URA News & Analysis
2 articles
Market Mood
NuScale Power (SMR) Up 4%, Oklo (OKLO) Rises 3% Amid Risk Appetite
NuScale Power (SMR) stock increased by 4% to $9.65, while Oklo (OKLO) climbed 3% to $42.76 as risk appetite returned to the market. Despite this, both companies remain down 35% to 42% year to date. Uranium Energy (UEC) also saw a modest increase of 1% to $13.28. The movements in these speculative reactor developers reflect broader market trends, rather than specific catalysts affecting their respective stocks, indicating investor positioning in response to changing market sentiment.
Read More: NuScale Power (SMR) Up 4%, Oklo (OKLO) Rises 3% Amid Risk Appetite
URA ETF Down 0.56% Despite $17.5 Billion DOE Commitment
The U.S. Department of Energy has committed $17.5 billion to support 10 new Westinghouse reactors. However, the Global X Uranium ETF (URA) is down 0.56% year to date, while the VanEck Uranium and Nuclear ETF (NLR) is down 8.31%. URA has about $7.81 billion in net assets and an expense ratio of 0.69%. The gap between government support and ETF performance raises concerns for investors relying on these funds for exposure to the nuclear sector, especially given URA’s heavy reliance on Cameco, which accounts for 22.18% of its holdings.
Read More: URA ETF Down 0.56% Despite $17.5 Billion DOE Commitment