Watchlist / nuclear-fuel-cycle

watchlist

Watchlist / nuclear-fuel-cycle

current roster plus event stream

symbols 19 events 556 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 556 events.

Cumulative return since Sep 21 — both lines start at 0%, so the gap between them IS the out/under-performance. Hover for daily values.
1D7D30D3M1Y
cohort -4.2%-7.1%-20.2%-24.7%-43.1%
SPY -1.2%-1.0%-1.2%+3.5%+14.4%
Δ -3.0%-6.1%-19.0%-28.2%-57.5%

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

30D breadth 3/19 up

trend: 2 up · 2 flat · 15 down · avg RSI 34 · 6% above SMA200 · covered 19/19

contributors

TLN+0.7pp+12.5%
DUK+0.4pp+7.8%
VST+0.0pp+0.3%
CEG-0.2pp-3.1%
SRUUF-0.3pp-5.4%

detractors

SMR-2.1pp-39.5%
IMSR-2.0pp-38.2%
UUUU-1.9pp-36.7%
XE-1.8pp-35.0%
ASPI-1.8pp-34.3%

Holdings

CCJ $78.93 -16.6% 30d retreating UEC $7.48 -27.6% 30d retreating UUUU $7.69 -36.7% 30d retreating LEU $104.15 -34.0% 30d retreating ASPI $2.09 -34.3% 30d retreating BWXT $127.30 -11.9% 30d retreating OKLO $27.01 -33.2% 30d retreating SMR $5.38 -39.5% 30d retreating NNE $12.53 -27.7% 30d retreating CEG $255.21 -3.1% 30d coming into play VST $140.83 +0.3% 30d retreating TLN $331.42 +12.5% 30d coming into play DUK $125.40 +7.8% 30d coming into play IMSR $2.86 -38.2% 30d retreating XE $10.63 -35.0% 30d too-young NUKX $28.04 -17.6% 30d too-young URA $34.09 -22.1% 30d retreating SRUUF $18.33 -5.4% 30d coming into play URNM $41.54 -21.3% 30d retreating
TLN $331.42 -7.8% +12.5% -12.6% -12.9% 46 coming into play -26.3%
DUK $125.40 +3.9% +7.8% -3.0% -2.8% 70 coming into play -6.8%
VST $140.83 -9.8% +0.3% -16.7% -24.2% 43 retreating -30.9%
CEG $255.21 -5.7% -3.1% -7.4% -27.1% 41 coming into play -37.1%
SRUUF $18.33 -2.8% -5.4% -2.3% +2.4% 41 coming into play -26.0%
BWXT $127.30 -5.8% -11.9% -27.9% -33.4% 31 retreating -47.4%
CCJ $78.93 -3.8% -16.6% -11.6% -5.5% 34 retreating -41.6%
NUKX $28.04 -3.6% -17.6% -22.7% — 30 neutral -44.9%
URNM $41.54 -5.0% -21.3% -18.6% -28.5% 31 retreating -51.1%
URA $34.09 -4.1% -22.1% -17.1% -30.3% 28 retreating -45.3%
UEC $7.48 -5.3% -27.6% -23.9% -46.1% 30 retreating -63.2%
NNE $12.53 -6.0% -27.7% -25.8% -67.8% 32 retreating -74.7%
OKLO $27.01 -2.6% -33.2% -38.6% -77.5% 28 retreating -82.2%
LEU $104.15 -4.4% -34.0% -39.0% -66.9% 28 retreating -74.1%
ASPI $2.09 -3.7% -34.3% -48.3% -76.5% 31 retreating -81.4%
XE $10.63 -2.4% -35.0% -33.2% — 29 neutral -71.3%
UUUU $7.69 -6.2% -36.7% -36.0% -66.2% 20 retreating -72.4%
IMSR $2.86 -2.7% -38.2% -46.1% -85.0% 33 retreating -86.4%
SMR $5.38 -2.2% -39.5% -38.9% -84.5% 26 retreating -88.2%

Feed generated 2026-10-23.