Economy Blog » USEC: Rising Costs Making A Nuclear Winter (USU)

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USEC: Rising Costs Making A Nuclear Winter (USU)

USEC Inc. (NYSE: USU) is one of more widely followed stocks that is in the group of companies et to benefit from the coming nuclear power surge in the coming years. There is just one problem, well two. The first problem is that this has already fallen some 60% from major highs over the last year. But the second problem is earnings and future expenses. The U.S. uranium enrichment company disclosed that its plan to build the second uranium enrichment facility on Piketown, Ohio to supply fuel to nuclear energy reactors could run about 50% over budget. It is starting…
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