Why Nano Nuclear Energy Stock Popped Wednesday

• Bank of America upgraded Nano Nuclear rival Oklo today.

• In Japan, TEPCO has reactivated its Kashiwazaki-Kariwa atomic reactor.

• Demand for atomic powerfulness marches onward, contempt the risks.

• 10 stocks we similar amended than Nano Nuclear Energy ›

Nano Nuclear Energy (NASDAQ: NNE) stock, a start-up shaper of tiny modular (nuclear) powerfulness reactors, gained 4.4% done 11:22 a.m. ET Wednesday.

A mates of affirmative developments for atomic investors whitethorn explicate why.

First, Bank of America upgraded Nano Nuclear rival Oklo (NYSE: OKLO) to bargain this morning. BofA expert Dimple Gosai referenced Oklo's caller declaration with Meta (NASDAQ: META), nether which Meta volition wage successful beforehand for powerfulness that Oklo volition aboriginal produce, giving Oklo the currency it needs to physique the SMR reactors to proviso the power.

Gosai argued that atomic investors person been looking for "tangible grounds precocious atomic is moving from conception to execution," and says "this statement provides precisely that."

Separately, implicit successful Japan, "the world's largest atomic powerfulness plant" conscionable reopened for business. For the archetypal clip since the 2011 Fukushima atomic disaster, Fukushima relation Tokyo Electric Power Company Holdings (TEPCO) has restarted reactor No. 6 astatine its Kashiwazaki-Kariwa atomic powerfulness plant.

(In fact, arsenic ABC News points out, Japan has softly reopened nary less than 14 abstracted reactors successful caller years. It besides has six different reactors astatine Kashiwazaki-Kariwa that whitethorn besides beryllium restarting.)

What does each this person to bash with Nano? Well, reopening a atomic works -- adjacent successful "quake-prone" Japan -- highlights the rising request for atomic powerfulness for information centers. Nano Nuclear reactors should payment from this demand, particularly arsenic they're "advanced nuclear" designs -- better, safer, and smaller successful size. The Oklo upgrade besides indicates they're becoming much popular.

I'd inactive similar to spot Nano Nuclear gain immoderate nett earlier investing successful it. Unfortunately, according to analysts polled by S&P Global Market Intelligence, that won't hap earlier 2033 astatine the earliest.

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