Global bond yields are reacting to shifting policy signals, which keeps borrowing costs and discount rates in focus for long term projects like nuclear energy. That puts reliable, low carbon power in the spotlight for investors who care about resilient cash flows rather than short term sentiment swings. This article highlights three stocks from the Nuclear Energy Stocks screener that show how different parts of the nuclear value chain are positioned.

The three nuclear energy stocks covered next are just a starting sample, and the full screen surfaced 299 more companies with narratives that are not covered here but may be just as interesting to research. To explore this theme in more depth, go to the Nuclear Energy Stocks screener to identify, analyze, and prioritize your own highest conviction nuclear energy ideas.

NuScale Power (SMR)

Overview: NuScale Power develops and supports its NuScale Power Module small modular reactor, a 77 MWe light water reactor that is sold as a full power plant solution including design, licensing, construction, commissioning, and ongoing operations and maintenance services. The company also provides training, fuel management, inspection support, and other services needed to run and maintain these reactors over their life.

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

Market Cap: US$3.7b

NuScale Power provides investors with direct exposure to small modular reactor deployment, with its NRC approved NuScale Power Module and a suite of licensing, construction, and O&M services tailored for utilities that want reliable low carbon baseload. The company is still pre commercial with minimal current revenue and ongoing losses, so the story depends on converting projects like the TVA ENTRA1 program and Romania’s RoPower plant into firm contracts while managing funding needs and dilution from moves such as the recent US$750 million share sale. For investors who can tolerate execution and financing risk, NuScale’s regulatory lead, sizeable liquidity of roughly US$1.9b, and active pipeline of potential multi gigawatt deployments make it a high risk, high potential way to gain exposure to nuclear infrastructure.

NuScale Power’s substantial liquidity and early NRC approval may be obscuring the real swing factors in this story. Before focusing on the potential upside alone, review the 1 key reward and 3 important warning signs (1 is major!)

Build your own nuclear infrastructure shortlist

NuScale Power and the two other stocks in this article all surfaced from a single Simply Wall St screen, but your edge comes from tailoring the filters to your own approach. Use our customisable Screener to mix metrics like valuation, growth, financial health, risks, and dividends, or lean on the structure of our curated Investing Ideas for ready made starting points.

Oklo (OKLO)

Overview: Oklo develops small modular fission power plants, branded as Aurora Powerhouse reactors, which are designed to deliver 15 to 75 megawatts of reliable nuclear electricity. It is also building fuel recycling and fabrication capabilities so it can supply usable fuel for those reactors. This keeps Oklo closely linked to the nuclear energy theme by offering a bundled solution of power, fuel and supporting technology rather than a one off equipment sale.

Market Cap: US$7.7b

Oklo provides direct exposure to small modular nuclear reactors that are being designed for long term power contracts, including for energy intensive AI data centers, instead of one time reactor sales. The company is building an integrated platform that spans power plants, fuel recycling and isotope production. Recent milestones such as the Groves reactor reaching criticality and Department of Energy approvals indicate tangible progress along that path. At the same time, Oklo is still loss making, has only just begun to report revenue and faces regulatory, funding and execution risks that can translate into share price volatility. For investors who want pure play nuclear exposure, the mix of early commercial traction and unproven economics highlights where both the opportunity and the risk sit today.

Oklo is tying long term nuclear power contracts to energy hungry AI data centers, yet the real story may sit in how its fuel, isotope and plant economics fit together. Before you decide how that mix could reshape Oklo’s risk and reward profile, scan the 1 key reward and 6 important warning signs (1 is major!)

GE Vernova (GEV)

Overview: GE Vernova is an energy equipment and services company that supplies technologies to generate, move, and manage electricity, with its Power segment providing gas, nuclear, hydro, and steam equipment and long term servicing. For the Nuclear Energy Stocks theme, the clearest link is its nuclear steam turbines and balance of plant hardware that keep commercial reactors running.

Operations: GE Vernova generates most of its revenue from the Power segment at about US$21b, with additional contributions from Wind at about US$8.5b and Electrification at about US$12.2b.

Market Cap: US$267.5b

GE Vernova gives you exposure to the build out of reliable baseload power, including nuclear projects, as utilities and data center operators look for long lived infrastructure rather than quick fixes. The company combines a very large installed base of power equipment with a long duration service book, reinforced by a reported US$176b backlog and net margins of around 23%. At the same time, the wind business still weighs on profitability and recent governance signals, including board turnover and insider selling, add execution questions. With a P/E below many Electrical peers and ROE of 72.6%, a key consideration is whether GE Vernova can keep turning AI and nuclear related demand into durable cash flows while working through those weak spots.

GE Vernova’s large installed base, US$176b backlog and 72.6% ROE suggest there is more going on beneath the headline P/E. Get the full story in the 5 key rewards and 2 important warning signs

Seeking Alternatives Beyond Nuclear?

Fresh opportunities do not wait. Some stocks are building quiet momentum while attention stays elsewhere and information decays fast. Scan these under the radar ideas before the crowd and get in early.

• Capture potential upside from under followed cash generators by reviewing a curated 52 high quality undervalued stocks that may still be under the radar for now.
• Front run the next wave of automation by checking a focused group of 38 robotics and automation stocks before capital chases the theme and valuations start flying.
• Position ahead of infrastructure heavy AI demand by scanning a hand picked universe of 39 power grid technology and infrastructure stocks while project pipelines are still dropping into place.

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.