Encore energy stock price5/26/2023 ![]() GSE’s performance and engineering revenue for the quarter grew 9% year over year, and software and support sales increased an impressive 147% from 3Q21 to $2 million. Those declines and losses covered up some better news. In the end, the company reported an operating loss of $9 million, or 42 cents per share. The company reported a 7% year-over-year revenue decline to $11.9 million. GSE last reported financial results in November, for 3Q22. GSE’s services enable factory workers to fill their operational gaps and optimize their new technologies. The Maryland-based company provides technical and workforce solutions to the clean energy industry through a suite of high-performance simulation products and hands-on work. GSE Systems, the second stock we look at, is one of them. Nuclear power plants do not exist in a vacuum, and behind the scenes there is an entire service industry that provides support – simulation and training systems – to nuclear plant operators. With production from the Rosita ISR operation set to resume in the coming months, enCore Energy will be one of the first US-based uranium miners to make this transition,” the analyst added. “We expect a significant revaluation for the company and the group as a whole following the successful transition from development to production and positive free cash flow. At current exchange rates, these reported assets are worth $20.37 million and $12.58 million, respectively.Ĭantor analyst Mike Kozak shows confidence in this mining company and sees several reasons to support enCore.Īlthough sentiment in the uranium sector has become increasingly positive over the past two years, the market continues to suffer from a structural shortage of primary supply, a dynamic that has persisted for the past six years… Against this background, enCore Energy and its portfolio of all-American uranium-based projects will be a clear beneficiary, Kozak believed. These assets include $17.3 million in cash. The technique can be used in new projects or to exploit mines that are played out according to conventional standards.ĮnCore is still a pre-revenue company, but reported over $28 million in assets as of September 30, 2022, in Canadian currency. The mining company injects fluids into the underground ore deposits to dissolve the target minerals, which can then be brought back to the surface. ISR is a mining technology designed to minimize economic damage. The projects, in the Rocky Mountain region and South Texas, are wholly owned and hold the promise of environmentally friendly, domestic uranium production. enCore Energy is a uranium miner with a diversified portfolio of conventional and in-situ recovery (ISR) projects in various stages of pre-production. ![]() Nuclear energy relies on uranium, which has to be dug out of the ground – so we start in the mining industry. See also Stock traders ignore blaring bond alarms In addition to their significant upside potential, these Buy-rated tickers won’t break the bank as they each trade for less than $5 per share. With this in mind, we dug up the details of two such names that, according to the TipRanks database, offer investors the chance to double their money, or better. Given the realities of renewable energy and the various pressures to reduce dependence on fossil fuels, it’s likely we’ll see more nuclear reactor projects coming off the drawing board – so now may be the right time to start checking nuclear-related supplies. If fully commissioned, it will be only the second new nuclear power plant to come on stream since 1996. In a visible sign of a more accepting attitude toward nuclear power, the Vogtle Electric Generating Plant in East Georgia successfully activated its Unit 3 reactors for a test run earlier this month. This makes nuclear power plants a viable option for electric utilities, who are always looking for clean, reliable and safe energy sources. Nuclear power plant technology has improved dramatically since the 1970s in terms of safety, and the underlying costs – primarily building the facility – only need to be borne once. Say “nuclear power” and far too many people will jump straight to Chernobyl, or Three Mile Island, or fear Cold War Armageddon – but the facts paint a different picture. And that has led many governments and energy companies to rethink nuclear power. The price crisis is exacerbated by the underlying costs of those clean energy technologies, in the form of materials and required backup generation capacity. Electricity company prices are high – and rising – worldwide, as the political winds push to replace fossil fuels with cleaner wind or solar energy. It is no secret that we are on the verge of a global energy crisis.
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