AI data centers are projected to increase U.S. electricity demand by 100% by 2050, requiring more new electricity generation than any period in history. Major tech companies, including Amazon, Meta, and Microsoft, are securing long-term agreements for nuclear power with firms like Constellation Energy. The U.S. government aims to quadruple nuclear capacity by 2050, with nuclear currently providing about 20% of U.S. electricity.
Investors are advised to consider two nuclear energy companies: Nano Nuclear Energy Inc. (NNE) and X-Energy, Inc. (XE), both trading under $25 per share. NNE projects a 90% upside based on Zacks price targets, reporting zero debt and $569 million in cash. It is working with the U.S. Nuclear Regulatory Commission for a construction permit, with expectations for completion by 2027. X-Energy, also backed by Amazon, has a project pipeline of 144 reactors and anticipates revenue growth to $845.9 million by FY27, with a potential market upside of 90% from current levels.
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