Why Cameco, Oklo, and NuScale Power Stocks All Popped Today
Investors are getting irrationally exuberant about nuclear energy stocks.
Nuclear stocks of all stripes hopped higher in unison on Tuesday. As of 10:40 a.m. ET, mini-nuclear-reactor start-up Oklo (NYSE: OKLO) is up 2%, while rival small modular reactor maker NuScale Power Corporation (NYSE: SMR) is doing even better, up 8.6%. Canadian uranium miner Cameco Corporation (NYSE: CCJ) stock is also up a solid 5.8%.
You can thank investment banker Goldman Sachs for this in large part, and President Trump in the other part.
Image source: Getty Images.
