US durable goods orders rose solidly in July, led by transportation and capital goods. That points to ongoing investment in long lived assets and energy hungry infrastructure. For nuclear energy stocks, that context can keep reliable baseload power in focus for investors who care about both stability and sustainability. This article highlights three stocks from the Nuclear Energy Stocks screener that help frame this opportunity.
The nuclear energy stocks covered below are just a starting sample, and the full screen surfaced 56 more companies with equally compelling narratives that are not included in this article. To identify and analyze the highest conviction ideas in this theme, head straight into the Nuclear Energy Stocks screener.
Cameco (TSX:CCO)
Overview: Cameco is a major supplier of uranium concentrate and related fuel services that power commercial nuclear reactors worldwide, and it also owns a large stake in Westinghouse, which designs and services nuclear reactors. Together, these businesses give Cameco a direct role across both the fuel and technology sides of nuclear power generation.
Operations: Cameco generates most of its revenue from its Uranium segment at about CA$2.9b and its Westinghouse segment at about CA$3.4b, with an additional CA$551 million from Fuel Services.
Market Cap: CA$64.4b
Investors looking at nuclear energy as a long term power source may find Cameco interesting because it combines large scale uranium production with exposure to Westinghouse reactor technology and services. The company is tightly linked to uranium demand, and recent results show how sensitive earnings can be when uranium sales soften or Westinghouse contributions dip. Margins and return on equity are still catching up, and the stock trades on a premium valuation that reflects expectations for stronger uranium pricing and steady project progress. Cameco’s position depends in part on contracting activity in uranium and developments in the AP1000 reactor pipeline, alongside project, execution, and financing risks that investors may want to consider carefully.
Cameco’s mix of uranium production and Westinghouse exposure can make the stock feel priced for perfection; yet the real story may hinge on a few underappreciated levers in the analysis report for Cameco
Bird Construction (TSX:BDT)
Overview: Bird Construction is a Canadian contractor that builds and maintains complex industrial, building, and infrastructure projects, including heavy civil and modular work for nuclear facilities. Its role in site preparation, earthworks, underground utilities, foundations, and steel or modular construction ties the company directly into the nuts and bolts of nuclear power projects, even though nuclear is just one part of a broad construction portfolio.
Operations: Bird Construction generates all of its CA$3.7b in revenue from the general contracting sector of the construction industry in Canada.
Market Cap: CA$3.6b
Bird Construction gives investors a way to access nuclear energy growth through the infrastructure that makes reactors possible, rather than uranium production itself. The company has a record backlog near CA$12b and recent project awards across nuclear, data centers, and large civil works. These factors can support earnings momentum if projects move from award to execution as planned. At the same time, profit margins are thin, recent earnings growth has been volatile, and the P/E multiple is high compared with construction peers. Execution missteps or project delays could therefore have a negative impact. If Bird converts its nuclear related civil work and modular capabilities into consistently higher margins, there is more to unpack in how durable that opportunity might be.
Bird Construction’s thin margins and high P/E suggest something in the story is still being misread. Get the full picture on how its nuclear and infrastructure backlog could reshape earnings in the analysis report for Bird Construction
Energy Fuels (TSX:EFR)
Overview: Energy Fuels is a uranium producer that explores, develops, processes, and sells uranium concentrate used as fuel for nuclear reactors, primarily in the United States. Alongside this core nuclear business, the company is building a position in rare earth elements, vanadium, and heavy mineral sands through its White Mesa Mill and related projects.
Operations: Energy Fuels currently generates essentially all of its reported segment revenue of about US$106 million from its Uranium segment, with no separate geographic breakdown disclosed.
Market Cap: CA$5.5b
Energy Fuels gives investors direct exposure to uranium supply for nuclear power, with the added element of a rare earth platform tied to clean energy and high-tech magnets. The appeal is the combination of low-cost uranium projects such as Pinyon Plain, the build-out of heavy rare earth capacity at White Mesa, and supportive government interest that includes a conditional US$725 million financing commitment in August 2026. The key risks are that Energy Fuels is still loss making, carries funding and execution risk on large projects, and trades on rich expectations. For investors comfortable with that trade-off, the mix of uranium fuel and mine-to-magnet ambitions may merit a closer look.
Energy Fuels is working to expand its uranium and rare earth ambitions into a broader opportunity, yet the real hinge point is still not widely appreciated. See how the story shifts in the analyst forecasts for Energy Fuels
Seeking Fresh Alternatives Before Others Catch On
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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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