Thailand’s newly elected Prime Minister Srettha Thavisin has outlined ambitious plans to legalize casinos and build a nuclear power plant, aiming to combat illegal gambling and reduce high electricity costs. These proposals, sparked by public dissatisfaction and a parliamentary study, aim to generate significant revenue and attract high-spending tourists, but face public opposition, particularly concerning nuclear power.
Results for: Nuclear power
Venture capitalist Sam Altman and Andreessen Horowitz are investing $20 million in Exowatt, a company developing solar-powered modules that can store energy for up to 24 hours. The move underscores the growing need for low-carbon energy sources to support the surge in AI data centers and the electrification of the economy.
Vistra Corporation (VST) remains a “buy” recommendation for investors seeking capital appreciation due to:
– Acquisition of significant nuclear power generation
– Low natural gas prices
– Texas population growth
– Oilfield electrification
– AI prospects for electricity demand growth
– Crypto mining
– Share buybacks
However, Vistra’s dividend yield is only 1.3%, making it unsuitable for dividend hunters. Despite its stock price increase, concerns remain regarding high leverage and rising debt costs.