Why Constellation Energy, NuScale Power, Nano Nuclear, and Oklo Stocks All Popped Today

Core Viewpoint - The reopening of Unit 1 at the Three Mile Island nuclear power plant by Constellation Energy is driving a surge in nuclear power stocks, indicating a renewed interest in nuclear energy as a viable power source for large-scale operations like Microsoft’s data centers [1][2][5]. Group 1: Company Developments - Constellation Energy announced it will restart Unit 1 at Three Mile Island to supply 835 megawatts of carbon-free energy, particularly for Microsoft [5]. - The reopening will require significant investments for restoration and a comprehensive safety review, with hopes to complete the process by 2028 [5]. - Constellation's stock rose by 14.4% following the announcement, reflecting positive market sentiment [2]. Group 2: Industry Implications - The decision to reopen Three Mile Island signals a growing interest in nuclear energy, potentially leading to increased investment in new nuclear power designs from companies like NuScale Power, Nano Nuclear Energy, and Oklo [7]. - These smaller nuclear companies, valued below $1 billion each, may benefit from the renewed focus on nuclear energy, although they remain speculative investments with limited revenue [8]. - The reopening of Three Mile Island provides a four-year window for these companies to advance their projects while Constellation works on the plant [7].