This post is part of a series in which TheStockAdvisors.com asked financial experts to name their top stock pick if McCain or if Obama wins the election.

"McCain has been a strong supporter of nuclear power and his energy plan calls for building 45 new nuclear power plants in the U.S. by 2030; our pick for a McCain victory is uranium miner Paladin Resources (Toronto: PDN)," says Elliott Gue in The Energy Strategist.

"McCain's plan would represent by far the most significant build-out of nuclear plants in more than three decades. He has an ultimate goal of building 100 new U.S. reactors. America's 104 existing plants account for about 20% of electricity generation.

"The U.S. is not the only country in the world considering a major expansion in nuclear power. Russia, India and China have already committed to a major expansion of their nuclear energy capacity. And nuclear is also enjoying a renaissance in other developed markets such as the U.K. and Italy.

"The main fuel for nuclear plants is uranium. Last year, mined uranium supplies only covered about 64% of global uranium demand; to make up the difference, utilities tapped secondary sources such as stockpiles and reprocessed nuclear warheads.

"But, secondary supplies are expected to decline sharply in coming years and the Megatons to Megawatts program for reprocessing Russian nuclear weapons into power plant fuel ends in 2013. Therefore, mined supply will have to ramp up to meet rapidly growing demand.

Continue reading McCain stock: Nuclear plant build-out heats up Paladin Resources (PDN)

McCain stock: Nuclear plant build-out heats up Paladin Resources (PDN) originally appeared on BloggingStocks on Sun, 05 Oct 2008 13:00:00 EST. Please see our terms for use of feeds.