Hedge funds are pouring money into uranium stocks as they bet on a nuclear-powered future

• Hedge funds are laying bets on uranium, a critical element in nuclear energy, Bloomberg reported.
• The price of uranium has swung up by 125% since the end of 2020. 
• While debates on the use of nuclear energy continue, experts see it as key to a future without fossil fuels. 

Hedge funds are betting on the growing need for atomic energy. 

As a warming planet drives the shift away from fossil fuels, nuclear power has been gathering momentum as an alternative source of energy. For investors, it means there’s a lot of money to make in uranium, the primary fuel for nuclear reactors.