Tip of the Week

By Paul Hill, professional analyst & value investor
13/04/2012

The devastation caused by Japan’s Fukushima nuclear plant disaster damaged public faith in nuclear energy. Germany, Italy and Switzerland turned their backs on the fuel and China put its expansion plans on hold. But recently there have been signs of hope for the industry.

In March Washington gave the green light to two new reactors in South Carolina at a total cost of £11bn, This was the second approval in 2012 after a drought of 30 years. Last month, China’s biggest nuclear operator said that Beijing was also soon “very likely” to resume authorisation of its gigantic build-out plans. This is where my tip of the week comes in. With its shares down 50% since Fukushima, now looks a good time to jump on board…

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