Why Oklo, Nano Nuclear, and NuScale Power Stocks All Dropped Today

It's Monday -- the day before Election Day -- and nuclear power stocks are in the dumps. Today's sell-off has almost nothing to do with the federal election, however -- but everything to do with federal bureaucrats.This morning, CNBC reported that the Federal Energy Regulatory Commission (FERC) denied a request on Nov. 1 that would have allowed electric power utility Talen Energy (NASDAQ: TLN) to increase the amount of power one of its nuclear plants in Pennsylvania supplies to a nearby data center operated by Amazon (NASDAQ: AMZN). The grid operator PJM Interconnection and the Susquehanna, Pennsylvania, plant (which Talen owns), had asked to increase the amount of power going to the Amazon data center from 300 megawatts (MW) currently to 480 MW. The plant is still allowed to route 300 MW for Amazon's needs.Amazon share prices are down 1.6% through 12:10 p.m. ET on the news, and Talen stock fell 4.5%. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool