Nuclear Power Stocks: 2025 Update and Outlook

Since our October 2024 discussion, the nuclear power sector has continued to heat up — no pun intended. This once-overlooked industry is now attracting significant attention as countries, corporations, and investors realize its critical role in a sustainable energy future.

From groundbreaking agreements to technological advancements, nuclear power stocks are showing strong momentum. If you haven’t joined the supercycle yet, don’t worry — there’s still time to take advantage of the opportunities unfolding before us.

Let’s revisit the top players, their recent progress, and why nuclear energy remains one of the most exciting areas for long-term investors.

Why Nuclear Energy Is Essential

It’s worth reiterating why nuclear power is a must-have in the zero-carbon energy mix. Wind and solar are fantastic but inherently intermittent.

Battery storage helps but is not yet scalable enough to meet global baseload energy demands. Nuclear energy, on the other hand, provides stable, around-the-clock power with zero carbon emissions.

In addition to the environmental benefits, geopolitical tensions and supply chain vulnerabilities have only strengthened the case for nuclear. The world’s dependence on uranium from countries like Russia and Kazakhstan has highlighted the need for localized, secure supply chains — and that’s where Western companies come in.

Small Modular Reactors: The Game-Changers

Small modular reactors (SMRs) are leading the charge in revolutionizing nuclear energy, and their makers make for some of the best nuclear power stocks.

Compact, efficient, and safer than traditional reactors, SMRs are drawing attention from both governments and private industries. Here are the key players and their recent strides:

• Oklo Inc. (OKLO):
  Oklo is quickly moving from concept to reality. In December 2024, the company signed a historic agreement with data center operator Switch to deploy up to 12 gigawatts of advanced nuclear power by 2044. This agreement represents one of the largest corporate clean power commitments ever. Oklo’s SMRs are tailored to meet the specific energy demands of businesses, making them a unique and scalable solution for industrial decarbonization.
• NuScale Power (SMR):
  NuScale has been making waves, with significant project developments and increasing market visibility. The company is pushing forward to deliver operational SMRs by the late 2020s. Its innovative reactors are already drawing attention from international partners, ensuring that NuScale is well-positioned to capture a growing share of the market.
• Brookfield Renewable Partners (BEP):
  As the owner of Westinghouse, Brookfield Renewable Partners offers investors a unique opportunity to benefit from the nuclear renaissance. Westinghouse recently secured approvals for four new nuclear reactors, a move that positions Brookfield as a key player in the global energy transition. Not to mention, BEP’s diversified renewable energy portfolio provides additional stability and growth potential.

Fueling the Reactors: Uranium Miners and Refiners

Nuclear reactors can’t function without uranium, and the global supply chain is under strain.

Western uranium miners and refiners are stepping in to meet demand, creating incredible opportunities for investors:

• Cameco Corporation (CCJ):
  Cameco remains a powerhouse in the uranium sector. With extensive operations in North America, the company is well-equipped to meet rising demand as geopolitical tensions limit supply from other regions. Cameco’s recent contract wins and expansion plans have fueled investor confidence, pushing its stock higher.
• F3 Uranium (FUUFF):
  F3 Uranium continues to impress as a high-potential exploration and development firm. With its speculative but promising assets, F3 is well-positioned to attract acquisition interest from larger mining firms. The trajectory of its parent company, Fission, suggests that F3 could follow a similar path toward a lucrative buyout.

The Broader Market Outlook

The global nuclear power market is growing rapidly. According to recent forecasts, capacity is expected to increase from 390.43 gigawatts in 2024 to 430.77 gigawatts by 2029.

This growth, driven by SMR adoption and international efforts to decarbonize, represents a compound annual growth rate (CAGR) of 2%. While the percentage may seem modest, the market’s long-term potential is enormous.

Nations like the U.S., Canada, and France are actively promoting nuclear energy as a key part of their energy strategies.

Meanwhile, corporations are also stepping up with significant private-sector investments, further solidifying nuclear’s place in the energy mix.

Don’t Miss the Supercycle

Despite their growing momentum, nuclear power stocks remain mostly underappreciated by mainstream investors. This disconnect creates a window of opportunity for savvy investors to get in before the rest of the world catches on.

So, to help you take advantage of this opportunity, I’m offering exclusive access to two premium reports on the resurgence of nuclear energy.

These reports dive deep into the companies driving innovation in SMRs and uranium refinement — companies that hold the key to the future of clean energy.

If you haven’t already, now is the time to explore these exciting opportunities. The nuclear supercycle is here, and the gains are just getting started.