logo
welcome
Investor's Business Daily

Investor's Business Daily

Nuclear energy stocks rode a wave of excitement as Big Tech scrambles for power

Investor's Business Daily
Summary
Nutrition label

79% Informative

Nuclear energy stocks spent much of 2024 running at the top of the S&P 500.

Constellation Energy , Vistra and other new nuclear-focused companies rode a wave of excitement as Big Tech scrambled to find the electricity needed to power its artificial intelligence ambitions.

Analysts remain bullish on nuclear energy stocks in 2025 .

In early December , Meta Platforms announced plans to build a massive $10 billion artificial intelligence data center in northeast Louisiana .

Before the deal, Meta published a request for proposals for nuclear energy developers to provide one to four gigawatts of new nuclear generation capacity by the early 2030s .

The Federal Energy Regulatory Commission rejected a $650 million deal last March between Amazon.com and Talen Energy .

Thursday 's GSA deal proved the Biden administration commitment to tripling U.S. nuclear energy capacity by 2050 .

Despite the lack of clarity from President-elect Trump , analysts broadly see bipartisan support for nuclear energy.

Nuclear production tax credit sets a "quasi floor" price for nuclear of roughly $45 per megawatt through at least 2032 .