$1.39
0.07 (+5.30%)
USEC, Inc. (NYSE:USU)
CAPS Rating:
A global energy company that supplies low enriched uranium for commercial nuclear power plants.
A global energy company that supplies low enriched uranium for commercial nuclear power plants.
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USEC is engaged in turning weapons grade uranium into power plant uranium. They are building the only cutting edge technology plant in the USA and have the government contract for the Weapons to Warheads program to tackle the former USSR weapons grade uranium. Nuclear plants supply a much greater amount of energy to this country than most would realize and, while it is not an alternative fuel named often in "green commercials" it is the fuel most likely to take us into the next century without massive changes in lifestyle.
USEC has the high tech developemental minds that have dealt with this type of work and with other similar opportunities over the years at its helm. The work has been funded, at least enough to get the plant built, and it will not be nearly as painful as it might have seemed even a year ago. A year ago, this would have been a win-big or lose-big stock. The lose-big alternative is off of the table now, leaving only one option. It may take a while, but this is a winning stock. Expect good things here regardless of the stock market. This will be a problem stock only when we cease to need renewable energy.