Nuclear Energy Stocks Rise After Secretary of Energy's Positive Comments

Investing.com07-15

Nuclear energy stocks surged Monday after Secretary of Energy Chris Wright expressed strong support for nuclear power on social media platform X, signaling a potential regulatory shift under the Trump...

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Uranium producers also benefited, with Energy Fuels up 6% and Cameco up 3%.Wright’s comments highlighted the administration’s intention to reduce regulatory barriers in the nuclear sector. \"Let’s talk nuclear energy: the energy-dense, always ON energy source that we’ve smothered for decades with regulatory red tape,\" Wright wrote on X. \"Under the Trump administration, you’re going to truly see the launch of the nuclear renaissance. The coming years will be HUGE.\"The statement suggests a potential policy shift that could benefit companies developing new nuclear technologies and those involved in uranium production. 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