Trump administration pours billions into nuclear incentives as beneficiaries’ shares slide
The Trump administration has continued to channel large incentives into the nuclear industry, including a newly announced $4.2 billion federal loan to Ohio nuclear plant operator Vistra. Nuclear-related stocks have not rallied on the policy support, with Vistra down 9% year-to-date. Cameco and Brookfield Asset Management are also down 3% and 15% year-to-date, respectively. Investors have appeared unmoved by the announcements, with shares in several cases falling after the incentives were revealed.