Shares of uranium stocks are trading higher after the Senate's environment committee recently voted to approve a bill that would fast track deployment of a new nuclear reactor fleet.
Portfolio Pulse from Benzinga Newsdesk
Uranium stocks are trading higher following the Senate's environment committee's approval of a bill to fast track the deployment of a new nuclear reactor fleet.
June 02, 2023 | 4:16 pm
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POSITIVE IMPACT
Uranium Energy Corp (UEC) stock is trading higher due to the Senate's environment committee approving a bill to fast track new nuclear reactor fleet deployment.
The approval of the bill by the Senate's environment committee will likely lead to increased demand for uranium, which is used in nuclear reactors. This will directly benefit Uranium Energy Corp (UEC) as a uranium producer, leading to a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Energy Fuels Inc (UUUU) stock is trading higher due to the Senate's environment committee approving a bill to fast track new nuclear reactor fleet deployment.
The approval of the bill by the Senate's environment committee will likely lead to increased demand for uranium, which is used in nuclear reactors. This will directly benefit Energy Fuels Inc (UUUU) as a uranium producer, leading to a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100