What’s next for nuclear stocks after regulatory pushback?

Yahoo Finance11-10

Nuclear energy stocks have become a favorite of Wall Street this year as the artificial intelligence boom spreads and Big Tech searches for ways to meet its growing power demand. They helped power the...

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And Vistra , a nuclear power company, recently surpassed Nvidia  as the biggest gainer in the S&P 500  year to date.It’s a story the market ran with. Then came a regulatory wrist slap that briefly stopped the nuclear energy rally in its tracks.In a 2-to-1 ruling on Nov. 1, the Federal Energy Regulatory Commission  rejected a request from Talen Energy  to increase the power it could provide Amazon from its Susquehanna power plant, citing concerns about grid reliability and energy affordability.Several nuclear energy stocks, including Talen, Oklo , Centrus Energy , Vistra , and NuScale Power , tumbled","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4587":"ChatGPT概念","TLN":"Talen Energy Corporation","BK4081":"电力公用事业","BK4077":"互动媒体与服务","AMZN":"亚马逊","IE0003U64NQ7.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) ACC","MSFT":"微软","BK4579":"人工智能","IE00BMQBXF63.USD":"BNY MELLON GLOBAL INFRASTRUCTURE INCOME \"B\" (USD) INC A","IE00BD4GTW91.USD":"LEGG MASON CLEARBRIDGEINFRASTRUCTURE VALUE \"A\" (USDHDG) INC","OKLO":"Oklo Inc.","2NVD.UK":"2X NVIDIA ETP",".SPX":"S&P 500 Index","BK4525":"远程办公概念","OEX":"标普100","VST":"Vistra Energy Corp.","GOOGL":"谷歌A","VOO":"Vanguard标普500ETF","SH":"标普500反向ETF","LU2065171311.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) ACC","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","CSTA.U":"Constellation Acquisition Corp I","UPRO":"三倍做多标普500ETF","XLU":"公共事业指数ETF-SPDR","LU2065171402.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) INC","LEU":"Centrus Energy Corp.","GOOG":"谷歌","LU0068578508.USD":"First Eagle Amundi International Cl AU-C USD","3NVD.UK":"LS 3X NVIDIA","BK4182":"重型电气设备","IVV":"标普500指数ETF","LU0072462426.USD":"贝莱德全球配置 A2","IE00BN29S564.USD":"JANUS HENDERSON BALANCED \"A3\" (USD) INC","BK4528":"SaaS概念","CEG":"Constellation Energy Corp","SSO":"两倍做多标普500ETF","LU0234572021.USD":"高盛美国核心股票组合Acc","SPXU":"三倍做空标普500ETF","OEF":"标普100指数ETF-iShares","SDS":"两倍做空标普500ETF","L":"洛斯公司","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","SMR":"NuScale Power","BK4585":"ETF&股票定投概念","NVDA":"英伟达","BK4534":"瑞士信贷持仓","IE0005OL40V9.USD":"JANUS HENDERSON BALANCED \"A6M\" (USD) INC","IE000YTNTUN2.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG)INC","SPY":"标普500ETF"},"translate_title":"监管阻力后核股的下一步是什么？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XLU":1,"LEU":1,"MSFT":1,"NVDA":1,"GOOG":1,"OKLO":1,"SMR":1,"TLN":1,"AMZN":1,"VST":1,"CEG":0.9,"CSTA.U":0.9,"GOOGL":0.9,"SPY":0.61,"VOO":0.61,"SSO":0.6,"OEF":0.6,"OEX":0.6,"UPRO":0.6,"SDS":0.6,"SH":0.6,"SPXU":0.6,"2NVD.UK":0.6,"3NVD.UK":0.6,"L":0.6,"ESmain":0.6,".SPX":0.6,"IVV":0.6},"content_text":"Nuclear energy stocks have become a favorite of Wall Street this year as the artificial intelligence boom spreads and Big Tech searches for ways to meet its growing power demand.\nThey helped power the S&P 500’s Utilities index (XLU) to all-time highs — the index is on track to outperform the S&P 500's equal-weighted counterpart (^SPXEW) in 7 of the past 10 months, according to data compiled by Bloomberg. And Vistra (VST), a nuclear power company, recently surpassed Nvidia (NVDA) as the biggest gainer in the S&P 500 (^GSPC) year to date. \nBig Tech firms, including Amazon (AMZN), Microsoft (MSFT), and Google (GOOG), drove the gains, announcing hundreds of millions of dollars in investments in nuclear power names over the course of several weeks.\nIt’s a story the market ran with. Then came a regulatory wrist slap that briefly stopped the nuclear energy rally in its tracks.\nIn a 2-to-1 ruling on Nov. 1, the Federal Energy Regulatory Commission (FERC) rejected a request from Talen Energy (TLN) to increase the power it could provide Amazon from its Susquehanna power plant, citing concerns about grid reliability and energy affordability.\nSeveral nuclear energy stocks, including Talen, Oklo (OKLO), Centrus Energy (LEU), Vistra (VST), and NuScale Power (SMR), tumbled the following Monday.\nAmazon is expected to petition the decision, according to CFRA analyst Daniel Rich. But for investors, “it certainly is a setback,” Rich said.\n\n\n\n  A nuclear power plant in Nogent-sur-Seine, France, on Nov. 8, 2024. (BERTRAND GUAY/AFP via Getty Images)\n \n\n  BERTRAND GUAY via Getty Images\n \n\nRich explained that co-location agreements have become a major focus for the tech industry, as they allow hyperscalers to buy power directly from an existing energy source for their data centers. This enables them to build more data centers at speed and at lower costs.\nBut these agreements may be a sticking point for regulators, which is why Big Tech has pursued other strategies, such as creating new sources of nuclear energy through small modular reactors (SMRs).\nThough there are currently no SMRs in the United States, companies like Amazon see them as a way to affordably add to the power grid while also meeting the increased energy demands AI requires.\n\"The order may not represent a long-term risk,\" ClearView Energy Partners managing director Timothy Fox told Yahoo Finance. \"It’s more that FERC may have punted or didn’t want to set a precedent about co-location until it had firm policy.\"\n3 New York Cities of power\nClay Sell, the CEO of nuclear reactor designer X-energy, told Yahoo Finance that “a significant portion of the increased electricity demand in the US for the next 25 years is going to come from AI.” \n“It could be as high as 10%, 20%,” Sell added.\nApollo chief economist Torsten Sløk also recently contextualized the amount of power the AI boom is going to require. His data shows that you’d have to add three New York Cities' worth of power to the grid by 2030 to meet the demand that is going to come from artificial intelligence. (Disclosure: Yahoo Finance is owned by Apollo Global Management.)\n\nTech companies see nuclear as a way to meet that demand.\nThat may be one reason why Amazon is not done with co-location, telling Yahoo Finance via email that “we remain committed to continue innovating and advancing carbon-free energy solutions with companies like Talen Energy to power data center operations in the United States and the many technologies supporting our customers and our daily lives.”\nConstellation Energy CEO Joseph Dominguez also rebuffed regulators on his company's earnings call, which came one day after the ruling, saying, \"Co-location in competitive markets remains one of the best ways for the US to quickly build the large data centers that are necessary to lead on AI.\"\nDespite beating on earnings and revenue, Constellation stock (CEG) fell after the company reported third quarter results due to fallout from the Talen news. \nBut CFRA's Rich said Constellation is a stock to watch in nuclear.\n“I think Constellation is the most buyable dip,\" he said. \"Constellation … is by far and away the largest nuclear operator, more than three times more megawatt capacity than the next competitor. And we think that in our view, nuclear is really one of the best ways to service this type of demand from companies like Amazon, Microsoft, [and Magnificent Seven] names that have large needs for power.”\n\n\n\n   StockStory aims to help individual investors beat the market.\n  \n\nClick here for the latest stock market news and in-depth analysis, including events that move stocks\nRead the latest financial and business news from Yahoo Finance","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2482942210"}