| | | Nuclear names surge as Trump set to sign orders to boost industry
May 22, 2025 9:02 PM ET
By: Carl Surran, SA News Editor
Nuclear stocks trade higher post-market Thursday after Reuters reported that President Trump will sign executive orders by as soon as tomorrow that aim to jumpstart the nuclear energy industry by easing the regulatory process on approvals for new reactors and strengthening fuel supply chains.
A draft summary of the orders said Trump will invoke the Cold War-era Defense Production Act to declare a national emergency over U.S. dependence on Russia and China for enriched uranium, nuclear fuel processing and advanced reactor inputs, according to the report.
The summary reportedly also encourages the U.S. Department of Energy to use loan guarantees and direct loans to increase the buildout of reactors; Trump only used the Loan Programs Office in his first administration to support a large nuclear plant in Georgia.
Among strong gainers after-hours: Centrus Energy (NYSE: LEU) +21.9%, Lightbridge ( LTBR) +21.9%, Oklo ( OKLO) +18.2%, Energy Fuels ( UUUU) +17.8%, NuScale Power (NYSE: SMR) +16.3%, Uranium Energy ( UEC) +14.2%, Cameco ( CCJ) +7.4%, NexGen Energy ( NXE) +6.8%, Denison Mines ( DNN) +6.6%, Constellation Energy ( CEG) +6%, Talen Energy ( TLN) +3.6%, Vistra ( VST) +3.3%. |
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