Nuclear energy stocks are drawing fresh attention as investors weigh ongoing central bank decisions, energy price swings tied to Middle East tensions, and persistent inflation signals across major economies. With oil price volatility influencing everything from bond yields in Canada to PMI readings in Europe and Asia, reliable power sources are back in focus for long term portfolios. This Nuclear Energy Stocks screener filters companies involved across the fuel and reactor chain to help you quickly spot targeted ideas. In this article, you will see three stocks from the screener that stand out for further research.

NuScale Power (SMR)

Overview: NuScale Power develops and licenses small modular nuclear reactors, offering its NuScale Power Module, a 77 MWe light water reactor, alongside end to end services that cover design, regulatory approvals, construction, operations, maintenance, fuel management, and outage support for nuclear power plants.

Operations: NuScale Power currently generates its US$18.7m in revenue from utilities, specifically from electric utility customers in the United States.

Market Cap: US$3.0b

NuScale Power provides exposure to small modular reactors at a time when nuclear is drawing interest as a potential baseload solution for data centers and grid decarbonization. The company has the only SMR design approved by the US Nuclear Regulatory Commission, is involved in projects such as Romania’s RoPower plant and work with TVA, and collaborates with partners such as ENTRA1 Energy, which could support future contracts if power purchase agreements and financing are secured. However, NuScale is unprofitable, relies heavily on external funding, and faces long timelines and execution risk before projects translate into material revenue.

NuScale Power sits at the crossroads of rising nuclear interest and unproven commercial scale, and the real story sits in the details of its contracts, cash runway, and execution hurdles, so start with the analysis report for NuScale Power

Constellation Energy (CEG)

Overview: Constellation Energy is a large US power producer that sells electricity, natural gas, and clean energy solutions, anchored by a major nuclear fleet alongside wind, solar, gas, and hydro assets. It serves a wide customer base, from utilities and municipalities to big corporates and households across key US power markets.

Operations: Constellation Energy generates US$29.9b in revenue from its Generation segment, reflecting its focus on producing power across its nuclear and other generation assets.

Market Cap: US$98.0b

Investors looking at nuclear energy stocks may consider Constellation Energy because it combines the largest US nuclear fleet with long term, carbon free power contracts tied to AI hungry data centers and corporates like Walmart and Microsoft, which can support earnings visibility and margins. Recent moves such as long dated PPAs, nuclear life extensions and a US$5b buyback sit alongside improving profitability. However, the story is not one sided, as high debt levels, exposure to large, centralized assets, and regulatory and decommissioning risks could pressure future cash flows. A key consideration is whether these long run contracts and federal support are enough to offset those structural risks as AI power demand grows and markets evolve.

Constellation Energy’s huge nuclear fleet and long dated clean power contracts hint at an earnings story many investors may be underestimating, but the real twist sits inside the 4 key rewards and 2 important warning signs

Centrus Energy (LEU)

Overview: Centrus Energy supplies enriched uranium fuel and related services for nuclear power plants, with its Low Enriched Uranium segment selling enrichment work, natural uranium and enriched products, and its Technical Solutions segment providing engineering and manufacturing services to public and private customers worldwide.

Operations: Centrus Energy generates most of its US$452.3m in revenue from the LEU segment (US$358.7m), alongside US$112.8m from Technical Solutions and smaller segment adjustments.

Market Cap: US$3.2b

Centrus Energy sits at the heart of the HALEU fuel bottleneck that many advanced reactor developers depend on. Its US$900m Department of Energy contract for large scale enrichment underlines how central its Piketon project is to the US nuclear build out story. Investors get direct exposure to this fuel angle rather than just the reactors, but need to weigh that opportunity against a high P/E multiple, volatile recent share performance, shrinking net margins and reliance on external borrowing. With Centrus joining the S&P SmallCap 600 and securing long dated HALEU supply arrangements with companies like Oklo, the key question is whether the company can turn this position into durable, cash generative growth before competition and project execution risks catch up.

Centrus Energy’s HALEU position could be the missing link in the next phase of US nuclear build out, but the real tension sits inside the valuation. Before the P/E and fuel story decouple, review the DCF valuation analysis for Centrus Energy

The three nuclear energy stocks in this article are just a starting point, with the full Nuclear Energy Stocks screener surfacing 32 more companies whose uranium supply, enrichment capacity and reactor pipelines carry equally compelling narratives. Use Simply Wall St to identify and analyze the specific catalysts, contracts and balance sheet strengths that matter to you so you can focus on the highest conviction nuclear energy ideas for your watchlist.

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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.