Uranium Stocks Are Rallying. Why NXE Got Initiated At Overweight.

Uranium stocks rallied on Monday after last week's sell-off. NexGen Energy (NXE) jumped on a Wall Street initiation. Nuclear SMR stocks, the makers of small modular reactors, like Oklo (OKLO), caught the tailwind as well. The nuclear and uranium complex rebounded sharply at the start of the trading week. The Global X Uranium ETF (URA) surged 3.1% in late morning…