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. (NYSE:NXE) 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 (OTC:DYLLF) 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.
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