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 (NASDAQ:CEG) 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 (NASDAQ:CEG) 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. (NYSE:DNN) 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. (NYSE:BWXT) 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. (NYSE:BWXT) 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. (NYSE:BWXT) manufactures nuclear components and provides nuclear services across government and commercial markets.
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