US Nuclear Energy Spotlight: Stock Picks and Tax Credit Bill

Nuclear power now supplies 47% of the United States' zero‑emission electricity, surpassing wind and solar. Investment advisers recommend two nuclear‑focused stocks, highlighting Cameco Ltd., one of the world’s largest uranium producers. Cameco, which controls high‑grade mines in Canada’s Athabasca Basin, secured a $2.6 billion contract with India’s Department of Atomic Energy to supply uranium through 2035 and holds a 49% stake in Westinghouse. The U.S. Department of Energy has also conditionally pledged $17.5 billion in loans for new reactors, boosting prospects for both fuel suppliers and plant builders.

In Washington, Representative Pat Harrigan and co‑sponsor Rep. Jimmy Panetta have introduced the Nuclear Velocity Stabilization Act. The bill would allow the transfer of existing nuclear construction tax credits—currently limited to 30‑50% of project costs and tied to a reactor’s 40‑year lifespan—to third‑party investors, mirroring rules for battery storage credits. Lawmakers argue the change would unlock financing for stalled nuclear projects, create jobs and help lower household electricity bills.