Nuclear energy stocks sit at the crossroads of energy security, inflation concerns and the search for reliable long term power sources. With global growth expectations steady but shaped by geopolitics, energy prices and mixed inflation signals from the US, Europe and Asia, many investors are reassessing how they get exposure to the broader energy complex. The Nuclear Energy Stocks screener focuses on uranium producers, enrichment facilities and reactor operators that are directly linked to this theme of steady, low carbon baseload power. Below, you will find three of the most interesting stocks from this screener to research further.

NuScale Power (SMR)

Overview: NuScale Power develops small modular nuclear reactors, each NuScale Power Module producing up to 77 megawatts of electricity, and packages them with a full suite of licensing, engineering, operations and maintenance services so utilities and industrial customers can build and run compact nuclear plants. The company also supports customers with fuel management, outage planning, workforce training and regulatory compliance to help move projects from design through commissioning and long term operation.

Operations: NuScale Power currently generates its US$18.7 million of revenue from electric utilities in the United States, reflecting its focus on nuclear power plant design and related support services for domestic customers.

Market Cap: US$3.3b

NuScale Power stands out in nuclear energy because it already holds US NRC approval for its small modular reactor design. Combined with projects like the RoPower plant in Romania and the ENTRA1 Energy partnership with TVA, this positions it as an early mover in deploying compact reactors for grids and data centers. At the same time, the company is still loss making with negative Return on Equity, relies on higher risk external funding and faces delays, cost pressures and the need for binding power purchase agreements before large scale revenue can begin. For investors who can tolerate volatility, this mix of regulatory lead and meaningful execution risk makes NuScale a high conviction research candidate within the nuclear theme.

NuScale’s early NRC approval and global partnerships hint at a story that many investors may be only half seeing. Review the 1 key reward and 3 important warning signs to understand what could accelerate the opportunity or derail it.

Constellation Energy (CEG)

Overview: Constellation Energy is a large US power producer that sells electricity, natural gas and sustainability solutions across multiple regions, using a fleet of nuclear, wind, solar, gas and hydro plants to supply utilities, businesses and households. With a focus on carbon free power and long duration contracts, Constellation Energy positions itself as a key partner for data centers, corporates and municipalities seeking reliable, cleaner energy.

Operations: Constellation Energy generates US$29.9b of revenue from its Generation segment, with output sold across regions including the Midwest, Mid Atlantic, New York, ERCOT and other power markets.

Market Cap: US$85.6b

Constellation Energy is at the center of the nuclear energy story because its 31,676 megawatt fleet and long term contracts are tightly aligned with growing demand for carbon free power from AI data centers and large corporates. Recent deals with hyperscalers and Walmart, together with federal production and zero emission credits, give the company a mix of contracted revenue, tax support and potential earnings growth that many pure play utilities lack. At the same time, high leverage, reliance on regulated nuclear assets and concentration in a handful of large customers introduce regulatory and execution risk. For investors tracking nuclear power as an AI and decarbonization backbone, there is more to this risk reward trade off than headline price targets suggest.

Constellation Energy’s nuclear fleet and hyperscaler deals suggest an accelerating story investors may be underestimating, yet concentrated customers and regulation could reshape that balance, so reviewing the 4 key rewards and 2 important warning signs

GE Vernova (GEV)

Overview: GE Vernova is an energy infrastructure company that supplies the hardware and software needed to generate, transmit, store and manage electricity worldwide, from gas and nuclear turbines to wind farms and grid control systems. Its three segments, Power, Wind and Electrification, connect everything from large utilities and industrial plants to data centers that require highly reliable power.

Operations: GE Vernova generates revenue primarily from its Power segment at US$20.3b, followed by Electrification at US$10.8b and Wind at US$8.7b, with smaller eliminations and other items.

Market Cap: US$289.4b

GE Vernova attracts interest because it sits where surging AI data center power demand, grid upgrades and nuclear deployment intersect, yet it still trades on a P/E below the wider Electrical industry despite very strong 62.2% ROE and sharply improved margins. The Power and Electrification segments benefit from a large installed turbine base and a sizeable service backlog that supports recurring revenue, while new orders tied to AI infrastructure, projects like Project Kilby and SMR work at Darlington highlight how central the company is to future electricity supply. The weak Wind business, high non cash earnings, insider selling and reliance on external borrowing mean this is not a risk free story. However, these same factors are why investors watching nuclear and grid infrastructure may want to look more closely at how durable GE Vernova’s cash generation really is before the market reaches firmer conclusions.

GE Vernova’s surge in ROE and grid exposure has many investors focused on upside while glossing over what the earnings mix and financing choices might really imply, so review the analysis report for GE Vernova

The three nuclear energy stocks covered here are only a starting point, with the full screener surfacing 33 more companies whose uranium resources, enrichment capacity and reactor projects could offer equally compelling narratives across the nuclear value chain in the Nuclear Energy Stocks screener. Use Simply Wall St to identify and analyze the specific catalysts, contracts, balance sheets and earnings profiles that matter most so you can focus on the nuclear energy stocks that best match your highest conviction themes.

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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.