What is the IRA mentioned in the "Post-IRA Energy Shift" theme?

The IRA refers to the Inflation Reduction Act, a major piece of legislation passed in 2022 that includes significant tax credits and incentives for renewable energy development in the United States. The "Post-IRA Energy Shift" theme focuses on potential changes to these policies, particularly proposed legislation that would tax wind and solar projects using Chinese-made components.

What are small modular reactors (SMRs)?

Small modular reactors (SMRs) are advanced nuclear reactors that are smaller than conventional reactors and can be factory-assembled. They're designed to be safer, more flexible, and more cost-effective than traditional nuclear plants. Companies like SMR (NuScale Power) are developing this technology as a carbon-free alternative to both fossil fuels and intermittent renewable sources like wind and solar.

Why would taxing Chinese-made renewable components benefit natural gas companies?

If Chinese-made components for wind and solar projects face new taxes, it would likely increase the cost and slow the development of these renewable energy projects. This could create a gap in energy supply that natural gas, as a relatively cleaner fossil fuel, would help fill. Natural gas is often considered a "bridge fuel" that can provide reliable power while producing fewer emissions than coal, making companies like EQT and LNG potential beneficiaries of such policy changes.

What's the connection between uranium stocks and this energy policy shift?

Uranium is the primary fuel for nuclear power plants. If policy changes make wind and solar development more expensive or difficult, nuclear power could gain more support as a carbon-free alternative. Companies like CCJ (Cameco) and UUUU (Energy Fuels) that mine and process uranium would benefit from increased demand for nuclear fuel, especially in a policy environment that favors domestic or non-Chinese supply chains.

How do companies like FSLR and ARRY fit into this theme?

First Solar (FSLR) and Array Technologies (ARRY) are U.S.-based manufacturers of solar panels and solar tracking systems, respectively. Unlike many competitors that rely heavily on Chinese-made components, these companies have more domestic or non-Chinese supply chains. If legislation taxes Chinese components, these companies would gain a competitive advantage over rivals who would face higher costs, potentially increasing their market share in the U.S. renewable energy sector.

16 handpicked stocks

Post-IRA Energy Shift

A carefully selected group of energy companies positioned to benefit from potential U.S. policy changes affecting renewables. These stocks were handpicked by our analysts to give you exposure to nuclear, natural gas, and domestic manufacturers that could gain market share if Chinese-component taxes are implemented.

Han Tan | Market Analyst

Published on June 30

Top Picks from This Group

Here are a few of the assets in this group. Create an account to unlock the full list.

Constellation Energy Corp

CEG

Current price

$357.46

As the largest operator of nuclear power plants in the U.S., the company provides reliable, carbon-free baseload power that becomes more critical if w...

As the largest operator of nuclear power plants in the U.S., the company provides reliable, carbon-free baseload power that becomes more critical if wind and solar development slows.

First Solar, Inc.

FSLR

Current price

$232.13

This U.S.-based solar panel manufacturer with a non-Chinese supply chain would gain a significant competitive advantage from a tax on rivals using Chi...

This U.S.-based solar panel manufacturer with a non-Chinese supply chain would gain a significant competitive advantage from a tax on rivals using Chinese components.

EQT Corporation

EQT

Current price

$55.76

As the largest producer of natural gas in the United States, it is well-positioned to supply a reliable bridge fuel if renewable growth is curtailed.

Cameco Corporation

CCJ

Current price

$84.20

NuScale Power Corp

SMR

Current price

$39.51

BWX Technologies, Inc.

BWXT

Current price

$185.70

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About This Group of Stocks

Our Expert Thinking

This collection focuses on companies that could benefit if proposed legislation taxes Chinese-made components in wind and solar projects. The policy shift could redirect investment toward nuclear power, natural gas, and U.S.-based equipment manufacturers as renewable development potentially slows.

What You Need to Know

These stocks span several energy sectors: nuclear operators and uranium suppliers, natural gas producers and infrastructure companies, and U.S.-based solar equipment manufacturers with domestic supply chains. They're positioned as potential beneficiaries of a changing energy landscape.

Why These Stocks

Our analysts selected these companies based on their strategic positioning to gain market share if U.S. energy policy shifts away from Chinese-dependent renewables. Each company offers exposure to alternative energy sources or domestic manufacturing capabilities that could see increased demand.

Group Performance Snapshot

14 of 16

Stocks Rated Buy by Analysts

14 of 16 assets in this group are rated Buy by professional analysts.

1.6%

Group Growth

This group averaged a 1.6% return last month.

Source: Analyst sentiment is provided by Refinitiv Ltd, a global leader in financial market data with over 40k business clients. Refinitiv Ltd is an independent third party to Nemo. This is not advice.

Why You'll Want to Watch These Stocks

📊

Policy Pivot Potential

These stocks are positioned to benefit from a significant shift in U.S. energy policy that could reshape the renewable energy landscape, creating opportunities for alert investors.

🔋

Beyond Wind and Solar

While everyone focuses on traditional renewables, these companies represent alternative energy solutions that could surge if anti-Chinese component legislation passes.

🏭

Made in America Advantage

Several companies in this group feature domestic manufacturing and supply chains that would gain a competitive edge if Chinese components face new tariffs.

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