The Nernst effect in metals is highly sensitive to two kinds of phase
transition: superconductivity and density-wave order. The large positive Nernst
signal observed in hole-doped high-Tc superconductors above their transition
temperature Tc has so far been attributed to fluctuating superconductivity.
Here we show that in some of these materials the large Nernst signal is in fact
caused by stripe order, a form of spin / charge modulation which causes a
reconstruction of the Fermi surface. In LSCO doped with Nd or Eu, the onset of
stripe order causes the Nernst signal to go from small and negative to large
and positive, as revealed either by lowering the hole concentration across the
quantum critical point in Nd-LSCO, or lowering the temperature across the
ordering temperature in Eu-LSCO. In the latter case, two separate peaks are
resolved, respectively associated with the onset of stripe order at high
temperature and superconductivity near Tc. This sensitivity to Fermi-surface
reconstruction makes the Nernst effect a promising probe of broken symmetry in
high-Tc superconductors