It took a bit of looking…but here’s a nuclear stock that’s UP today.
Shares in nuclear services provider EnergySolutions Inc. (ES-N 6.93 0.05 0.73%) have jumped more than 11 percent on hopes that the company, which manages spent fuel and decommissions site, will benefit both from more stringent regulation in the industry and the big cleanup in Japan. Avondale Partners analyst Daniel Mannes says the company has relatively little exposure to new nuclear plants.
Meanwhile, investors are once again dumping engineering and construction giant Shaw Group (SHAW-N 33.87 -0.42 -1.22%), which is part of a group planning to build nuclear plants around the world. The shares have dropped from more than $40 US last week.
Salt Lake City-based EnergySolutions may be up today but the stock has been a miserable performer longer- term—as of this morning it was down 60 percent in three years.
After founder and CEO Steve Creamer resigned last month (the CFO quit in December), FBR Capital Markets analyst Alex Rygiel cut his rating to underperform, warning that the company had lost its “architect.”
Utah politicians have been trying to ban imports of foreign nuke waste after EnergySolutions tried to biring in low-level waste from closed Italian plants, a plan that has since been scrapped.
"Utah is not the place for the world's radioactive garbage," says one local Democrat.
The House of Representatives has passed the ban but it sounds like its advocates may have trouble getting Senate support. The Salt Lake Tribune says “new U.S. Senator Mike Lee was an attorney representing EnergySolutions in its legal fight to win the right to import foreign waste.”
Shares in nuclear services provider EnergySolutions Inc. (ES-N 6.93 0.05 0.73%) have jumped more than 11 percent on hopes that the company, which manages spent fuel and decommissions site, will benefit both from more stringent regulation in the industry and the big cleanup in Japan. Avondale Partners analyst Daniel Mannes says the company has relatively little exposure to new nuclear plants.
Meanwhile, investors are once again dumping engineering and construction giant Shaw Group (SHAW-N 33.87 -0.42 -1.22%), which is part of a group planning to build nuclear plants around the world. The shares have dropped from more than $40 US last week.
Salt Lake City-based EnergySolutions may be up today but the stock has been a miserable performer longer- term—as of this morning it was down 60 percent in three years.
After founder and CEO Steve Creamer resigned last month (the CFO quit in December), FBR Capital Markets analyst Alex Rygiel cut his rating to underperform, warning that the company had lost its “architect.”
Utah politicians have been trying to ban imports of foreign nuke waste after EnergySolutions tried to biring in low-level waste from closed Italian plants, a plan that has since been scrapped.
"Utah is not the place for the world's radioactive garbage," says one local Democrat.
The House of Representatives has passed the ban but it sounds like its advocates may have trouble getting Senate support. The Salt Lake Tribune says “new U.S. Senator Mike Lee was an attorney representing EnergySolutions in its legal fight to win the right to import foreign waste.”
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