Fed governors may dissent against Powell amid Trump pressure - WSJ’s Timiraos
Investing.com-- Nuclear energy stocks gained ground on Tuesday as Oklo (NYSE:OKLO) stock rose 5%, Nano Nuclear (NASDAQ:NNE) stock rose 5%, and NuScale Power (NYSE:SMR) stock rose 4% after a Senate panel proposed changes to President Trump’s budget that would extend tax credits for hydro, nuclear, and geothermal power to 2036.
The gains in nuclear stocks stood in sharp contrast to significant declines in solar energy names, which dropped after the same Senate proposal included plans to phase out tax credits for solar power by 2028.
Tuesday’s rally in nuclear stocks builds on recent momentum following executive orders from President Trump designed to support the nuclear industry. The policy shift appears to be creating a more favorable regulatory environment for nuclear power companies.
The Senate panel’s budget proposal represents a significant policy development for the energy sector, potentially reshaping investment priorities in the coming years by extending support for nuclear energy while reducing incentives for solar power.
The divergent performance between nuclear and solar stocks highlights how policy decisions can create clear winners and losers within the broader energy sector, with investors quickly adjusting their positions based on anticipated changes to the regulatory landscape.
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