Uranium And Nuclear Stocks Surge On Friday's Executive Orders From Trump
Excelsior Prosperity w/ Shad Marquitz (05-24-2025)
It has been a little while since we’ve had a uranium and nuclear stock update. The big news on Trump’s 4 executive orders around nuclear power, which were announced and signed on Friday, seemed quite important to cover with readers here.
I’ve got a few precious metals articles piling up to publish soon, but wanted to squeeze in this timely update on this critical part of the energy sector. Friday’s rapid price appreciation in the uranium and nuclear stocks was quite impressive.
So, let’s get into it…
The fundamental supply/demand picture for the uranium sector has been bullish for many years now. There are plenty of tailwinds for nuclear power, from all the new reactor builds, life extensions, and reactor restarts we are seeing globally, to the challenges around the nuclear fuel cycle with the Russian sanctions and export bans, and then the constrained supply of new pounds of uranium being mined.
There has really been a perfect storm of bullish macro factors swirling around in the marketplace, and yet bizarrely, the uranium spot price has pulled back and uranium mining stocks have stagnated for the last year.
It is possible that Friday’s multiple executive orders from the Trump administration, focused on bolstering the nuclear power industry, will be that next shot heard round the world in the energy sector.
Let’s start off looking at this recent news first, and then we’ll have a look at the huge influx of new buying that showed up across the board in the related nuclear and uranium mining equities.
Trump Signs Executive Orders to Revive Nuclear Industry in US
Hannah Parry – Newsweek - May 23, 2025
President Donald Trump signed multiple executive orders on Friday aimed at boosting the domestic nuclear energy industry.
White House staff secretary Will Scharf said, during the Oval Office signing ceremony as he passed Trump the orders, that they mean that the United States will be "quadrupling the amount of nuclear production in the next two and half decades."
The White House said that the order directs the reform of the Nuclear Regulatory Commission (NRC) "to reduce our dependence on foreign technologies, decrease regulatory barriers, and support our domestic nuclear industry."
Defense Secretary Pete Hegseth said during the signing, "Energy security is national security... by having small, modular nuclear... We're going to have the lights on and AI operating when others do not."
The orders aim to simplify the regulatory process for approving new nuclear reactors and to strengthen nuclear fuel supply chains amid mounting concerns over U.S. dependence on foreign suppliers.
Joseph Dominguez, CEO of Constellation Energy, added at the Friday ceremony that nuclear power is a "24/7 resource" but the problem in the industry "has historically been regulatory delay. Mr. President, this energy dominance council that you have created is something I haven't seen in 30 years."
Nuclear Power Stocks Soar on Trump Executive Orders
By Bill McColl – Investopedia - May 23, 2025
https://www.investopedia.com/nuclear-power-stocks-soar-on-trump-executive-orders-11740790
Shares of nuclear power companies surged Friday as President Donald Trump signed new executive orders aimed at boosting the industry.
The executive orders are meant to speed up approval of new reactors, and strengthen fuel supply chains, among other changes.
In a note to clients Friday, Wedbush analysts said the orders are "expected to be a significant tailwind for the industry."
"After decades of stagnation and shuttered reactors, President Trump is providing a path forward for nuclear innovation. Today’s executive orders allow for reactor design testing at DOE labs, clear the way for construction on federal lands to protect national and economic security, and remove regulatory barriers by requiring the Nuclear Regulatory Commission to issue timely licensing decisions," White House Office of Science and Technology Director Michael Kratsios said in a release.
"Nuclear has the potential to be America’s greatest source of energy addition," said Energy Secretary Chris Wright, who emphasized its importance with the emergence of artificial intelligence (AI) and growing demand for electricity to power data centers.
This news spiked the share price action on Friday in a number of the nuclear stocks, nuclear fuel enrichment stocks, and uranium mining stocks. While knee-jerk reaction moves like this tend to go a little overboard, the big moves up double-digits on the final trading day of the week demonstrate how a relatively small influx of new investor capital can have out-sized effects on such a small sector.
There are few legitimate companies for that capital to actually flow into in this sector, and we’ve covered the go-to names in this space a number of times now.
Small Modular Reactor stocks blasted to the upside on Friday:
NuScale Power Corporation (NYSE: SMR) – closed up 19.43%
Nano Nuclear Energy Inc (NYSE: NNE) – closed up a hefty 30.07%
Oklo Inc (NYSE: OKLO) – closed up 23.04%
Nuclear Fuels and Nuclear Power companies also got a big lift in Friday’s session:
The largest domestic publicly traded nuclear fuel enricher Centrus Energy Corp. (NYSE American: LEU) was up 21.59%
Nuclear fuel fabricator Lightbridge Corporation (Nasdaq: LTBR) was up a whopping 42.59%
Nuclear fuels and nuclear reactor components company BWX Technologies, Inc. (NYSE: BWXT) moved up 11.03%
One of the largest US utilities heavily exposed to nuclear power, Constellation (NASDAQ: CEG) was surprisingly only up 2.07%.
The uranium mining ETFs surged higher in Friday trading:
Global X Uranium ETF (NYSE: URA) – closed up 11.61%
Sprott Uranium Miners ETF (NYSE: URNM) – closed up 12.14%
Sprott Junior Uranium Miners ETF (Nasdaq: URNJ) – closed up 15.24%
For the balance of this article, I’m just going to pull up some charts of many of these go-to names; drawing readers attention to those big candles higher on Fridays close. In many cases, pricing also got up above key moving averages.
Also note the daily gains on Friday in the upper right-hand corner in green.
This very well could be the first step in the worm turning from a technical standpoint and the next sector breakout getting underway.
Let’s review the US uranium producers first since this news is most germane for these domestic companies ramping up U308 supply:
(you can click on these charts to expand them)
Let’s have a look at the Sprott Funds Uranium Mining ETF (URNM):
Cameco chart - the only publicly listed Canadian uranium producer:
Boss Energy - Australian uranium producer:
Charts of the more advanced uranium developers in Canada:
Clearly the Friday announcement regarding these newly signed executive orders from the Trump administration are most bullish for:
Small modular reactor stocks like Oklo, Nano Nuclear, and NuScale Power
Nuclear fuels companies like Centrus Energy and Lightbridge
US uranium producers like UEC, Energy Fuels, enCore Energy, and Ur-Energy
Let’s see if we get some follow though next week, but this seems like a potential turn in the sector. We should see a sympathetic lift across the rest of sector as uranium and nuclear ETFs continue to get a bid. Over time, maybe this new influx of capital will even breathe some new life down into the really beat up uranium explorers, but one step at a time…
Thanks for reading and may you have prosperity in your trading and in life!
Shad