Boss Energy rose nearly 7% after Meta secured a 20-year nuclear energy deal in the United States, driving optimism across the uranium sector.
(AI video summary)
This video was created on 4 June 2025 for IG audiences by ausbiz.
Boss Energy climbed 6.9% to $4.04 after Meta Platforms signed a 20-year deal to source nuclear energy from Constellation Energy in the United States (US). The agreement may include an additional reactor and marks Meta’s biggest energy deal to date.
The news boosted uranium miners broadly, with Boss Energy leading gains on the Australia 200 (ASX 200).
Meta’s long-term power play highlights rising demand for stable, low-emission energy. It follows policy support from former US president Donald Trump, who pledged faster nuclear approvals.
While Canadian giant Cameco trades near record highs, Australian uranium miners like Paladin Energy and Boss have lagged. Analysts say a catch-up is likely, with Boss seen as the most fundamentally attractive.
Boss Energy recently broke out above $3.60 after showing bullish divergence on the relative strength index (RSI), where momentum rises while share price falls - a typical reversal signal.
The stock has since moved higher, confirming strength.
Uranium’s long-term price sits around US$80 per pound, but analysts expect it could rise to US$120 before many smaller producers return. Boss, with its South Australian operations near BHP, is well placed to benefit.
Analysts reaffirmed their 'buy' ratings, noting the stock’s strong fundamentals and technical setup.
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