Uranium stocks up after Amazon, Google pledge to boost nuclear energy capacity

Cameco

12/03/2025 14:56

Updates

** Shares of uranium-linked stocks rise after tech majors Amazon.com AMZN.O, Alphabet's GOOGL.O Google and shale firm Occidental OXY.N sign pledge to boost nuclear energy capacity

** On the sidelines of the CERAWeek conference in Houston, companies support the goal of at least tripling nuclear energy capacity by 2050

** Canadian producers Uranium Royalty URC.TO and Cameco CCO.TO gain 4.2% and 2.2%, respectively

** Shares of Uranium Energy UEC.A rise 4.1%, receiving an additional boost after Q2 revenue of $49.8 million beat estimates of $41.40 million - LSEG data

** Global X Uranium ETF URA.P gains 1.2%

** Nuclear utilities Constellation Energy CEG.O rises 3.1%, GE Vernova GEV.N up ~4%, Vistra VST.N adds 5.1% and Talen Energy TLN.O jumps 7.8%

 (Reporting by Vallari Srivastava in Bengaluru)

 ((Srivastava.Vallari@thomsonreuters.com;))