Nano Nuclear Energy stock surged almost 25% this week due to proposed nuclear tax credit extensions

From Yahoo Finance: 2025-06-20 14:39:00

Nano Nuclear Energy (NASDAQ: NNE) stock surged due to Senate committee interest in changes to favor the industry. Nano’s share price increased by nearly 25% week to date. Proposed changes include extending nuclear tax credits, with a new expiration date of Dec. 31, 2036. President Trump’s support for nuclear power is contributing to the positive sentiment.

The “Big, Beautiful Bill” proposes adjustments to federal budget reconciliation, including changes to tax credits for energy producers. Some power-generation technologies may see expiration date adjustments, with nuclear energy receiving an extension. Despite controversy, strong support for nuclear power is evident, benefiting companies like Nano.

While the bill’s fate is uncertain, the proposal showcases ongoing support for nuclear power. Investors considering Nano Nuclear Energy should note it wasn’t among the 10 stocks recommended by Motley Fool Stock Advisor. The top 10 stocks identified by the analyst team could offer significant returns in the future, with an average return of 995%.

Stock Advisor’s average return of 995% outperforms the S&P 500’s 172%. Investors can access the latest top 10 list by joining Stock Advisor. The returns mentioned are as of June 9, 2025. Analysts caution that while Nano Nuclear Energy saw a positive week, investors should consider all factors before making investment decisions.



Read more at Yahoo Finance: Why Nano Nuclear Energy Stock Was Red-Hot This Week