Nuclear-linked stocks rally after Google's deal with Constellation Energy
BUZZ-Nuclear-linked stocks rally after Google's deal with Constellation Energy ** Shares of US nuclear and utility sector firms rise on Tues as Google parent Alphabet's GOOGL.O power deal with Constellation Energy CEG.O spills over
** CEG's stock surges >13% after GOOGL enters multi-year deal to buy 3,590 megawatts of power from CEG; new nuclear energy accounts for about a quarter of supply, the companies said
** Deal comes as major tech companies race to secure massive amounts of electricity supplies to power data centers across the US
** Firms developing small nuclear reactors jump: NuScale Power SMR.N 7%, Nano Nuclear Energy NNE.O 8%, Oklo OKLO.N 7.5%
** Uranium producers ascend: Centrus Energy LEU.N 11%, enCore Energy EU.O 8%, Uranium Energy UEC.A 8%
** Nuclear utilities climb: Vistra VST.N 10%, GE Vernova GEV.N 5%, Talen Energy TLN.O 13%
** Utility NRG Energy NRG.N, which supplies power for data centers, up 7%
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
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