Shares of nuclear power companies surged after a report that U.S. President Donald Trump would sign executive orders as early as Friday to jumpstart the industry.
Trump is expected to streamline the regulatory process for new reactor approvals and enhance fuel supply chains, Reuters reported citing four sources familiar with the matter.
U.S. power consumption is expected to touch record highs in 2025 and 2026, after stagnating for nearly two decades, as power-hungry data centers dedicated to AI and crypto miners plug into the grid.
"Our confidence in the AI revolution data center buildout is increasing under the Trump administration, with nuclear energy ultimately playing a key role in powering data centers," Wedbush analysts said in a note.
Uranium Energy Corp rose by $1.01 or 19.57% to $6.17, Energy Fuels Inc gained $0.47 or 10.44% to $4.97, Centrus Energy Corp jumped $13.94 or 14.96% to $107.11, and Cameco Corp advanced $3.98 or 7.54% to $56.79.
Nuclear energy has garnered renewed interest from investors and companies, as it is considered to be a cleaner source of fuel and more reliable than wind or solar energy.
The industry is also expected to benefit from Trump's sweeping tax and spending bill, which rolled back many green-energy subsidies but preserved tax credits for nuclear energy.
"We are clearly witnessing the billowing of tailwinds behind the broader nuclear industry," H.C. Wainwright analysts said.
Trump is expected to streamline the regulatory process for new reactor approvals and enhance fuel supply chains, Reuters reported citing four sources familiar with the matter.
U.S. power consumption is expected to touch record highs in 2025 and 2026, after stagnating for nearly two decades, as power-hungry data centers dedicated to AI and crypto miners plug into the grid.
"Our confidence in the AI revolution data center buildout is increasing under the Trump administration, with nuclear energy ultimately playing a key role in powering data centers," Wedbush analysts said in a note.
Uranium Energy Corp rose by $1.01 or 19.57% to $6.17, Energy Fuels Inc gained $0.47 or 10.44% to $4.97, Centrus Energy Corp jumped $13.94 or 14.96% to $107.11, and Cameco Corp advanced $3.98 or 7.54% to $56.79.
Nuclear energy has garnered renewed interest from investors and companies, as it is considered to be a cleaner source of fuel and more reliable than wind or solar energy.
The industry is also expected to benefit from Trump's sweeping tax and spending bill, which rolled back many green-energy subsidies but preserved tax credits for nuclear energy.
"We are clearly witnessing the billowing of tailwinds behind the broader nuclear industry," H.C. Wainwright analysts said.
