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Uranium producers up after Amazon, Google pledge to boost nuclear capacity

ReutersMar 12, 2025 11:05 AM

Shares of uranium-linked stocks rise premarket after tech majors Amazon.com AMZN.O, Alphabet's GOOGL.O Google and shale firm Occidental OXY.N sign pledge to boost nuclear energy capacity

On the sidelines of the CERAWeek conference in Houston, companies support the goal of at least tripling nuclear energy capacity by 2050

Shares of Uranium Energy UEC.A up 1.8%; U.S.-listed shares of Uranium Royalty UROY.O and Cameco CCJ.N both rise 1.2%

Global X Uranium ETF URA.P gains 1%

Nuclear utilities Constellation Energy CEG.O rises 2.7%, Vistra VST.N adds 2.2% and Talen Energy TLN.O up 1.6%

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