Oklo Jumps 13%, NuScale Power Climbs 10%: Does the House Data Center Power Vote Reach Nuclear?
Oklo (OKLO) and NuScale Power (SMR) shares rose 13% and 10% respectively after the House passed a bill requiring data centers to fund their own power infrastructure. The Uranium ETF (URA) gained 4%, lagging behind the two reactor developers. Both companies are pre-revenue and down significantly year-to-date, with the rally seen as a policy-driven bounce.
How this was made
The 30-second read
Why it matters
The legislation creates a potential market for dedicated nuclear generation, directly benefiting small modular reactor developers.
Market read
Policy news drives a short‑term rally in nuclear developer stocks, separating them from broader uranium exposure.
What to watch
Long development timelines and financing needs may limit near‑term upside despite policy support.
Background
The House passed the Ratepayer Protection Act, requiring large data centers to fund their own power infrastructure upgrades.
Ticker impact
Oklo shares jumped 13% after the House passed the Ratepayer Protection Act, which could boost demand for its dedicated data‑center reactors.
Potential modest upside on further legislative progress; downside risk if the bill stalls.
The stock reacted sharply to the bill, but actual revenue impact is years away and contingent on Senate approval.
NuScale Power rose 10% on the same House vote, as the legislation favors dedicated power generation for large data centers.
Likely short‑term rally if the bill advances; limited long‑term upside until commercial reactors are built.
The move reflects policy optimism, but the company’s commercial timeline extends to 2027‑2028.
Market effects
Boosts sentiment for nuclear reactor developers while uranium miners lag behind.
U.S. data‑center and energy markets may see increased interest in on‑site generation.
Highlights growing policy focus on clean, dedicated power for high‑density computing worldwide.
Counterpoint
If the bill stalls in the Senate, the rally could reverse sharply, leaving investors exposed to high YTD losses.
Key entities
- CompanyOklo Inc.
Nuclear reactor developer focused on dedicated data‑center power.
- CompanyNuScale Power Corp.
Design‑certified SMR technology provider.
