Nuclear power firms climb as Trump doubles down on energy policy

Nano Nuclear Energy

21/01/2025 10:49

** Shares of nuclear power firms jump premarket after U.S.
President Donald Trump issued a flurry of orders intended to
boost energy production after his inauguration on Monday
    ** Chris Wright, Trump's pick to head the U.S. Energy
Department, said he would prioritize U.S. oil and gas, and
nuclear power production last week
    ** Wright supports some fossil fuel alternatives such as
small nuclear power reactors, which are not yet commercially
available
    ** Vistra rises  VST.N  5.9%, NuScale Power  SMR.N  up 6.3%
and Nano Nuclear Energy  NNE.O  gains 6.3%
    ** Constellation Energy  CEG.O  up 1.7%, Centrus Energy
 LEU.N  up 2.9%
    ** Wright is currently CEO of oilfield service company
Liberty Energy  LBRT.N , which is up 3.9%
    ** He is also a director at Sam Altman-backed nuclear
startup Oklo Inc  OKLO.N , which is up 6%
    ** Trump declared a national energy emergency; picks for his
cabinet are expected to be confirmed by the U.S. Senate this
week

 (Reporting by Medha Singh)
 ((medha.singh@thomsonreuters.com))