While not the same as the 32. 4% gain it logged in May, the rise in Nano Nu Energy (NNE 1. 73%) stock last month was undoubtedly well received among investors.
According to data from S&P Global Market Intelligence, Nano Nu Energy stock shot 14. 5% higher in June.
President Trump's support for the nu energy industry helped earlier in the month to buoy the company that's micro-small modular reactors (SMRs), while momentum toward the passage of the One, Big, Beautiful Bill vided incentive for investors to click the buy button at the end of June.
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Forget solar and wind: Trump's favorite clean energy is nu Nano Nu began June with the wind at its back, thanks to the executive order that Trump signed in late May meant to spur development of the domestic nu energy industry.
In addition to advancing the development of next-generation nu energy assets that can shore up infrastructure that supports artificial intelligence (AI) -- such as data centers -- the executive order seeks to remove a lot of the regulatory hurdles that are challenging SMR companies such as Nano Nu.
As June rolled along, it became increasingly er that the Democrats would be unable to thwart the passage of the One, Big, Beautiful Bill -- legislation that was well received by the nu energy industry.
Upon the Senate's apval of the legislation, in fact, Maria Korsnick, president and CEO of the Nu Energy Institute, applauded the bill that "allows us to continue down the path to achieve the administration's ambitious goals for deploying new, cutting-edge nu nologies that will meet the growing demand for more reliable energy.
" Whereas the nu power duction tax credit was set to expire at the end of 2031, the Senate version of the budget reconciliation bill extends the nu power duction tax credit through 2032.
Plus, the bill extends the tax credits for new nu generation through 2033. With all this political goodwill, should investors power their portfolios with Nano Nu now. Although it seems as if the U.
Is one the verge of entering a nu energy renaissance, it's important to acknowledge that Nano Nu is still far away from bring one of its SMRs to market.
Moreover, it's unly that the company will start generating revenue anytime in the foreseeable future.
For the time being, nu energy-focused investors would be better advised to consider one of the other leading SMR companies.
On the other hand, those who are looking to reduce their exposure to risk would ly be more comfortable with a nu energy ETF. Scott Levine has no position in any of the stocks mentioned.
The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.