Nuclear energy stocks surged Monday after Secretary of Energy Chris Wright expressed strong support for nuclear power on social media platform X, signaling a potential regulatory shift under the Trump administration.

Lightbridge up 16%; NuScale Power up 12%; Oklo up 11%. Uranium producers also benefited, with Energy Fuels up 6% and Cameco up 3%.

Wright’s comments highlighted the administration’s intention to reduce regulatory barriers in the nuclear sector. "Let’s talk nuclear energy: the energy-dense, always ON energy source that we’ve smothered for decades with regulatory red tape," Wright wrote on X. "Under the Trump administration, you’re going to truly see the launch of the nuclear renaissance. The coming years will be HUGE."

The statement suggests a potential policy shift that could benefit companies developing new nuclear technologies and those involved in uranium production. Nuclear energy stocks have been volatile in recent years as the industry has faced challenges from regulatory hurdles and competition from other energy sources.

Investors appear to be betting that a more favorable regulatory environment could accelerate the development and deployment of nuclear power projects, particularly for smaller modular reactor developers like NuScale and Oklo.