Episode Details

Nuclear Energy Stocks: GE Vernova and TC Energy Lead the Pack

GE Vernova, a multifaceted energy company, is making waves in the nuclear energy sector. With a focus on gas turbines and wind energy, theyve reported impressive earnings, including $4.9 billion in 2021 and $4.7 billion in Q1 2022. Their partnership with Hitachi on small modular reactors is a game-changer, with projects in North America and Tennessee set to launch by 2030 and 2032 respectively. Despite a high stock price, GE Vernovas strong energy momentum has driven a nearly 60% surge this year.

Meanwhile, TC Energy, with a 48.4% stake in Bruce Power, is Canadas only private nuclear reactor, supplying 30% of Ontarios electricity. Theyve extended its life until 2064, and with a net income of $3.6 billion CAD in 2021 and a 26-year dividend hike streak at 3.9% yield, theyre a stable play. Despite a $60 billion CAD debt, their shares have risen nearly 20% this year, making them an attractive option for patient investors.

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