Nuclear energy stocks sit at the crossroads of two themes many investors are watching closely today: reliable power and long term sustainability. With inflation pressures tied to energy and supply chains still in focus, some investors are looking for companies that sit closer to the backbone of the power system. This Nuclear Energy Stocks screener brings together uranium producers, enrichment players, and reactor operators so you do not have to sift through the entire market yourself. In this article, you will see 3 stocks from the screener that stand out on business focus, balance of risks, and long term relevance.

AtkinsRéalis Group (TSX:ATRL)

Overview: AtkinsRéalis Group is a Montreal based engineering and project management company that helps governments and businesses design, build, operate, and maintain critical infrastructure across transport, water, power, nuclear, defence, and industrial markets, including full lifecycle nuclear services from new build and refurbishment through to decommissioning and waste management. It also invests in and manages infrastructure assets such as highways, mass transit systems, power facilities, and water treatment plants.

Operations: AtkinsRéalis generates revenue primarily from engineering and nuclear services, led by CA$2.8b from Engineering Services UKI and CA$2.5b from Nuclear, alongside CA$2.1b from Engineering Services USLA, CA$1.5b from Engineering Services Canada, and CA$1.3b from Engineering Services AMEA, with an additional CA$1.2b segment adjustment.

Market Cap: CA$14.1b

Investors watching nuclear energy may consider keeping AtkinsRéalis on the radar because its nuclear backlog is expanding, with contracts across CANDU reactors, UK decommissioning frameworks, and new U.S. licensing and SMR partnerships that could support years of work tied directly to low carbon baseload power. At the same time, the company is placing more emphasis on higher margin engineering and advisory services, while legacy fixed price construction exposure and reliance on large nuclear projects continue to present execution and earnings volatility risks. Recent profitability metrics, a sizeable government linked infrastructure pipeline, and analyst expectations that the stock could be worth more than today’s price together create a mix of quality and controversy that invites closer examination of the underlying assumptions and risk controls.

AtkinsRéalis appears to be expanding its nuclear backlog, and its focus on higher margins could be masking a different story beneath the headline wins. The 5 key rewards and 3 important warning signs (2 are major!) might clarify what the market is missing.

Xcel Energy (XEL)

Overview: Xcel Energy is a Minneapolis based regulated utility that generates and delivers electricity and natural gas across eight U.S. states, using a mix of wind, nuclear, hydro, biomass, solar, coal, and natural gas resources, alongside investments in pipelines, storage, and select energy technology and housing assets.

Operations: Xcel Energy generates most of its revenue from Electric operations at US$12.3b, with a further US$2.5b from Natural Gas, plus smaller segment adjustments, all from within the United States.

Market Cap: US$51.2b

Investors looking at nuclear and grid infrastructure may consider Xcel Energy because it sits at the center of a US$60b capital plan tied to clean energy, data center power needs, and grid upgrades, while also offering a 2.95% dividend and a long record of payout growth. At the same time, heavy reliance on external borrowing, wildfire liabilities, rate case outcomes, and dividends not fully covered by free cash flow mean earnings stability cannot be taken for granted. The combination of steady historical earnings growth, supportive regulation, and a valuation that some analysts view as rich presents a tension that investors may wish to assess when deciding how XEL fits into a nuclear and grid focused portfolio.

Xcel Energy’s large capital plan and dividend story may appear reassuring at first, but the pressure points are not obvious, so the 2 key rewards and 2 important warning signs (1 is major!) could change how you view the risk and reward trade off

GE Vernova (GEV)

Overview: GE Vernova is an energy infrastructure company that supplies the equipment and services needed to generate, move, control, and store electricity worldwide, spanning gas and nuclear power plants, hydro and steam technologies, wind turbines, and grid and software solutions for utilities and large power users.

Operations: GE Vernova generates most of its revenue from Power at US$20.3b, alongside US$10.8b from Electrification, US$8.7b from Wind, and a US$0.4b eliminations and other adjustment.

Market Cap: US$296.3b

GE Vernova is drawing attention because it sits at the heart of the AI and electrification buildout, with a global installed base of around 7,000 gas turbines and a services backlog above US$163.3b that ties it closely to long term power demand. Earnings margins and free cash flow have improved sharply, helped by high margin service contracts and strong order flow from AI data centers and grid upgrades. A P/E below the Electrical industry and peer averages indicates the market may be assigning a lower valuation multiple relative to those groups. Some challenges include a weaker Wind segment, legal issues around projects such as Vineyard Wind, and a relatively new board overseeing a premium rated stock. That combination of solid operating metrics and unresolved risks is central to the current investment debate around GE Vernova.

GE Vernova’s accelerating services backlog and lower P/E versus peers suggest the full story is not in the price yet, and the 4 key rewards and 2 important warning signs (1 is major!) could reveal the key twist investors are missing

The three stocks here are just a starting point, and the full Nuclear Energy Stocks screener on Simply Wall St highlights 295 more companies with equally compelling narratives across uranium, enrichment, and reactor plays through the Nuclear Energy Stocks screener. Use the tools to identify, analyze, and filter for the exact catalysts and storylines that matter to you, so you can focus on the highest conviction opportunities in nuclear energy.

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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.