Nuclear Energy Stocks For AI Power Demand Including NuScale And Constellation

Inflation concerns and higher yields keep pressure on energy costs, which keeps attention on reliable power sources that are less exposed to fuel price swings. That is where nuclear energy stocks draw interest. For investors who do not want to sit on the sidelines, this screener highlights nuclear energy stocks across uranium, fuel cycle and reactor operations. This article walks through three stocks from the list that may warrant a closer look.

The three nuclear energy stocks discussed below are just a starting sample from a much wider opportunity set. The full screen surfaced 302 more companies across uranium, fuel cycle and reactor operations that also carry detailed narratives not covered here.

To go deeper into this theme, identify potential ideas that fit your own criteria and analyze them side by side, head straight to the Nuclear Energy Stocks screener.

NuScale Power (SMR)

NuScale Power focuses on small modular reactor technology through its NuScale Power Module, a 77 MWe light water reactor designed for commercial nuclear power generation, and bundles this with end to end plant design, licensing, operations, maintenance and fuel management services. The company currently generates about US$11 million in revenue from electric utility related work, all from the United States, which underlines how early it is in turning its SMR platform into a full commercial business. With a market cap of about US$4 billion, NuScale Power is already a sizeable nuclear-focused company that many investors are watching as SMRs move from design certification toward real projects.

NuScale Power gives you direct exposure to small modular reactors that already hold US Nuclear Regulatory Commission design certification and are being positioned for projects in Romania and a potential multi gigawatt program with TVA. The company is pre commercial, reports ongoing losses and has relied on fresh capital, so the timing and size of binding power purchase agreements and equipment orders will be crucial. Many investors are watching whether NuScale can convert its regulatory lead, supplier network and growing interest from data center operators into firm contracts, and how any such developments might affect its revenue mix and risk profile.

NuScale Power already has design certification and growing data center interest, yet its pre commercial losses and funding needs leave big questions. Get the full story in the 1 key reward and 3 important warning signs (1 is major!)

NYSE:SMR Earnings & Revenue Growth as at Aug 2026 Constellation Energy (CEG)

Constellation Energy produces and sells electricity, natural gas and related energy services across the United States, with a large nuclear fleet that supplies reliable baseload power alongside wind, solar, gas and hydro assets. The company reports US$31.3b of revenue from its Generation segment, which captures earnings from this diversified power portfolio, and has a market cap of about US$98.1b.

Constellation Energy provides exposure to one of the largest operators of nuclear power plants in the US at a time when big tech data centers and corporates are demanding around the clock carbon free power. Long dated, higher margin contracts for nuclear sourced electricity and the Calpine acquisition are reshaping earnings quality. However, heavy nuclear regulation, sizeable debt and a recent US$2.3b one off gain mean investors may need to look more closely at the underlying drivers. A key consideration is how these long term nuclear contracts and policy supports compare with the funding and regulatory risks that come with such a concentrated fleet.

Constellation Energy is reshaping its story around long dated nuclear contracts, and that US$2.3b one off gain could be masking something important. Get the full picture in the 4 key rewards and 2 important warning signs (1 is major!)

NasdaqGS:CEG Revenue & Expenses Breakdown as at Aug 2026 GE Vernova (GEV)

GE Vernova is an energy equipment and services company that supports the full electricity chain from generation to grid, with its Power segment designing, manufacturing and servicing gas, nuclear, hydro and steam technologies that link it directly to nuclear power projects. Revenue is primarily tied to Power at about US$21.0b, with Wind contributing roughly US$8.5b and Electrification about US$12.2b, so nuclear is an important but not dominant part of a broader portfolio. The stock has a market cap of roughly US$242.9b, which puts GE Vernova among the largest listed power equipment companies globally.

Investors looking at nuclear infrastructure have reason to pay attention to GE Vernova. Its Power segment supplies nuclear steam turbines and long term service for reactors, while Electrification is winning multibillion dollar grid and data center orders that tie into the same need for reliable baseload power. Earnings and free cash flow are strong, ROE is high, and a large order backlog offers visibility. However, the weaker Wind segment, heavy reliance on external funding and sizable one off gains and insider selling add complexity. The key question is how this mix of strength and pressure could reshape GE Vernova’s nuclear focused opportunity over the next few years.

GE Vernova’s strong earnings, high ROE and sizable order backlog suggest a story that many investors may be underestimating. Get the full context in the analysis report for GE Vernova

NYSE:GEV Past Earnings Growth as at Aug 2026 Curious About Fresh Investing Alternatives

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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.

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