The Nuclear Stock That's Ready to Explode (In a Good Way)

The Flying Frisby

You might remember a few months back I wrote about a company called Novavax. It caught my eye because it had one of the most volatile yet regular charts I’d ever seen. It would swing from $4 to $300 and back again. On the basis of the chart action alone, I felt it was a buy with multi-bagger potential. Within a few weeks of writing when it was in the $4-$5 range, it quintupled to $24, and even today, it sits around $14, 250% higher than it was.

I think I’ve stumbled across a similar opportunity.

The chart action is not as regular as Novavax, but it’s very appealing.

The stock is currently trading at $3, near its lows. It looks like it has properly bottomed out – a process which has taken several years. But in a previous incarnation, it was as high as $4,000.

It’s one of those opportunities you treat like an option. Stick a tiny bit of capital in, accept that you could lose it all, but know that there’s also the possibility of making many times your original stake.

I stumbled across the stock while researching a piece I’m writing for this week’s Moneyweek about nuclear power and small modular reactors. (I’ll put the piece on here in due course so you can read it).

This company is developing some proprietary fuel technology that could dramatically transform both the economics and safety of nuclear power plants.

It’s the chart that really got me going, then the fact that what were headwinds for nuclear are now tailwinds.

AI needs shedloads of power, and there is currently a rush to secure it. In fact, the rush to secure power has suddenly made nuclear legitimate. The narrative has changed. After Microsoft agreed to pay a roughly 85% premium for reliable power from Three Mile Island a fortnight ago, anything nuclear or uranium-related has shot up. The bigger picture has changed.

I have invested and I’m going to tell you about the company today.

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