By Connor Hart
Shares of Lightbridge jumped after the company's top executive was interviewed on Schwab Network's "Trading 360" about developments in the nuclear industry.
The stock surged 45%, to $6.44, in afternoon trading Friday. Shares have more than doubled since the beginning of the year, up 117%.
Chief Executive Seth Grae in the interview Friday said demand for nuclear power is strong, bolstered by recent nuclear investment announcements from technology companies including Microsoft, Amazon.com and Alphabet-unit Google.
These investments could accelerate the adoption of nuclear energy to power data centers, he said.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
October 18, 2024 15:09 ET (19:09 GMT)
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