Why Oklo and Centrus Energy Stocks Popped, but AES Dropped
Forget about the popular nuclear stocks that investors are swarming this week: Cheap AES stock may be your best bet.
Oklo (NYSE: OKLO) stock, a start-up nuclear power company developing mini-nuclear reactors, surged more than 10% yesterday after announcing a partnership with Korea Hydro & Nuclear Power. Alongside Centrus Energy (NYSEMKT: LEU), the company has been riding an even bigger wave of investor enthusiasm that began last week, when President Trump on Friday signed a series of executive orders to promote development of the nuclear power industry in America.
Both stocks are up again modestly today, with Oklo stock rising 1.7% through 10:30 a.m. ET, and Centrus Energy stock up about twice that -- a 3.4% gain.
In contrast, electric utility AES (NYSE: AES), which does not operate nuclear power plants, seems to be missing out entirely on the nuclear stocks boom. AES stock is down 3.7% today, and down an even more dramatic 52% over the past 52 weeks.
