Global energy policy is tilting back toward secure fuel supplies as diesel markets strain and governments rethink how to keep the lights on. That puts long term, low carbon baseload power in the spotlight, and nuclear energy stocks sit right in that crosshairs. If you care about where the next wave of reliable power could come from, this article walks through 3 potential nuclear plays to watch.
The 3 stocks below are just a sample of the nuclear energy stocks on the radar, and the full screen surfaced 35 more companies with equally detailed stories that are not covered here. To go deeper on the theme, analyze, compare, and identify your own highest conviction ideas directly in the Nuclear Energy Stocks screener.
NuScale Power (SMR)
NuScale Power develops small modular nuclear reactors and related services for utilities, tying directly into the nuclear energy theme through its NuScale Power Module technology and full plant support offering.
NuScale Power currently earns about US$11 million from electric utility related services in the United States and has a market value of roughly US$3.1b, which reflects investor attention on its modular reactor platform and supporting nuclear services.
What makes NuScale Power interesting for this screen is how its compact reactors, paired with full life cycle services, aim to plug into grids that need dependable low carbon baseload, yet are not ready to commit to traditional gigawatt scale plants.
"NuScale's involvement in the RoPower 6-module small modular reactor (SMR) power plant in Romania indicates potential future revenue and cash flow through its partnership in the Fluor-led Front-End Engineering and Design (FEED) Phase 2."
What happens if a single assumption about long term project funding and rollout speed tilts either way may be important for NuScale Power.
That funding tension is exactly why reading the full narrative for NuScale Power can help you see how NuScale Power’s project pacing, risks and grid opportunity might really be lining up.
Oklo (OKLO)
Oklo is focused on turning small modular fission reactors into steady, utility-style power. Its Aurora Powerhouse units are aimed at 15 to 75 megawatts, and a US$6.5 billion market value reflects investor attention on this nuclear electricity and fuel recycling plan.
Oklo appeals to nuclear theme investors because its business model targets long-term, contracted electricity from compact reactors rather than one-off equipment sales. This can significantly influence how cash flows look once projects start running.
"Oklo has already signed major agreements, e.g. with Switch for 12 GW through to 2044."
What happens to Oklo’s future margins and funding needs if a single assumption about its first commercial Aurora deployments proves too optimistic or too conservative?
That first Aurora step is exactly where expectations can start to drift away from reality, and the full narrative for Oklo shows how Oklo’s risk and reward profile could be accelerating.
GE Vernova (GEV)
GE Vernova is a broad electrification player. Its Power segment links directly to the nuclear energy theme through equipment and services for reactors, layered on top of large gas and hydro operations. Most of its roughly US$61.4b in segment revenue comes from Power, followed by Electrification and Wind, and the company has a market value of about US$267.6b.
For nuclear focused investors, GE Vernova offers something different. Rather than a pure play on uranium or a single reactor design, it represents a diversified energy equipment group where nuclear turbines and plant services sit inside a much wider grid and generation platform.
"In Q1 2026 alone, GE Vernova reportedly secured $2.4 billion in data-center-related electrification orders, more than all of 2025 combined."
What happens to margins and long term earnings power if a single assumption about how that large project backlog converts into cash proves too optimistic or too cautious?
When that backlog finally hits the income statement, the full narrative for GE Vernova shows how GE Vernova’s earnings power, risks and upside could be quietly decoupling from past cycles.
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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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