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Friday 4 April 2008

Info Post

Of course, we cannot truly recommend stocks in any company, nuclear or otherwise, since, first, doing so would fall into sketchy ethical waters and, second, we're at best ninnies at understanding the stock market and its movements - not that large careers haven't been made on Wall Street regardless.

However, following the money when it comes to companies investing in nuclear energy and its infrastructure seems to be paying dividends lately. Here is Bloomberg reporting on Toshiba's stock rise:

Toshiba Corp., Japan's largest supplier of reactors and chips, rose to the highest in more than a month in Tokyo trading after saying it's in talks with two U.S. utilities to build nuclear power stations.

[...]

Toshiba is headed for the biggest two-day gain since July 2003 on news it's negotiating the multibillion-dollar reactor deal with Scana Corp. and Southern Co. The shares rose 7 percent yesterday after Hynix Semiconductor Inc. said it will delay production of flash-memory chips, easing oversupply fears.

And here is the Times of London on British Energy:

Shares in British Energy climbed more than 6 per cent on Friday in expectation of a £9 billion bid for the nuclear generator from EDF, the French electricity giant which is Europe's biggest energy company.

Hard to say if this is even such good news since investors find peculiar reasons to punish as well as reward companies, but at the very least, it suggests that nuclear energy isn't frightening investors and, as a bonus, adds another quiver to the bow when the anti-nuke mob grumps about the cost of building new plants.

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