In this article, we will look at the Top 10 Nuclear Energy Stocks to Invest in for the Next Decade.
The International Energy Agency (IEA) forecasts that nuclear power generation will reach an all-time high globally in 2025, building on strong recent momentum. Global nuclear generation increased by 3.5% in 2024, following a 2.1% rise in 2023. The IEA estimates that global nuclear generation will rise by 2.3% annually on average between 2025 and 2026.
Goldman Sachs projects that nuclear power growth may surpass the IEA’s estimates, driven primarily by rising investment levels. The investment bank’s analysts note that “global investment in nuclear power generation grew at a compound annual growth rate of 14% between 2020 and 2024, following almost five years of no growth in spending.” Based on this investment trajectory, Goldman Sachs analysts project that “annual reactor requirements to increase to around 164,000 tons by 2045, and this does not account for secondary demand from utilities buying to stockpile inventories, governments, or individual purchasers.”
Market performance data supports the sector’s growth potential. The MVIS Global Uranium & Nuclear Energy Index (MVNLR), which tracks companies in the global nuclear energy and uranium industries, has significantly outperformed the S&P 500. Over the past five years, the MVNLR has returned 162.13% compared to the S&P 500’s 14.89%. Year-to-date performance shows the MVNLR up 34.88%, while the broad market index has increased by 5.50%. The following analysis examines individual nuclear energy stocks positioned within this expanding market.
Our Methodology
To identify the top 10 nuclear energy stocks to invest in for the next decade, we analyzed several financial media reports and holdings from leading nuclear energy ETFs, including the VanEck Uranium and Nuclear Energy ETF (NLR), Global X Uranium ETF (URA), and Sprott Uranium Miners ETF (URNM), to establish a comprehensive list of stable and well-established companies. From this initial screening, we shortlisted companies with the highest hedge fund ownership levels as of Q1 2025, leveraging institutional investor sentiment as our primary selection criterion. The list is in ascending order.
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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Top Nuclear Energy Stocks to Invest in for the Next Decade
10. Ur-Energy Inc. (NYSE:URG)
Number of Hedge Fund Holding: 11
Ur-Energy Inc. (NYSE:URG) is one of the top 10 nuclear energy stocks to invest in for the next decade. Ur-Energy Inc. (NYSE American: URG) appointed Matthew D. Gili as its new president, effective June 30, as part of its succession planning and strategic expansion.
Gili, a seasoned mining executive and professional engineer, brings leadership experience from i-80 Gold, Nevada Copper, Barrick, and Rio Tinto. His appointment comes amid strong market momentum for Ur-Energy, which maintains a healthy liquidity position despite a recent cash burn.
Under his employment agreement, Gili will earn a $430,000 annual base salary and receive 175,000 stock options. He is eligible for executive benefits and protected by standard non-solicitation and non-disclosure clauses. If terminated without cause or if he resigns for good reason, he will receive a severance equal to 2.5 years of base salary. The company confirmed that there are no prior affiliations or family ties between Gili and existing leadership.
Ur-Energy Inc. (NYSE:URG) is a uranium mining company. It explores for, develops, and produces uranium, primarily through its Lost Creek in-situ recovery facility in Wyoming, USA. The company’s main product is uranium concentrate (also known as yellowcake), which is used as fuel for nuclear power plants.
9. NuScale Power Corporation (NYSE:SMR)
Number of Hedge Fund Holding: 18
NuScale Power Corporation (NYSE:SMR) is one of the top 10 nuclear energy stocks to invest in for the next decade. On June 18, the company announced breakthrough research focused on developing an integrated energy system that can clean water and produce hydrogen more efficiently.
The system has two critical capabilities. First, a single NuScale Power Module (NPM) can produce approximately 150 million gallons of clean water per day without generating carbon dioxide. Second, a scalable plant with 12 NPMs could provide desalinated water for a city of 2.3 million residents while also generating surplus power to electrify 400,000 homes.
NuScale’s innovative approach uses the leftover brine (a byproduct of the desalination process) as an industrial feedstock for hydrogen production. This hydrothermal chemical decomposition method eliminates the need for water electrolysis, resulting in reduced energy consumption, lower water usage, and lower costs.
The company said that this project is made possible by partnerships with experts at the U.S. Department of Energy’s Pacific Northwest National Laboratory (PNNL). The project aims to address critical global challenges, including water scarcity, brine remediation, and the growing demand for clean hydrogen.
NuScale Power Corporation (NYSE:SMR) is a nuclear technology company. It designs and commercializes small modular reactors (SMRs). Its flagship product is the NuScale Power Module, which uses light-water reactor technology.
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