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BUZZ-US power companies rebound after previous session's AI-linked slide

ReutersJan 28, 2025 10:30 AM

Shares of U.S. power and equipment companies rise premarket following a selloff in artificial intelligence-linked stocks on Monday

U.S. power, utility, and natural gas companies saw significant drops on Monday, as new AI technology from Chinese startup DeepSeek raised doubts about future U.S. electricity demand and tech spending

However, global energy shares recovered some poise on Tuesday, with independent power provider Constellation Energy CEG.O, whose shares had shot up about 100% in 2024, rising 4.5%

Vistra VST.N rises 5.3% and rival Talen Energy Corp TLN.O advances 3.3%

GE Vernova GEV.N, which last week reported growing demand for its gas turbines and grid equipment and services, gains 3.2%

Sam Altman-backed nuclear startup Oklo Inc OKLO.N up 5.1%

Smaller companies NuScale Power SMR.N up 5.23% and Nano Nuclear Energy NNE.O rises 7.7%

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