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French Nuclear Giant Areva Says Future Is Uncertain, Prompting a Sell-Off via The New York Times

PARIS — Areva, the French nuclear technology giant, warned of an uncertain outlook for its business amid delays to important projects and sluggishness in the global atomic energy sector, sending its stock tumbling on Wednesday.

The company, which is about 87 percent state-owned, said late Tuesday that it was suspending its financial outlook for 2015 and 2016.

Areva cited cash flow problems related to its long-delayed nuclear plant project in Finland at Olkiluoto, as well as Japan’s reluctance to restart reactors after the 2011 Fukushima disaster. And it noted “the still lackluster market” for providing services to existing nuclear plants, including in its crucial home market, which draws about three-quarters of its electricity from atomic power, the highest in the world.

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