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Nuclear Stocks Continue To Climb After Trump's Executive Orders

President Donald Trump holds up a signed executive order
Nuclear stocks kept gaining Tuesday in response▨ to executive orders last week to accelerate the approval of new reactors.

Win McNamee / Getty Images

Key Takeaways

  • Nuclear stocks rallied again on Tuesday after President Donald Trump signed executive orders Friday aimed at boosting the sector.
  • Oklo and NuScale Power were among those nuclear companies identified as potential beneficiaries by analysts.
  • Shares of NuScale were on pace to close at a record high for a second consecutive session.

Nuclear stocks extended gains Tuesday on the heels of executive orders signed by President Donald Trump last week to accelerate the approval of new reactors and strengthen fuel supply cha🌟ins. 

NuScale Power (SMR) shares popped almost 15% in recent trading, putting them on pace to close at a record high for the second consecutive session. NuScale is well-positioned to benefit from the executive orders if the Department of Energy chooses the company “for any facilities to support infrastructure of AI demand,” Goldman Sachs analysts said Monday.

In a note to clients Friday, Wedbush Securities analysts wrote that the need for AI computing power is "expected to skyrocket over the next 5-10 years which takes up a tremendous amount of energy." The analysts pointed to Oklo (OKLO) as one of the 澳洲幸运5官方开奖结果体彩网:key beneficiaries of෴ the Trump administration’s support of the nuclear industry, and raised their price target to $55 from $45. Oklo stock gained more than 8% in recent trading and is up a whopping 35% since Thuﷺrsday. 

Aside from NuScale and Oklo, Jefferies analysts identified Constellation Energy (CEG) and Vistra (VST) as potential winners from the executive orders. Shares of both improved on Tuesday. Others making gains included Centrus Energy (LEU) and Cameco Corp. (CCJ), the latter of which was on track for an all-time high close in recent late Tuesday trading.

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  1. Goldman Sachs. "Americas Clean Energy: Nuclear: Trump Signs Executive Orders Expected To Accelerate Adoption of Nuclear Power Within the US."

  2. Wedbush. "Oklo INC. Executive Orders for Nuclear Energy on Deck; Bullish for OKLO-Raising PT to $55."

  3. Jefferies. "North America Power & Utilities. Joe Goes to the White House: Nuclear’s Very Good Week With EOs & Budget Bill."

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