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Nuclear stocks like Oklo (OKLO) and Constellation Energy (CEG) are continuing to rally on President Trump's bid to increase nuclear power production. In the video above, Yahoo Finance Senior Reporter Ines Ferré takes a closer look at the stocks on the move.
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Well, nuclear stocks extending gains on Monday. That's after President Trump signed executive orders last week to boost that sector. Let's bring in here Yahoo Finance's Ines Ferre for more on the moves we are seeing, Ines.
Yeah, Josh. A nuclear power play that has been extending its trade today. So, some of these nuclear stocks that have seen a big surge. They saw big surge on Friday after President Trump signed executive orders that will quadruple nuclear output in the US by 2050. Now, that's very bullish when it comes to these stocks and some of these are inside the utility play. I'm just gonna do a year-to-date chart, uh, so you can see some of these stocks that are utility has done well year-to-date, but we have stocks like Oaklo, Constellation, Vistra, all of these stocks that have done very well when it comes to the year-to-date gains for these stocks. They had seen a dip of course in early April, but then you saw them really rally and on Friday and also today you saw them rally because a lot of what was signed last week was about doing away with regulation when it comes to nuclear reactors, and also a big focus on small nuclear reactors that can be manufactured, then installed on sites. And big tech has been heavily, heavily investing in this area because they are trying to power their big massive data centers, their AI. I just want to also show you what's been happening in the energy space in general when it comes to some of these, uh, energy plays, uh, traditional energy plays when we're talking about gas and oil, you can see a little bit of a mixed picture here and that's just mainly because of where we have been seeing oil prices a year to date and natural gas a year to date as we have been seeing crude oil is right now around $61 per barrel, year-to-date down 16%, Brent crude down 15% year-to-date, Josh.
Thank you, Ines.
