Uranium and nuclear energy stocks experienced gains following reports that Alphabet, Google's parent company, is considering using nuclear power to meet its electricity needs. This interest echoes a recent announcement by Microsoft about purchasing nuclear energy.
Sundar Pichai, CEO of Google, mentioned that the company is exploring the option of buying electricity from nuclear power plants to power its data centers.
In pre-market trading, Constellation Energy saw a 2.6% increase, Vistra Energy rose by 2.8%, and NuScale Power climbed 3.1%. Among uranium mining companies, Cameco gained 2.6%, while NexGen Energy increased by 1.3%.
Constellation's stock had already surged last month after it finalized an agreement to supply nuclear power to Microsoft.
