I recall that I have done a “List of Global Warming Stocks” a couple of weeks ago, with a view of investing my own money (I am expecting some cash from an inheritance in the next couple of months).
There is no nuclear power company on that list. And maybe that’s a good idea.
Mycle Schneider and Antony Froggatt just published an article called “Nuclear Power’s Renaissance in Reverse“, where they report minus 85% in the last five years for the EDF stock price, and minus 88% for AREVA.
I wonder if all those pro-nuclear folks opposing renewable energy are putting their money where their mouths are and invest in EDF and AREVA stock. At present decimated prices, this should be a wonderful opportunity if you believe in a nuclear future.
On the other hand, while it is nice to see my recommendation would have turned out well in the short term, that is just a coincidence. And it is irrelevant for me in the first place. I plan to buy these stocks and hold them for a decade. I don’t care about their short term fluctuations. And my main reason for buying some stock in a solar panel maker like Yingli would not be to expect a profit from that investment, but the desire to help with my money to do something against global warming.