Energy markets have been shaken by Middle East risks and higher inflation expectations, which keeps reliable baseload power in sharp focus. That spotlight often lands on nuclear energy stocks, where producers, reactor operators and fuel specialists sit at the crossroads of energy security and long term demand for stable power. This article walks through three stocks from our Nuclear Energy Stocks screener that stand out for closer research.

The stocks covered below are just a starting sample, and the full screen surfaced 298 more companies with equally detailed nuclear energy narratives that are not covered in this article. To go deeper into this opportunity, head straight to the Nuclear Energy Stocks screener and use it to identify, filter and analyze the nuclear energy stocks that best fit your own conviction.

NexGen Energy (TSX:NXE)

NexGen Energy is a Vancouver based uranium explorer and developer focused on the Rook I project in Saskatchewan’s Athabasca Basin, a large land package of about 35,065 hectares that hosts the flagship Arrow deposit. As a pre revenue company there are no operating revenue segments to break down yet, so the story is all about future production potential. The stock is already sizeable for a developer, with a market cap of about CA$9.7b.

Investors watching the nuclear theme closely may want NexGen Energy on their radar because it offers pure exposure to a large Canadian uranium development that is moving through construction while also adding upside from new drilling at Patterson Corridor East. The company is still unprofitable and analysts do not expect revenue or earnings in the near term, which keeps funding and dilution risk front and center. At the same time NexGen is signing term sheets to sell millions of pounds of uranium to US utilities, reporting a recent swing to quarterly net income, and progressing Rook I within budget. That mix of early commercial traction, sizeable contracted pounds and high project concentration is where both the opportunity and the risk sit for this stock.

NexGen Energy’s early contracts and construction progress suggest the story might be further along than many investors realize, yet the real kicker lies in the balance between upside and funding risk in the analysis report for NexGen Energy

Build your own nuclear shortlist around NexGen Energy

NexGen Energy and the two other stocks in this article all surfaced from a single Simply Wall St screen, but the real edge comes from building your own. Use our flexible Screener to mix filters for valuation, growth and risks to fit your style, or draw on the ready made Investing Ideas for curated starting points.

NuScale Power (SMR)

NuScale Power is building small modular reactors that aim to supply grid power and industrial users with factory built units, each designed to generate 77 MWe. Today it earns about US$11 million from electric utility related services, all from the United States, largely tied to design, licensing and support work for future plants. The stock sits firmly in mid cap territory with a market value of roughly US$4.2b.

NuScale Power gives you direct exposure to the small modular reactor theme, with an NRC certified design, a reported US$1.9b cash balance and active talks with major counterparties like TVA and Romania’s RoPower project. Analysts expect very strong revenue growth. However, the company is still posting deep losses and has filed for a follow on equity offering of up to US$750 million, which flags ongoing dilution and funding risk. If you want nuclear exposure tied to potential large PPA deals and long term deployment, and you are comfortable with high volatility and execution risk, this is a story worth tracking more closely.

NuScale Power sits at the crossroads of large cash reserves and ambitious SMR plans. However, the real story lies in how funding, contracts and timelines fit together in the analysis report for NuScale Power

GE Vernova (GEV)

GE Vernova is a large energy technology company that helps generate, move, and manage electricity through three main segments. Power is the core business at about US$21.0b in revenue, followed by Electrification at roughly US$12.2b and Wind at about US$8.5b, with smaller offsets elsewhere. The stock is very large in scale, with a market cap of roughly US$279.5b.

GE Vernova gives you direct exposure to the build out of AI data centers and grid upgrades, with gas turbines, transformers and electrification systems tied to a reported US$176b backlog and an installed base of around 7,000 turbines. Profitability metrics such as 23% net margins, very strong recent earnings growth and high ROE sit alongside solid free cash flow, which has drawn intense interest from analysts and driven multiple target upgrades through mid 2026. The catch is a weaker Wind segment, funding risk from heavy borrowing and questions about whether current demand and margins can hold. If you want a nuclear and gas linked infrastructure stock at the heart of the power system, this is one where the full story is worth unpacking in more detail.

GE Vernova sits at the heart of power grid build outs and AI data center demand, yet the real story could be how its growth profile stacks up against those risks in the analyst forecasts for GE Vernova

Seeking Alternatives While Curiosity Is High

Fresh ideas move fast. Some stocks are building breakout momentum while the crowd is still caught watching yesterday’s winners. Scan these under the radar lists while it matters and act now.

• Spot established payers before yields get compressed and use the 4 dividend fortresses to see which companies still offer income that could hold up if markets wobble.
• Track early movers in decentralised finance, miners and exchanges with the curated 19 cryptocurrency and blockchain stocks before sentiment swings and the strongest operators stop looking cheap.
• Zero in on manufacturers and developers tied to next generation machines by running the 37 robotics and automation stocks while many of these automation stories are still under the radar.

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.