The Japanese earthquake has been very damaging to nuclear and uranium companies and ETFs. The news from Germany today does not get any better: it will exit nuclear power sooner than planned.
Germany said it will accelerate the shift toward renewable energy as well as increased energy efficiency.
There is a €5 billion program to increase offshore wind power to be launched this spring.
Hundreds of thousands of people have protested recently in Germany against nuclear power.
This may be why the URA and NLR ETFs has been taking another hit in recent days:
Please note also that we track nuclear companies as well live, on this site (click).