Best 3 Nuclear Energy Stocks to Buy Right Now

The global demand for energy, particularly from artificial intelligence (AI) data centers, is driving a resurgence in nuclear power, which was previously deemed environmentally risky. Research from BloombergNEF predicts the U.S. data center industry's electricity consumption will more than double by 2035. Organizations like the International Atomic Energy Association and the World Nuclear Association anticipate a significant increase in global nuclear power production in the coming decades to meet this demand, as renewables alone cannot keep pace. In this context, companies involved in nuclear energy are seeing renewed interest. Cameco, a leading uranium supplier, is poised to benefit from projected growth in global uranium demand. Vistra, primarily a wholesale power producer using natural gas and coal, is making substantial investments in its nuclear power capacity specifically to serve data center customers. For instance, Vistra announced a 20-year agreement with Meta Platforms to supply 2,600 megawatts of electricity from three nuclear plants. Additionally, Amazon is reportedly planning a data center on one of Vistra's nuclear power plant properties in Texas. Another key player is NuScale Power, which is at the forefront of developing small modular reactors (SMRs). Its 77-megawatt power module is the only SMR to receive design approval from the U.S. Nuclear Regulatory Commission, enabling these compact reactors to be built closer to electricity consumption points, including AI data centers. While SMRs require significant planning and construction, they offer a faster deployment timeline compared to traditional large-scale power plants, with ABI Research expecting over 260 SMRs to be deployed by 2040.