Energy price surges in countries such as France and Spain are feeding into stubborn inflation and keeping central banks talking about tighter policy. That keeps reliable power sources in focus and places nuclear energy stocks on many watchlists. This article looks at nuclear energy stocks and highlights 3 stocks from the Nuclear Energy Stocks screener that could help you think about this theme more clearly.

The stocks covered below are a small sample of the nuclear energy stocks on Simply Wall St, and the full screen surfaced 301 more companies with equally compelling narratives that are not covered in this article. If you want to go wider and deeper on this theme, head straight to the Nuclear Energy Stocks screener to identify, filter, and analyze the nuclear ideas that best fit your own portfolio and risk profile.

NuScale Power (SMR)

Overview: NuScale Power is a pure play on small modular reactors, built around its 77 MWe NuScale Power Module light water reactor and a full suite of services to design, license, build, operate, maintain, and fuel SMR based nuclear plants. The company also provides licensing support, training, inspections, and fuel management services that are directly tied to deploying and running its reactor technology.

Operations: NuScale Power currently generates all of its roughly $11 million in revenue from electric utility related services in the United States.

Market Cap: $4.0 billion

NuScale Power provides focused exposure to the nuclear reactor side of this theme through its NRC certified small modular reactor design and end to end services for utilities that want reliable, low carbon baseload power. The company is still pre profit and reported sizeable losses recently, so the investment case centers on the potential deployment of projects like the RoPower plant in Romania and possible long term power purchase agreements with the Tennessee Valley Authority. NuScale holds significant liquidity to fund this build out and has partnered with established industry players on fuel cycle and compressor technology. If SMRs gain traction, NuScale’s combination of certified technology and turnkey delivery could be important, but execution and funding risks remain high.

NuScale Power’s NRC certified SMR story is gaining attention, but the real puzzle is how that potential stacks up against its losses and funding needs. Get the full picture in the 1 key reward and 3 important warning signs (1 is major!)

Constellation Energy (CEG)

Overview: Constellation Energy is a large US power producer that owns and operates a fleet of nuclear, wind, solar, gas, and hydro plants, with roughly half of its 31,676 MW capacity coming from nuclear stations that provide reliable baseload electricity. The company sells power, natural gas, and tailored clean energy solutions to utilities, businesses, public sector clients, and households.

Operations: Constellation Energy generates about US$31.3 billion in revenue from its Generation segment, supported by regional operations across the Midwest, Mid-Atlantic, New York, ERCOT, and other power markets.

Market Cap: US$99.0 billion

Constellation Energy provides direct exposure to one of the largest private nuclear fleets in the US, with long term contracts tied to data centers and blue chip corporates that value 24/7 carbon free power. Those 920 MW of nuclear power purchase agreements and projects like the Crane Clean Energy Center restart and Dresden and Nine Mile Point life extensions help support visibility on cash flows, while acquisitions such as Calpine expand the overall generation base. On the other hand, there is meaningful debt, significant ongoing spending needs for nuclear assets, and reliance on regulators and policymakers to keep current incentives and market rules in place. For investors seeking a nuclear focused utility with extensive AI and data center links, Constellation Energy may be a company to examine closely.

Constellation Energy’s nuclear and data center story is accelerating, but the real question is how that mix shapes its risk and return profile. Get the full picture in the 4 key rewards and 2 important warning signs (1 is major!)

GE Vernova (GEV)

Overview: GE Vernova is an energy equipment and services company that helps utilities and governments generate and move electricity, with its Power segment supplying gas, nuclear, hydro, and steam technologies and providing nuclear steam turbines and services that support reactor operations. Alongside this nuclear focused activity, GE Vernova also runs large wind and electrification businesses that cover wind turbines, grid hardware, and software for power transmission and storage.

Operations: GE Vernova generates about $20.98b in revenue from Power, $12.24b from Electrification, and $8.47b from Wind, with a small offset from other and intersegment items.

Market Cap: $253.84b

GE Vernova gives you exposure to the power infrastructure that nuclear plants rely on, particularly through its Power segment’s nuclear steam turbines and long term service contracts, while also tapping into AI driven electricity demand and grid upgrades. Recent earnings growth is very large, and forecasts point to continued revenue and return on equity strength. However, the P/E is below the wider US electrical industry, which some investors see as a relative value signal. The flip side is a Wind segment that still drags on profitability, heavy use of external funding, one off gains that cloud earnings quality, and recent insider selling. If management can keep improving margins and reduce wind related issues, the combination of nuclear, gas, and electrification could be powerful for long term holders.

GE Vernova’s earnings surge and lower P/E raise big questions about what the market is missing. Get the full context in the 5 key rewards and 2 important warning signs

Seeking Fresh Alternatives Before They Fly

Markets move fast and the strongest breakout stories rarely stay under the radar for long. Scan these fresh stock ideas before the crowd catches up and consider acting while conditions remain favorable.

• Spot resilient businesses with low volatility by reviewing the curated 76 resilient stocks with low risk scores while pricing still reflects today’s risk rather than potential future momentum.
• Target companies implementing AI in ways that support their profits by running through the hand picked 74 profitable AI stocks that aren't just burning cash before wider market attention fully focuses on them.
• Zero in on cash rich balance sheets by scanning the curated list of solid balance sheet and fundamentals (50 results) while quality companies are still priced as if they are ordinary.

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.