“The old saying was “where there’s smoke, there’s fire”, but in an age where coal-fired power stations are on death row, the new age saying could be “where there’s no fire, there’s nuclear”!” Peter quipped.
“Of course, fires can break out by bad practices at a nuclear power station, but the world signs up for alternative energy sources to combat perceived climate change, and nuclear is becoming globally more accepted.
“The International Energy Agency (IEA) reported in 2019 the following: “Nuclear power and hydropower form the backbone of low-carbon electricity generation. Together, they provide three-quarters of global low-carbon generation. Over the past 50 years, the use of nuclear power has reduced CO2 emissions by over 60 gigatonnes – nearly two years’ worth of global energy-related emissions.”
“It probably explains why the consensus of analysts on Boss Energy Ltd (BOE) tips a 34.7% upside in the share price, now at $3.75.
“That’s a target price of $5.05, and, more importantly, four out of four experts surveyed by FNArena gave the company a big thumbs up, with Bell Potter really ‘fired up’ by the company, with a 57.33% stock price rise forecasted.
“By the way, on this week’s Switzer Investing TV, Adam Dawes of Shaw & Partners nominated BOE as one of his five favourite stocks for 2024/25.
“Finally, uranium is a risk play, especially in the short term, but it seems to be a trend on the rise,” Peter said.
Boss Energy Ltd (BOE
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