The nuclear energy sector is emerging as a potential boom in the global economy as the need for alternatives to fossil fuels intensifies. Constellation Energy Corp. (NASDAQ: CEG) stands out, with a market capitalization nearing $100 billion, making it a leader in U.S. nuclear power. The company has secured a 20-year contract with Meta Platforms Inc. (NASDAQ: META) to power its facilities in Illinois, indicating strong market trust and growth potential.
Additionally, NuScale Power Corp. (NYSE: SMR) is gaining attention as the Nuclear Regulatory Commission (NRC) focuses on small nuclear reactor developments. Citigroup analyst Vikram Bagri has set a valuation target of $46 per share for NuScale, forecasting a 28% upside from current levels. Meanwhile, Cameco Corp. (NYSE: CCJ), a key uranium supplier, trades at 96% of its 52-week high with a $100 price target from analyst Andrew Wong, suggesting a potential 38% upside.
