From Yahoo Finance: 2025-06-03 14:55:00

Meta Platforms signed a 20-year deal with a nuclear energy provider to use the entire output of a nuclear plant in Illinois. Uranium Energy and other nuclear stocks saw a boost as investors anticipate more deals like this. Shares of Uranium Energy spiked 11.8% following the news.

The parent company of Facebook and Instagram, Meta Platforms, announced a 20-year agreement with Constellation to purchase 1.1 gigawatts of energy from a nuclear reactor in Illinois. This deal highlights big tech’s interest in nuclear energy to power data centers for AI models.

Uranium Energy’s stock rose on news of Meta’s deal, indicating investor confidence in more deals and increased uranium demand. The company is seen as a strong addition to a diversified portfolio due to its growth potential in the uranium sector.

The Motley Fool Stock Advisor team identified 10 stocks for investors to buy now, excluding Uranium Energy. The past returns of their recommendations show significant growth potential compared to the S&P 500. Stock Advisor has a total average return of 987%.

Randi Zuckerberg, former director of Facebook and sister to Meta’s CEO, is a member of The Motley Fool’s board of directors. The Motley Fool has positions in Meta Platforms and recommends Constellation Brands. The publication has a disclosure policy regarding stock recommendations.

Read more: Why Uranium Energy Stock Is Spiking Today