Nuclear Energy Stocks Powering AI Demand Investors May Want To Watch
Nuclear energy stocks are back in focus as investors look for power sources that are less tied to short term swings in fossil fuel prices and geopolitics. With inflation readings mixed across regions and energy driven price risks still on the radar, many are rethinking how they get exposure to long term electricity demand. The Nuclear Energy Stocks screener helps you quickly filter the sector, from uranium suppliers to reactor operators, so you can focus on liquid, listed companies rather than headlines. In this article, you will see three stocks from the screener that stand out for closer research.
NuScale Power (SMR)
Overview: NuScale Power develops and supports small modular reactor technology, centered on its 77 MWe NuScale Power Module, and offers a full suite of services that cover design, licensing, construction, operation, and maintenance of nuclear power plants for utility and industrial customers.
Operations: NuScale Power currently generates all of its US$18.7 million in revenue from electric utility related services in the United States.
Market Cap: US$3.1b
NuScale Power provides exposure to small modular reactors with a rare US Nuclear Regulatory Commission certified design and early roles in projects such as Romania’s RoPower plant and the TVA linked ENTRA1 program. The focus is on revenue growth forecasts, the potential for long term contracts with utilities and data center operators, and the company’s efforts to reduce operating expenses as it moves from R&D toward commercial deployment. On the other hand, NuScale is still reporting losses, relies on external funding, and needs binding power purchase agreements to convert its project pipeline into cash flow. For investors who can tolerate volatility, that combination of regulatory positioning and execution risk may warrant closer examination.
NuScale Power sits at the crossroads of certified SMR tech and an early project pipeline that could reshape its revenue story. Before you assume the risk is fully priced in, review the analyst forecasts for NuScale Power
Oklo (OKLO)
Overview: Oklo develops compact Aurora Powerhouse fission plants that are designed to supply between 15 and 75 megawatts of electricity, and it is also working on nuclear fuel recycling technology that aims to turn used nuclear fuel into fresh fuel for its own reactors in the United States.
Market Cap: US$7.1b
Oklo offers pure play exposure to advanced nuclear power for AI data centers and critical infrastructure, with a model built around owning reactors and selling long term electricity rather than one off equipment. The company has sizeable cash and marketable securities, has agreements such as a multi gigawatt deal with Switch, and is progressing on approvals including Nuclear Regulatory Commission design criteria and multiple Department of Energy milestones at the Groves Isotope Test Reactor. At the same time, Oklo is still pre revenue, reported a US$33.07 million net loss in Q1 2026, faces licensing and construction risk, and has seen shareholder dilution and insider selling. Investors who can handle that early stage risk profile may want to look more closely at how Oklo’s pipeline and policy support relate to the potential for contracted cash flows.
Oklo’s reactor pipeline and cash position suggest a story that goes beyond a single multi gigawatt headline agreement. Read the analyst forecasts for Oklo and see what the current forecasts might be missing.
GE Vernova (GEV)
Overview: GE Vernova is an energy company that supplies equipment and services across the power system, from gas, nuclear, hydro, and steam generation to wind turbines and grid, solar, and storage solutions that move electricity from plants to end users across multiple regions.
Operations: GE Vernova generates about US$20.98b from Power, US$8.47b from Wind, and US$12.24b from Electrification, with a small offset of US$0.33b from other and intersegment items.
Market Cap: US$261.5b
GE Vernova sits at the heart of the AI and electrification build out, with a large installed base of gas turbines and a US$176b backlog that ties it directly to power demand from data centers and grid upgrades. The Power and Electrification segments benefit from long life service contracts and high returns on equity, while the Wind business and tariff pressures still weigh on margins and keep execution risk on the table. The stock trades on a premium story backed by recent free cash flow and analyst targets, yet one off gains and insider selling mean expectations are high. For nuclear and grid focused investors, that mix of recurring infrastructure exposure and segment level challenges is a key factor that may warrant a deeper look at GE Vernova.
GE Vernova’s backlog and service contracts tie it tightly to long term power demand, yet the real story sits in how each segment pulls on margins and cash flow. Read the 5 key rewards and 2 important warning signs
The three nuclear energy stocks in this article are only a starting point, as the full Nuclear Energy Stocks screener highlights 33 more companies with equally compelling narratives across uranium supply, enrichment, and reactor development. Use Simply Wall St to identify, analyze, and filter for the specific catalysts and storylines that matter to you so you can focus on nuclear energy opportunities that best match your own views and criteria.
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Seeking Fresh Alternatives Beyond Nuclear?
New themes can move from quiet to breakout before most investors react. Consider exploring these fresh stock ideas while the signals still matter and the stories remain under the radar.
- Scan the 9 dividend fortresses to find companies that aim to keep income flowing even when sentiment turns.
- Review the 55 AI infrastructure stocks for exposure to businesses involved in data centers and compute demand while many investors are still focused on headlines.
- Explore the curated 35 power grid technology and infrastructure stocks for companies that play a role in electricity transmission and reliability.
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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