Uranium ETFs Rally as NASA Floats Building a Nuclear Power Plant on the Moon

Uranium exchange-traded funds (ETFs) rallied on Monday as more countries and industries turn to nuclear power as the next generation of energy. While nuclear power previously had a negative reputation, that has changed in recent years alongside new education and safety concerning the energy source.

Here are a few recent news stories covering nuclear energy and the growing number of countries and organizations that are adopting the tech:

• Japan is bringing a nuclear reactor back online at its largest plant as it seeks to increase reliance on the energy source.
• NASA has expressed interest in building a nuclear reactor on the moon to power future space missions and potential lunar bases.
• New reports claim that Iran could dilute its enriched uranium if the U.S. removes sanctions on the country.
• Ukraine reported a partial reduction in nuclear power output following attacks from Russia.
• The U.K. government revealed plans to fast-track the conversion of a retired Cottam Power Station in Nottinghamshire coal factory into a nuclear power plant and data center.

Uranium ETFs’ Stock Movements Today

• Global X Uranium ETF (URA) stock was up 3.01% on Monday.
• NorthShore Global Uranium Mining ETF (URNM) stock rallied 2.89% this morning.
• Sprott Junior Uranium Miners ETF (URNJ) stock gained 3.74% today.
• VanEck Uranium + Nuclear Energy ETF (NLR) stock climbed 2.65% this morning.

Which Uranium ETF Is the Best Investment?

Turning to the TipRanks’ ETF comparison tool, traders can get all of the latest details on the top Uranium ETFs. NorthShore Global Uranium Mining ETF has the highest Smart Score at seven, followed by Sprott Junior Uranium Miners ETF and VanEck Uranium + Nuclear Energy ETF, which each have a Smart Score of six. Bringing up the rear is Global X Uranium ETF, with its Smart Score of 5. However, URA stock has seen the largest gain over the past year at 79.24%.

See more Uranium ETF comparisons