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Uranium stocks up after Amazon, Google pledge to boost nuclear energy capacity

ReutersMar 12, 2025 2:56 PM

Shares of uranium-linked stocks rise 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

*Canadian producers Uranium Royalty URC.TO and Cameco CCO.TO gain 4.2% and 2.2%, respectively

Shares of Uranium Energy UEC.A rise 4.1%, receiving an additional boost after Q2 revenue of $49.8 million beat estimates of $41.40 million - LSEG data

Global X Uranium ETF URA.P gains 1.2%

Nuclear utilities Constellation Energy CEG.O rises 3.1%, GE Vernova GEV.N up ~4%, Vistra VST.N adds 5.1% and Talen Energy TLN.O jumps 7.8%

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