Reported 13 days ago
The announcement of the U.S. Army's Janus Program, which aims to deploy portable microreactors by 2028, has led to a sell-off in nuclear stocks, likely due to profit-taking after a recent surge in prices. Despite the military's push for innovative nuclear technology, shares of various companies like Oklo Inc. and Centrus Energy saw significant declines. The nuclear sector, however, remains under scrutiny as concerns about potential overheating rise amid high valuations and the development stage of many companies in the field.
Source: YAHOO