Core Viewpoint - Oklo's stock price dropped 13% after Goldman Sachs reduced its price target by 14% to $91 per share, maintaining a neutral rating on the stock [1] Group 1: Goldman Sachs' Analysis - Goldman Sachs' price target reduction implies a potential 34% profit from the current trading price of $68, which raises questions about their neutral stance [2] - The investment bank's cautious approach may stem from rising uranium prices, which could impact the economics of nuclear power and demand for Oklo's small modular reactors [3] Group 2: Company Outlook - Oklo is not expected to generate revenue until next year, with profits anticipated no earlier than 2030, indicating a long wait for financial returns [4] - Rising uranium prices could dampen enthusiasm for Oklo's products, potentially delaying profit realization beyond 2030 [4] Group 3: Investment Considerations - Oklo was not included in a list of the top 10 stocks recommended by the Motley Fool Stock Advisor, suggesting that analysts may see better investment opportunities elsewhere [5]

Core Thesis - Centrus Energy Corp. (LEU) is positioned as a compelling investment opportunity due to its strategic role in the U.S. nuclear fuel supply chain and a derisked funding profile [3][4][5] Company Overview - Centrus Energy Corp. supplies nuclear fuel components for the nuclear power industry both domestically and internationally, producing enriched uranium essential for energy demands, including those from AI-driven industries [3][4] - The stock is currently trading at approximately 1x its backlog, indicating significant upside potential relative to its order book [3][4] Financial Position - Recent funding developments have reduced uncertainty around the company's ability to execute its growth strategy, enhancing its financial position [4] - Analysts have set a price target of $460 by mid-2027, suggesting substantial appreciation potential as the company scales to meet U.S. energy needs [4][6] Market Dynamics - Centrus's role in supplying enriched uranium creates a high barrier to entry for competitors, reinforcing the durability of its business model [4][5] - The combination of strategic importance, undervaluation, and lower financing risk positions LEU for strong performance in the coming years [4][5] Investment Appeal - LEU offers a favorable risk/reward profile, aligning strategic, financial, and market dynamics to create a unique buying opportunity [5] - The company is well-positioned to capitalize on the increasing demand for reliable energy sources, making it attractive for both equity and long-term strategic investors [5]

Core Viewpoint - NuScale Power has experienced significant stock growth, attracting investors interested in next-generation nuclear technology, particularly its small modular reactors (SMRs) which are seen as a solution for energy demands from sectors like artificial intelligence [1][2] Group 1: Investment Performance - An investment of $5,000 in NuScale stock in January 2024 would have yielded a remarkable return of 643.3%, increasing the value to $37,160 [2][7] Group 2: Advantages of SMRs - SMRs offer several advantages over traditional nuclear reactors, including scalability, lower construction costs, and enhanced safety features [2] Group 3: Risks and Challenges - Despite the potential for growth, NuScale faces significant risks, including the challenges of perfecting its technology and the likelihood of share dilution as it progresses [4] - Nuclear power is characterized as an expensive business, which adds to the investment risk associated with NuScale [4]

Company Overview - NuScale Power Corporation is a provider of small modular reactor nuclear technology [2] Investigation Details - Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving NuScale Power Corporation [1] - The investigation focuses on whether NuScale and certain top executives made materially false and/or misleading statements or omitted material information regarding the company's business and operations [2]

Company Overview - GE Vernova Inc. (NYSE:GEV) is a nuclear power company that also manufactures and sells gas turbines, wind turbines, and other heavy equipment [2] - The company has recently gained significant attention from analysts [2] Analyst Coverage - BMO raised GE Vernova's share price target to $785 from $780 while maintaining an Outperform rating, highlighting the company's goal of achieving 100 GW in gas turbine commitments by the end of 2026 [2] - UBS increased its price target for GE Vernova to $936 from $835 and retained a Buy rating, noting margin strength in the company's fourth quarter earnings [2] - Following the earnings report, GE Vernova's shares experienced a notable increase, prompting commentary from Jim Cramer regarding the stock's potential [2] Strategic Moves - GE Vernova's acquisition of transformer manufacturer Prolec is expected to create significant synergies for the company [2]

Budget Overview - The budget is conservative with tax buoyancy for FY27 assumed at 0.8, lower than the previous year, and GST revenues projected to decrease by 3% in FY27 compared to FY26 [1][8] - The share of revenue expenditure, excluding interest, is proposed to decrease from 52.2% to 50.8% [1][8] Capital Expenditure and Fiscal Deficit - An additional capital expenditure of ₹1.26 lakh crore for FY27 has been budgeted, indicating improved quality of the fiscal deficit [2][9] Strategic Sector Incentives - The budget emphasizes policy nudges and incentives in strategic sectors with long-term economic implications, including nuclear power, data centres, global capability centres (GCCs), and maintenance, repair, and operations (MROs) [2][9] Nuclear Power Sector - The extension of zero basic customs duty on imports for new nuclear power projects until 2035 will lower capital costs for developers, reduce energy costs, and enhance energy security [4][9] Data Centres and Semiconductor Mission - Data centres are incentivized with a long-term tax holiday until 2047 for foreign companies providing cloud services, while the India Semiconductor Mission aims to boost private investment in fabrication, design, and equipment manufacturing [5][9] Manufacturing and Supply Chain Development - Changes in income-tax laws will facilitate just-in-time manufacturing and improve the economics of electronics manufacturing, alongside the development of dedicated rare earth corridors to strengthen strategic supply chains [6][9] Global Capability Centres (GCCs) - Investments in GCCs are encouraged as they drive services exports, job creation, and advanced skills development, particularly in AI and emerging technologies [7][9] IT Services Tax Certainty - Unifying all IT services under a single category with a common safe harbour margin of 15.5% will reduce ambiguity and enhance tax certainty for the sector [7][9] Support for MSMEs - The proposed ₹10,000-crore SME Growth Fund and credit guarantee schemes for invoice discounting aim to provide additional capital for India's 10 million registered MSMEs [7][9] Overall Budget Impact - The budget presents a credible roadmap for increasing competitiveness and long-term growth, although a higher divestment target could have provided more resources and fiscal flexibility [8][9]

India will continue to offer the existing tax waivers for imports of nuclear power equipment until 2035, regardless of the size of the projects, Finance Minister Nirmala Sitharaman said in her budget speech on Sunday https://t.co/izpsRep8MJ ...

Company Overview - NuScale Power Corporation is a provider of small modular reactor nuclear technology [2] Investigation Details - Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving NuScale Power Corporation [1] - The investigation focuses on whether NuScale and certain top executives made materially false and/or misleading statements or omitted material information regarding the company's business and operations [2]

Financial Data and Key Metrics Changes - The company delivered $2.01 of FFO per unit, up 10% year-over-year, aligning with long-term growth targets [3][15] - In Q4, FFO was $346 million, up 14% year-over-year, or $0.51 per unit [15] - The company ended 2025 with $4.6 billion in available liquidity, maintaining a BBB+ investment-grade credit rating [17][18] Business Line Data and Key Metrics Changes - The hydroelectric segment generated FFO of $607 million, up 19% from the prior year, benefiting from solid generation in Canada and Colombia [16] - The wind and solar segments combined generated $648 million of FFO, supported by acquisitions and investments, though offset by prior year gains [16] - Distributed energy storage and sustainable solutions segments achieved record results of $614 million, up almost 90% from the prior year, driven by development growth and the acquisition of Neoen [17] Market Data and Key Metrics Changes - The energy demand is rising significantly, driven by electrification and industrial activity, with a shift from energy transition to energy addition [6][7] - The company is positioned to capitalize on the growing demand for power, particularly in solar and onshore wind, aiming for a run rate of delivering roughly 10 GW of new capacity per year by 2027 [8][12] Company Strategy and Development Direction - The company is focusing on scaling development of low-cost, fast-to-market solar and onshore wind to meet accelerating power demand [8] - Investments in hydro and nuclear are emphasized for their baseload and scale capabilities, with significant contracts signed with major corporates [9][10] - The company aims to expand its battery storage capacity to over 10 GW in the next three years, leveraging partnerships and technological advancements [12] Management's Comments on Operating Environment and Future Outlook - Management highlighted the strategic priority of power globally, indicating that energy demand growth is at a pace not seen in decades [5][6] - The company sees a constructive environment for M&A and growth deployment, with expectations of significant opportunities in the coming years [53] - The scarcity value of hydroelectric power is at an all-time high, with long-term contracts expected to drive higher contracted power prices [42] Other Important Information - The company announced a 5% increase in annual distribution to $1.468 per unit, marking 15 consecutive years of annual distribution growth of at least 5% [25] - A fully discretionary $400 million at-the-market equity issuance program was announced to repurchase BEP LP units [24] Q&A Session Summary Question: Update on Microsoft Framework Agreement and capacity cadence - Management noted that demand from corporates, especially hyperscalers, is at an all-time high, with expected growth in capacity from 2026 onwards [27][29] Question: Commentary on balance sheet and liquidity - Management expressed comfort with maintaining liquidity around the $4 billion mark, emphasizing the importance of capital recycling to support growth [30][32] Question: Headwinds in U.S. project development - Management indicated no slowdown in solar projects, while acknowledging some permitting slowdowns for onshore wind, but overall projects are progressing [39][40] Question: Realized hydro prices and future expectations - Management expects an increase in realized hydro prices due to high demand and new long-term contracts being layered in [42][43] Question: Capital recycling and repeat customers - Management confirmed that capital recycling activities have become a consistent source of funding, with frameworks established for future sales [44][45] Question: Battery storage development and M&A opportunities - Management highlighted a strong organic development pipeline for batteries, with ongoing evaluations of M&A opportunities in the sector [65][66] Question: Offshore wind opportunities - Management is open to evaluating offshore wind opportunities, particularly in Europe, while ensuring appropriate risk-return profiles [68][70]

Financial Data and Key Metrics Changes - The company delivered $2.01 of FFO per unit, up 10% year-over-year, aligning with long-term growth targets [3][14] - In Q4, FFO was $346 million, up 14% year-over-year, or $0.51 per unit [14] - The company ended 2025 with $4.6 billion in available liquidity, maintaining a BBB+ investment-grade credit rating [16][17] Business Line Data and Key Metrics Changes - The hydroelectric segment generated FFO of $607 million, up 19% from the prior year, benefiting from solid generation in Canada and Colombia [15] - The wind and solar segments combined generated $648 million of FFO, supported by acquisitions and investments, though offset by prior year gains [15] - Distributed energy storage and sustainable solutions segments achieved record results of $614 million, up almost 90% from the prior year [16] Market Data and Key Metrics Changes - The energy demand is rising significantly, driven by electrification and industrial activity, with a shift from energy transition to energy addition [5][6] - The company is positioned to capitalize on the growing demand for reliable baseload power through hydro and nuclear assets [7][8] Company Strategy and Development Direction - The company is focusing on scaling development of low-cost, fast-to-market solar and onshore wind to meet accelerating power demand [7] - Investments in battery technology are expected to quadruple storage capacity to over 10 gigawatts in the next three years [11] - The company aims to maintain a disciplined approach to capital allocation while pursuing growth opportunities in hydro, nuclear, and battery storage [23] Management's Comments on Operating Environment and Future Outlook - Management highlighted the strategic priority of power globally, with a need for substantial new generation capacity [5] - The company sees a constructive environment for M&A and growth deployment, anticipating a period of attractive opportunities [49] - The scarcity value of hydroelectric power is at an all-time high, with strong demand for long-term contracts [38] Other Important Information - The company executed over $37 billion in financings in 2025, a record for the franchise [17] - The capital recycling program generated record proceeds of $4.5 billion, or $1.3 billion net to BEP [20] - An increase of over 5% in annual distribution to $1.468 per unit was announced, marking 15 consecutive years of growth [23] Q&A Session Summary Question: Update on Microsoft Framework Agreement and capacity cadence - Management noted that demand from corporates, including Microsoft, is at an all-time high, with expected growth in capacity from 2026 onwards [25][26] Question: Commentary on liquidity position and ratios - Management expressed comfort with maintaining liquidity around the $4 billion mark, complementing growth with capital recycling [27][28][29] Question: Headwinds in U.S. permitting for onshore wind and solar - Management indicated no slowdown in solar deployment, while acknowledging some permitting delays for onshore wind [34][35][36] Question: Realized hydro prices and future expectations - Management expects an increase in hydro prices due to high demand and new long-term contracts coming online [37][39] Question: Capital recycling and repeat customers - Management confirmed that capital recycling activities have become a consistent source of funding and earnings, with frameworks established for future sales [40][41][43] Question: Battery storage development and M&A opportunities - Management highlighted a strong organic development pipeline for batteries, with a focus on long-term contracts rather than merchant arbitrage [61][63] Question: Offshore wind opportunities - Management is evaluating offshore wind opportunities, particularly in Europe, while ensuring appropriate risk-return profiles [65][66] Question: Impact of PJM backstop auction on development - Management views the PJM auction as a reflection of energy demand, potentially facilitating new capacity additions, which is positive for the business [70][72]