Why Centrus Stock Popped on Tuesday
The DOE is loaning Vistra $4.2 billion to produce more nuclear power. But what does that have to do with Centrus?
Overview
The U.S. Department of Energy announced it will loan nuclear power company Vistra Corp (NYSE:VST) $4.2 billion to finance nuclear plant upgrades "across Vistra's nuclear fleet in Pennsylvania and Ohio," igniting a rally in nuclear power stocks Tuesday.
Shares of Vistra soared more than 11% through noon ET. Centrus Energy (NYSE:LEU) did even better, running up 11.3%.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.