So the Italians want Nuclear Power.

BY ANDREW GIOVINAZZI

January 29, 2025

Yo Pit Crazies,

Italy’s plan for return to nuclear power ready by end-2027, minister says | Reuters

If I am lucky Licia will mention Nuclear Power stocks in her class tonight but she won’t tell me what she is doing. I have to check in at class time.

Frank and I like Nuclear Energy for the foreseeable future but that does not mean there won’t be fits and starts. Part of the big impetus for Nuclear Power is the potential for massive data centers. Even with less GPU’s, i dont see how the need for stable power outside of data centers is going to subside. Plus Uranium production is something we can do in the US and Canada that could potentially be a 51st state.

I am kidding about the state thing, sort of.

Frank and I added a Constellation Energy Inc (Ticker: CEG) trade in Cap Gains today. And if the flurry of executive orders is any early premonition, Pres Trump is going to lay out a plan for cheaper energy. We cannot do that without Nuclear Power.

CEG 6 month chart with 1 month candles

CEG gave up all the election related premium so I thought that made a good entry.

Small Scale Nuclear Reactors should still pay

Frank hit on Nuscale Power Corp (Ticker: SMR) last year for $3.00. That was when Trump’s win looked bleak and Nuclear Power was not even a twinkle in the eye of Green Energy Warriors. As this post goes live, the WH is freezing spending, to keep a campaign promise and sort through wasteful spending. Pres Trump also wanted faster approval for Small Scale Nuclear power that has been running the US Navy for 50 years.

SMR six month chart with 1 day candles

I like calls and call spreads on these stocks as a trade. The pullback is a short term entry point in the sector in general. Right now, DJT is going down the list of priorities, Nuclear Energy will pop back up soon enough.

Will SMR be part of the Licia’s Challenge? See here!

To Your Trading Success,