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2 Top Nuclear Energy Stocks Hedge Funds Are Buying

The article from The Globe and Mail discusses two nuclear energy stocks that hedge funds are increasingly investing in. It highlights Cameco Corporation and Centrus Energy Corp. Cameco, a major uranium producer, has seen hedge funds like Citadel Investment Group and Renaissance Technologies increase their stakes, driven by the company's strategic moves to reduce production costs and capitalize on rising uranium prices. Centrus Energy, known for its uranium enrichment services, has also attracted hedge fund interest, particularly from funds like Point72 Asset Management, due to its potential in the growing nuclear fuel market and its role in supporting the U.S. nuclear fuel supply chain. The article suggests that these investments reflect a broader optimism about the future of nuclear energy, driven by global energy demands, environmental considerations, and the need for stable, low-carbon energy sources.

Read the Full The Globe and Mail Article at:
[ https://www.theglobeandmail.com/investing/markets/commodities/ESH18/pressreleases/29866024/2-top-nuclear-energy-stocks-hedge-funds-are-buying/ ]