"Nano Nuclear Energy (Nasdaq: NNE) is going vertical today, with shares up over 20% on an ongoing sentiment shift towards nuclear energy amid positive developments for the industry, and Nano in particular. In a validating moment just 11 days ago Nano was included in the S&P Global Broad Market Index (BMI). According to the press release from Nano: "With more than 14,000 companies included, the BMI provides the foundation for institutional investors, ETFs, and strategy indices - including those focused on factors and ESG investing.""
"And what a tide it's been. President Trump signed a deal with the UK to build a dozen nuclear reactors in the country, and has promised to fast track permitting domestically as AI data centers start forecasting power needs on par with major cities. Elon Musk's ambitions with Colossus is resulting in him rehabilitating a plant capable of generating over a gigawatt of power, enough to power 800,000 US homes."
Nano Nuclear Energy shares rose over 20% amid growing investor enthusiasm for nuclear power and recent industry developments. Nano was added to the S&P Global Broad Market Index (BMI), which includes over 14,000 companies and underpins institutional investors, ETFs, and strategy indices including factor and ESG investing. Policy moves include a U.S.-U.K. agreement to build a dozen reactors and U.S. promises to expedite permitting as AI data centers increase electricity demand. Rival companies such as Oklo also experienced gains. Large technology firms' substantial free cash flow and government framing of nuclear as essential are driving renewed investment interest.
Read at 24/7 Wall St.
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