** Shares of U.S. nuclear-linked stocks rally, tracking Wall Street gains on interest-rate cut hopes .N
** U.S. Federal Reserve Chair Jerome Powell pointed to a possible rate cut at the central bank's next policy meeting in his remarks at the Jackson Hole Symposium
** Lower interest rates decrease the cost of capital for expensive, long-term projects like nuclear power plants and makes it cheaper to finance new projects and expansions
** Uranium producers rise: Cameco CCO.TO up 4%, Centrus Energy LEU.A up 4.1%, enCore Energy EU.O gains 6.2%, Uranium Energy UEC.A up 7.5%, and Energy Fuels UUUU.A jumps over 10%
** Shares of companies engaged in developing small nuclear reactors also gain: NuScale Power SMR.N up 5.3%, Nano Nuclear Energy NNE.O and Sam Altman-backed Oklo OKLO.N both up 6%
** Nuclear utilities GE Vernova GEV.N up 2.8%, Vistra VST.N up 2.6%, Constellation Energy CEG.O up 1.2% and Talen Energy TLN.O rises 1.4%
(Reporting by Vallari Srivastava in Bengaluru)
((Srivastava.Vallari@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.