NextEra Energy, Inc. (NYSE: NEE) and Google have announced a landmark agreement to restart the Duane Arnold Energy Center in Iowa—the state’s only nuclear facility—to help meet soaring U.S. electricity demand driven by artificial intelligence (AI) and data center growth. The 615-MW plant, located near Cedar Rapids, is scheduled to return to full operation by the first quarter of 2029, pending regulatory approval. Under the 25-year agreement, Google will purchase a significant portion of the plant’s output ...

Core Viewpoint - Canaccord Genuity initiated coverage on Oklo Inc. with a Buy rating and a price target of $175.00, based on a discounted cash flow model extending to 2050 [1] Company Summary - Oklo's reactor development projects are expected to be primarily financed through debt, supported by investment tax credits, which could enhance long-term returns on capital with limited equity dilution [1] - The company is positioned as a vertically integrated distributed nuclear energy provider, capable of reshaping the nuclear energy sector [3] Industry Summary - There is a growing global demand for clean, baseload power, with predictions that nuclear generation will represent a larger share of the energy mix in the coming decades [3] - Canaccord applied a weighted average cost of capital slightly above 7% and a long-term growth rate of roughly 6%, acknowledging concerns about potential overvaluation in AI-related markets while emphasizing Oklo's strategic position in the expanding nuclear energy landscape [2]