Over the past year, nuclear energy has gained significant traction, driving stock prices higher then S&P returns. Here’s why:
- AI & Data Centers: Rapid AI expansion requires scalable, clean power, making nuclear energy a preferred choice.
- Clean Energy Push: Governments are prioritizing carbon neutrality, with nuclear energy as a key focus. Incentives for nuclear projects are fueling growth.
- Energy Crisis & Geopolitical Tensions: Disrupted supply chains and rising energy demand (e.g., Russia-Ukraine conflict) have pushed countries toward reliable, clean energy like nuclear.
- Technological Advancements: Innovations like Small Modular Reactors (SMRs) have made nuclear energy safer and more affordable.
- Uranium Price Surge: Limited supply and growing demand have boosted uranium prices, benefiting producers.
5 Nuclear Stocks to Watch
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Cameco Corporation (CCJ) (~$60)
- Leading uranium producer with 12% global market share. High valuation (PE ~300) but benefits from uranium price growth.
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Vistra Energy Corp (VST) (~$154)
- Power producer with a mix of nuclear, Wind, and Solar. Stellar year-to-date return of ~300%.
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Constellation Energy Corp (CEG) (~$247)
- Competitor to Vistra, with a strong nuclear portfolio and a PE of 28. Increased by ~100% in the past year.
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NuScale Power Corp (SMR) (~$25)
- Focuses on Small Modular Reactors (SMRs), a game-changer for the sector. Competitors include Oklo and Kairos Power.
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BWX Technologies (BWXT) (~$129)
- Specializes in nuclear components and designs, key to reactor development.
Other Ideas?
Got a favorite pick in the nuclear space? Let’s chat—I’d love to hear your thoughts and dig into it together! 
