Nuclear energy stocks are back in focus as investors weigh energy security, inflation pressures, and interest rate moves across major economies. With oil trade flows, central bank decisions, and geopolitical tensions all influencing power costs, many investors are looking for exposure to sources of reliable, low carbon electricity. The Nuclear Energy Stocks screener helps narrow that field by highlighting companies across uranium supply, fuel enrichment, and reactor technology. This article walks through 3 notable stocks from that screener, explaining why each could merit a place on your watchlist in today’s market conditions.

WSP Global (TSX:WSP)

Overview: WSP Global is a Montreal based professional services firm that helps governments and businesses plan, design, and manage complex infrastructure and energy projects, from rail networks and airports to water systems and nuclear power facilities. It combines engineering, environmental, and advisory expertise to support clients across the full project lifecycle, including decarbonization and digital solutions.

Operations: WSP Global generates its revenue primarily from the Americas at CA$8.4b, followed by EMEIA at CA$5.3b, Canada at CA$2.8b, and the Asia Pacific region at CA$2.0b.

Market Cap: CA$21.7b

Investors looking at nuclear infrastructure often want exposure to the wider grid, transmission, and decarbonization ecosystem, and WSP Global sits at that crossroads with consulting work that touches large scale power plants, high voltage transmission, and lower carbon solutions. The company combines a sizeable CA$16.3b backlog with a focus on higher margin advisory and digital services. Analyst work cited in this context points to earnings growth outpacing revenue and a P/E that sits below the North American construction industry average. At the same time, reliance on acquisitions, public contracts, and a labor intensive model means integration, political, and wage risks remain important. The full picture illustrates why some investors view WSP as an exposure to long term energy and infrastructure spending.

WSP Global’s CA$16.3b backlog and push into higher margin advisory work could be masking a very different risk reward profile than the headline P/E suggests, so review the 5 key rewards and 1 important warning sign

NuScale Power (SMR)

Overview: NuScale Power focuses on small modular reactors, offering its NuScale Power Module light water reactor that is designed to deliver 77 megawatts of electricity per unit along with a full suite of licensing, engineering, construction, training, operation, and maintenance services for nuclear power plants. The company also supports customers with fuel handling, inspection processes, outage management, and regulatory compliance, positioning itself as a turnkey partner for nuclear projects.

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

Market Cap: US$3.0b

NuScale Power attracts interest because it combines an NRC certified SMR design and long term partnerships such as ENTRA1 and Romania’s RoPower project with a clear focus on cutting costs as it moves from R&D toward commercialization, in a world where large data centers and utilities are actively looking for reliable low carbon power. At the same time, the company remains loss making, has relied on shareholder dilution, and still needs binding power purchase agreements and financing to turn a strong project pipeline into meaningful revenue, which leaves funding and execution risk front and center. For investors who can tolerate volatility, NuScale Power offers one potential way to gain early exposure to modular nuclear power, contingent on how its projects progress.

NuScale Power’s NRC certified SMR design and US$3.0b market cap suggest that investors may be missing a key tension between promise and proof, so review the analysis report for NuScale Power to see how its funding and project risks really compare

Constellation Energy (CEG)

Overview: Constellation Energy is a Baltimore based power producer that supplies electricity, natural gas, and energy solutions across the United States, with a large fleet of nuclear, wind, solar, gas, and hydro plants totaling about 31,676 megawatts of capacity. It sells to utilities, municipalities, co-ops, large corporates, data centers, and households, making it a central player in supplying carbon free power to big energy users.

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

Market Cap: US$98.0b

Constellation Energy stands out in the Nuclear Energy Stocks screener because its nuclear heavy fleet underpins long dated contracts with customers such as Walmart, Meta, and other data center operators that are looking for 24/7 carbon free power to support AI workloads. Those contracts, combined with federal nuclear credits and recent moves like the US$27b Calpine acquisition and license extensions at key reactors, point to more predictable cash flows and greater scale, even as high debt and reliance on centralized assets keep regulatory and funding risk in focus. With management committing to a US$5b buyback program and with analysts expecting higher returns on equity in coming years, investors watching the AI driven power story may want to look more closely at what is priced in for Constellation Energy and what is not yet reflected in expectations.

Constellation Energy’s nuclear heavy fleet and AI hungry customer base hint at earnings power that the headline figures may not fully capture. Review the analyst forecasts for Constellation Energy to see what expectations might be missing.

The three nuclear energy stocks covered here are only a starting point, as the full Nuclear Energy Stocks screener surfaces 297 more companies with equally compelling narratives around uranium supply, enrichment, and reactor technology. Use Simply Wall St to identify and analyze the specific catalysts and narratives that matter to you, so you can filter for the highest conviction nuclear energy plays in line with your own approach.

Take Control of Your Investment Journey

If Constellation Energy or any of these companies have caught your attention, register for FREE with Simply Wall St and add your companies to a Watchlist to monitor the share price against the fair value and track any new developments as they happen. Once you've made your move, manage your holdings with our Portfolio Command Center that filters out the noise to deliver only the most critical, actionable updates. Throughout your journey, our Community allows you to filter the best ideas from thousands of investor perspectives. By uncovering hidden catalysts and risks early, you'll accelerate your decision-making and stay one step ahead of the market.

Seeking Fresh Stock Ideas Beyond Nuclear?

Some of the most interesting stories start moving quietly, then break out before most investors notice. Before these ideas stop flying under the radar, act now and get in early.

• Spot resilient businesses before the next risk spike by scanning a curated 9 resilient stocks with low risk scores that aims to keep drawdowns in check while others get caught offside.
• Ride the next leg of infrastructure momentum by reviewing a focused 35 power grid technology and infrastructure stocks built around companies tied to grid upgrades, reliability, and electrification trends.
• Position ahead of the next AI hardware buildout by filtering through a hand picked 55 AI infrastructure stocks where demand for chips, power, and cooling could reshape expectations.

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.