Nuclear energy stocks, including NuScale Power (SMR) and Oklo Inc. (OKLO), have surged over 100% in the last month as investors pivot back to high-potential stocks. According to reports, major players like Constellation Energy (CEG) and Cameco (CCJ) are viewed as safer long-term investments in the nuclear sector, driven by the U.S. government’s aim to triple nuclear energy capacity by 2050.
Constellation Energy is preparing to acquire Calpine for $27 billion, expanding its presence into major markets like Texas and California. Additionally, the company has secured significant long-term power purchase agreements with Microsoft and Meta, crucial for supporting their AI initiatives. In contrast, Cameco, the second-largest uranium producer, is expected to double its dividend from $0.12 to $0.24 per share by 2026 and is projected to grow adjusted earnings by 127% in FY25.
President Trump’s late May executive order aims to accelerate nuclear power innovation, as U.S. tech companies seek to reduce fossil fuel reliance. Global investment in clean energy technology is expected to reach $2.5 trillion by 2025.
