Nuclear energy stocks are rising after Google GOOG and Amazon AMZN announced partnerships with small modular reactor (SMR) companies to power their AI data centers.
Google partnered with Kairos Power while Amazon signed with Energy Northwest to build four advanced SMRs.
SMR Developers:
- Oklo, Inc. OKLO: Developing fast fission power plants, stock up over 190% this month.
- NuScale Power Corp. SMR: Specializes in modular reactors, stock up nearly 100%.
- Nano Nuclear Energy, Inc. NNE: Focused on portable microreactors, stock up 85%.
Power Producers:
- Constellation Energy Corp. CEG: Partnered with Microsoft MSFT to restart the Three Mile Island facility.
- Vistra Corp. VST: One of the largest U.S. power producers, top performer in the S&P 500 in 2024.
Uranium Stocks:
- Cameco Corporation CCJ: A major uranium producer, stock up nearly 45% this month.
- Centrus Energy Corp. LEU: Supplies enriched uranium, stock gained 21% after a new contract.
“Huge Opportunity”
Jacob DeWitte, CEO of Oklo, shared insights on CNBC about the vast potential in the nuclear power sector. He stated, “Nuclear offers a great solution to growing power demands.”
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