Goldman sees two beneficiaries of Trump’s nuclear executive orders

Goldman Sachs says President Trump on Friday signed executive orders to accelerate nuclear adoption in the United States. The orders include strengthening the domestic fuel cycle, funding for restarts, completion, uprates, and construction of nuclear plants, reforming national laboratory process for reactor testing, and streamlining environmental reviews, the analyst tells investors in a research note. Goldman anticipates these actions will be largely beneficial to the domestic build out of larger nuclear reactors as well as an acceleration of small modular reactors technology. It sees Cameco (CCJ) and Nuscale Power (SMR) as beneficiaries.