Nuclear Sector Stocks Rebound After Selloff; Oklo, NuScale Power and Uranium Energy Rise
Oklo (NYSE:OKLO) rose by 5%, while NuScale Power (NYSE:SMR) gained 4% and Uranium Energy (NYSEAMERICAN:UEC) climbed 3%. The gains occurred without new company announcements or sector-specific catalysts, suggesting a broader market rotation into nuclear-related stocks. This is supported by the Global X Uranium ETF's (URA) rise of 2%, outpacing the SPDR S&P 500 ETF Trust’s (SPY) gain of 0.79%. The movement reflects renewed interest in policy-driven trades, particularly around a recent House vote on data-center power costs. The rebound follows last week's selloff and appears to be part of an oversold bounce within the nuclear theme rather than driven by operational results or new developments from these companies. Oklo remains below its previous highs despite Monday’s gains, indicating ongoing pressure in this sector. The rise is seen as a broader market positioning shift toward potential policy benefits for nuclear energy developers. The movement highlights how reactor developer stocks are outperforming upstream uranium suppliers like Uranium Energy during the bounce.
Topics: ETFs nuclear_energy stock_market