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BUZZ - Nuclear-related stocks rise after Google reaches an agreement with Constellation Energy

BUZZ - Nuclear-related stocks rise after Google reaches an agreement with Constellation Energy

路透社路透社2026/10/06 15:41
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On October 6th, Tuesday, U.S. nuclear energy and utilities sector stocks rose due to the spillover effect from a power cooperation agreement between Alphabet, the parent company of Google (GOOGL.O), and Constellation Energy (CEG.O). CEG's stock surged by over 13% after GOOGL and CEG entered into a multi-year agreement (link) for GOOGL to purchase 3,590 megawatts of power from CEG. The two companies stated that roughly one-quarter of this power will come from newly built nuclear projects. The agreement was signed as major technology companies are racing to secure large-scale electricity supplies to meet the growing energy demand from data centers across the United States. Shares of companies developing small nuclear reactors soared: NuScale Power (SMR.N) rose 7%, Nano Nuclear Energy (NNE.O) rose 8%, Oklo (OKLO.N) rose 7.5%. Uranium producers also saw gains: Centrus Energy (LEU.N) increased 11%, enCore Energy (EU.O) rose 8%, and Uranium Energy (UEC.A) climbed 8%. Nuclear utilities gained as well: Vistra (VST.N) up 10%, GE Vernova (GEV.N) up 5%, and Talen Energy (TLN.O) up 13%. Meanwhile, NRG Energy (NRG.N), which supplies power to data centers, rose 7%. For the convenience of non-English speakers, Reuters provides its report with automated translations in several other languages. Due to possible translation errors or lack of contextual accuracy, Reuters does not guarantee the precision of automated translations, which are supplied solely for the convenience of readers. Reuters assumes no liability for any damages or losses arising from the use of automated translation features.

- ** On Tuesday, shares of U.S. nuclear energy and utility companies rose after a power supply agreement between Google's parent company Alphabet GOOGL.O and Constellation Energy CEG.O had a spillover effect.

** CEG shares> soared 13% after GOOGL reached a multi-year agreement (link) with CEG to purchase 3,590 megawatts of electricity; the two companies said about a quarter of the electricity would come from new nuclear power projects.

** The deal was signed as major tech companies are racing to secure large power supplies to meet the energy needs of data centers across the United States.

** Shares of companies developing small nuclear reactors soared: NuScale Power SMR.N rose 7%, Nano Nuclear Energy NNE.O rose 8%, Oklo OKLO.N rose 7.5%.

** Shares of uranium producers climbed: Centrus Energy LEU.N rose 11%, enCore Energy EU.O rose 8%, Uranium Energy UEC.A rose 8%.

** Nuclear power utility shares increased: Vistra VST.N rose 10%, GE Vernova GEV.N rose 5%, Talen Energy TLN.O rose 13%.

** Utility firm NRG Energy NRG.N, which supplies power to data centers, rose 7%.



(To facilitate non-native English speakers, Reuters provides automated translations of its reports into several other languages. Because automated translation may be inaccurate or lack required context, Reuters does not guarantee the accuracy of translated texts and provides them solely for reader convenience. Reuters accepts no responsibility for any damage or loss caused by the use of automated translation.)

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