Why Nano Nuclear Energy Stock Was Red-Hot This Week
Not for the first time this year, Nano Nuclear Energy (NASDAQ: NNE) stock was going somewhat nuclear over the past few trading sessions.On news that a Senate committee desires changes in President Trump's "Big, Beautiful Bill" that favor the once-struggling industry, interest rose sharply in nuclear stocks. Nano was a direct beneficiary of this; according to data compiled by S&P Global Market Intelligence, its share price had ballooned by nearly 25% week to date as of Friday before market open. The bill is an ambitious budget reconciliation proposal that would reshape the federal budget. Early in the week, one new change floated by the Senate Finance Committee was an adjustment of the tax credits the feds provide to energy producers.Continue reading
Not for the first time this year, Nano Nuclear Energy (NASDAQ: NNE) stock was going somewhat nuclear over the past few trading sessions.
On news that a Senate committee desires changes in President Trump's "Big, Beautiful Bill" that favor the once-struggling industry, interest rose sharply in nuclear stocks. Nano was a direct beneficiary of this; according to data compiled by S&P Global Market Intelligence, its share price had ballooned by nearly 25% week to date as of Friday before market open.
The bill is an ambitious budget reconciliation proposal that would reshape the federal budget. Early in the week, one new change floated by the Senate Finance Committee was an adjustment of the tax credits the feds provide to energy producers.
