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BUZZ - Nuclear-related stocks rise after Google reaches an agreement with Constellation Energy

BUZZ - Nuclear-related stocks rise after Google reaches an agreement with Constellation Energy

On October 6th, Tuesday, U.S. nuclear energy and utilities sector stocks rose due to the spillover effect from a power cooperation agreement between Alphabet, the parent company of Google (GOOGL.O), and Constellation Energy (CEG.O). CEG's stock surged by over 13% after GOOGL and CEG entered into a multi-year agreement (link) for GOOGL to purchase 3,590 megawatts of power from CEG. The two companies stated that roughly one-quarter of this power will come from newly built nuclear projects. The agreement was signed as major technology companies are racing to secure large-scale electricity supplies to meet the growing energy demand from data centers across the United States. Shares of companies developing small nuclear reactors soared: NuScale Power (SMR.N) rose 7%, Nano Nuclear Energy (NNE.O) rose 8%, Oklo (OKLO.N) rose 7.5%. Uranium producers also saw gains: Centrus Energy (LEU.N) increased 11%, enCore Energy (EU.O) rose 8%, and Uranium Energy (UEC.A) climbed 8%. Nuclear utilities gained as well: Vistra (VST.N) up 10%, GE Vernova (GEV.N) up 5%, and Talen Energy (TLN.O) up 13%. Meanwhile, NRG Energy (NRG.N), which supplies power to data centers, rose 7%. For the convenience of non-English speakers, Reuters provides its report with automated translations in several other languages. Due to possible translation errors or lack of contextual accuracy, Reuters does not guarantee the precision of automated translations, which are supplied solely for the convenience of readers. Reuters assumes no liability for any damages or losses arising from the use of automated translation features.

路透社•2026-10-06 15:41

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