Energy prices sit at the heart of current inflation debates, with higher oil and power costs feeding into transport, housing and broader price pressures. That keeps attention on sources of reliable, low carbon baseload power such as nuclear energy stocks. For investors, this theme offers exposure to a critical part of global energy systems. This article highlights three nuclear energy stocks from our screener to consider for further research.
The stocks covered below are just a small sample of the opportunities in nuclear energy, with the full screen surfacing 297 more companies with equally compelling narratives that are not included in this article. To go wider and identify your own highest conviction ideas, head straight to the Nuclear Energy Stocks screener to filter and analyze nuclear energy stocks that fit your criteria.
NuScale Power (SMR)
NuScale Power develops small modular reactor technology, centered on its 77 MWe NuScale Power Module and a full suite of services that span licensing, design, construction, operations and maintenance for nuclear power plants. The company currently generates all of its roughly US$11 million in revenue from electric utility related services. NuScale Power has a market cap of about US$4.1b.
NuScale Power sits at the center of the SMR theme, with the only NRC certified design, a deep pipeline of discussions with TVA, ENTRA1 Energy and Romania’s RoPower project, and around US$1.9b in liquidity to fund commercialization. At the same time, the company is still pre profit, relies on external funding and has seen shareholder dilution, so future returns depend heavily on securing binding PPAs and moving from engineering work to long term revenue contracts. For investors seeking exposure to nuclear energy infrastructure with potential ties to data center demand and global decarbonization, NuScale Power may be a story to monitor closely.
NuScale Power sits at the center of the SMR story, yet the real question is how its certified design and US$1.9b liquidity balance against funding needs and dilution risk. Get the fuller picture with the 1 key reward and 3 important warning signs (1 is major!)
Build your own nuclear energy shortlist
NuScale Power and the two other stocks in this article all came from the same Simply Wall St screener, but the real edge is in building a set of filters that fits your own approach. Use our customisable Screener to mix valuation, growth, balance sheet and risk criteria, or lean on our curated Investing Ideas for ready made starting points.
Oklo (OKLO)
Oklo is developing compact fission power plants, branded as Aurora Powerhouses, aimed at supplying between 15 and 75 megawatts of electricity directly to customers such as data centers rather than just selling reactors. The business is still pre revenue, with no meaningful segment breakdown disclosed, so the story today is about future contracts rather than current cash flows. Even at this early stage, Oklo carries a market cap of about US$8.4b.
Oklo stands out because it is targeting long term electricity contracts for AI hungry data centers, backed by recent milestones such as first criticality at the Groves Isotope Test Reactor and early revenues of about US$1.2 million in Q2 2026, all supported by roughly US$3b of cash and equivalents. At the same time, the company reported a US$33 million loss, is forecast to remain unprofitable, and relies on external funding and ongoing shareholder dilution, which leaves investors exposed if projects slip or contracts do not translate into durable earnings. If you are looking at nuclear energy stocks tied to the data center build out, Oklo may be best described as a high potential but high risk story that rewards close attention.
Oklo’s pitch of long term AI data center power on a roughly US$3b cash base raises big questions about how risk and reward stack up from here. Get the full story in the 1 key reward and 6 important warning signs (1 is major!)
GE Vernova (GEV)
GE Vernova is an energy company focused on generating, transmitting and managing electricity through three segments. Power is the largest, bringing in about US$21b, followed by Electrification at roughly US$12.2b and Wind at around US$8.5b. The company has a market cap of roughly US$277b, which puts it among the largest listed power infrastructure stocks globally.
GE Vernova is drawing interest because it sits at the center of AI driven electricity demand, with a large installed base of gas turbines, a US$176b backlog and increasing orders for grid equipment that supports data centers and electrification. Earnings and margins have improved sharply, supported by Power and Electrification performance and a high current ROE. However, a large one off gain and significant reliance on borrowing mean investors may need to look beyond headline numbers. The challenges in the Wind segment and recent insider selling also raise questions about the quality and durability of current results, which makes GE Vernova a stock where the potential upside is notable but the underlying details are important.
Surging interest in AI hungry power makes GE Vernova’s story hard to ignore, yet the real signal sits beneath the headline backlog and ROE figures. Get the full context in the 4 key rewards and 2 important warning signs
Seeking Fresh Stock Ideas Beyond Nuclear?
New themes can move from quiet to flying under the radar in a heartbeat. Check these curated stock sets before momentum gets fully caught by the crowd and consider acting before conditions change.
- Spot potential income workhorses by reviewing a curated lineup of reliable payers in the 11 dividend fortresses, while yields still look compelling and coverage remains front and center.
- Target future-facing infrastructure trends by scanning the 55 AI infrastructure stocks before capital chases the same projects and the balance between risk and reward shifts.
- Hunt for resilient balance sheets using the hand-picked list of solid balance sheet and fundamentals (49 results) and focus on businesses with cash and debt profiles that may still be overlooked.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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