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Cramer: Nuclear Power Is Dead in the United States

CNBC.com
Monday, 14 Mar 2011 | 2:52 PM ET

Nuclear energy companies were lower Monday as Japan continued to struggle with its stricken nuclear reactor after a second hydrogen explosion rocked the facility.

Mad Money's Jim Cramer said on Monday's Stop Trading! it had essentially put the nail in the coffin of nuclear power expansion in the United States.

"Is nuclear power dead in this country? Yes," Cramer said, adding that be believes no new nuclear reactors will be approved for a long time in the United States and decommissioning will likely be stepped up.

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Given that, Cramer said he was surprised to see NRG Energy

faring pretty well.

"The stock is doing OK, which I find rather amazing," Cramer said. But the most important thing to remember here is there is no incentive to build nuclear plants with politicians like Joe Lieberman, I-Conn., saying we need to pause, he added.

"There's no incentive to build these," he said. "This is going to be a nat-gas country."

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