The NYMEX introduced Uranium Futures Contracts yesterday and already the price seems to have been pushed up. The spot price was in the $130 range a few weeks ago but now the current futures price is $143. This seems like it would be bad for all those nuclear power plant owners out there. Here are the names of some prominent nuclear power plant owners that might be affected by high prices.
Exelon (EXC)
Entergy (ETR)
FPL Group (FPL)
Dominion Resources (D)
Possibly some short positions or some long dated puts might be good idea since these companies are hovering near they 52 week highs.
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