GE Vernova Stock And 2 Nuclear Power Picks For AI Infrastructure Growth

Nuclear energy stocks are drawing fresh attention as investors reassess how to source reliable power while inflation, interest rates and energy costs keep shifting. With bond yields elevated and oil prices sensitive to geopolitical tension, many portfolios are looking for exposure to power generation themes that are less tied to fossil fuels. The Nuclear Energy Stocks screener focuses on uranium producers, enrichment players and reactor operators involved in supplying steady electricity. This article highlights 3 stocks from that screener, giving you a concise look at how each fits into the broader nuclear power opportunity.

Bird Construction (TSX:BDT)

Overview: Bird Construction is a Canadian contractor that builds and maintains large industrial, institutional and commercial projects, from data centres and energy facilities to hospitals, schools and transit infrastructure, along with electrical, mechanical and ongoing maintenance services. Its projects span sectors such as nuclear, LNG, renewables, mining and telecommunications, giving Bird broad exposure to long term infrastructure and energy transition spending.

Operations: Bird generates all of its CA$3.5b in revenue from the general contracting sector in Canada.

Market Cap: CA$4.3b

Investors looking at nuclear and wider energy infrastructure may pay attention to Bird Construction because it is building a sizeable backlog across nuclear, LNG, data centres and public infrastructure. This backlog is cited as a key factor supporting the earnings growth forecasts despite current net margins of 1.4% and a P/E that is well above construction peers. The company is taking on more recurring maintenance contracts and long dated projects with public and blue chip counterparties, but it relies heavily on externally funded debt and on large, delayed capital projects, which can pressure margins when work is pushed out. The recent data centre win with Bell and CAD 1 billion of new project awards illustrate what is possible if this order book continues to convert efficiently.

Bird Construction’s fast growing backlog and premium P/E raise a clear question: is the current pricing justified by what comes next in earnings, margins and contract quality, or is something important being missed in the analyst forecasts for Bird Construction

Oklo (OKLO)

Overview: Oklo is a US based nuclear energy company developing compact Aurora Powerhouse fission plants that are designed to supply 15 to 75 megawatts of electricity directly to customers such as data centers under long term power contracts. It is also working on nuclear fuel recycling and fabrication technology that aims to turn used nuclear fuel into fresh fuel for its own reactors.

Market Cap: US$7.7b

Oklo attracts attention because it is positioned at the intersection of nuclear power and AI infrastructure. It aims to own and operate its Aurora reactors and sell long dated electricity contracts rather than just equipment. The company has agreements in place, including a 12 GW arrangement with Switch through to 2044, access to fuel pathways via deals around HALEU supply and surplus plutonium utilization, and regulatory progress such as US Nuclear Regulatory Commission design criteria approval and US Department of Energy safety milestones for its Groves Isotope Test Reactor. At the same time, Oklo currently reports essentially no revenue, a quarterly net loss of about US$33 million and relies on external funding, so investors need to weigh high growth forecasts and recent federal support against unproven profitability, regulatory risk and a volatile share price.

Oklo’s ambition to power data centers with compact reactors is huge, but the real story sits in how its losses, contracts and regulatory path fit together in the analysis report for Oklo, including one issue many investors may be overlooking

GE Vernova (GEV)

Overview: GE Vernova is an energy infrastructure company that supplies equipment and services to generate, transmit, convert, store, and manage electricity across gas, nuclear, hydro, steam, wind, solar, and grid systems in the US and key international regions. Through its Power, Wind, and Electrification segments, GE Vernova aims to serve utilities, governments, and industrial customers that need reliable large scale power and modernized grids.

Operations: GE Vernova generates about US$20.3b from Power, US$10.8b from Electrification, and US$8.7b from Wind, partly offset by US$0.4b in eliminations and other items.

Market Cap: US$289.9b

Investors are watching GE Vernova because it sits at the intersection of AI data centers, electrification and grid upgrades, with a reported US$176b backlog and a large installed base of around 7,000 gas turbines that support years of high margin service revenue. Earnings growth has been very strong in recent years and margins have shifted from weak levels to solid profitability, yet the stock now trades on richer expectations and carries risks from loss making Wind projects, heavy use of external borrowing and recent insider selling. The Q2 2026 earnings miss and share price drop showed how expectations can reset quickly, but also raised questions about whether the growing Power and Electrification backlog more than offsets these concerns.

GE Vernova’s growing backlog and installed gas fleet may be obscuring a very different earnings path ahead. The real tension between Power, Electrification and loss making Wind only becomes apparent in the 5 key rewards and 2 important warning signs (1 is major!)

The three stocks covered here are only a starting point, as the full screener surfaced 295 more nuclear energy companies with equally compelling stories, all collected in the Nuclear Energy Stocks screener. Use Simply Wall St to identify, analyze, and filter those nuclear opportunities by the specific catalysts and narratives that matter to you so you can focus on the highest conviction ideas.

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Seeking Fresh Alternatives Beyond Nuclear?

New ideas do not stay quiet for long. Spot potential breakouts, fresh momentum and stocks still flying under the radar for now, before the crowd catches on, and consider acting sooner rather than later.

• Target steady income potential by scanning companies in the 6 dividend fortresses that aim to keep payouts flowing even when sentiment shifts.
• Explore growth where AI intersects with real cash generation by reviewing the curated 64 profitable AI stocks that aren't just burning cash.
• Track companies involved in the next wave of electrification with the focused 36 power grid technology and infrastructure stocks while the story is still forming.

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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