Wells Fargo Embraces Cathie Wood's Strategy, Invests in 'Nuclear Option' as AI Boosts Electricity Demand—Focuses on Industrials and Utilities | Intellectia.AI
Wells Fargo Embraces Cathie Wood's Strategy, Invests in 'Nuclear Option' as AI Boosts Electricity Demand—Focuses on Industrials and Utilities
Written by Emily J. Thompson, Senior Investment Analyst
Wells Fargo's Nuclear Bet: Wells Fargo Investment Institute is advocating for nuclear energy as a key solution to meet a projected 25% increase in U.S. power demand over the next decade, driven largely by artificial intelligence (AI) and existing challenges in states like Texas and California.
Advanced Nuclear Technologies: The firm highlights the potential of small modular reactors (SMRs) as a safer and more cost-effective alternative to traditional nuclear facilities, although full deployment is still several years away.
Market Performance of Nuclear Stocks: Investor interest in nuclear energy is reflected in the significant year-to-date gains of nuclear-linked stocks and ETFs, with some stocks like Oklo Inc. and Lightbridge Corp. seeing increases of over 400%.
Utilities Sector Outlook: Wells Fargo also favors the Utilities sector, anticipating benefits from rising power demand and pricing, while noting that natural-gas turbines are currently helping to address immediate energy needs for data centers.
Wall Street analysts forecast URNM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for URNM is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast URNM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for URNM is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 74.380
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Current: 74.380
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
