By Josh Beckerman
Shares of Oklo, NuScale Power and Nano Nuclear Energy rose Friday after the Treasury Department and Internal Revenue Service revised rules for hydrogen production tax credits.
The three companies all are working on small modular nuclear reactors. Oklo was up 25%, to $27.25, while NuScale gained 17%, to $20.69. Nano rose 13%, to $26.97.
Meanwhile, larger companies such as Constellation Energy gained 3.5%, to $251, and Vistra rose 7%, to $160.18.
Regarding the change to the tax-credit policy, Constellation said it was pleased the Treasury Department's "final rule allows a significant portion of the existing merchant nuclear fleet to earn credits for hydrogen production."
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
January 03, 2025 14:35 ET (19:35 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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