U.S. Nuclear Push Ignites Uranium Energy Shares

Shares of Uranium Energy Corp (UEC) surged dramatically on Wednesday, propelled by a multi-billion dollar government initiative aimed at revitalizing the American nuclear energy sector. The stock closed at $15.23, posting a substantial 14.34% gain on exceptionally heavy trading volume.

The rally was triggered by the Trump administration’s announcement of a planned investment of at least $80 billion for Westinghouse to construct new nuclear reactors. This strategic move is designed to overcome the financing hurdles that have stalled new nuclear projects, despite rising electricity demand from data centers and artificial intelligence industries. The news immediately boosted investor sentiment, sparking a broad-based rally across uranium equities, with UEC emerging as one of the top performers, registering Read more...