Core Insights - Nuclear stocks surged significantly on Friday, with Oklo Inc rising nearly 19%, Vistra Energy up over 16%, NuScale Power increasing by nearly 13%, and NANO Nuclear Energy gaining over 11% [1] - Meta announced agreements with three nuclear power suppliers: Oklo, Vistra, and TerraPower, to purchase electricity from their nuclear plants, which will help fund the expansion and extend the operational life of these facilities [1] Group 1 - Meta's agreements will provide up to 6.6 gigawatts of nuclear power capacity by 2035, positioning the company as one of the largest corporate nuclear power purchasers in U.S. history [2] - The operational licenses for the nuclear plants involved are valid until at least 2036, with one reactor at Beaver Valley authorized to operate until 2047 [1]

Group 1 - Oklo's stock rose nearly 22% in pre-market trading following an agreement with Meta, Vistra, and TerraPower to jointly fund nuclear power projects in Ohio and Pennsylvania [1] - The total pre-market trading volume for Oklo was 71,300 shares, with a highest price of $121.00 and a lowest price of $97.50 [1] - The significant increase in stock price reflects positive market sentiment towards the collaboration on nuclear energy initiatives [1] Group 2 - The collaboration aims to enhance the development of nuclear power projects, indicating a strategic move towards sustainable energy solutions [1] - The agreement highlights the growing interest and investment in nuclear energy as a viable alternative to traditional energy sources [1] - This partnership may position the involved companies favorably in the evolving energy market, potentially leading to increased revenue and market share [1]

Core Insights - Meta Platforms has entered into 20-year agreements to purchase power from three Vistra nuclear plants located in the U.S. heartland [1] - The company is also collaborating with two firms that are working on developing small modular reactors [1] Group 1 - Meta Platforms aims to secure long-term energy supply through these agreements, indicating a strategic move towards sustainable energy sources [1] - The partnerships with companies focused on small modular reactors suggest a commitment to innovative energy solutions and diversification of energy sources [1]

Core Insights - Meta has announced agreements with three nuclear power providers to support its AI ambitions, including Vistra, TerraPower, and Oklo [1][2] - The projects are expected to add 6.6 gigawatts of power by 2035, surpassing New Hampshire's total demand [3] - Meta's Prometheus supercluster computing system is a key component of its advanced AI development, expected to be operational by 2026 [2][4] Group 1: Agreements and Projects - Meta's agreements with the three nuclear companies aim to secure energy for its Prometheus supercluster computing system [2] - The company will help fund Vistra's nuclear power plants in Ohio and Pennsylvania, enhancing their energy production [4] - TerraPower's projects, funded by Meta, could start generating power by 2032, with potential rights for additional energy from other projects by 2035 [6] Group 2: Job Creation and Industry Impact - The agreements are projected to create thousands of construction jobs and hundreds of long-term operational jobs [4] - Meta's initiatives align with broader industry efforts, as it, Amazon, and Google pledged to triple global nuclear energy production by 2050 [5] Group 3: Strategic Partnerships - OpenAI CEO Sam Altman is a significant investor in Oklo, which is developing advanced nuclear technology [7] - Altman has stepped down from Oklo's board to facilitate customer acquisition with competing companies [7]

Core Insights - Vistra has entered into 20-year power purchase agreements (PPAs) to provide over 2,600 megawatts of zero-carbon energy to support Meta's operations, marking the largest nuclear uprates supported by a corporate customer in the U.S. [1][2] - The agreements will enhance local economic development, protect existing jobs, and create new employment opportunities while increasing the energy output of three Vistra nuclear plants [1][5][6] Company Developments - The PPAs include 2,176 MW of operating generation and an additional 433 MW from power output increases, with the full capacity expected to be online by 2034 [1][3] - Vistra plans to pursue subsequent license extensions for all three plants, potentially extending operations for another 20 years [1][4] Economic Impact - The nuclear plants have historically contributed significantly to local economies, generating tens of millions of dollars in state and local taxes annually, alongside charitable contributions and community involvement [5] - The uprate projects are expected to create approximately 3,000 project-related jobs over nine years, enhancing the economic impact around the plants [6][7] Political Support - Local and state officials have expressed strong support for the agreements, highlighting their importance for job creation, economic growth, and energy security in Ohio and Pennsylvania [8][9][10][11][12][13] Plant Details - The three plants involved are Perry (1,268 MW), Davis-Besse (908 MW), and Beaver Valley (1,872 MW), collectively providing thousands of permanent, well-paying jobs [14]

Summary of Conference Call on Nuclear Power Panel with SMR and Holtec Industry Overview - The conference focused on the nuclear power sector, specifically small modular reactors (SMR) and clean energy opportunities presented by Holtec International and NuScale Power [1][2]. Key Points from NuScale Power (SMR) Market Outlook - SMR anticipates 2025 as a pivotal year with the receipt of Standard Design Approval (SDA) for its 77 MW module from the NRC and a ~5.5 GW agreement with TVA through partner Entra1 [2]. - The company aims to finalize a firm Power Purchase Agreement (PPA) in 2026, viewing it as critical due to increasing competition in the SMR market [2][3]. Customer Relationships - SMR is leveraging its partnership with Entra1 to enhance customer relationships and has existing agreements with TVA and RoPower [3]. - The company plans to submit a Combined Operating License Application (COLA) and commence Front-End Engineering Design (FEED) efforts post-PPA, targeting electricity generation by 2030 [3]. Supply Chain and Funding - SMR is collaborating with Doosan to manufacture its first 12 modules [4]. - The company is a potential beneficiary of $25 billion in funding from the US/Japan trade deal to advance its SMR design [4]. Key Points from Holtec International Market Outlook - Holtec is active in various nuclear value chain aspects and had a successful 2025, with strong results across business units, except for decommissioning [7]. - The company plans to restart the Palisades reactor in Michigan in 2026 and has entered a $600 million contract with Taiwan for two dry storage facilities [7]. Restart Opportunities - Holtec is responsible for four decommissioning projects and sees potential to restart the Indian Point reactor, which could provide about 2 GW of power, contingent on political and local support [8]. SMR Development - Holtec has been developing its SMR 300 design since 2011, focusing on Pressurized Water Reactor (PWR) technology [9]. - The company aims to deploy its first reactor at Palisades and has started the formal regulatory review process with the NRC [9]. - Holtec received a $400 million grant from the DOE to support its SMR design development and is in advanced discussions with customers for commercial offtake in the first half of 2026 [9]. Valuation and Risks for SMR - SMR is rated Neutral with a 12-month price target of $23, based on a 50/50 weighting of DCF and EV/Sales estimates [10]. - Key risks include execution risk, customer relationships, cash burn, financing needs, delivery costs for modules, competition, and licensing challenges [10]. Additional Notes - Holtec International is a private company, and specific disclosures regarding its operations were not provided [11]. - The conference highlighted the growing interest in nuclear applications among utilities, indicating a potential shift in market dynamics [9].

Core Viewpoint - NuScale Power, a developer of small modular reactors (SMRs), has experienced significant stock volatility since going public in May 2022, with potential for substantial long-term gains for investors [1] Company Overview - NuScale's SMRs are designed to be 15 feet wide and 76 feet tall, allowing for pre-fabrication and on-site assembly, which reduces construction time, labor, and costs [2] - The company is the only one to have received Standard Design Approvals (SDAs) from the U.S. Nuclear Regulatory Commission (NRC) for its SMRs, with approvals for both 50 MWe and 77 MWe designs [3] Market Potential - The modular design of NuScale's reactors allows for scalable nuclear power plants with smaller footprints, which is increasingly relevant due to the growing demand from cloud computing, high-performance computing, and artificial intelligence sectors [4] Challenges Faced - NuScale abandoned its initial plan to deploy six 77 MWe SMRs in Idaho due to high costs and has laid off 40% of its workforce in response to financial pressures [5] - Currently, the company generates revenue primarily as a subcontractor for Fluor's construction of a 462 MWe plant in Romania, which is still in the front-end engineering and design phase and awaiting a final investment decision [6] Stock Performance - NuScale's stock has declined over 60% from its all-time high, and while it appears expensive relative to near-term growth potential, there is optimism for stock appreciation as the company deploys its first commercial reactors [7] - The company has agreements to deploy up to six gigawatts of SMR capacity for the Tennessee Valley Authority, but these plants are not expected to be fully operational until 2032 [8]

Core Viewpoint - The Trump administration is pursuing an aggressive nuclear energy expansion plan to ensure the U.S. maintains a competitive edge in the artificial intelligence (AI) race, despite facing skepticism regarding the feasibility of its ambitious goals [1] Group 1: Nuclear Energy Expansion Plans - The administration aims to quadruple the nation's nuclear power capacity by 2050, but faces challenges such as high construction costs, regulatory hurdles, and financial risks perceived by the private sector [1] - A partnership worth $80 billion has been signed with Brookfield and Westinghouse to build eight large nuclear power plants, alongside efforts to restart several decommissioned plants with billions in loans [1][2] Group 2: Market Response and Economic Viability - Major tech companies like Microsoft, Google, and Amazon have shown initial support by signing long-term power purchase agreements or investing in small modular reactors (SMRs) [2] - However, experts warn that the fundamental economic logic of nuclear power remains unchanged, with costs still higher than other energy sources, leading to concerns about the sustainability of the nuclear revival [2] Group 3: Historical Context and Cost Concerns - Historical data indicates that achieving the proposed capacity increase would require an annual addition of 15 gigawatts (GW) starting in 2030, surpassing previous records [3] - The Vogtle plant's construction delays and cost overruns serve as a cautionary tale, with costs reaching $15,000 per kilowatt, significantly higher than international benchmarks [3] Group 4: Financing and Government Involvement - To address financing challenges, the government is introducing new partnership models, including a deal with Brookfield that involves significant investment from the Japanese government [4] - Analysts question whether data center operators will be willing to underwrite these costly investments without government guarantees, especially amid rising public concern over electricity affordability [4] Group 5: Small Modular Reactors (SMRs) and Regulatory Challenges - The administration is also focusing on SMRs to lower initial capital requirements, with several startups receiving substantial venture capital [5] - However, no SMR has yet received operational approval from the U.S. Nuclear Regulatory Commission (NRC), complicating the rollout of this technology [5] Group 6: Regulatory Environment and Future Outlook - The push to relax regulations has sparked internal backlash within regulatory bodies, with former NRC officials expressing concerns about increased accident risks [6] - Despite ongoing skepticism, some experts believe that current government subsidies and rising energy demands create a unique financing environment for nuclear energy, differing from past attempts at nuclear revival [6]

Group 1 - Oklo Inc. (NYSE:OKLO) experienced a significant share price increase of 33.48% from December 30, 2025, to January 6, 2026, making it one of the top-performing energy stocks for that week [1] - The company, supported by OpenAI's Sam Altman, focuses on developing advanced fission power plants aimed at providing clean, reliable, and affordable energy at scale in the United States [2] - On January 5, 2026, Oklo Inc. was highlighted among small modular reactor (SMR) stocks following news that the US House of Representatives' Energy subcommittee would begin reviewing the nuclear sector's current status, with hearings planned to support nuclear power plant deployment [3] Group 2 - The Energy Subcommittee Chair and Full Committee Chair emphasized the importance of discussing the nuclear industry's current state, including licensing and deployment, to support growth essential for meeting energy and security needs [4] - In 2025, Oklo Inc. gained significant investor attention, particularly due to multiple contracts awarded by the Department of Energy, resulting in an impressive stock gain of 238% for the year [5]

Core Viewpoint - Terrestrial Energy Inc. is set to participate in the 28th Annual Needham Growth Conference, highlighting its focus on small modular nuclear power plants utilizing Generation IV reactor technology [1][2]. Company Overview - Terrestrial Energy is developing Generation IV nuclear plants featuring the proprietary Integral Molten Salt Reactor (IMSR), which aims to enhance capital efficiency, reduce costs, and provide versatile energy solutions [3]. - The IMSR technology is designed for distributed supply of low-cost, reliable, and clean energy, applicable in various industrial sectors such as petrochemicals and data centers [3]. - The company is actively engaging with regulators, suppliers, and industrial partners to build and license the first IMSR plants, targeting deployment in the early 2030s [3].