☢️ Nuke, baby nuke: Can Europe Follow the U.S. Nuclear Revival?
Ion Jauregui – Analyst at ActivTrades
Nuclear energy is back in the spotlight. This week, former President Donald Trump signed four executive orders aimed at reviving the nuclear industry in the United States. Among the measures are plans to build 10 mega-reactors by 2030, boost domestic uranium production, and overhaul the regulatory processes of the Nuclear Regulatory Commission (NRC), which he accuses of stifling innovation with excessive bureaucracy.
The U.S. Hits the Nuclear Accelerator
The plan also aims to quadruple the country’s nuclear capacity by 2050, an ambitious goal that has sparked a wave of optimism across the sector. Startups developing modular and advanced nuclear reactor technologies — such as Oklo (OKLO), NuScale (SMR), and Centrus Energy (LEU) — have seen their share prices soar. The same applies to Cameco (CCJ), one of the world’s largest uranium producers. Meanwhile, major players like Constellation Energy (CEG) and Dominion Energy (D) have also recorded gains, albeit more moderate ones.
Financial Snapshot: Who's Leading the Nuclear Comeback?
Oklo Inc. (NYSE: OKLO)
• Recently went public in 2024, backed by Sam Altman.
• Still no significant operational revenues but enjoys strong venture capital support.
• Shares ↑ +45% since Trump’s announcement.
• Technical Analysis: The company’s stock is trending back toward its high of $59.14, closing Friday at $48.87 after jumping nearly $8 in a bullish gap. Currently, the stock is highly overbought with an RSI of 80.22%, suggesting a potential correction toward the $27.07–$15.48 range. The control point lies near $22.58. Friday’s close aligns with the 0.786 Fibonacci level, indicating possible retracement. However, moving average crossovers still signal bullish continuation.
Cameco Corp. (NYSE: CCJ)
• 2023 Revenue: CA$2.6 billion, +39% YoY.
• Net income: CA$361 million, driven by high uranium prices.
• Shares ↑ +28% in 12 months, reflecting nuclear cycle recovery.
• Technical Analysis: Trading at $58.69, heading toward the $62.55 high. The previous trading range was $35.46–$48.44, with the control point at $41.04. RSI is in overbought territory at 79.71%, and price is above the 0.786 Fibonacci retracement level, suggesting a possible pullback.
Constellation Energy (NASDAQ: CEG)
• 2023 Revenue: $24.5 billion, with stable growth.
• Adjusted EBITDA: $4.2 billion.
• Share buybacks and strong financials post-Exelon spin-off.
• Shares ↑ +16% YTD.
• Technical Analysis: Currently in a $155.60–$238.40 range, with a control point at $266.93. Friday’s close at $297.49 puts it closer to the January high of $352. RSI stands at 71.16%, indicating possible upward continuation. Moving averages support a bullish breakout.
Dominion Energy (NYSE: D)
• 2023 Revenue: $14.8 billion, flat YoY.
• Ongoing strategic restructuring with focus on nuclear and renewables.
• Shares ↑ +5% YTD, though challenged by debt and regulatory transition.
• Technical Analysis: Closed Friday at $56.29, within a $48.78–$58.78 range. Peaked at $61.97 in November, then dropped to $46.56 in early April. A recent bullish moving average crossover suggests a potential rally to the upper channel. RSI is at 56.82%, indicating a stable trading zone with room to move higher.
What About Europe?
The Old Continent is watching closely. While countries like France remain committed to nuclear — with EDF planning new EPR reactors — the European Union lacks a unified strategy, caught between Germany’s push for renewables and France’s defense of nuclear energy.
However, soaring energy demand — driven by transport electrification, digitalization, and AI — could force EU nations to reassess their stance. The potential of Small Modular Reactors (SMRs) — quicker to build and with a smaller footprint — could be key to unlocking political consensus.
Which European Companies Could Benefit?
• EDF (France): The nuclear powerhouse of Europe.
• Siemens Energy (Germany): While focused on renewables, it's involved in SMR-related automation and control systems.
• Rolls-Royce (UK): Developing its own modular reactor line.
• Orano (France): A key player in the nuclear fuel cycle, from mining to recycling.
Conclusion: Europe Faces a Global Nuclear Crossroads
The U.S. push toward a new nuclear era — faster, tech-driven, and energy-secure — signals a paradigm shift that Europe cannot afford to ignore. In the face of mounting pressure to ensure a stable, clean, and sovereign energy supply, nuclear — particularly in modular form — is emerging as a highly strategic option.
While Washington accelerates with political support, public funding, and buoyant stock markets, Europe still struggles with a lack of consensus that could translate into medium-term energy competitiveness risks.
The opportunity? Strengthen cross-border cooperation, channel investment into SMR development, and back key players like EDF, Rolls-Royce, and Orano already poised to lead Europe’s nuclear transition.
If the continent wants to keep pace with the unfolding energy revolution, the time to act is now — because this nuclear renaissance won’t be about mega-reactors. It will be compact, agile… and global.
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The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acting on the information provided does so at their own risk.
Ion Jauregui – Analyst at ActivTrades
Nuclear energy is back in the spotlight. This week, former President Donald Trump signed four executive orders aimed at reviving the nuclear industry in the United States. Among the measures are plans to build 10 mega-reactors by 2030, boost domestic uranium production, and overhaul the regulatory processes of the Nuclear Regulatory Commission (NRC), which he accuses of stifling innovation with excessive bureaucracy.
The U.S. Hits the Nuclear Accelerator
The plan also aims to quadruple the country’s nuclear capacity by 2050, an ambitious goal that has sparked a wave of optimism across the sector. Startups developing modular and advanced nuclear reactor technologies — such as Oklo (OKLO), NuScale (SMR), and Centrus Energy (LEU) — have seen their share prices soar. The same applies to Cameco (CCJ), one of the world’s largest uranium producers. Meanwhile, major players like Constellation Energy (CEG) and Dominion Energy (D) have also recorded gains, albeit more moderate ones.
Financial Snapshot: Who's Leading the Nuclear Comeback?
Oklo Inc. (NYSE: OKLO)
• Recently went public in 2024, backed by Sam Altman.
• Still no significant operational revenues but enjoys strong venture capital support.
• Shares ↑ +45% since Trump’s announcement.
• Technical Analysis: The company’s stock is trending back toward its high of $59.14, closing Friday at $48.87 after jumping nearly $8 in a bullish gap. Currently, the stock is highly overbought with an RSI of 80.22%, suggesting a potential correction toward the $27.07–$15.48 range. The control point lies near $22.58. Friday’s close aligns with the 0.786 Fibonacci level, indicating possible retracement. However, moving average crossovers still signal bullish continuation.
Cameco Corp. (NYSE: CCJ)
• 2023 Revenue: CA$2.6 billion, +39% YoY.
• Net income: CA$361 million, driven by high uranium prices.
• Shares ↑ +28% in 12 months, reflecting nuclear cycle recovery.
• Technical Analysis: Trading at $58.69, heading toward the $62.55 high. The previous trading range was $35.46–$48.44, with the control point at $41.04. RSI is in overbought territory at 79.71%, and price is above the 0.786 Fibonacci retracement level, suggesting a possible pullback.
Constellation Energy (NASDAQ: CEG)
• 2023 Revenue: $24.5 billion, with stable growth.
• Adjusted EBITDA: $4.2 billion.
• Share buybacks and strong financials post-Exelon spin-off.
• Shares ↑ +16% YTD.
• Technical Analysis: Currently in a $155.60–$238.40 range, with a control point at $266.93. Friday’s close at $297.49 puts it closer to the January high of $352. RSI stands at 71.16%, indicating possible upward continuation. Moving averages support a bullish breakout.
Dominion Energy (NYSE: D)
• 2023 Revenue: $14.8 billion, flat YoY.
• Ongoing strategic restructuring with focus on nuclear and renewables.
• Shares ↑ +5% YTD, though challenged by debt and regulatory transition.
• Technical Analysis: Closed Friday at $56.29, within a $48.78–$58.78 range. Peaked at $61.97 in November, then dropped to $46.56 in early April. A recent bullish moving average crossover suggests a potential rally to the upper channel. RSI is at 56.82%, indicating a stable trading zone with room to move higher.
What About Europe?
The Old Continent is watching closely. While countries like France remain committed to nuclear — with EDF planning new EPR reactors — the European Union lacks a unified strategy, caught between Germany’s push for renewables and France’s defense of nuclear energy.
However, soaring energy demand — driven by transport electrification, digitalization, and AI — could force EU nations to reassess their stance. The potential of Small Modular Reactors (SMRs) — quicker to build and with a smaller footprint — could be key to unlocking political consensus.
Which European Companies Could Benefit?
• EDF (France): The nuclear powerhouse of Europe.
• Siemens Energy (Germany): While focused on renewables, it's involved in SMR-related automation and control systems.
• Rolls-Royce (UK): Developing its own modular reactor line.
• Orano (France): A key player in the nuclear fuel cycle, from mining to recycling.
Conclusion: Europe Faces a Global Nuclear Crossroads
The U.S. push toward a new nuclear era — faster, tech-driven, and energy-secure — signals a paradigm shift that Europe cannot afford to ignore. In the face of mounting pressure to ensure a stable, clean, and sovereign energy supply, nuclear — particularly in modular form — is emerging as a highly strategic option.
While Washington accelerates with political support, public funding, and buoyant stock markets, Europe still struggles with a lack of consensus that could translate into medium-term energy competitiveness risks.
The opportunity? Strengthen cross-border cooperation, channel investment into SMR development, and back key players like EDF, Rolls-Royce, and Orano already poised to lead Europe’s nuclear transition.
If the continent wants to keep pace with the unfolding energy revolution, the time to act is now — because this nuclear renaissance won’t be about mega-reactors. It will be compact, agile… and global.
*******************************************************************************************
The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acting on the information provided does so at their own risk.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.