Uranium exchange-traded funds (ETFs) fell on Wednesday despite news of more U.S. states considering nuclear energy options. This comes at a time when power companies in the U.S. are considering alternative energy sources to meet the growing energy demands of artificial intelligence (AI) data centers.
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Here’s a quick look at the latest states considering nuclear options:
- Vermont Gov. Phil Scott wants to change the language concerning its energy requirements, shifting from renewable energy to clean energy, which includes nuclear power.
- New Hampshire Gov. Kelly Ayotte announced her intent to put the state “at the forefront” of nuclear energy.
- Delaware Senator Stephanie Hansen said the state’s legislative task force focused on nuclear energy has given itself a deadline of the end of July to produce a report on the potential of adopting the power source.
Uranium ETF Stock Movements Today
Let’s dig into how Uranium ETFs have moved today alongside news of more states adopting nuclear energy.
- Global X Uranium ETF (URA) stock was down 2.58% on Wednesday.
- NorthShore Global Uranium Mining ETF (URNM) stock fell 1.59% this morning.
- Sprott Junior Uranium Miners ETF (URNJ) stock slipped 1.03% as of this writing.
- VanEck Uranium + Nuclear Energy ETF (NLR) stock dropped 2.04% today.
URA vs. URNM vs. URNJ vs. NLR: Which Uranium ETF Is the Safest Bet?
Investors interested in Uranium ETFs will want to check out the TipRanks ETF comparison tool. With it, traders can get an idea of which Uranium ETFs are worth investing in. Looking at the four mentioned above, all of them have experienced significant gains over the past 12 months. Additionally, all of the ETFs have strong dividend payouts.
