French nuclear plants stocks nosedive

French power group EDF’s shares fall after new cut to its nuclear output forecast

PARIS, Feb 8 (Reuters) - EDF shares fell on Tuesday after the French state-controlled power group - already under pressure from government measures to tackle higher energy bills - made new cuts to its nuclear output projections.

EDF again cut its nuclear output forecast for 2022 to 295-315 terawatt-hours from a previously expected 340-370 terawatt-hours late late on Monday, saying the latest downward revision was linked to ongoing nuclear safety controls.

The stock has lost almost 40% of its value since December when the company announced that corrosion problems forced it to halt some more nuclear reactors [from power generation].

https://www.nasdaq.com/articles/french-power-group-edfs-shar…

I remember waterfell saying that EDF nuclear is doing well not too long ago when I said they were having trouble with corrosion problems.

Jaak