Oil prices linked to Middle East risks are feeding through to inflation expectations and borrowing costs. Energy security is again front of mind for policymakers and investors. Nuclear energy stocks sit in the middle of that discussion, offering exposure to reliable baseload power in a world that is rethinking fuel mix and supply chains. This article highlights three nuclear energy stocks from our screener that could deserve a place on your watchlist.

The stocks covered below are just a sample, and the full screen surfaced 32 more nuclear energy companies with equally compelling narratives that are not included in this article. To identify and analyze those additional opportunities, head straight to the Nuclear Energy Stocks screener.

NuScale Power (SMR)

Overview: NuScale Power designs and sells small modular nuclear reactors, anchored by its 77 MWe NuScale Power Module that can be combined into larger plants to provide reliable baseload power. Around this reactor platform, the company offers licensing, engineering, operations, maintenance, and training services that tie directly into nuclear utilities looking for cleaner long term power solutions.

Operations: NuScale Power generates all of its approximately $11 million in reported revenue from the Utilities, Electric segment in the United States.

Market Cap: $4.0b

NuScale Power provides direct exposure to small modular reactors, a key theme in nuclear energy as grids and data centers search for steady, low carbon power. The company has the only SMR design certified by the U.S. Nuclear Regulatory Commission, which can help shorten future project approval timelines, and it holds a sizeable cash buffer to support the shift from engineering work to full commercial projects. At the same time, NuScale remains loss making, relies on external funding, and faces serious questions around the ENTRA1 partnership and related litigation, along with shareholder dilution. The balance between that risk and the potential reward may change if management converts high profile prospects like the TVA and Romanian projects into firm contracts.

NuScale Power’s NRC certified SMR design and cash buffer could be masking a very different risk return profile than many investors assume. Scan the 1 key reward and 3 important warning signs (1 is major!) and see what the ENTRA1 saga might really mean

Build your own nuclear energy shortlist

NuScale Power and the other two nuclear stocks in this article all came from the same Simply Wall St screener, but your best ideas will often come from filters tailored to you. Use our flexible Screener to mix valuation, future growth, balance sheet and risk metrics, or lean on the ready made foundations of our Investing Ideas.

Oklo (OKLO)

Overview: Oklo develops compact Aurora Powerhouse fission plants designed to supply 15 to 75 MW of nuclear electricity under long term power contracts, rather than just selling reactors upfront. It also works on nuclear fuel recycling and fabrication so that used nuclear fuel can be turned into fresh fuel for its own reactors, tying the business tightly to both nuclear generation and the fuel cycle.

Market Cap: $8.3b

Oklo is attracting attention because it aims to pair small modular nuclear plants with long term electricity contracts, particularly for power hungry AI data centers, while also working on nuclear fuel recycling and isotope production. Recent milestones on its Groves Isotope Test Reactor and progress toward Aurora deployments show movement from concept toward real assets, supported by a sizeable cash position that helps fund the build out. At the same time, revenue is only starting to appear, losses are ongoing, and the company relies heavily on external funding. Shareholder dilution and insider selling highlight that execution risk is a consideration. For investors willing to handle that mix, Oklo provides exposure to the ways modular reactors and recycled fuel may influence nuclear power economics.

Oklo’s plan to pair compact reactors with long term power contracts for AI data centers is eye catching, yet the real story sits in how its risks and opportunities line up in the 1 key reward and 6 important warning signs (1 is major!)

GE Vernova (GEV)

Overview: GE Vernova is an energy equipment and services company that helps generate and move electricity, with its Power segment supplying gas, nuclear, hydro, and steam technologies for utilities and industrial customers worldwide. Within the Nuclear Energy Stocks theme, its nuclear steam turbines, balance of plant equipment, and long term service contracts are the clearest direct link to reactors that provide reliable baseload power.

Operations: GE Vernova generates most of its revenue from the Power segment at about $21.0b, with additional contributions from Wind at roughly $8.5b and Electrification at around $12.2b.

Market Cap: $283.2b

Investors watching nuclear energy may consider GE Vernova because it supplies critical nuclear turbines and control systems embedded in long term service contracts, backed by a large installed base in power generation. The company is also connected to AI data center demand and grid upgrades through its gas and electrification businesses, which support demand for reliable, dispatchable power alongside nuclear projects. At the same time, the Wind segment, past offshore contracts, and a large one off gain make it harder to assess how durable the recent profitability is. The stock trades at a premium that reflects expectations for strong execution, so an important question is whether nuclear related projects and service revenue will support that level of confidence over time.

GE Vernova’s premium price tag and power grid exposure can look straightforward, yet the mix of nuclear turbines, Wind volatility and one off gains is harder to read. The 4 key rewards and 2 important warning signs might reveal what the market could be missing.

Seeking Alternatives Beyond Nuclear Stocks

Fresh ideas move first, then the crowd follows. Some stocks build momentum, others get caught dropping while it still matters. Scan these under the radar picks and review them now.

• Target reliable income streams before yields start dropping by reviewing 10 dividend fortresses curated for investors who want payouts that may keep working when markets cool.
• Hunt for potential category leaders hiding in plain sight with the carefully filtered 19 high quality undiscovered gems before stronger momentum pulls them out of the shadows.
• Consider positioning ahead of a possible infrastructure breakout with under the radar power grid suppliers using the hand picked 39 power grid technology and infrastructure stocks while attention is still elsewhere.

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.