Energy and commodity prices are still feeding into inflation in major economies, and that keeps reliable baseload power in the spotlight. Nuclear energy stocks sit at the crossroads of this story, with potential exposure to both electricity demand and resource pricing. This article walks through three stocks from the Nuclear Energy Stocks screener that stand out and explains what each could add to a long term portfolio.

The stocks covered below are just a starting sample from this nuclear energy theme. The full screen surfaced 32 more companies with equally compelling narratives that are not included in the article. To go broader and identify which nuclear energy stocks best fit your own portfolio, head straight into the Nuclear Energy Stocks screener.

NuScale Power (SMR)

Overview: NuScale Power develops small modular nuclear reactors and related services that aim to deliver grid scale, carbon free baseload electricity using factory built reactor modules rated at 77 megawatts each. The company also supports customers with licensing, engineering, fuel management and ongoing plant operations so utilities can integrate NuScale technology into their existing power systems.

Operations: NuScale Power currently generates about US$11 million in revenue from electric utility related services, all from the United States.

Market Cap: US$4.2b

NuScale Power is one of the few nuclear energy stocks with a fully certified U.S. Nuclear Regulatory Commission small modular reactor design, which puts it in a different bucket from early stage peers still working toward approval. The company sits on around US$1.9b of liquidity while progressing projects such as the RoPower plant in Romania and ongoing talks with the Tennessee Valley Authority that could support several gigawatts of deployment if a power purchase agreement is signed. At the same time, NuScale reports large losses, has raised equity, and remains in an early phase of commercial development, so dilution and execution risk are key considerations. For investors who want pure play exposure to small modular reactors, those trade offs make NuScale worth a closer look.

NuScale’s certified reactor design and US$1.9b liquidity are eye catching, but the real story sits in how those strengths stack up against losses, dilution pressure and project risk. Get the full picture with the 1 key reward and 3 important warning signs (1 is major!)

Build your own small modular reactor stock shortlist

NuScale Power and the other two stocks in this article all came from a single screener, but the real edge is setting your own rules. Use our customisable Screener to combine filters such as valuation, growth, balance sheet strength and risks into a shortlist that fits your style, or rely on any of our curated Investing Ideas.

Oklo (OKLO)

Overview: Oklo develops compact fission power plants called Aurora Powerhouses, designed to supply between 15 and 75 megawatts of electricity to customers such as data centers and industrial users, while also working on nuclear fuel recycling technology that can turn used fuel into new fuel for its reactors.

Market Cap: US$8.6b

Oklo provides exposure to the push for reliable, low carbon power for AI data centers and heavy power users. The company keeps ownership of its plants and aims to sell long term electricity contracts instead of one off reactor sales. It now has regulatory momentum, with the NRC approving its Principal Design Criteria for Aurora and the Groves Isotope Test Reactor achieving first criticality in Texas, plus a reported cash pile of about US$3b to fund development. At the same time, Oklo remains in an early stage, with around US$1.2 million in revenue, widening losses, board turnover, insider selling and no commercial Aurora units in operation yet. For investors comfortable with higher risk, that mix of strong liquidity, marquee partnerships and unresolved execution and approval risk can make Oklo a candidate for closer scrutiny.

Oklo’s growing cash pile and early revenue create a rare mix of security and speculation. Before opinions harden, scan the full story in the 1 key reward and 6 important warning signs (1 is major!)

GE Vernova (GEV)

Overview: GE Vernova is an energy infrastructure company that supplies the equipment and services needed to generate, move, and manage electricity worldwide, spanning gas and nuclear power plants, wind turbines, and grid and storage solutions. It positions itself as a one stop provider for utilities and large power users that need reliable electricity for everything from AI data centers to national grids.

Operations: GE Vernova generates about US$20.98b in revenue from Power, US$12.24b from Electrification, and US$8.47b from Wind, partly offset by US$0.33b of other and intersegment eliminations.

Market Cap: US$279.5b

GE Vernova is attracting attention because it sits at the heart of the AI and electrification build out, supplying gas turbines, grid equipment and software into a record backlog of roughly US$176b while also lifting free cash flow and margins. Earnings growth has been very strong in recent years and current ROE is described as outstanding, yet the stock trades on a P/E below many electrical peers. Some investors view this as a quality at a reasonable price story. The catch is a Wind segment that still drags on profitability and a share price that already reflects high expectations, backed by heavy insider selling and one off gains in recent results. If the management team can keep improving margins while tackling Wind, GE Vernova could remain a core nuclear and grid infrastructure play to watch closely.

GE Vernova’s record backlog and strong margins are getting attention, yet the real story may be how those trends line up with its P/E and insider moves. Get the 4 key rewards and 2 important warning signs

Seeking Alternatives Before Everyone Else

Fresh ideas can move fast. Breakout themes, rising momentum and stocks quietly dropping to potentially more attractive entry points are often identified early. Spot under the radar opportunities before the crowd and act promptly.

• Identify companies with robust balance sheets before momentum-focused headlines emerge by scanning the curated list of solid balance sheet and fundamentals (50 results), which filters for financial strength while it may still be a key factor.
• Follow potential AI infrastructure developments while they may still be under the radar by tracking companies involved in data center buildouts through the focused 55 AI infrastructure stocks.
• Explore possible grid upgrade activity by reviewing the hand picked 38 power grid technology and infrastructure stocks, which highlights companies associated with power reliability and modernization.

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.