Tuesday, April 26, 2011

NRG (NRG) (FLR) (SHAW) (CXZ) Closed Mixed in Monday Trading

Shares of uranium and nuclear companies like NRG (NYSE:NRG), Crosshair Expl & Mining (AMEX:CXZ), Fluor (FLR) and Shaw Group Inc. (NYSE:SHAW) closed mixed Monday April 25th after the initial shock of the nuclear challenges in Japan from the earthquake start to gradually wind down.

The headline's that the nuclear sector is going to be abandoned and replaced by other so-called "green" energy is of course ludicrous, as solar and wind turbines are a poor and unpredictable source of energy, and will never be able to supply, or come close to supplying, the growing energy needs of the world.

While it's obvious the nuclear industry will go over safety measures to ensure the highest safety levels possible, the idea of taking an extremely rare occurrence like an 8.9 earthquake in Japan as the worst case scenario to determine nuclear strategies isn't going to happen, even though the industry will be safer and better for making any improvements they can.

Uranium suppliers, either way, will continue to enjoy growth going forward, regardless of the response to the industry in the aftermath of Japan, as existing nuclear plants will continue to operate for years into the future, and will need uranium to power them.

Who could be hurt more, depending on if they have any courage to continue on in the sector or not, are General Electric (NYSE:GE) and Siemens (NYSE:SI).

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