Watchlist / nuclear-fuel-cycle

watchlist

Watchlist / nuclear-fuel-cycle

current roster plus event stream

symbols 17 events 327 latest

Nuclear fuel cycle — AI-DRIVEN nuclear-demand thesis (sibling to ai-power-bottleneck, NOT a rotation away from AI; the mechanism is COMPLEMENTARY — hyperscaler data-center power demand pulls through the entire nuclear supply stack). Validated first-principles 2026-05-26 (research/investigations/2026-05-26-nuclear-fuel-cycle-thesis-first-principles-validation.md). 4-LAYER decomposition (the layer structure IS the unit of analysis). LAYER 1 uranium miners: CCJ (Cameco, ~30B dominant Western pure-play bellwether), UEC (Uranium Energy Corp, US-domestic developer, DPA Title III tailwind), UUUU (Energy Fuels, only conventional US uranium mill + rare-earth byproduct crossover). LAYER 2 enrichment/components: LEU (Centrus — HIGHEST-CONVICTION single name; only commercial US HALEU producer, American Centrifuge Plant Piketon OH, 2.7B DOE HALEU Availability Program base, policy-protected by 2024 HEU Ban Act; US HALEU need ~40+ tonnes/yr by 2030 vs single-digit Western capacity = structural monopoly), ASPI (ASP Isotopes — quantum-enrichment for HALEU, highest-risk Layer 2, pre-revenue R&D), BWXT (BWX Technologies — reactor components + naval-reactor work, diversified-defense base = least…

Showing 120 of 327 events.

Cumulative return since Jul 16 — both lines start at 0%, so the gap between them IS the out/under-performance. Hover for daily values.
1D7D30D3M1Y
cohort -1.4%+1.2%+13.7%-8.6%-12.2%
SPY -0.5%-0.1%+4.0%+4.9%+21.4%
Δ -0.9%+1.3%+9.7%-13.5%-33.7%

equal-weight · buy-and-hold from window start, no rebalancing · 3M+ windows are a current-roster backcast.

30D breadth 14/17 up

trend: 6 up · 2 flat · 9 down · avg RSI 52 · 7% above SMA200 · covered 17/17

contributors

XE+2.7pp+45.9%
UUUU+1.7pp+28.7%
IMSR+1.5pp+26.0%
NNE+1.3pp+22.2%
UEC+1.2pp+20.4%

detractors

VST-0.4pp-6.0%
TLN-0.2pp-4.2%
DUK-0.1pp-1.1%
BWXT+0.0pp+0.2%
ASPI+0.2pp+3.6%

Holdings

CCJ $98.58 +15.1% 30d coming into play UEC $11.17 +20.4% 30d retreating UUUU $14.79 +28.7% 30d retreating LEU $184.12 +18.0% 30d retreating ASPI $4.02 +3.6% 30d retreating BWXT $171.54 +0.2% 30d retreating OKLO $43.88 +6.7% 30d retreating SMR $9.19 +19.0% 30d retreating NNE $19.59 +22.2% 30d retreating CEG $278.20 +10.2% 30d retreating VST $146.11 -6.0% 30d retreating TLN $356.92 -4.2% 30d retreating DUK $123.58 -1.1% 30d coming into play IMSR $5.82 +26.0% 30d too-young XE $20.45 +45.9% 30d too-young NUKX $37.81 +10.7% 30d too-young URA $45.25 +16.8% 30d retreating
XE $20.45 -2.5% +45.9% -20.1% — 55 neutral -44.9%
UUUU $14.79 -2.0% +28.7% -15.0% +39.8% 60 retreating -47.0%
IMSR $5.82 -1.2% +26.0% -10.9% -49.3% 52 strong-down -72.3%
NNE $19.59 -0.4% +22.2% -18.9% -37.5% 54 retreating -67.8%
UEC $11.17 -0.4% +20.4% -15.4% +6.1% 57 retreating -45.1%
SMR $9.19 -2.1% +19.0% -12.3% -73.8% 50 retreating -84.0%
LEU $184.12 -3.2% +18.0% +6.5% -1.3% 53 retreating -60.3%
URA $45.25 +0.7% +16.8% -7.0% +20.2% 61 retreating -27.3%
CCJ $98.58 +0.9% +15.1% -6.2% +31.9% 59 coming into play -27.1%
NUKX $37.81 -0.3% +10.7% -6.8% — 56 neutral -23.1%
CEG $278.20 -1.5% +10.2% +6.2% -9.9% 59 retreating -32.3%
OKLO $43.88 -1.1% +6.7% -25.1% -37.6% 47 retreating -77.4%
ASPI $4.02 -5.8% +3.6% -23.9% -57.0% 41 retreating -72.3%
BWXT $171.54 -1.0% +0.2% -14.9% +5.6% 46 retreating -29.0%
DUK $123.58 -0.3% -1.1% +0.6% +2.0% 45 coming into play -7.3%
TLN $356.92 -1.6% -4.2% +10.1% +0.2% 50 retreating -20.9%
VST $146.11 -1.4% -6.0% +7.0% -22.9% 46 retreating -33.3%

Feed generated 2026-08-18.