U.S. companies exposed to the nuclear energy trend

BofA Securities listed 23 U.S. companies that are exposed to nuclear energy and could benefit from the bipartisan support to investments and policy measures.

Although Asia is leading investments in clean energy technologies with about 90% of mass-manufacturing capacity, other developed markets, such as the U.S., have introduced measures like the U.S. Inflation Reduction Act that aims at incentivizing companies to re-shore manufacturing of clean tech.

“In the U.S., nuclear investments have bipartisan support, and so face less risk of funding cuts no matter the election outcome,” said Panos Seretis, global head of Sustainability Research at BofA, in a note.

Analysts highlighted companies benefiting from these policy measures. These are 23 U.S.-listed companies that are developing nuclear technologies or that are part of the supply chain from mining uranium to supplying electrical equipment, said Seretis.

Here are the companies, with the percentage of ESG funds – environmental, social and governance; funds that aim at sustainability goals – with the position:

• Ameren (AEE) – % of ESG Funds with position: 4.3%
• American Electric Power (AEP) – % of ESG Funds with position: 6.8%
• BWX Technologies (BWXT) – % of ESG Funds with position: n/a
• Centrus Energy (LEU) – % of ESG Funds with position: n/a
• Constellation Energy (CEG) – % of ESG Funds with position: 12.3%
• Danaher (DHR) – % of ESG Funds with position: 28.9%
• Dominion Energy (D) – % of ESG Funds with position: 5.8%
• DTE Energy (DTE) – % of ESG Funds with position: 5%
• Duke Energy (DUK) – % of ESG Funds with position: 5.5%
• Edison International (EIX) – % of ESG Funds with position: 12.6%
• Entergy (ETR) – % of ESG Funds with position: 7.5%
• Evergy (EVRG) – % of ESG Funds with position: 3.8%
• General Electric (GE) – % of ESG Funds with position: 12.8%
• NextEra Energy (NEE) – % of ESG Funds with position: 25.1%
• NRG Energy (NRG) – % of ESG Funds with position: 6.3%
• NuScale Power (SMR) – % of ESG Funds with position: n/a
• PG&E (PCG) – % of ESG Funds with position: 7.5%
• Pinnacle West Capital (PNW) – % of ESG Funds with position: 2.5%
• Public Service Enterprise Group (PEG) – % of ESG Funds with position: 11.8%
• The Southern Co. (SO) – % of ESG Funds with position: 5.5%
• US Nuclear Corp (OTC:UCLE) – % of ESG Funds with position: n/a
• Vistra (VST) – % of ESG Funds with position: 5.8%
• Xcel Energy (XEL) – % of ESG Funds with position: 6.5%