3 Uranium Stocks To Gain as Microsoft Goes Nuclear to Power AI

Nuclear power plant by night — Photo Microsoft Co. NASDAQ: MSFT signed a 20-year power purchase agreement with Constellation Energy Co. NASDAQ: CEG . The clean electricity will come from a revived nuclear reactor formerly known as Three Mile Island Unit 1, renamed Crane Clean Energy Center. Constellation plans to invest $1.3 billion to revive the 835 MW nuclear reactor pending permits and authorization from the Nuclear Regulatory Commission. The restart is expected in 2028, and Constellation seeks a license renewal that will extend operations for at least another 26 years.

While terms of the deal were not disclosed, Constellation Energy has stated that it is the largest power purchase agreement in history. In reaction, Constellation Energy’s stock surged 22.29% on the news. This news rocked the oil/energy sector as uranium stocks also saw a boost in anticipation of the increased demand for uranium. Here are three uranium stocks that […]

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