Another $80 billion proposal between Cameco and Brookfield Asset Management would have handed the US government 20% of future profits or equity in the public-private partnership.
Cameco stock has declined 3% YTD.
Despite a 22% boost in its stock price when that deal was announced in October, its shares are 12% lower today than the date of that deal. Brookfield Asset Management, the second party to that deal, has lost 15% YTD, and has performed even worse when measured from the October announcement date.
On October 29, Nuclear power company NuScale said its private partner ENTRA1 Energy stands to receive up to $25 billion of US-Japanese investment under Trump’s international trade deal. Politico described ENTRA1 as a three-year-old startup with a skeleton staff.
NuScale’s stock is down 81% since that announcement.
Trump and Melania’s coins are down over 95% from ATHs
Trump nuclear incentives precede lower stock prices
In November 2025, publicly-traded Constellation Energy secured a $1 billion loan to restart its Crane nuclear plant in Pennsylvania.
Its stock is down 19% since that news.
In December 2025, Holtec, which owns a nuclear plant in Michigan, received a $400 million award from the Energy Department after drawing at least six disbursements from a $1.52 billion guarantee that the Biden administration finalized.
Holtec then suspended its IPO for retail shareholders this month.
On January 6, 2026, Centrus Energy won a $900 million uranium enrichment task order from the US Energy Department.
Its shares are down 54% since it received that Trump administration contract.
On June 23, the Energy Department offered a conditional $17.5 billion loan for equipment on 10 Westinghouse reactors, co-owned by Cameco.
Cameco stock is down 15% since that date.
On August 17, X-energy learned that it will receive another $1 billion in Energy Department cost-sharing for nuclear generators. X-energy priced its April IPO at $23 per share, and the stock now trades below $15.
It’s also 10% below its intraday high on the day it received that $1 billion Trump administration incentive.
On August 26, Trump’s US Army awarded up to $2.2 billion to nuclear microreactor builders, including BWX Technologies.
BWX Technologies stock has traded flat since that news, after losing more than 20% YTD.
On September 8, NextEra Energy closed on a federal loan of up to $1.9 billion in September to restart Iowa’s only nuclear power plant.
NextEra stock is already down 7% within four weeks.