2 Top-Rated Nuclear Energy Stocks to Buy as Trump Talks Nuclear Waste

Industry Overview - President Trump's renewed focus on nuclear energy at the World Economic Forum has generated optimism in the nuclear sector, with plans to incentivize states for nuclear waste storage in exchange for new reactor construction [1][2] - The U.S. aims to quadruple its nuclear capacity to 400 gigawatts by 2050, addressing the growing electricity demand driven by trends like artificial intelligence [3][4] Company Insights - Encore Energy is positioned as a domestic uranium producer, actively engaged in the acquisition and extraction of uranium resources in the U.S., which aligns with the current nuclear expansion initiatives [5][6] - The company operates extraction facilities in South Texas, utilizing in-situ recovery technology, which gives it a competitive edge over others still in the exploration phase [6] - The Trump administration's nuclear expansion plans and the designation of uranium as a critical mineral are expected to provide long-term benefits for companies like Encore Energy [6][7] Market Dynamics - The global demand for uranium is significant, with 439 operating nuclear reactors requiring approximately 175 to 180 million pounds of uranium oxide annually, while current supplies are dwindling [8]