With inflation data mixed across regions, energy prices in focus and central banks still tightening policy in places like South Korea and the UK, many investors are rethinking how to get exposure to reliable power sources. Nuclear energy stocks sit at the intersection of energy security and stable baseload electricity, spanning uranium producers, enrichment facilities and companies that build and run reactors. This Nuclear Energy Stocks screener filters that universe so you are not starting from scratch. In this article, you will see 3 stocks from the screener that stand out for further research.

NuScale Power (SMR)

Overview: NuScale Power develops small modular reactor technology, centered on its 77 MWe NuScale Power Module, and sells a full-suite service offering that covers design, licensing, construction, operation, maintenance and training for nuclear power plants.

Operations: NuScale Power currently generates about US$18.7m in revenue from electric utility related services, all from customers in the United States.

Market Cap: US$3.1b

Investors looking at nuclear may consider NuScale Power, as it combines an approved small modular reactor design with early projects like the RoPower plant in Romania and potential large scale deployments discussed with utilities. It is also linked to power demand from AI driven data centers. At the same time, NuScale remains loss making, relies on higher risk external funding and has no binding large commercial contracts yet, which leaves shareholders exposed to cash burn, dilution and execution setbacks. Recent analyst coverage discusses sizeable potential based on future projects and the ENTRA1 partnership, while also emphasizing that timelines, regulatory decisions and supply chain readiness are key factors for how the company’s strategy develops.

NuScale Power sits where AI driven data center demand and nuclear baseload supply could converge, but investors still lack the full picture on funding, contracts and execution risk, so the 1 key reward and 3 important warning signs might change how you see the trade off

Bird Construction (TSX:BDT)

Overview: Bird Construction is a Canadian construction company that builds and maintains complex projects across industrial facilities, civil infrastructure, institutional buildings and data centers. It often provides end to end services from design and site preparation through to ongoing maintenance.

Operations: Bird Construction generates about CA$3.5b in revenue from general contracting in the construction sector, all from projects in Canada.

Market Cap: CA$3.8b

Investors interested in nuclear and broader energy infrastructure may want to look at Bird Construction because it operates within Canada’s large construction and infrastructure pipeline, with a record backlog spanning nuclear, LNG, marine, mining and education projects, plus a 300 MW AI focused data center partnership with Bell. At the same time, profit margins are thin at 1.4%, earnings recently fell even though the 5 year trend is positive, and the stock trades on a high P/E, so a lot of optimism appears to be reflected in the price. The refreshed debt structure, recurring maintenance contracts and new contract wins could be appealing, but concentration in deferred capital projects and higher risk external borrowing means execution and funding risks remain important considerations.

Bird Construction’s record backlog and data center exposure suggest a story that could be bigger than a simple high P/E label. Before you decide it is fully priced, review the 1 key reward and 1 important warning sign

Oklo (OKLO)

Overview: Oklo develops compact Aurora Powerhouse fission plants designed to supply 15 to 75 megawatts of electricity under long term power contracts, while also working on nuclear fuel recycling and fabrication that can turn used nuclear fuel into new fuel for its reactors.

Market Cap: US$8.0b

Oklo is attracting attention because it sits at the junction of AI hungry data centers and nuclear power. The company aims to keep ownership of its Aurora plants and sell electricity through long term contracts rather than one off equipment sales. It has sizeable cash and marketable securities, high profile partners like Meta and Nvidia, and recent U.S. Department of Energy and regulator milestones that move its test reactor and first commercial projects forward. However, revenue is still close to zero, losses are widening and the share price has been volatile with dilution and insider selling. If you are weighing that mix of long term power deals, fuel agreements and licensing progress against funding, execution and governance risks, the 1 key reward and 5 important warning signs (1 is major!) fills in many of the missing details.

Oklo’s AI fueled power story and long term contracts sound exciting, but the real tension sits in the trade off between growth plans and execution risk, and the 1 key reward and 5 important warning signs (1 is major!)

The three nuclear energy stocks in this article are just a starting point, and the full Nuclear Energy Stocks screener surfaces 296 more companies with equally compelling stories around uranium supply, enrichment capacity and reactor build out. Use Simply Wall St to identify and analyze the specific catalysts and narratives that matter to you so you can focus on the nuclear energy opportunities that best match your own views and research.

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Seeking Alternatives Beyond Nuclear Picks?

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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.