Shares of nuclear power companies closed higher on Friday after U.S. President Donald Trump signed executive orders seeking to jumpstart the industry.

Nuclear energy stocks soared Friday ahead of the prospective signing of executive orders by President Donald Trump. The new orders are expected to kickstart the production of nuclear power in the U.S.

President Trump is set to sign executive orders to boost the nuclear energy industry by streamlining reactor approvals and reinforcing fuel supply chains, leading to a surge in nuclear stocks.