Stock Track | Constellation Energy Stock Soars 5.05% as Nuclear Power Revival Fuels Uranium Demand Outlook

Stock Track

Jan 31, 2025

Constellation Energy Corp (CEG) stock soared 5.05% on Thursday, riding on the bullish sentiment surrounding the nuclear power industry's revival and the resultant expected surge in uranium demand.

The nuclear energy sector is witnessing a resurgence driven by global efforts to transition towards cleaner energy sources to combat climate change. At the COP28 summit in December 2023, more than 20 countries pledged to triple nuclear power capacity, acknowledging its pivotal role in achieving net-zero greenhouse gas emissions by 2050.

This renewed commitment to nuclear power has sparked optimism about future uranium demand. According to the International Energy Agency (IEA), global nuclear power generation is poised to reach new heights in 2025, with 63 new reactors under construction and over 60 existing reactors slated for lifespan extensions.

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According to the International Energy Agency (IEA), global nuclear power generation is poised to reach new heights in 2025, with 63 new reactors under construction and over 60 existing reactors slated for lifespan extensions.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CEG","symbol_name":"Constellation Energy Corp","start_time":0,"source_url":"","article_id":"1150625255","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1150625255","pubTimestamp":1738254026,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Constellation Energy Corp  stock soared 5.05% on Thursday, riding on the bullish sentiment surrounding the nuclear power industry's revival and the resultant expected surge in uranium demand.The nuclear energy sector is witnessing a resurgence driven by global efforts to transition towards cleaner energy sources to combat climate change. 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