Rolls-Royce exceeded profit targets early, leading to a 15% stock increase and a £1 billion share buyback. CEO Tufan Erginbilgic drove the company’s turnaround by focusing on strategic progress, renegotiating contracts, and cutting waste, despite challenges with the Trent 1000 engines. Despite obstacles, Rolls-Royce is in a favorable position with opportunities in small modular reactors, data centres, defence, and the narrowbody airplane engine market in the future.
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Why Energy Fuels Rocketed Higher Today
Shares of uranium and rare earths miner Energy Fuels (NYSEMKT: UUUU) rose by 13.8% on Tuesday, driven by positive news. The company reported record monthly uranium production from one of its operational mines in May, and Meta Platforms (NASDAQ: META) signed a 20-year nuclear agreement with Constellation Energy (NASDAQ: CEG) to power its AI data centers, enhancing optimism for future uranium demand. These developments collectively contributed to the significant increase in Energy Fuels' stock price....
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