The country’s largest uranium developer could almost triple in value if Australia relaxed its restrictive position on the controversial energy source, which is just one opportunity from the Coalition’s nuclear power strategy.

That’s the view of analysts at Morgan Stanley, who said changes to restrictions on the development of Paladin Energy’s assets in Western Australia and Queensland could push the company’s shares to as much as $32 in their most bullish outlook, much higher than the $13.58 they currently trade at.