The U.S. government has imposed tariffs on solar panel imports in an effort to protect domestic manufacturers from foreign competition. This decision comes after complaints from American companies about unfair practices in countries like China. While the move is intended to support the struggling U.S. solar industry, critics argue that it could lead to higher prices for consumers and hinder the growth of renewable energy.
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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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