Nuclear and uranium stocks climbed in premarket trading on Wednesday, with investors increasingly positioning for potential gains in the sector as trade frictions between the U.S. and China deepen.
Strategists at B. Riley Financial noted that U.S. national security priorities could continue to support the rally in nuclear-linked equities. “On the nuclear fuel front, the administration has made it clear that it wants to strengthen the supply chain, likely benefiting our uranium mining companies (UUUU, EU, URG) and Centrus (LEU), which seeks to restore domestic enrichment capabilities,” the analysts wrote in a client note.
Amid escalating geopolitical competition with Beijing, Washington has stepped up efforts to secure critical energy and technology supply chains. Market watchers believe this push could spark sustained momentum for U.S. nuclear power and uranium mining firms as the country works to reduce dependence on foreign fuel sources.
In early trading, shares of Centrus Energy (AMEX:LEU) jumped 7.8%, while Lightbridge Corporation (NASDAQ:LTBR) climbed 7.1% and NuScale Power (NYSE:SMR) rose 6.3%. Oklo Inc. (NYSE:OKLO) gained 5.9%, and Nano Nuclear Energy (NASDAQ:NNE) advanced 5.2%.
Uranium miner enCore Energy (NASDAQ:EU) led the sector’s gains, surging 9.8% after announcing the discovery of new uranium mineralized roll fronts at its Alta Mesa In-Situ Recovery uranium project.
NANO Nuclear Energy stock price
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