Nuclear Stocks Get Boost After Report Says Trump Will Sign Orders to Jumpstart Field. NNE, Centrus up 16%; Oklo up 14%
Nuclear-industry stocks were trading higher after Reuters reported that President Trump is expected to sign executive orders by as soon as Friday that aim to jumpstart the nuclear-energy industry.
The report, which cited sources familiar with the matter, said the orders would attempt to ease the regulatory process on approvals for new reactors, as well as strengthen fuel supply chains.
In after-hours trading, shares of NANO Nuclear Energy, Centrus up 16%; Energy Fuels, Oklo up 14%; Lightbridge up 13%; NuScale Power up 12%.
VanEck Uranium & Nuclear, an exchange-traded fund comprising uranium and nuclear stocks, ticked 2% higher, to $89.99, in post-market trading.
A draft summary of the orders noted that Trump will invoke the Cold War-era Defense Production Act, allowing him to declare a national emergency over U.S. dependence on Russia and China for enriched uranium, nuclear fuel processing and advanced reactor inputs, the Reuters report said.
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