In this article, we will explore the Top 10 Nuclear Energy Stocks to Invest in for the Next 5 Years.
Nuclear power entered 2026 with an already large operating base and a sizeable construction pipeline, while small modular reactor, or SMR, developers remained mostly in the commercialization stage rather than broad deployment. The IAEA’s Nuclear Technology Review 2025, using end-2024 data, said 417 reactors were operating in 31 countries with a total capacity of 377 GW, while 62 reactors totaling 64.5 GW were under construction. It also reported 2,617.5 TWh of nuclear electricity generation in 2024. Separately, the World Nuclear Association said global nuclear generation reached a record 2,762 TWh in 2024, with 410 reactors generating electricity and a global average capacity factor of 83%.
That operating backdrop contrasts with the public-equity side of the SMR industry. NuScale Power reported 2025 revenue of $31.5 million and a net loss of $664.5 million. Oklo reported a 2025 net loss of $105.7 million and said it expects substantial spending to continue as it develops projects. NANO Nuclear reported a fiscal 2025 net loss of about $40.1 million and highlighted its cash position rather than commercial revenue. In plain accounting terms, these companies still appear to be funding licensing, engineering, and development ahead of commercial operation.
The data also makes the path to profitability fairly mechanical. These companies need reactor approvals, customer contracts, project financing, construction progress, and then operating assets that can generate recurring revenue. On timing, the IEA said in its 2025 outlook that the first commercial SMR projects are expected around 2030, which helps explain why listed SMR names still screen more like development-stage companies than mature power producers. The earnings outlook for the industry over the next five years is more about reducing net losses.
So the industry outlook is two-track: existing nuclear is growing again now, while SMRs remain a longer-dated deployment story backed by policy, investment, and project development rather than broad commercial operation today.
Methodology
We used Industry-relevant ETFs to identify stocks expected to grow earnings by at least 25% over the next 5 years, 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.
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10. NexGen Energy Ltd. (NYSE:NXE)
NexGen Energy Ltd. (NYSE:NXE) is one of the top nuclear energy stocks to invest in for the next 5 years.
On March 5, 2026, NexGen said the Canadian Nuclear Safety Commission approved the environmental assessment for its 100%-owned Rook I Uranium Project and issued the Licence to Prepare Site and Construct, giving the project its final federal approval. The company said this came 14 business days after the final two-part commission hearing concluded on February 12, 2026. It added that Saskatchewan’s provincial environmental assessment approval had already been received in November 2023, along with the other required provincial authorizations.
NexGen said the approval clears the way for full construction, with official construction set to begin in summer 2026 and the build expected to take four years from commencement. The company said Rook I, located in Saskatchewan’s Athabasca Basin, is capable of producing up to 30 million pounds of uranium annually once in production.
NexGen Energy Ltd. is a Canadian uranium developer focused on the Rook I Project in Saskatchewan, a 100%-owned development-stage asset that hosts the Arrow deposit. The company is also listed on the TSX under NXE and on the ASX under NXG.
9. Deep Yellow Limited (OTC:DYLLF)
Deep Yellow Limited (OTC:DYLLF) is one of the top nuclear energy stocks to buy in the next 5 years.
On March 6, 2026, Deep Yellow released its half-year financial report for the period ended December 31, 2025, outlining continued work across its Namibian and Australian uranium assets. The company reported a consolidated loss from continuing operations after tax of $7.78 million, compared with $2.47 million in the prior-year period, while total expenses rose to $11.79 million from $8.77 million. Cash and at-call deposits stood at $187.15 million at period-end, down from $217.37 million at June 30, 2025. Capitalized mineral exploration and evaluation expenditure increased to $334.83 million, and property, plant, and equipment rose to $125.48 million, including $119.30 million tied to the Tumas Project.
The company said Tumas remained its main development focus. By December 31, 2025, detailed engineering was more than 60% complete, bulk earthworks were about 24% complete, and more than 70% of major process plant equipment had been tendered. Deep Yellow also said an independent technical expert completed due diligence on Tumas in December and found no material issues. At Mulga Rock, the company continued work on a revised DFS, which is scheduled for completion in Q3 CY2026.
Deep Yellow Limited is a uranium-focused exploration and development company with projects in Namibia and Australia, including the Tumas Project, Mulga Rock Project, and Alligator River Project.
8. Uranium Energy Corp (NYSE:UEC)
Uranium Energy Corp. (NYSE:UEC) is one of the top nuclear energy stocks to invest in for the next 5 years.
On March 11, 2026, HC Wainwright analyst Heiko Ihle maintained a Buy rating on Uranium Energy and raised the price target to $26.75 from $26.50. The note followed the company’s fiscal second-quarter 2026 results and argued that UEC remained well funded for its production ramp, citing about $486.3 million in cash and cash equivalents, physical uranium inventories valued at roughly $144 million, completed construction at Burke Hollow, and additional header-house work at Christensen Ranch.
The quarterly context came a day earlier, on March 10, when UEC reported results for the quarter ended January 31, 2026. Revenue was $20.2 million and gross profit was $10.0 million from selling 200,000 pounds of U3O8 at $101 per pound, above the quarter’s average uranium spot price of $80.76 per pound. The company posted liquid assets of $818 million, including $486 million in cash, with no debt at quarter-end.
Management said the quarter reflected both operational progress and market positioning. CEO Amir Adnani said UEC completed construction of the Burke Hollow ISR mine, expanded production capacity in Wyoming and South Texas pending approvals, and benefited from an unhedged inventory strategy in a strengthening uranium market.
Uranium Energy Corp. is a U.S.-focused uranium company advancing ISR mining projects, conventional projects, and uranium inventories, while also pursuing domestic refining and conversion capabilities.
7. Energy Fuels Inc. (NYSE:UUUU)
Energy Fuels Inc (NYSE:UUUU) is one of the top nuclear energy stocks to invest in for the next 5 years.
On February 26, 2026, Energy Fuels reported its 2025 results and 2026 guidance. The company recorded uranium concentrate revenue of $48.2 million on sales of 650,000 pounds of U3O8, up from $37.9 million in uranium revenue in 2024. Total 2025 revenue was $65.9 million, while net loss widened to about $85.6 million, or $0.38 per share, from $47.8 million, or $0.28 per share, a year earlier. Management said the larger loss was mainly due to higher ongoing costs after the Base Resources acquisition, including roughly $15 million in added SG&A tied to a larger workforce and broader operations.
Operationally, the company mined about 1.72 million pounds of contained U3O8 and produced 1.015 million pounds of finished U3O8 in 2025, both above its revised guidance. Management said unit costs declined in the fourth quarter as the White Mesa Mill began processing higher-grade, lower-cost Pinyon Plain ore, with total recovered uranium costs for the current mill run expected to be roughly $23 to $30 per pound. The company also ended 2025 with $927.4 million in working capital and guided for 1.5 million to 2.0 million pounds of uranium sales in 2026. Following the results, on February 27, H.C. Wainwright maintained a Buy rating, raised their price target, and viewed 2025 as a transformational year for the stock, even as revenue was slightly down.
Energy Fuels Inc is a U.S.-based critical materials company focused on uranium, rare earth elements, heavy mineral sands, vanadium, and medical isotopes, and it owns the White Mesa Mill in Utah, the only fully licensed and operating conventional uranium mill in the U.S.
6. enCore Energy Corp. (NASDAQ:EU)
enCore Energy Corp. (NASDAQ:EU) is one of the top nuclear energy stocks to invest in for the next 5 years. On March 9, 2026, enCore Energy reported financial and operational results for the year ended December 31, 2025, saying output from its South Texas operations continued to improve as better wellfield efficiency supported stronger uranium extraction. The company extracted 699,807 pounds of U3O8 in 2025, up 242% from 2024, and delivered about 655,000 pounds into contracts at an average selling price of $65.89 per pound and a weighted average cost of $51.09 per pound. Net loss per share improved to $(0.30) from $(0.34) a year earlier. Inventory stood at 132,013 pounds at a cost of $37.77 per pound, while cash and equivalents totaled $52 million and total liquidity reached $96 million at year-end.
Management also said February 2026 warrant exercises brought in about $18.1 million in cash, which it plans to use for South Texas infrastructure and wellfield development, as well as permitting and construction planning across its uranium project pipeline. The company said it also bought additional inventory in late 2025 to meet 2026 delivery commitments as permitting timelines at the Upper Spring Creek satellite facility extended beyond initial expectations.
enCore Energy Corp. is a U.S.-focused uranium company that uses in-situ recovery extraction and operates multiple central processing plants, with project interests in South Texas, South Dakota, and Wyoming.
5. Oklo Inc. (NYSE:OKLO)
Oklo Inc. (NYSE:OKLO) is one of the top nuclear energy stocks to invest in for the next 5 years.
On March 17, 2026, Oklo said the U.S. Department of Energy approved the Nuclear Safety Design Agreement for Atomic Alchemy’s Groves Isotopes Test Reactor in Texas under the DOE’s Reactor Pilot Program. The company said the approval followed the signing of the facility’s Other Transaction Agreement in January and marked another step in the project’s authorization pathway. With the NSDA approved, the project now moves into the next phase under DOE oversight, with Atomic Alchemy set to submit its Preliminary Documented Safety Analysis for review.
Oklo said the Groves facility is meant to help gather operating data, refine processes, and support future licensing submissions and later deployments. The company also said the reactor is intended to help establish more dependable domestic isotope production for uses including cancer diagnosis and treatment, advanced manufacturing, scientific research, space exploration, and national security. In the release, Oklo added that many isotopes are currently sourced from overseas suppliers or aging facilities. Atomic Alchemy is targeting criticality for the Groves facility by July 4, 2026.
Oklo Inc. is an advanced nuclear technology company developing fast fission power plants, isotope production capabilities, and nuclear fuel recycling technologies.
4. Ur-Energy Inc. (NYSE:URG)
Ur-Energy Inc. (NYSE:URG) is one of the top nuclear energy stocks to invest in for the next 5 years.
On March 12, 2026, H.C. Wainwright & Co. maintained its Buy rating on Ur-Energy Inc. and lowered its price target to $2.30 from $2.60. Public summaries of the note indicated the target change reflected recent dilution and expectations for higher 2026 spending, while the firm remained constructive on the company’s outlook.
The rating came two days after Ur-Energy reported year-end 2025 results. On March 10, 2026, the company said revenue was $27.2 million for 2025, down from $33.7 million in 2024, while net loss widened to $74.9 million from $53.2 million. Ur-Energy also reported cash and cash equivalents of $123.9 million at year-end. Management said Lost Creek operations improved during 2025, with pounds of U3O8 captured rising 40% from 2024, and noted that higher production helped reduce per-pound costs and improve uranium profit margins.
Ur-Energy Inc. is a U.S. uranium mining company focused on in-situ recovery uranium projects in Wyoming. It operates the Lost Creek facility in south-central Wyoming and is advancing the Shirley Basin project.
3. NuScale Power Corporation (NYSE:SMR)
NuScale Power Corporation (NYSE:SMR) is one of the top nuclear energy stocks to invest in for the next 5 years.
On March 19, 2026, NuScale Power said it had entered a strategic partnership with Ebara Elliott Energy to support the development, demonstration, and field testing of an industrial-scale high-temperature steam compressor designed to integrate NuScale Power Modules with petrochemical plants that need process heat. The companies said the program will cover development, manufacturing, and integration of key turbomachinery and energy-conversion systems for petrochemical applications.
NuScale said its modules are designed to produce process steam at 500°C or higher for industrial uses, with the steam isolated from outside facilities through an intermediate heat exchanger and then raised to a higher temperature through adiabatic compression. Ebara Elliott Energy brings more than 100 years of turbomachinery experience and has thousands of units operating globally in chemical facilities. NuScale added that the compressor project is already underway, with a target completion date in 2027.
Founded in 2007, NuScale Power Corporation develops advanced small modular reactor technology. Its NuScale Power Module is a pressurized water reactor that can generate 77 megawatts of electricity per module, with plant configurations scalable up to 924 MWe.
2. Denison Mines Corp. (NYSE:DNN)
Denison Mines Corp. (NYSE:DNN) is one of the top nuclear energy stocks to invest in for the next 5 years.
On March 12, 2026, TD Securities analyst Craig Hutchison maintained a Buy rating on Denison Mines and raised the price target to C$6.50 from C$6.00. The rating came two days after the company reported 2025 financial and operating results and reiterated that it had reached a final investment decision to build the Phoenix in-situ recovery uranium mine.
In its March 10, 2026, release, Denison said Phoenix site preparation and construction were planned to begin later in March 2026, with first production still targeted for mid-2028. The company said it had received the final regulatory approvals needed to start construction, had completed about 87% of the total engineering by the end of 2025, and had updated the project’s post-FID initial capital estimate to about $600 million.
Denison also pointed to a stronger funding position, having completed a US$345 million convertible senior notes offering in August 2025. Separately, the McClean Lake Joint Venture produced 648,558 pounds of U3O8 in finished goods during 2025 at an average operating cash cost of about $36 per pound.
Denison Mines Corp. is a uranium mining, development, and exploration company with interests focused mainly in Canada’s Athabasca Basin, including the Wheeler River project.
1. Centrus Energy Corp. (NYSE:LEU)
Centrus Energy Corp. (NYSE:LEU) is one of the top nuclear energy stocks to invest in for the next 5 years.
On March 12, 2026, Centrus Energy said it partnered with Palantir Technologies Inc. to use Palantir’s Foundry and Artificial Intelligence Platform in support of Centrus’ multi-billion-dollar expansion of uranium enrichment capacity in Piketon, Ohio. The company said the software will be used across project controls, engineering, manufacturing execution, supply chain management, and regulatory compliance.
Centrus said early work from the partnership, which began in late January, had already identified nearly $300 million in potential cost savings and efficiencies. The company also said the effort had identified opportunities to reduce manufacturing lead times and accelerate the timeline for bringing new enrichment capacity online. Chief Executive Officer Amir Vexler said the partnership follows Centrus’ recently announced EPC partnership with Fluor and is aimed at reducing unit costs and improving execution as the company scales its enrichment technology for commercial deployment.
Centrus Energy Corp. is an American supplier of nuclear fuel and services for the nuclear power industry. The company says it has provided utility customers with more than 1,850 reactor-years of fuel since 1998 and is also advancing High-Assay, Low-Enriched Uranium production and broader U.S. uranium-enrichment capacity.
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