In this article, we will look at the 8 Must-Buy Nuclear Energy Stocks to Invest In.
Nuclear energy has been moving back into focus after years of being sidelined in favor of renewables, and the shift is tied to a more practical reality around power demand. The conversation is no longer just about decarbonization targets but about reliability and scale. As electricity demand rises, particularly from energy-intensive technologies, intermittent sources alone are proving insufficient. This has pushed policymakers and investors to revisit nuclear as a stable source of baseload power, especially in regions where energy security has become a more immediate concern.
Institutional investors are increasingly framing nuclear energy as a necessary component of the evolving energy mix. Schroders notes that “the outlook for nuclear power – and the industries and companies tied to it – may be brightening,” adding that “more recent concerns over energy security are another factor driving a re-emerging interest in nuclear power.” At the same time, Franklin Templeton points out that “today’s advanced technologies are extremely energy intensive,” and highlights that “tech companies are turning to nuclear power for its reliability and scalability.” The firm adds that “we believe nuclear energy will be crucial in meeting the rising domestic demand for electricity driven by AI and data center growth.”
Taken together, these suggest that nuclear energy is being reconsidered not just as a clean alternative, but as a practical solution to rising and more complex power needs. With that in mind, we take a closer look at the 8 Must-Buy Nuclear Energy Stocks to Invest In.
Our Methodology
We used screeners to identify nuclear energy stocks that have an upside potential of at least 20% and limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
8. Constellation Energy Corporation (NASDAQ:CEG)
On March 19, 2026, JPMorgan lowered the price target on Constellation Energy Corporation (NASDAQ:CEG) to $400 from $410 previously and maintained an Overweight rating after updating its model following the company’s fourth-quarter report.
On March 18, 2026, Constellation Energy Corporation announced an agreement with LS Power Equity Advisors to sell a portfolio of generation assets in PJM as part of regulatory commitments tied to its acquisition of Calpine.
The transaction, valued at $5B before adjustments, includes approximately 4.4 gigawatts of primarily natural gas-fired capacity across facilities in Delaware and Pennsylvania. Chief Executive Officer Joe Dominguez said the deal represents “an important step” in meeting Department of Justice requirements, adding that the company expects to complete the remaining obligations later this year.
Constellation Energy Corporation generates and sells energy products and services across multiple U.S. power markets.
7. Denison Mines Corp. (NYSE:DNN)
On March 12, 2026, TD Securities raised its price target on Denison Mines Corp. (NYSE:DNN) to C$6.50 from C$6 and maintained a Buy rating.
Last month, Denison Mines said the Canadian Nuclear Safety Commission approved the Environmental Assessment and issued the Licence to Prepare Site & Construct a Mine and Mill for the Wheeler River Uranium Project. With prior approval from the Province of Saskatchewan and other required provincial permits already in place, the company said these represent the final regulatory approvals needed to begin construction of the Phoenix in-situ recovery uranium mine. The decision followed staff recommendations and public input, including a two-part hearing held in October and December, and included conditions that Denison worked to satisfy ahead of time. As a result, the company said it is positioned to proceed with site preparation and begin construction once a final investment decision is made.
Earlier, Denison Mines awarded Wood Canada Limited a construction management contract to oversee development of the Phoenix in-situ recovery uranium mine following a competitive tender process, describing it as a “key milestone” and “another crucial step towards the commencement of construction.”
Denison Mines Corp. focuses on the acquisition, exploration, and development of uranium properties in Canada, including a majority interest in the Wheeler River project in Saskatchewan’s Athabasca Basin.
6. BWX Technologies, Inc. (NYSE:BWXT)
On March 12, 2026, TD Securities analyst Marc Bianchi initiated coverage of BWX Technologies, Inc. (NYSE:BWXT) with a Buy rating and a $230 price target. TD Securities highlighted the company’s “strong nuclear heritage” and described its technology-agnostic service model as “very attractive,” pointing to multiple growth opportunities that could translate into significant value, with further upside potential from current levels.
Last month, BWX Technologies, Inc. reported Q4 adjusted EPS of $1.08, above the 88c consensus estimate. Revenue totaled $885.8M compared with the $837.47M consensus estimate. CEO Rex Geveden said the company delivered a “strong fourth quarter” and a “record year,” noting that 2025 marked a milestone as BWXT expanded its offerings through acquisitions and secured high-value awards across both government and commercial segments, contributing to 50% backlog growth.
BWX Technologies, Inc. expects FY26 adjusted EPS of $4.55 to $4.70 versus the $4.30 consensus estimate and sees revenue of roughly $3.75B compared with the $3.67B consensus estimate.
BWX Technologies, Inc. manufactures nuclear components and provides nuclear services across government and commercial markets.
5. Oklo Inc. (NYSE:OKLO)
On March 18, 2026, Goldman Sachs analyst Brian Lee lowered the price target on Oklo Inc. (NYSE:OKLO) to $65 from $91 and maintained a Neutral rating. Goldman Sachs said the company reported higher-than-expected operating expenses in Q4 but met its 2025 adjusted operating cash use guidance, while pointing to significantly higher 2026 capex of $350M to $450M as Oklo advances regulatory approvals and construction. The firm added that liquidity has increased to about $2.6B following capital raised in Q1, positioning the company to progress development, including a target for its first reactor to come online in 2028.
B. Riley also lowered its price target on Oklo Inc. to $92 from $129 and maintained a Buy rating. The firm cited progress across Oklo’s power, fuel, and isotope businesses, including DOE approvals tied to its first Aurora plant, a prepayment agreement with Meta for up to 1.2 GW in Ohio, and continued advancement in fuel facility construction and isotope operations. B. Riley noted the company exited the quarter with $1.4B in cash and raised an additional $1.2B post-quarter, while guiding 2026 operating cash use of $80M to $100M and investing cash use of $350M to $450M.
On March 18, 2026, Oklo Inc. reported FY25 EPS of (72c) versus the (62c) consensus estimate. Operating expenses totaled $139.294M compared with $52.801M in the prior year.
Oklo Inc. develops advanced fission power plants designed to deliver clean and reliable energy.
4. Centrus Energy Corp. (NYSE:LEU)
On March 12, 2026, Centrus Energy Corp. (NYSE:LEU) announced a partnership with Palantir to apply AI-driven software tools to support its multi-billion-dollar uranium enrichment expansion. CEO Amir Vexler said the company is moving to “scale it for commercial deployment,” adding that integrating Palantir’s tools should help “meet and exceed operational excellence goals.” He also highlighted early efficiency gains, noting that “$300 million in savings…are only the beginning,” underscoring efforts to shorten lead times and reduce unit costs as Centrus builds out domestic enrichment capacity.
On March 5, 2026, UBS lowered its price target on Centrus Energy to $195 from $245 and maintained a Neutral rating. The firm cited limited near-term earnings upside due to the company’s contracted broker-trader model and ongoing capacity expansion, though it continues to view Centrus as well-positioned for a potential long-term nuclear build cycle.
Last month, Centrus reported Q4 EPS of 79c, below the $1.63 consensus estimate. Revenue came in at $146.2M versus the $147.08M consensus. The company ended 2025 with a total backlog of $3.8B extending to 2040. Vexler described 2025 as a “milestone year,” pointing to “continuous improvements” across both existing and future enrichment operations. He also emphasized a “$2.3 billion” LEU backlog and a government-backed HALEU mandate, positioning the company to serve both commercial and national security demand while advancing toward cost efficiencies at scale.
Centrus Energy Corp. supplies nuclear fuel components through its Low-Enriched Uranium and Technical Solutions segments.
3. NuScale Power Corporation (NYSE:SMR)
On March 19, 2026, NuScale Power Corporation (NYSE:SMR) announced a collaborative research program with Ebara Elliott Energy to develop and field test a commercial-scale high-temperature steam compressor aimed at integrating NuScale Power Modules with petrochemical plants requiring process heat. The company said its SMR technology remains the “first and only” design to receive approval from the U.S. Nuclear Regulatory Commission, reinforcing its positioning in advanced nuclear. The program will focus on the development and integration of turbomachinery and energy systems, with a target completion in 2027 as partners begin identifying candidates for field testing.
On March 18, 2026, UBS lowered its price target on NuScale to $13 from $20 and maintained a Neutral rating. The firm remains cautiously optimistic on U.S. nuclear development but flagged risks around capital intensity, project delays, and potential cost overruns.
Last month, NuScale reported FY25 revenue of $31.5M compared with $37M in the prior year. CEO John Hopkins described 2025 as a “breakthrough year,” citing progress in commercialization efforts and continued leadership as an SMR “first mover.” He pointed to a nonbinding agreement with TVA to deploy up to 6 gigawatts of SMR capacity and reiterated that NuScale remains the only SMR developer with an NRC-approved design, positioning the company at the forefront of next-generation nuclear deployment.
NuScale Power Corporation develops and commercializes small modular reactor technology through its NuScale Power Module platform.
2. Ur-Energy Inc. (NYSE:URG)
On March 12, 2026, H.C. Wainwright lowered its price target on Ur-Energy Inc. (NYSE:URG) to $2.30 from $2.60 and maintained a Buy rating, citing recent dilution.
Also on March 12, 2026, Northland lowered its price target on Ur-Energy to $1.85 from $2.15 and kept an Outperform rating. Northland said Q4 results included an updated Lost Creek technical report with higher operating expenses that more than offset about 1M pounds of net additional resource. Northland also noted that the startup for Shirley Basin has been pushed from Q1 to Q2 due to regulatory approval delays.
On March 10, 2026, Ur-Energy reported that pounds of U3O8 drummed rose by 161,231 pounds, or 65%, in 2025 to 410,440 pounds, with ending inventory at 406,089 pounds versus 335,327 pounds in 2024. Production improvements at Lost Creek continued, with pounds captured increasing by 105,147 pounds, or 40%, alongside higher flow rates and additional infrastructure. The company said it will continue focusing on plant optimization and flow rate improvements in 2026, while also advancing Shirley Basin toward commissioning, with management pointing to “strong execution” and improved operating performance across the portfolio.
Ur-Energy Inc. explores, develops, and operates uranium mineral properties in the United States.
1. PG&E Corporation (NYSE:PCG)
On March 18, 2026, JPMorgan raised the price target on PG&E Corporation to $24 from $21 and maintained an Overweight rating after updating models across the North America utilities group.
On March 9, 2026, UBS upgraded PG&E Corporation to Buy from Neutral and raised its price target to $23 from $20. UBS said improvements in California wildfire policy and affordability could drive upside, noting that potential phase two legislation ahead of the July 2 recess may reduce the company’s liability exposure. The firm added that PG&E’s current 43% price-to-earnings discount could narrow “meaningfully” as risks continue to decline.
Last month, PG&E Corporation reported Q3 core EPS of 36c, in line with the 36c consensus estimate. CEO Patti Poppe said the company made “real progress” in 2025, highlighting efforts to deliver safe, reliable, and affordable energy while lowering electric prices multiple times and preventing major wildfires for a third consecutive year. Poppe added that safety, reliability, and affordability remain central to the company’s priorities.
PG&E Corporation provides electricity and natural gas services to customers across northern and central California.
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