Global energy prices are back in focus as oil weakens on signs of progress in Middle East diplomacy. Lower fuel costs can ease inflation pressures and keep attention on reliable power sources that are not tied directly to oil markets, including nuclear energy stocks. This article looks at three stocks from the Nuclear Energy Stocks screener that highlight different ways to gain exposure to this long term power transition theme.

The three nuclear energy stocks below are just a starting sample, with the full screen surfacing more than 300 additional companies that also have detailed narratives and are not covered here.

Head straight into the Nuclear Energy Stocks screener to analyze, filter, and identify the nuclear energy stocks that best fit your own conviction and risk profile.

BWX Technologies (BWXT)

Overview: BWX Technologies is a long established nuclear engineering company that supplies reactors, fuel, precision components and services for U.S. naval propulsion, defense programs, commercial nuclear plants and medical uses across the full lifecycle of nuclear assets.

Operations: BWX Technologies generates about US$2.4b in revenue from Government Operations and about US$1.1b from Commercial Operations, with small internal eliminations between segments.

Market Cap: US$15.8b

Investors looking at BWX Technologies get exposure to nuclear defense and energy infrastructure with a record US$6b backlog, multi year U.S. Navy propulsion contracts and growing interest in small modular reactors and microreactors, all of which support visibility on future work. The company has been sharpening its focus on core nuclear markets by selling its medical business for up to US$800m while retaining a minority stake and acquiring Precision Components Group to deepen its manufacturing capabilities. At the same time, high debt levels, margin pressure in commercial operations and heavy reliance on government budgets mean the stock carries real risk.

BWX Technologies sits at the intersection of long term nuclear contracts and renewed interest in small modular reactors, yet the real story sits inside the 3 key rewards and 1 important warning sign

Build your own nuclear infrastructure shortlist

BWX Technologies and the two other stocks in this list all surfaced from a single Simply Wall St screen, but the real value comes from creating filters that reflect your own priorities. Use our customisable Screener to mix factors like valuation, growth, balance sheet strength and risks into a personal watchlist, or tap into our curated Investing Ideas for ready made starting points.

Enel (BIT:ENEL)

Overview: Enel is a Rome based integrated utility that generates, distributes and sells electricity and gas worldwide, with a broad mix of renewable, nuclear, wind, hydro, solar, geothermal and thermal power plants, as well as energy efficiency and electrification solutions for cities, businesses and households.

Operations: Enel generates revenue primarily from Enel Commercial at about €34.0b, Global Generation & Trading at about €26.1b, Enel Grids at about €23.8b and Enel Green Power at about €12.1b, partly offset by eliminations and adjustments of about €17.6b.

Market Cap: €99.8b

Enel appeals to investors who want a large scale utility at the center of the energy transition, with 73% of production from renewables, a growing base of regulated and contracted assets, and a clear push into digital grids and electrification. Recent half year results showed steady revenue and net income alongside cost savings, while the company continues to trim non core assets and reduce net debt. At the same time, FX headwinds in Latin America, concentrated capital spending in Europe and a large one off loss over the past year keep risk firmly on the table. The full 2 key rewards and 4 important warning signs (1 is major!) sets out how that balance looks for long term investors.

Enel’s mix of renewables, regulated grids and cost savings can appear stronger than headlines suggest. However, the recent one off loss and FX drag leave key questions unanswered in the analysis report for Enel.

American Electric Power Company (AEP)

Overview: American Electric Power Company is a large US utility that generates electricity from a mix of coal, nuclear, natural gas and renewables, and then delivers it through an extensive network of transmission and distribution lines to retail and wholesale customers. The company also operates energy trading and retail supply businesses that sit alongside its core regulated power operations.

Operations: American Electric Power Company generates most of its roughly US$22.8b in revenue from Vertically Integrated Utilities at about US$13.2b and Transmission and Distribution Utilities at about US$6.4b, with the balance from AEP Transmission Holdco at about US$2.3b, Generation & Marketing at about US$3.1b and smaller corporate items and adjustments.

Market Cap: US$69.9b

American Electric Power Company sits at the center of rising US grid investment and data center power demand, with about 25,000 MW of regulated generation capacity, a US$78b capital plan for 2026 to 2030 and 69 GW of contracted load through 2030. Together, these support long term visibility on projects and rate base growth. Investors also receive a 3% dividend and exposure to what is described as high quality earnings, although free cash flow cover, reliance on external borrowing and lower forecast ROE around 9.8% highlight financing risk and pressure on returns. In addition, the company has a large federal loan package for Texas transmission and a push into new generation options, including small modular reactors. A key question for investors is whether current pricing properly reflects both the potential growth runway and these funding and regulatory trade offs.

American Electric Power Company’s large capital plan and long dated contracted load suggest a broader story about potential future returns and funding pressure. Get the full picture in the analyst forecasts for American Electric Power Company

Seeking Fresh Alternatives Beyond Nuclear?

Some of the most interesting stories move fast. New themes build momentum, and older ones can drop out of focus. Review these fresh stock ideas before they become crowded and consider where they might fit in your own research process.

• Spot income workhorses with staying power by scanning the 8 dividend fortresses which concentrates on companies with generous payouts and balance sheets built to handle tougher conditions.
• Identify early leaders in the AI build out by reviewing the 56 AI infrastructure stocks focused on companies supplying the hardware, power and connectivity behind accelerating demand.
• Look for resilient compounding potential using the 79 resilient stocks with low risk scores that highlights companies with steadier risk scores and business models built for durability.

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.