Future Value of a $5,000 Investment in Two Nuclear Energy Stocks Over a Decade

Key Points

• Constellation Energy and Cameco offer different investment opportunities in the nuclear energy sector.

• U.S. electricity use is projected to hit 4,269 billion kilowatt-hours in 2026, rising to 4,399 billion in 2027, according to the U.S. Energy Information Administration.

• The Trump Administration plans to quadruple U.S. nuclear capacity from about 100 gigawatts in 2024 to 400 gigawatts by 2050.

Constellation Energy operates the largest U.S. nuclear network and has a generating capacity of around 55 gigawatts. In its latest PJM Interconnection auction, electricity prices peaked at $325 per megawatt-day, indicating power scarcity, which could enhance Constellation’s earnings. The company anticipates base earnings per share to grow at an annual rate exceeding 20% from 2026 to 2029, with projected earnings of $6.65 to $6.75 per share in 2026. A $5,000 investment could potentially reach $11,500 by 2036, based on conservative growth assumptions.

Cameco, which operates two high-grade uranium mines in Canada, reported a 48% year-over-year increase in adjusted EBITDA to $423 million Canadian. The company has contracts averaging annual uranium deliveries of over 28 million pounds through 2030. Analysts estimate Cameco will earn approximately $1.66 per share in 2026, with potential growth scenarios suggesting EPS could range from $3.58 to $7.32 by 2036. A $5,000 investment at a share price of $87.36 could be worth between $4,100 and $12,600 by 2036, depending on growth assumptions.