Why Uranium Energy Stock Is Spiking Today
Shares of Uranium Energy (NYSEMKT: UEC) are flying higher on Tuesday. The company's stock spiked 11.8% as of 2:26 p.m. ET. The movement comes as the S&P 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite (NASDAQINDEX: ^IXIC) gained 0.4% and 0.6%, respectively.Uranium Energy and nuclear stocks across the industry saw a boost after a major deal was announced between Meta Platforms and Constellation Energy.The parent company of Facebook and Instagram announced on Tuesday that it has signed a 20-year agreement with Constellation to purchase roughly 1.1 gigawatts of energy from the nuclear company's Clinton Clean Energy Center in Illinois. That is the entire output from the Constellation site's nuclear reactor. Continue reading
Shares of Uranium Energy (NYSEMKT: UEC) are flying higher on Tuesday. The company's stock spiked 11.8% as of 2:26 p.m. ET. The movement comes as the S&P 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite (NASDAQINDEX: ^IXIC) gained 0.4% and 0.6%, respectively.
Uranium Energy and nuclear stocks across the industry saw a boost after a major deal was announced between Meta Platforms and Constellation Energy.
The parent company of Facebook and Instagram announced on Tuesday that it has signed a 20-year agreement with Constellation to purchase roughly 1.1 gigawatts of energy from the nuclear company's Clinton Clean Energy Center in Illinois. That is the entire output from the Constellation site's nuclear reactor.
