Lightbridge Shares Jump 45% After CEO Notes Strong Nuclear Demand

Dow Jones10-19
 

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)

Copyright (c) 2024 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment