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Stella-Jones Inc T.SJ

Alternate Symbol(s):  STLJF

Stella-Jones Inc. is a Canada-based manufacturer of pressure-treated wood products. The Company is focused on supporting infrastructure that is essential to the delivery of electrical distribution and transmission, and the operation and maintenance of railway transportation systems. It supplies the electrical utilities and telecommunication companies with wood utility poles and North America’s short line and commercial railroad operators with railway ties and timbers. The Company's infrastructure product categories also include industrial products, namely wood for railway bridges and crossings, marine and foundation pilings, construction timbers and coal tar-based products. Additionally, the Company manufactures and distributes premium treated residential lumber and accessories to Canadian and American retailers for outdoor applications, with a significant portion of the business devoted to servicing Canadian customers through its national manufacturing and distribution network.


TSX:SJ - Post by User

Post by retiredcfon Oct 19, 2024 8:15am
150 Views
Post# 36272879

Nuclear Power

Nuclear Power

To be sure, nuclear power is enjoying a resurgence that promises to deliver meaningful growth over the long term.

Apart from Amazon and Microsoft, Google-parent Alphabet has teamed up with Kairos Power to develop a fleet of advanced nuclear power projects by 2035. Another tech giant, Oracle Corp., announced in September that it is designing a data centre that will be powered by three small reactors.

This sort of interest, with more likely coming as more deals are announced, confirms that a “nuclear supercycle” has arrived, according to Benoit Poirier, an analyst at Desjardins Securities.

In a note last month, he argued that the benefits could extend well beyond the likely suspects and into Canadian companies, such as WSP Global Inc., Stella Jones Inc. and Aecon Group Inc. , which serve large utilities and can help expand the power grid.

As well, companies like Cameco are already seeing the resurgence of nuclear power in their financial results. In its second quarter, the uranium producer reported a 24-per-cent increase in its revenue.

It has commitments to deliver an average of about 29 million pounds per year from 2024 through 2028, up from 28 million pounds per year at the end of March. Demand for uranium looks set to rise even further over the longer term.

Investors are embracing a promising future for nuclear power, as demand for clean energy rises among energy hogs with lots of capital. With stocks already powering ahead, though, today’s bet rests on something far more precarious: That investors will keep believing.





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