Reaves Utilities ETF targeting the utility sector is the top-performing ETF of the first nine months. Let's dig into its details below.
Analyst chatter following last week's news that S&P 500 component Constellation Energy and Microsoft had inked a two-decade long contract to provide nuclear power for the tech giant's data centers has fueled a utility stock rally this week. Along with Constellation Energy, fellow S&P 500 nuclear power utilities play Vistra has jumped around 7% this week. Meanwhile, S&P 500 stock NRG Energy gained ground during Friday's market action, adding to a Thursday advance after it raised 2024 guidance with management claiming the company can "drive growth and capitalize on the emerging opportunities in our markets."
Digging into three under-the-radar nuclear energy stocks--FLR, BWXT, and GEV--to buy now for long-term upside.