US EditionTrump’s Plan To Boost Nuclear Energy Sends Industry Stocks Soaring—Including Oklo, Constellation, And More
- On Friday afternoon, the U.S. Government took action to boost nuclear energy development by issuing executive orders aimed at streamlining reactor approval processes and enhancing the security of fuel supply chains.
- These orders respond to rising electricity demand driven by artificial intelligence and address concerns about dependence on foreign uranium from Russia and China.
- The orders direct federal agencies to streamline licensing to 18 months, overhaul the Nuclear Regulatory Commission, and promote new reactor pilot programs on federal lands.
- Following the announcements, shares of nuclear-related firms such as Centrus Energy rose 22%, Oklo 25%, Denison Mines 10%, and the Global X Uranium ETF increased over 10%.
- These measures signal potential growth in U.S. Nuclear power, though issues like radioactive waste disposal and staffing cuts at regulatory agencies create ongoing uncertainties.
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Potential Trump Executive Order Sending URA, URNM and URAA Soaring
Key Points With President Trump expected to sign an executive order to support the nuclear industry, related stocks are rallying. Trump will invoke the Defense Production Act to declare a national emergency due to U.S. dependence on Russia and China for enriched uranium, says CNBC. Are you ahead, or behind on retirement? SmartAsset’s free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has be…
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Leaning Left1Leaning Right0Center4Last UpdatedBias Distribution80% Center
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