One of the mantras often repeated by the anti-nuclear community during the nadir of the nuclear industry was that any company announcing a nuclear project would see its stock price hammered on Wall Street. That argument has actually been quite effective at slowing down corporate interest in investing – no leaders like to make big new product announcements and watch their company stock price tank. That effect is not good for personal portfolios or for job security.
Times, however, may be changing. Just as it is no longer considered to be a “third rail” for elected leaders to openly declare strong support for new nuclear power plants, it is now turning out to be somewhat positive for stock price performance to indicate that your company has a play in the reviving nuclear plant manufacturing or construction business.
Though Atomic Insights is definitely NOT an investment blog and anything you learn here should only form the basis for further research, I wanted to show you a screen capture of the five day stock price performance for McDermott International, Inc. for the week in which they made their mPower™ announcement. (Note: the announcement was made on Wednesday, June 10. The below chart is for Monday June 8-Friday June 12 (corrected based on comment).)
PS – several people in the investment business have made contact with me in the past few months looking for information about companies with products or services that will benefit from a new round of nuclear power plant construction or manufacture in the United States and around the world.