Nuscale Power, Oklo Jump over 6% as Trump's Pledge for Energy Emergency Boosts Nuclear Stocks
Nuclear energy stocks jumped in pre-market trading session. The surge was likely driven by former President Donald Trump's recent announcement of plans to declare a national energy emergency and revive domestic oil and gas production.
Nuscale Power, Oklo, Nano Nuclear Energy about 6%; Vistra rose 5.4%; Constellation Energy rose 1.77%.
Trump's pledge to roll back Biden-era climate regulations and support the development of alternative energy sources appears to have boosted investor sentiment towards nuclear energy stocks.
Trump's proposed actions, aimed at addressing inflation and lowering energy costs for Americans, have raised expectations of a more favorable policy environment for nuclear energy companies.
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