The House Passes Bill to Shield Consumers From Data Center Costs. These Nuclear Stocks Should Win
Data center companies now have an incentive to source their own power.
On September 16, the U.S. House of Representatives voted 417 to 3 to pass the Ratepayer Protection Act. This bipartisan bill, if enacted, could boost several industries, particularly certain nuclear stocks. The primary goal of the act is to shield consumers from the rising costs of data center construction as AI companies expand compute capacity.
However, the bill still needs to pass the Senate and receive presidential approval. If passed, it could have a significant impact on the nuclear industry, especially for small modular reactor (SMR) stocks like NuScale Power (NYSE:SMR) and Oklo Inc. (NYSE:OKLO). Oklo, which sells directly to AI companies, may have a slight advantage over NuScale, which typically targets utilities.
Other nuclear-related stocks such as Vistra Corp. (NYSE:VST) and GE Vernova Inc. (NYSE:GEV) could also benefit from the increased demand for independent power generation sources due to data centers.
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