grid is calling for." Ciampaglia finds attitudes are changing toward nuclear energy because it offers energy security with a low carbon footprint. Uranium is "incredibly energy-dense" compared to most fossil fuels, he said, which makes it a promising option to ensure energy security. He cited the 2022 energy crisis in Europe after Russia cut its oil supply to the region and April's grid failure in Spain and Portugal as cases for more secure energy sources. "We think this trend is long term and secular and durable," Ciampaglia said. "With the exception of Germany, I think every country around the world has flipped back to nuclear power, which is a very powerful signal." VanEck CEO Jan van Eck is also heavily involved in the uranium space. "You need reliable power," he said. "These data centers can't go down for a fraction of a second. They need to be running all the time." His firm is behind the VanEck Uranium and Nuclear ETF (NLR), which is up about 42% over the past two months. According to VanEck's website as of June 12, its top three holdings are Oklo, Nuscale Power and Constellation Energy. But he contends there's a potential downside to the uranium trade: Building new nuclear power plants can take years. "What's going to happen in the meantime?" Van Eck said. "Investors are not patient, as we know." Van Eck also thinks it's possible the Trump administration's positive attitude toward nuclear power could fast track development. He highlighted nuclear technology company Oklo during the interview. Its shares soared on Wednesday after the company announced it was anticipating a deal with the Air Force to supply nuclear power to a base in Alaska. The agreement came not long after President Donald Trump in May signed a series of executive orders to rework the Nuclear Regulatory Commission, expedite new reactor construction and expand the domestic uranium industry. "Trump controls federal land, so that's not a NIMBY [not in my backyard] kind of potential risk," said Van Eck. "They're going to leverage that hard to start to show the safety of these newer, smaller technologies."
Yahoo
28-05-2025
- Business
- Yahoo
Uranium & Nuclear ETF (NLR) Hits New 52-Week High
VanEck Uranium and Nuclear ETF NLR is probably on the radar for investors seeking momentum. The fund just hit a 52-week high and moved up 55.1% from its 52-week low price of $64.26/share. Are more gains in store for this ETF? Let us take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed. The underlying MVIS Global Uranium & Nuclear Energy Index tracks the overall performance of companies involved in uranium mining or uranium mining projects; the construction, engineering and maintenance of nuclear power facilities and nuclear reactors; the production of electricity from nuclear sources; providing equipment, technology and/or services to the nuclear power industry. The product charges 61 bps in annual fees. U.S. President Donald Trump signed executive orders recently, which will revitalize the American nuclear energy sector. The orders would streamline reactor approval processes, bolster domestic nuclear fuel supply chains and reduce reliance on foreign enriched uranium. The move comes amid increasing U.S. electricity demand, driven by the rapid expansion of artificial intelligence technologies. The news sparked a rally in uranium stocks, which stand to gain as the United States moves to reduce its dependence on major producers like Russia and China in favor of alternative sources such as Australia. The ETF NLR might continue its strong performance in the near term, with a positive weighted alpha of 25.04, which gives cues of a further the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report VanEck Uranium and Nuclear ETF (NLR): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-05-2025
- Business
- Yahoo
Nuclear stocks extend rally as Trump aims to quadruple US nuclear capacity by 2050
Nuclear stocks extended their rally on Tuesday on the heels of President Trump's executive orders, which aim to quadruple US nuclear power production over the next 25 years. Sam Altman-backed Oklo (OKLO) gained more than 8%, to extend year-to-date gains to more than 145%. Centrus Energy (LEU) rose more than 11% to hover at all-time highs. NuScale Power (SMR) rose 2% while Vistra (VSTR) and Constellation Energy (CEG), the largest nuclear plant operator in the US, rose more than 3%. Producers linked to uranium, a necessary element to fuel nuclear power, also surged. Uranium Energy (UEC) and Energy Fuels (UUUU) were both up more than 1%. The executive orders, signed at the Oval Office by President Trump on Friday with nuclear energy executives in attendance, aim to expand American nuclear energy capacity from approximately 100 gigawatts in 2024 to 400 GW by 2050. "The problem with the industry has historically been regulatory delay," Constellation Energy CEO Joe Dominguez, who was in attendance at the executive order signing, said on Friday. "Delay and regulations and permitting will absolutely kill you because if you can't get the plant on, you can't get revenue, and the interest costs are horrible." The executive orders clear regulatory and permitting roadblocks and accelerate nuclear technologies such as small modular reactors (SMRs) that can be manufactured, shipped, and installed on site. The executive orders come as Big Tech has been increasing investments in nuclear technologies in order to power its data centers and AI initiatives. Earlier this month, Google (GOOG, GOOGL) announced a collaboration with advanced nuclear project developer Elementl Power, in yet another sign of Big Tech's insatiable appetite for electricity. This follows a tie-up in September between Microsoft (MSFT) and energy giant Constellation Energy (CEG), as well as Amazon's (AMZN) purchase of a data center campus from energy provider Talen Energy (TLN) last year. Oracle's (ORCL) Larry Ellison in September announced that the company intends to build a data center powered by SMRs. "AI and quantum computing and data centers now are on the rise and they understand that without nuclear its going to be a really hard issue to get to this base load [or constant amount of] energy production," Jay Jiang Yu, founder of microreactor company NANO Nuclear Energy (NNE), told Yahoo Finance on Friday. The VanEck Uranium and Nuclear ETF (NLR) was trading at a 52-week high on Tuesday, up 20% year to date. Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X at @ines_ferre. Sign in to access your portfolio
