Investopedia: Shaw Group Still Looking For More Energy

Although the economy is slowly getting better, commitments to major engineering and construction projects are still scarce and erratic. Making matters worse for Shaw Group (NYSE:SHAW), there's still a great deal of uncertainty in the U.S. power space as it pertains to licensing new nuclear facilities, retrofitting old plants and building new fossil-fuel power stations. While Shaw Group does look like a potential value today, investors have to be willing to exercise patience to see that value come to light.

Mostly Good News for the Nuclear Business
While Japan's Fukushima disaster chilled the nuclear power market, Shaw is seeing respectable progress in this large business. SCANA (NYSE:SCG) and Southern Co. (NYSE:SO) have both gotten the go-ahead to move forward with nuclear plant projects, which de-risks a substantial part of Shaw's backlog. On the other hand, while there's still hope that Progress Energy (NYSE:PGN) (in the process of being acquired by Duke Energy (NYSE:DUK)) will get the go-ahead of a new facility in Florida, the company has been beset by a variety of problems with its nuclear plants.

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