Nuclear stocks rallied Wednesday after the U.S. Army launched a program to deploy small reactors.
Shares of NuScale, a small reactor developer, soared 17%. Oklo and Nano Nuclear were up nearly 7% and 4%, respectively. The uranium company Centrus rose 13%.
The U.S. Army on Tuesday launched a program to build micro nuclear reactors in partnership with the Defense Innovation Unit. The microreactors will be commercially owned and operated with the goal of helping developers scale up their businesses, according to the Army.
Stock Chart IconStock chart icon
NuScale Power (SMR), 1 day
The Army launched the “Janus Program” in response to President Donald Trump’s May executive orders that aim to speed the deployment of advanced reactors. Trump ordered the Defense Department to have a reactor operating at a domestic military installation no later than Sept. 30, 2028.
Investors have speculated heavily on the fortunes of NuScale, Oklo and Nano Nuclear despite the fact that none of the companies have deployed a reactor yet. Oklo and Nano Nuclear have not generated any revenue. NuScale posted $8 million in revenue in the second quarter.
Stock Chart IconStock chart icon
Oklo (OKLO), 1 year
AI power demand and Trump’s executive orders have fuelled a wave of market enthusiasm about nuclear power. Goldman Sachs recently told investors to exercise caution on Oklo.
Disclaimer: This news has been automatically collected from the source link above. Our website does not create, edit, or publish the content. All information, statements, and opinions expressed belong solely to the original publisher. We are not responsible or liable for the accuracy, reliability, or completeness of any news, nor for any statements, views, or claims made in the content. All rights remain with the respective source.