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A Nuclear Fuelled Rally

BBY has released a Trade Idea this morning on Paladin (PDN).

Over the weekend, a consortium of US Utility companies won approval to construct to new atomic energy reactors at an estimated cost of $14 billion, according to the Nuclear Regulatory Commission. This is the strongest signal yet that the US have given to the world that it will continue with its Nuclear Power ambitions as a source of clean, efficient energy. We believe this news will help drive a re-rate in Uranium stocks as it will be the fuel of choice for fission based reactors.

BBY Research does not formally cover Paladin.