The Globe and Mail reports in its Saturday edition that Americans are unusually united on nuclear power, which is helping stocks like Cameco. The Globe's David Berman writes that despite Donald Trump's criticism of wind energy and promotion of fossil fuels, renewable energy stocks have thrived during his second term.
The iShares Global Clean Energy ETF has risen nearly 50 per cent this year.
The return is well ahead of the 16-per-cent gain for the S&P 500 and trounces the 2.4-per-cent nudge by the index's traditional energy sector over the same period.
Mr. Berman says it is a rare moment when Republicans and Democrats can agree on an energy source. A Pew Research Center survey found that 59 per cent of Americans support expanding nuclear capacity, up from 43 per cent in 2020, while support for wind and solar has decreased.
Sixty-nine per cent of Republican voters and Republican-leaning independents support nuclear power plants, compared with 52 per cent of Democrat voters and Democrat-leaning independents, yielding a 17-percentage-point difference. This gap is the narrowest among the six energy sources examined by Pew Research and highlights nuclear power as the only renewable energy favoured by Republicans.
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