To gain exposure to the nuclear energy sector, particularly small modular reactors (SMRs), with limited funds left available, you’ll want to focus primarily on publicly traded companies that are leading in SMR development or have significant involvement in nuclear energy. Below, I’ve compiled a list of five companies that are prominent in the nuclear energy space, with an emphasis on SMRs, based on their market presence, technological advancements, and investor interest. These are not investment recommendations but rather starting points for your due diligence (DD), as you requested. I’ve prioritized companies that are accessible to retail investors through public markets and have clear ties to SMRs or nuclear energy.
### Key Considerations:
- **Market Trends**: The nuclear energy sector, especially SMRs, is gaining traction due to increasing energy demands from AI data centers, decarbonization goals, and government support. The global SMR market was valued at $9.88 billion in 2023 and is projected to grow at a 3.6% CAGR through 2032.[](https://c3newsmag.com/five-of-the-worlds-leading-small-modular-reactor-companies/)
( CARG: Compound Annual Growth Rate.)
- **Risk+ **Risks**: Nuclear energy stocks, particularly in SMRs, can be volatile due to regulatory hurdles, high capital costs, and public perception challenges. Smaller companies like startups may carry higher risk but offer growth potential.
- **Your Portfolio**: Since you’ve invested in AI-focused stocks (NVDA, PLTR, TSLA), SMR stocks can diversify your exposure to clean energy, which complements AI’s energy demands.
- **Budget**: With limited funds, I’ve included a mix of established players and smaller, high-potential companies to balance risk and accessibility.
### Top 5 Nuclear Energy/SMR Companies for Your Consideration:
1. **NuScale Power Corporation (Ticker: SMR)**
- **Why**: NuScale is a leading U.S.-based company specializing in SMRs. Its NuScale Power Module (NPM), a 77 MWe scalable reactor, is the first SMR to receive U.S. Nuclear Regulatory Commission (NRC) design approval, positioning it for near-term deployment. NuScale has partnerships with the U.S. Department of Energy and global energy firms, and its stock has surged nearly 500% in 2024 due to AI-driven energy demand.[](https://www.nuscalepower.com/)[](https://www.economies.com/stocks/united-states-analysis/nuclear-reactor-companies-leading-the-charge-to-power-ai:-top-5-stocks-to-invest-in-today-113571)
- **Focus**: Pure-play SMR technology for power generation, data centers, and industrial applications.
- **Market Cap**: ~$5 billion (as of recent data).
- **Investment Angle**: Ideal for growth-oriented investors seeking a leader in SMR commercialization. Its modularity reduces costs and construction timelines compared to traditional reactors.[](https://www.energyandcapital.com/smr-stocks/)
- **Risk**: As a relatively new public company (IPO in 2022), it faces regulatory ( 这个已经解决了） and execution risks.
2. **BWX Technologies, Inc. (Ticker: BWXT)**
- **Why**: BWXT is a well-established nuclear technology company involved in SMRs, nuclear components, and services for commercial and government clients. It’s building the first U.S. advanced nuclear microreactor (Project Pele) for the Department of Defense, with delivery expected in 2026. Its diversified revenue streams (14% revenue growth in Q3 2024) make it a safer bet.[](https://c3newsmag.com/five-of-the-worlds-leading-small-modular-reactor-companies/)[](https://www.forbes.com/sites/investor-hub/article/best-nuclear-energy-stocks-to-buy-2025/)
- **Focus**: SMRs, nuclear services, and naval nuclear propulsion.
- **Market Cap**: ~$12 billion.
- **Investment Angle**: Offers stability with exposure to SMRs and government contracts. Analysts view it as a “safe bet” with legacy revenue.[](https://money.usnews.com/investing/articles/best-nuclear-energy-stocks-and-etfs-to-buy-now)
- **Risk**: Less of a pure SMR play compared to NuScale, which may dilute focus for SMR-specific investors.
3. **Oklo Inc. (Ticker: OKLO)**
- **Why**: Oklo is a fast-growing startup developing advanced fission SMRs for clean energy, backed by OpenAI’s Sam Altman (chairman)，
(编注： Sam Altman stepped down from his position as chairman of Oklo Inc. on April 22, 2025. His departure was announced by Oklo in a statement, according to various news sources. Jacob DeWitte, Oklo's CEO and co-founder, will take over as chairman）
and tech giants like Amazon and Google. （2025-05: 这些都是可撤销可变的， OKLO还没有REVENUE）。 Its stock surged 140% in October 2024 after securing deals for 2,100 MW with data center operators. Its designs emphasize safety and scalability for AI-driven energy needs.[](https://www.economies.com/stocks/united-states-analysis/nuclear-reactor-companies-leading-the-charge-to-power-ai:-top-5-stocks-to-invest-in-today-113571)[](https://bisresearch.com/insights/Top-10-startups-revolutionizing-data-center-energy-with-small-modular-reactors)
- **Focus**: Next-generation SMRs for data centers and industrial applications.
- **Market Cap**: ~$2 billion.
- **Investment Angle**: High-growth potential for speculative investors, especially given tech sector backing. Aligns with your AI investments (e.g., PLTR’s tech focus).
- **Risk**: Early-stage company with no commercial reactors yet, making it riskier. Regulatory and fuel supply challenges persist.[](https://www.businessinsider.com/small-modular-reactor-venture-capital-ai-data-centers-2025-3)
4. **GE Vernova Inc. (Ticker: GEV)**
- **Why**: Spun off from General Electric in 2024, GE Vernova is a major player in nuclear energy through its GE Hitachi Nuclear Energy division. It develops the BWRX-300 SMR, which offers cost and size advantages and is slated for deployment in the U.S. and Canada by 2029. GE Vernova’s global reach and 6,600+ patents add credibility.[](https://www.forbes.com/sites/investor-hub/article/best-nuclear-energy-stocks-to-buy-2025/)[](https://bisresearch.com/insights/Top-10-startups-revolutionizing-data-center-energy-with-small-modular-reactors)
- **Focus**: SMRs, nuclear services, and broader clean energy solutions (wind, gas, etc.).
- **Market Cap**: ~$80 billion.
trs - **Investment Angle**: A large-cap option for conservative investors wanting SMR exposure alongside diversified energy revenue. Less volatile than pure SMR plays.
- **Risk**: SMRs are a smaller part of its portfolio, so growth may be less tied to nuclear compared to NuScale or Oklo.
5. **Cameco Corporation (Ticker: CCJ)**
- **Why**: Cameco is one of the world’s largest uranium producers,（但不是最大的ENRICHED URANIUM producer， 需要更多DD） supplying fuel for nuclear reactors, including SMRs. While not an SMR developer, its role in the nuclear fuel cycle makes it a critical enabler. Uranium demand is rising with nuclear’s revival, and Cameco operates major mines in Canada and Kazakhstan.[](https://www.ig.com/en/trading-strategies/best-nuclear-energy-stocks-to-watch-250310) （ 体量最大核能公司，战线最长，从MINING到ENERGY输出， 相对不是很LEAN， CEO背景见先前文章）
- **Focus**: Uranium mining and fuel supply for nuclear reactors.
- **Market Cap**: ~$22 billion.
- **Investment Angle**: A stable, indirect play on nuclear energy growth, especially if uranium prices rise (recently at 18-month lows but with long-term potential). Suitable for diversification.[](https://www.ans.org/news/article-5451/investment-opportunities-for-nuclear-energy/)
- **Risk**: Exposed to commodity price volatility and less direct SMR exposure.
### Additional Option (if Budget Allows):
6. **NANO Nuclear Energy Inc. (Ticker: NNE)**
- **Why**: NANO Nuclear is a smaller, speculative player developing portable microreactors (ZEUS and ODIN) for remote and space applications. Its stock rose 85% in a month in 2024, driven by AI energy hype. It’s collaborating with the University of Illinois for NRC pre-application.[](https://finance.yahoo.com/news/nuclear-energy-stocks-hot-heres-190059591.html)[](https://nanonuclearenergy.com/)
- **Focus**: Micro-SMRs and advanced nuclear fuel transportation.
- **Market Cap**: ~$1 billion.
- **Investment Angle**: High-risk, high-reward for aggressive investors. Its microreactor focus is niche but aligns with future energy needs (e.g., space, remote sites).
- **Risk**: Very early stage with no operational reactors, making it the riskiest on this list.
### Top 3 SMR-Specific Picks:
If you want to focus strictly on the top three SMR players (as you mentioned “one of each of the top 3”), I recommend:
1. **NuScale Power (SMR)**: Leader in commercial-ready SMRs with NRC approval.
2. **Oklo (OKLO)**: High-growth startup with tech backing and AI data center focus.
3. **BWX Technologies (BWXT)**: Established player with SMR projects and stable revenue.
### Recommendations for Your DD:
- **Financials**: Check each company’s revenue, debt, and cash flow. NuScale and Oklo are pre-revenue, so focus on their funding (e.g., Oklo’s $700M raise in 2025). BWXT and GE Vernova offer stronger balance sheets.[](https://bisresearch.com/insights/Top-10-startups-revolutionizing-data-center-energy-with-small-modular-reactors)[](https://www.forbes.com/sites/investor-hub/article/best-nuclear-energy-stocks-to-buy-2025/)
- **Catalysts**: Look for regulatory approvals (e.g., NRC for NuScale), new contracts (e.g., Oklo’s 750 MW deal), or uranium supply developments for Cameco.[](https://www.reuters.com/business/energy/smr-firms-race-build-nuclear-fuel-supply-chain-2025-03-31/)
- **Risks**: Assess regulatory delays, public opposition, and fuel supply chain issues (e.g., HALEU shortages in the U.S.).[](https://www.businessinsider.com/small-modular-reactor-venture-capital-ai-data-centers-2025-3)
- **Allocation**: With limited funds, consider allocating 40% to a stable pick Hawkins (40% to a stable pick like BWXT or GE Vernova), 40% to a growth pick (NuScale or Oklo), and 20% to a uranium play (Cameco) to balance risk.
- **Resources**: Use platforms like Yahoo Finance, Seeking Alpha, or Motley Fool for stock analysis. Follow X posts from accounts like @StockSavvyShay or @Speculator_io for sentiment but verify claims.
### Final Notes:
- **Brokerage**: Ensure your brokerage (e.g., Robinhood, Fidelity) offers these stocks. All are listed on NYSE/NASDAQ, so they’re widely available.
- **Horizon**: SMRs are a long-term play (2030+ for most commercial deployments), so align with your investment timeline.[](https://www.businessinsider.com/small-modular-reactor-venture-capital-ai-data-centers-2025-3)
- **Tax Implications**: Consult a tax advisor for capital gains tax on potential profits, especially if trading frequently.
This list gives you a mix of SMR innovators, established nuclear players, and uranium exposure. Start your DD with NuScale, Oklo, and BWXT for SMR focus, and expand to GE Vernova and Cameco if funds allow. Let me know if you need help analyzing specific financials or news for these companies!
关于SMRs
NewLeaf2021 (2025-05-19 07:55:19) 评论 (2)To gain exposure to the nuclear energy sector, particularly small modular reactors (SMRs), with limited funds left available, you’ll want to focus primarily on publicly traded companies that are leading in SMR development or have significant involvement in nuclear energy. Below, I’ve compiled a list of five companies that are prominent in the nuclear energy space, with an emphasis on SMRs, based on their market presence, technological advancements, and investor interest. These are not investment recommendations but rather starting points for your due diligence (DD), as you requested. I’ve prioritized companies that are accessible to retail investors through public markets and have clear ties to SMRs or nuclear energy.
### Key Considerations:
- **Market Trends**: The nuclear energy sector, especially SMRs, is gaining traction due to increasing energy demands from AI data centers, decarbonization goals, and government support. The global SMR market was valued at $9.88 billion in 2023 and is projected to grow at a 3.6% CAGR through 2032.[](https://c3newsmag.com/five-of-the-worlds-leading-small-modular-reactor-companies/)
( CARG: Compound Annual Growth Rate.)
- **Risk+ **Risks**: Nuclear energy stocks, particularly in SMRs, can be volatile due to regulatory hurdles, high capital costs, and public perception challenges. Smaller companies like startups may carry higher risk but offer growth potential.
- **Your Portfolio**: Since you’ve invested in AI-focused stocks (NVDA, PLTR, TSLA), SMR stocks can diversify your exposure to clean energy, which complements AI’s energy demands.
- **Budget**: With limited funds, I’ve included a mix of established players and smaller, high-potential companies to balance risk and accessibility.
### Top 5 Nuclear Energy/SMR Companies for Your Consideration:
1. **NuScale Power Corporation (Ticker: SMR)**
- **Why**: NuScale is a leading U.S.-based company specializing in SMRs. Its NuScale Power Module (NPM), a 77 MWe scalable reactor, is the first SMR to receive U.S. Nuclear Regulatory Commission (NRC) design approval, positioning it for near-term deployment. NuScale has partnerships with the U.S. Department of Energy and global energy firms, and its stock has surged nearly 500% in 2024 due to AI-driven energy demand.[](https://www.nuscalepower.com/)[](https://www.economies.com/stocks/united-states-analysis/nuclear-reactor-companies-leading-the-charge-to-power-ai:-top-5-stocks-to-invest-in-today-113571)
- **Focus**: Pure-play SMR technology for power generation, data centers, and industrial applications.
- **Market Cap**: ~$5 billion (as of recent data).
- **Investment Angle**: Ideal for growth-oriented investors seeking a leader in SMR commercialization. Its modularity reduces costs and construction timelines compared to traditional reactors.[](https://www.energyandcapital.com/smr-stocks/)
- **Risk**: As a relatively new public company (IPO in 2022), it faces regulatory ( 这个已经解决了） and execution risks.
2. **BWX Technologies, Inc. (Ticker: BWXT)**
- **Why**: BWXT is a well-established nuclear technology company involved in SMRs, nuclear components, and services for commercial and government clients. It’s building the first U.S. advanced nuclear microreactor (Project Pele) for the Department of Defense, with delivery expected in 2026. Its diversified revenue streams (14% revenue growth in Q3 2024) make it a safer bet.[](https://c3newsmag.com/five-of-the-worlds-leading-small-modular-reactor-companies/)[](https://www.forbes.com/sites/investor-hub/article/best-nuclear-energy-stocks-to-buy-2025/)
- **Focus**: SMRs, nuclear services, and naval nuclear propulsion.
- **Market Cap**: ~$12 billion.
- **Investment Angle**: Offers stability with exposure to SMRs and government contracts. Analysts view it as a “safe bet” with legacy revenue.[](https://money.usnews.com/investing/articles/best-nuclear-energy-stocks-and-etfs-to-buy-now)
- **Risk**: Less of a pure SMR play compared to NuScale, which may dilute focus for SMR-specific investors.
3. **Oklo Inc. (Ticker: OKLO)**
- **Why**: Oklo is a fast-growing startup developing advanced fission SMRs for clean energy, backed by OpenAI’s Sam Altman (chairman)，
(编注： Sam Altman stepped down from his position as chairman of Oklo Inc. on April 22, 2025. His departure was announced by Oklo in a statement, according to various news sources. Jacob DeWitte, Oklo's CEO and co-founder, will take over as chairman）
and tech giants like Amazon and Google. （2025-05: 这些都是可撤销可变的， OKLO还没有REVENUE）。 Its stock surged 140% in October 2024 after securing deals for 2,100 MW with data center operators. Its designs emphasize safety and scalability for AI-driven energy needs.[](https://www.economies.com/stocks/united-states-analysis/nuclear-reactor-companies-leading-the-charge-to-power-ai:-top-5-stocks-to-invest-in-today-113571)[](https://bisresearch.com/insights/Top-10-startups-revolutionizing-data-center-energy-with-small-modular-reactors)
- **Focus**: Next-generation SMRs for data centers and industrial applications.
- **Market Cap**: ~$2 billion.
- **Investment Angle**: High-growth potential for speculative investors, especially given tech sector backing. Aligns with your AI investments (e.g., PLTR’s tech focus).
- **Risk**: Early-stage company with no commercial reactors yet, making it riskier. Regulatory and fuel supply challenges persist.[](https://www.businessinsider.com/small-modular-reactor-venture-capital-ai-data-centers-2025-3)
4. **GE Vernova Inc. (Ticker: GEV)**
- **Why**: Spun off from General Electric in 2024, GE Vernova is a major player in nuclear energy through its GE Hitachi Nuclear Energy division. It develops the BWRX-300 SMR, which offers cost and size advantages and is slated for deployment in the U.S. and Canada by 2029. GE Vernova’s global reach and 6,600+ patents add credibility.[](https://www.forbes.com/sites/investor-hub/article/best-nuclear-energy-stocks-to-buy-2025/)[](https://bisresearch.com/insights/Top-10-startups-revolutionizing-data-center-energy-with-small-modular-reactors)
- **Focus**: SMRs, nuclear services, and broader clean energy solutions (wind, gas, etc.).
- **Market Cap**: ~$80 billion.
trs - **Investment Angle**: A large-cap option for conservative investors wanting SMR exposure alongside diversified energy revenue. Less volatile than pure SMR plays.
- **Risk**: SMRs are a smaller part of its portfolio, so growth may be less tied to nuclear compared to NuScale or Oklo.
5. **Cameco Corporation (Ticker: CCJ)**
- **Why**: Cameco is one of the world’s largest uranium producers,（但不是最大的ENRICHED URANIUM producer， 需要更多DD） supplying fuel for nuclear reactors, including SMRs. While not an SMR developer, its role in the nuclear fuel cycle makes it a critical enabler. Uranium demand is rising with nuclear’s revival, and Cameco operates major mines in Canada and Kazakhstan.[](https://www.ig.com/en/trading-strategies/best-nuclear-energy-stocks-to-watch-250310) （ 体量最大核能公司，战线最长，从MINING到ENERGY输出， 相对不是很LEAN， CEO背景见先前文章）
- **Focus**: Uranium mining and fuel supply for nuclear reactors.
- **Market Cap**: ~$22 billion.
- **Investment Angle**: A stable, indirect play on nuclear energy growth, especially if uranium prices rise (recently at 18-month lows but with long-term potential). Suitable for diversification.[](https://www.ans.org/news/article-5451/investment-opportunities-for-nuclear-energy/)
- **Risk**: Exposed to commodity price volatility and less direct SMR exposure.
### Additional Option (if Budget Allows):
6. **NANO Nuclear Energy Inc. (Ticker: NNE)**
- **Why**: NANO Nuclear is a smaller, speculative player developing portable microreactors (ZEUS and ODIN) for remote and space applications. Its stock rose 85% in a month in 2024, driven by AI energy hype. It’s collaborating with the University of Illinois for NRC pre-application.[](https://finance.yahoo.com/news/nuclear-energy-stocks-hot-heres-190059591.html)[](https://nanonuclearenergy.com/)
- **Focus**: Micro-SMRs and advanced nuclear fuel transportation.
- **Market Cap**: ~$1 billion.
- **Investment Angle**: High-risk, high-reward for aggressive investors. Its microreactor focus is niche but aligns with future energy needs (e.g., space, remote sites).
- **Risk**: Very early stage with no operational reactors, making it the riskiest on this list.
### Top 3 SMR-Specific Picks:
If you want to focus strictly on the top three SMR players (as you mentioned “one of each of the top 3”), I recommend:
1. **NuScale Power (SMR)**: Leader in commercial-ready SMRs with NRC approval.
2. **Oklo (OKLO)**: High-growth startup with tech backing and AI data center focus.
3. **BWX Technologies (BWXT)**: Established player with SMR projects and stable revenue.
### Recommendations for Your DD:
- **Financials**: Check each company’s revenue, debt, and cash flow. NuScale and Oklo are pre-revenue, so focus on their funding (e.g., Oklo’s $700M raise in 2025). BWXT and GE Vernova offer stronger balance sheets.[](https://bisresearch.com/insights/Top-10-startups-revolutionizing-data-center-energy-with-small-modular-reactors)[](https://www.forbes.com/sites/investor-hub/article/best-nuclear-energy-stocks-to-buy-2025/)
- **Catalysts**: Look for regulatory approvals (e.g., NRC for NuScale), new contracts (e.g., Oklo’s 750 MW deal), or uranium supply developments for Cameco.[](https://www.reuters.com/business/energy/smr-firms-race-build-nuclear-fuel-supply-chain-2025-03-31/)
- **Risks**: Assess regulatory delays, public opposition, and fuel supply chain issues (e.g., HALEU shortages in the U.S.).[](https://www.businessinsider.com/small-modular-reactor-venture-capital-ai-data-centers-2025-3)
- **Allocation**: With limited funds, consider allocating 40% to a stable pick Hawkins (40% to a stable pick like BWXT or GE Vernova), 40% to a growth pick (NuScale or Oklo), and 20% to a uranium play (Cameco) to balance risk.
- **Resources**: Use platforms like Yahoo Finance, Seeking Alpha, or Motley Fool for stock analysis. Follow X posts from accounts like @StockSavvyShay or @Speculator_io for sentiment but verify claims.
### Final Notes:
- **Brokerage**: Ensure your brokerage (e.g., Robinhood, Fidelity) offers these stocks. All are listed on NYSE/NASDAQ, so they’re widely available.
- **Horizon**: SMRs are a long-term play (2030+ for most commercial deployments), so align with your investment timeline.[](https://www.businessinsider.com/small-modular-reactor-venture-capital-ai-data-centers-2025-3)
- **Tax Implications**: Consult a tax advisor for capital gains tax on potential profits, especially if trading frequently.
This list gives you a mix of SMR innovators, established nuclear players, and uranium exposure. Start your DD with NuScale, Oklo, and BWXT for SMR focus, and expand to GE Vernova and Cameco if funds allow. Let me know if you need help analyzing specific financials or news for these companies!