Uranium stocks are soaring. Here are the two catalysts driving them higher

Source: iStock Key Points

Global financial institutions including Goldman Sachs, Citi and Bank of America pledged support for tripling global nuclear energy capacity by 2050, potentially easing financing challenges for the sector

Microsoft’s 20-year deal with Constellation Energy to restart a nuclear reactor demonstrates nuclear power’s value in meeting AI-driven energy demands

ASX-listed uranium stocks surged on the news, likely compounded by short covering The uranium sector is running hot again after fourteen of the world’s largest banks and financial institutions pledged to increase their support for nuclear energy on Monday.This adds further momentum for the uranium sector, after Baltimore-based Constellation signed its largest-ever power purchase agreement with Microsoft. The deal seeks to resurrect a unit of the Three Mile Island nuclear power plant in Pennsylvania, which shut down five years ago. Two market moving catalysts At a New York event on Monday, major financial institutions including Goldman Sachs, […]

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