In this podcast episode, the focus is on the energy sector's outlook for 2024, examining how rising energy demands from AI, improved oil production efficiency in the US, and a growing interest in nuclear power are shaping the landscape. The conversation highlights the robust performance of established nuclear power providers, driven by increased demand and support from the Inflation Reduction Act. However, there’s skepticism surrounding small modular reactor (SMR) companies, which, despite attracting significant investor interest, remain unprofitable. The episode also addresses the struggles of renewable energy stocks, which heavily depend on government subsidies, and emphasizes the importance of a balanced energy strategy that includes natural gas, nuclear, and renewables to meet future needs. To wrap up, the analyst suggests investing in established nuclear firms, particularly those in the supply chain like BWX Technologies, due to their lower risk and steady revenue generation.
