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Nuclear energy companies gain on Amazon's push for nuclear power to meet data center demand



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>BUZZ-Nuclear energy companies gain on Amazon's push for nuclear power to meet data center demand</title></head><body>

** Shares of uranium producers and nuclear power companies jump after Amazon.com AMZN.O signs three agreements on developing nuclear power technology called small modular reactors (SMR)

** While no U.S. SMRs exist yet, Amazon will have the right to purchase electricity from four modules

** Earlier this year, Amazon purchased a nuclear-powered data center from Talen Energy TLN.O

** "AMZNs announcement continues a string of positive events starting with the passing of the ADVANCE Act ... Nano Nuclear Energy NNE.O is developing 1-2MW SMRs and has secured capital and rapidly putting in place a strong team to lead its efforts" — Michael Legg, managing director of emerging growth equity research at The Benchmark Company

** NNE jumps 28.5%

** Nuclear energy-backed utilities Talen Energy Corp TLN.O, Vistra Corp VST.N, Dominion Energy D.N jump about 8%

** U.S. uranium miners Uranium Energy Corp UEC.A and Energy Fuels Inc UUUU.A rise 7% to 15%; Canada's Cameco Corp CCO.TO gains about 7.6%



Reporting by Khusbu Jena in Bengaluru

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