10 Best Nuclear Energy Stocks to Buy Right Now

7. Entergy Corporation (NYSE:ETR) 

Number of Hedge Fund Holders: 64

Entergy Corporation (NYSE:ETR) is counted among the best utility stocks to buy now. The stock has surged by more than 54% over the last year, putting it on the radar of several analysts. It was recently reported that Raymond James analyst J.R. Weston has initiated coverage of ETR with a Market Perform rating.

According to the analyst, Entergy Corporation (NYSE:ETR) has been an ‘exceptional’ stock performer in the large-cap electric utilities sector, especially with project wins such as AWS and Meta fueling its run.

It was announced late last year that Entergy Louisiana will power Meta’s $10 billion data center in Richland Parish. To meet the energy demands, the energy company plans to construct three new natural gas plants near the site at a cost of $3 billion.

Entergy Corporation (NYSE:ETR) owns and operates a fleet of nuclear reactors in four locations in the United States. With a renewed interest from Big Tech, the company is looking to expand its nuclear power output by upgrading its existing plants across the country.

Entergy Corporation (NYSE:ETR) is an integrated energy company that provides electricity to 3 million utility customers in Arkansas, Louisiana, Mississippi, and Texas.