Events in Fukushima, Japan are likely to have shifted the public's perception of nuclear energy, but it is still very early to say exactly how this will affect the UK power sector, according to broker Matrix.
Integrated supply companies Centrica (LSE: CNA.L) and Scottish & Southern Energy (SSE (Frankfurt: A0RFBG) ) "both have a degree of hedging", but the broker puts the former company on 'hold' with a TP of 328p, while the latter is given a 'buy' rating and TP of 1,325p. "SSE's more flexible hydro and pumped-storage assets could benefit if UK nuclear capacity were to come under threat," says Matrix´s Adam Forsyth.
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