Everyone's Watching Oklo and NuScale for Nuclear Exposure. This Company Actually Fuels Them.

Jan van Eck, CEO of Van Eck Funds, suggests the nuclear energy sector may have bottomed out, citing a 20-year deal between Constellation Energy (CEG) and Google (GOOG, GOOGL) for 890 MW of nuclear capacity, backed by $4.3B in investment. The deal sparked a rally in nuclear stocks, with CEG up 12% and others like VST, TLN, OKLO, SMR, and NNE also gaining. Van Eck believes supporting AI infrastructure, like nuclear power, could rebound, though prediction markets see low odds for this year.

Centrus Energy Corp. (LEU) stock rose 9.34% after securing two multi-year HALEU deals with Radiant and Antares Nuclear, which include prepayments. The company reported quarterly revenue of $176.1M and net income of $16.8M. LEU's P/E ratio is 72, and it carries significant debt but maintains a liquid balance sheet. The stock's recent surge is driven by long-term contracts and expansion plans, despite a $500M securities offering that caused short-term dilution.

Oklo (OKLO) and NuScale (SMR) shares rose 9% and 7% respectively, driven by Google's nuclear energy commitment. Oklo achieved operational milestones, while NuScale advanced reactor technology. Analysts rate Oklo a Moderate Buy with an $73.28 average target, and NuScale a Hold with an $11.32 target.

The U.S. Department of Energy granted Vistra Corp (NYSE:VST) a $4.2 billion loan for nuclear plant upgrades, boosting nuclear stocks. Vistra's shares rose 11%, and Centrus Energy (NYSE:LEU) gained 11.3%. The loan aims to extend plant life and add 433 MW capacity. Centrus, a nuclear fuel supplier, may not directly benefit as Vistra is not a confirmed customer.

Shares of Oklo (OKLO), NuScale Power (SMR), X-Energy (XE), and Nano Nuclear Energy (NNE) rose on Tuesday following Google's 20-year nuclear power deal with Constellation Energy (CEG). The deal includes a five-year AI technology partnership. All four stocks are down year-to-date, with NNE having a Strong Buy consensus and an average price target of $39.17.

Google's deal with Constellation Energy to upgrade nuclear reactors boosted shares of small modular reactor developers. NANO Nuclear Energy (NNE) +8%, Oklo (OKLO) +8%, NuScale Power (SMR) +7%. Global X Uranium ETF (URA) rose 5%. All three companies are pre-revenue, with NuScale having U.S. regulatory certification.