The Bad PlaceUS Top News and Analysis | Morgan Stanley likes this under-the-radar nuclear play, calls it a 'low-risk' option
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Morgan Stanley has given an overweight rating to TC Energy (TRP), calling it a “low‑risk” way to invest in nuclear power through the company’s 48% stake in Bruce Power, one of the world’s largest operating nuclear facilities. Analyst Robert Kad highlighted TC Energy’s Major Component Replacement program, which refurbishes reactors to extend their life for decades, and the Bruce C project that could add up to 4,800 MW of capacity. With nuclear generation hitting a record 2,667 TWh in 2024, the firm is well positioned to benefit from renewed interest in nuclear energy, and its shares have risen about 10% year‑to‑date, even though some analysts rate the stock only as a hold or underperform.
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