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-0.00138391765412056 -0.0043018163224473 -0.00240657166359121 0.0127109223894533 0.0520608701451725 0.087959360618928 0.107134123296503 0.144927858429115
Stock impact report

Nuclear stocks rally on Amazon's pacts to support the sector development [Yahoo! Finance]

Nano Nuclear Energy Inc. - common stock (NNE) 
Company Research Source: Yahoo! Finance
The move positions Amazon alongside other major tech companies seeking alternative energy sources to meet rising electricity demand. Shares in Nano Nuclear Energy Inc (NASDAQ:NNE) and Nuscale Power Corp (NYSE:SMR) surged nearly 10% each in premarket trading, and Oklo Inc (NYSE:OKLO) jumped more than 11%. Amazon said it plans to fund a feasibility study for an SMR project near an Energy Northwest site in Washington state. The SMR, which will be developed by X-Energy, did not have financial details disclosed. As part of the agreement, Amazon will have the option to purchase electricity from four reactor modules. Energy Northwest, a coalition of state public utilities, can expand the project by adding up to eight more 80 MW modules, potentially reaching a total capacity of 960 MW—enough to power over 770,000 U.S. homes. This additional capacity would serve Amazon's needs as well as power homes and businesses in the area. “One of the fastest ways to address climate change is by Show less Read more
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