Why Energy Fuels Stock Rocketed 20% Higher Today

Uranium mine worker Energy fuel (Nysmkt: UUUU) She got a big boost on Friday from one of the most powerful engines in the market recently – president Donald Trump.

On the news that Trump signed a set of executive orders that accelerate the development of the nuclear energy industry, a group of sectoral stocks increased dramatically. Since uranium is the preferred fuel for nuclear power generation, energy fuel shares were closed in the assembly and closed on Friday by 20 %. It was miles away from S & P 500 The index, which fell in red with a decrease of 0.4 %.

The demand for power in the United States increases sharply, not at least due to the heavy requirements for resources for artificial intelligence (AI). Treating this need is a priority for the president’s administration, as it is strongly evident by announcing the energy emergency on the first day of his current term in his position.

On Friday, the President signed four executive orders, which collectively reduce the regulations around the nuclear industry and support its development. More useful energy fuel, requests also provide a greater room for uranium mining and enrichment activities.

“It is a hot industry. It is a great industry,” Trump said of nuclear weapons.

“You have to do it correctly,” he added.

Fuels Energy is a clear and clear play in Trump’s enthusiasm for installing and running the nuclear industry again. However, there is some distance between intent and implementation, so we will have to monitor early indicators on how this new batch of nuclear people before the judgment is better for the benefit of the company.

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