Energy Fuels (UUUU) stock is soaring during Tuesday's intraday trading, experiencing a remarkable 8.53% surge. This significant uptick has caught the attention of investors and market analysts alike.
The catalyst behind this impressive rally appears to be the recent announcement of a landmark $80 billion deal struck by the United States for new nuclear power plants. This substantial investment in nuclear energy infrastructure has sent ripples through the uranium and nuclear-related sectors, with Energy Fuels emerging as a clear beneficiary.
The impact of this deal is not limited to Energy Fuels alone. Other uranium-linked stocks are also seeing notable gains, with companies like Nuscale Power surging by 14.1% and Nano Nuclear Energy rising 6.2%. This broad-based rally underscores the renewed interest and optimism surrounding the nuclear energy sector, potentially signaling a shift in energy policies and investment priorities in the United States.