The nuclear energy sector may be in position for a revival now that the U.S. Nuclear Regulatory Commission has approved Southern Company’s plans to build 104 reactors in the U.S.—the first approval in 30 years, according to an article on Zacks.
If the sector does indeed take off, areas of the economy related to nuclear energy are likely to benefit, such as utilities and construction and engineering firms that specialize in building nuclear power plants, according to the article.
The following funds are mentioned for broad exposure to the nuclear power sector for those looking to make a play during the possible nuclear power renaissance:
- iShares Global Nuclear Energy Fund (NYSEArca: NUCL)
- Market Vectors Uranium + Nuclear Energy (NYSEArca: NLR)
- PowerShares Global Nuclear Energy Portfolio (NYSEArca: PKN)
For additional information, head over to Zacks.com.