While investors have generally been cautious regarding green energy since the presidential election last November, the Trump administration has recently provided multiple signals that it intends to boost domestic nuclear energy by a significant amount. In May, the president signed a series of executive orders aiming to facilitate the construction of nuclear plants on public lands, grow U.S. uranium mining operations, and, controversially, revisit exposure limits for ionizing radiation.
The exact impact of these orders remains to be seen, but investors have good reason now to expect movement in companies linked to nuclear energy, particularly amid rising demand related to AI usage. Individual pure-play stocks like Denison Mines Corp. (TSE: DML) and even larger energy firms with a nuclear arm such as PG&E Corp. (NYSE: PCG) could benefit from recent government action.
