Nuclear Stocks Rally on U.S. Army’s Small Reactor Plan
Nuclear energy stocks surged Wednesday following the U.S. Army's announcement of its 'Janus Program' to deploy small modular reactors. NuScale Power (SMR) led gains, with Oklo (OKLO), Nano Nuclear (NNE), and uranium producer Centrus Energy (LEU) also advancing. The Defense Innovation Unit-backed initiative aims to accelerate private-sector development of microreactors, building on a 2028 operational deadline set by prior executive orders.
While the sector remains embryonic—NuScale reported just $8 million in Q2 revenue, while Oklo and Nano Nuclear are pre-revenue—the military's endorsement provides critical validation. The rally reflects growing institutional interest in nuclear solutions amid rising energy demands from technologies like artificial intelligence.
