Why Uranium Energy Stock Is Spiking Today
Shares of Uranium Energy (NYSEMKT: UEC) are flying higher on Tuesday. The company's stock spiked 11.8% as of 2:26 p.m. ET. The movement comes as the S 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite (NASDAQINDEX: ^IXIC) gained 0.4% and 0.6%, respectively.
Uranium Energy and nuclear stocks across the industry saw a boost after a major deal was announced between Meta Platforms and Constellation Energy.
The parent company of Facebook and Instagram announced on Tuesday that it has signed a 20-year agreement with Constellation to purchase roughly 1.1 gigawatts of energy from the nuclear company's Clinton Clean Energy Center in Illinois. That is the entire output from the Constellation site's nuclear reactor.
Source Fool.com
Meta Platforms Inc. Stock
€491.35
-3.610%
With 11 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
With a target price of 645 € there is a positive potential of 31.27% for Meta Platforms Inc. compared to the current price of 491.35 €.
