Energy markets keep feeling the impact of oil price gains tied to Strait of Hormuz risks, which keeps inflation worries alive and central banks cautious on rate cuts. That keeps reliable, low carbon baseload power like nuclear energy on investor radar as an alternative to fuel dependent generation. This article highlights 3 nuclear energy stocks from our screener that stand out for their business focus, exposure to the theme, and risk profile.

The 3 nuclear energy stocks below are just a starting sample, and the full screen surfaced 298 more companies with equally compelling narratives that are not covered here.

To identify ideas that fit your own risk tolerance and thesis, head straight into the Nuclear Energy Stocks screener to filter, analyze, and focus on your highest conviction nuclear energy plays.

BWX Technologies (BWXT)

BWX Technologies is a long established nuclear engineering specialist that supplies reactors, fuel and precision components for the U.S. Navy, commercial nuclear plants and medical applications. Most revenue comes from Government Operations at about US$2.4b, with Commercial Operations contributing about US$1.1b. The company has a market cap of roughly US$15.4b.

Investors looking at BWX Technologies are getting exposure to nuclear infrastructure that is tied to long term defense programs and a growing pipeline in advanced reactors, SMRs and microreactors. Earnings quality is described as high, the backlog is large and multi year, and recent guidance for 2026 points to higher revenue and EBITDA. At the same time, heavy reliance on government contracts, high debt and softer margins in commercial operations mean this is not a simple story. The key consideration is whether the mix of defense, SMR opportunity and services is enough to offset those pressures over the next cycle.

BWX Technologies sits at the intersection of long term defense contracts and emerging SMR potential, yet the real story sits in the detailed assumptions and contract exposure inside the analysis report for BWX Technologies

Build your own nuclear infrastructure shortlist

BWX Technologies and the other two stocks in this article all surfaced from a single Simply Wall St screen, but the real edge comes from setting filters that match how you like to invest. Use our flexible Screener to combine metrics like valuation, growth, financial health and risks, or lean on any of our curated Investing Ideas for ready made stock shortlists.

Enel (BIT:ENEL)

Enel is a global integrated utility that generates, distributes and sells electricity and gas across multiple technologies including nuclear, renewables, thermal and networks, and also offers electrification and energy efficiency solutions for cities, businesses and households. Revenue is spread across 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, with a smaller contribution from Holding and Services and group eliminations. The company has a market cap of roughly €100.0b.

Enel provides direct exposure to the shift toward cleaner power and smarter grids, with renewables already a large share of production, digital networks helping reduce cash costs and recent results pointing to higher quality earnings from regulated and secured assets. At the same time, heavy use of external borrowing, currency swings in Latin America, a recent €2.6b one off loss and a dividend that is not fully backed by free cash flow keep risk firmly on the table. The wide gap between the current share price and Simply Wall St’s DCF estimate of value, together with an analyst view that the stock is roughly fairly priced, is where the real tension in the Enel story lies for investors willing to dig deeper.

Enel’s shift toward cleaner power and regulated assets can easily mask what really drives its current valuation. Get the full story in the DCF valuation analysis for Enel and see what the headline numbers might be missing.

American Electric Power Company (AEP)

American Electric Power Company is one of the largest regulated electric utilities in the US, running generation, transmission and distribution assets that keep power flowing to retail and wholesale customers. Most revenue comes from its Vertically Integrated Utilities at about $13.2b and Transmission and Distribution Utilities at about $6.4b, with AEP Transmission Holdco adding about $2.3b and Generation & Marketing about $3.1b. The company is valued at roughly $68.8b.

American Electric Power Company provides exposure to US grid investment and large load growth from data centers and industry, supported by a $78b capital plan and a recent US$3.26b Department of Energy loan for Texas transmission projects. Forecast revenue and earnings growth, along with high quality earnings, sit alongside risks such as reliance on lower margin commercial and industrial load, heavy use of external borrowing and management that is still bedding in. With analysts divided on potential future returns and regulatory decisions in key states still in play, the key consideration is how investors weigh that regulated infrastructure exposure against the funding and policy risks over the next few years.

American Electric Power Company’s large capital plan and federal loan support could be hiding a very different earnings path from what the headline numbers imply. Get the full context in the analyst forecasts for American Electric Power Company

Seeking Alternatives Beyond Nuclear Stocks

Fresh ideas do not stay under the radar for long. Some themes are already building breakout momentum while others risk getting caught late. Check these screens while it matters and act now.

• Hunt for resilient income payers before yields start dropping by scanning our curated 9 dividend fortresses that focus on durability as much as payout.
• Target fast moving technology stories early by reviewing the hand picked 56 AI infrastructure stocks powering the backbone of artificial intelligence growth.
• Spot potential value before markets catch up by checking the carefully filtered list of solid balance sheet and fundamentals (49 results) that highlight financial strength alongside fundamentals.

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.