Nuclear stocks rallied Wednesday after the U.S. Army launched a program to deploy small reactors.
Shares of NuScale, a small reactor developer, soared 17%. Oklo and Nano Nuclear were up nearly 7% and 4%, resepectively. The uranium company Centrus was up 13%.
The U.S. Army on Tuesday launched a program to build micro nuclear reactors in partnership with the Defense Innovation Unit. The microreactors will be commercially owned and operated with the goal of helping developers scale up their businesses, according to the Army.