Nuclear Stocks Continue To Climb After Trump’s Executive Orders

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 chains. 

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 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 Thursday. 

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.