Names are cited as evidence of the accelerating buildout (developers active in the UK, a fuel-recycling DOE grantee, the dominant producer guiding lower, the enrichment chokepoint) — not as individual buy/sell ratings. "View" reflects how each was framed. The "At" link opens the article. Research: QT Qualtrim · SA Seeking Alpha · STK Stock Analysis.
| Ticker | Name | Research | View | What she said | At |
|---|---|---|---|---|---|
| Uranium | Uranium | — | Positive | Prinsights's #2 commodity for 2026 ($110/lb target). Spot broke out to $94.28 (highest since Feb 2024; futures briefly touched $100); long-term contracts climbed $80→$86, equities rallied ~40% in 2025, physical funds accumulating. Primary production still falls short of reactor demand. | read |
| OKLO | Oklo Inc. | QT · SA · STK · FA | Positive | One of five companies the DOE funded (Feb 5, $19M total) to recycle spent nuclear fuel — cited as evidence that capital is flowing into the fuel cycle (the real vulnerability), a way to loosen Rosatom's enrichment grip without waiting a decade for new mines. | read |
| CNA | Centrica | SA · STK · FA | Neutral | Cited as UK-buildout traction — partnered with US developer X-energy on plans for 12 advanced modular reactors at Hartlepool under the UK's new Advanced Nuclear Framework. | read |
| KAP | Kazatomprom | SA · STK | Neutral | The world's largest uranium producer — cited as a supply-tightness data point: it's not rushing to ramp output and has already guided to lower nominal 2026 production, reinforcing the deficit thesis. | read |
| CCJ | Cameco | QT · SA · STK · FA | Neutral | Cited as a price-chart data source (Cameco / Trading Economics / ANS) for the uranium spot breakout — an industry reference, not a rated pick in this piece. | read |
| Rosatom | Rosatom (Russian state) | — | Neutral | The enrichment chokepoint — the Russian state corporation still controls ~40–45% of global enrichment capacity; recycling spent fuel is one of the few ways to loosen that grip without waiting a decade for new mines. | read |
| X-energy | X-energy (private) | — | Positive | US advanced-reactor developer building on UK soil — with Centrica, plans 12 advanced modular reactors at Hartlepool; an example of the UK framework directly benefiting US companies. | read |
| Holtec | Holtec International (private) | — | Positive | US SMR developer working with EDF to site small modular reactors on the old Cottam coal site in Nottinghamshire — another US company building in the UK under the new framework. | read |
| TerraPower | TerraPower (private) | — | Positive | US developer scoping UK sites for its Natrium reactor — the third US reactor developer now investing on UK soil, illustrating the framework's pull. | read |
"View" reflects how each name was framed (Positive = an active buildout/fuel-cycle player; Neutral = a supply-tightness or chart data point), not a price rating. Paid model-portfolio positions are not disclosed here. Research: QT Qualtrim · SA Seeking Alpha · STK Stock Analysis.
A jargon-free summary of why each name is in the piece. (Plain-language companion to the table above; renders on each ticker's consolidated page.)
Uranium is the fuel for nuclear reactors, and Prins ranks it her #2 commodity bet for 2026 with a $110/lb target. After being stuck in a range all of 2025, the price finally broke out to about $94 (and futures briefly hit $100). The reason: the world is building more reactors, the biggest producer (Kazatomprom) is actually cutting output, and there simply isn't enough new supply — so utilities are scrambling to lock in long-term contracts. She sees this as the early stage of a long upcycle.
Oklo is one of five companies the US Department of Energy just funded to recycle used nuclear fuel. Prins highlights this because the weak link in nuclear isn't reactors — it's the fuel supply, which Russia's Rosatom dominates. Recycling spent fuel is a way to get around that without waiting a decade for new mines. She uses Oklo as proof that government money is now flowing into the fuel side of the business, not just reactors.
Centrica is a big UK energy company that teamed up with US reactor developer X-energy to plan a dozen small modular reactors at Hartlepool in Britain. Prins cites the partnership as concrete evidence that the UK's new nuclear framework is actually producing real projects — and that US developers are the ones building them.
Kazatomprom (Kazakhstan) is the world's largest uranium miner. The key point is that even though prices are rising, it is not rushing to dig up more — in fact it has guided to lower production for 2026. When the biggest supplier holds back while demand grows, the shortage gets worse, which supports higher uranium prices. Prins uses it as a supply data point, not a stock pick.
Rosatom is Russia's state nuclear company, and it controls roughly 40–45% of the world's uranium enrichment (the step that turns raw uranium into reactor fuel). That dependence is the West's big vulnerability. Prins mentions it to explain why the US is funding fuel recycling and Western enrichment — to break free of relying on a Russian state firm for nuclear fuel.
Summary derived from the Prinsights Substack article for personal study. Not investment advice; specific model-portfolio positions are paywalled. © Nomi Prins / Prinsights for source material.