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Barchart
Barchart
Aditya Raghunath

Trump Just Sent This Nuclear Stock to New 10-Year Highs. Should You Buy Shares Now?

Donald Trump Energy Fuels uranium United States Energy UUUU Oklo

Energy Fuels (UUUU) stock rocketed 14% higher on Wednesday, reaching levels not seen since 2010, after the Trump administration's Department of Energy announced a sweeping initiative to rebuild America's nuclear fuel supply chain.

Energy Fuels leads the United States in uranium production and has been quietly building what could become one of the most important rare earth operations outside China. The broader nuclear sector surged alongside Energy Fuels. Oklo (OKLO) jumped 10.6%, Denison Mines (DNN) gained 9.3%, and NexGen Energy climbed 9.1%. Cameco (CCJ), one of the world's largest uranium producers, rose 6.1%.

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