Nuclear power doesn't produce carbon dioxide, which is a big issue to consider as the world attempts to limit greenhouse gas emissions. The U.S. government has increasingly been pushing nuclear power as a clean energy solution. And Uranium Energy Corp. (NYSEMKT: UEC) is eager to provide the nuclear fuel demand that could arise if there is a nuclear power renaissance -- only there's some history to keep in mind before you buy this stock.

Uranium is the fuel used in nuclear reactors. It is what Uranium Energy Corp sells. At this point, the company is selling uranium that it acquired when the nuclear fuel was trading at depressed levels. But the company has been building its presence, attempting to create a mining operations that has the scale to compete with the industry's largest players. It has either completed or has in the works roughly $566 million worth of acquisitions. This activity is set to increase the company's resources three times over and its production capacity, assuming that the development assets it is buying get built out, by four times.

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Source Fool.com