Nuclear stocks rally after Fed's Powell hints at lower interest rates

enCore Energy

22/08/2025 16:24

** Shares of U.S. nuclear-linked stocks rally, tracking Wall Street gains on interest-rate cut hopes .N

** U.S. Federal Reserve Chair Jerome Powell pointed to a possible rate cut at the central bank's next policy meeting in his remarks at the Jackson Hole Symposium

** Lower interest rates decrease the cost of capital for expensive, long-term projects like nuclear power plants and makes it cheaper to finance new projects and expansions

** Uranium producers rise: Cameco CCO.TO up 4%, Centrus Energy LEU.A up 4.1%, enCore Energy EU.O gains 6.2%, Uranium Energy UEC.A up 7.5%, and Energy Fuels UUUU.A jumps over 10%

** Shares of companies engaged in developing small nuclear reactors also gain: NuScale Power SMR.N up 5.3%, Nano Nuclear Energy NNE.O and Sam Altman-backed Oklo OKLO.N both up 6%

** Nuclear utilities GE Vernova GEV.N up 2.8%, Vistra  VST.N up 2.6%, Constellation Energy CEG.O up 1.2% and Talen Energy TLN.O rises 1.4%

 (Reporting by Vallari Srivastava in Bengaluru)

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