3 US Nuclear Energy Stocks With Balance Sheet Strength And Growth

Global growth signals are mixed, with services cooling in places like the UK and euro area while manufacturing pockets in Japan, Australia and India still show some resilience. In that kind of backdrop, many investors are looking at themes that do not rely solely on fast economic expansion, and nuclear energy stocks fit that bill for those who believe in reliable, large scale power. The Nuclear Energy Stocks screener helps you focus on companies involved in uranium, enrichment and reactor operations. Below, the article highlights 3 stocks from this screener that stand out on business quality, balance sheet strength and exposure to long term nuclear demand.

Overview: NuScale Power develops and licenses small modular nuclear reactors, offering its NuScale Power Module and related engineering, regulatory, construction, and long term operations services to utilities and industrial customers seeking reliable, low carbon power.

Operations: NuScale currently generates about US$18.7m in revenue from electric utility related services, all from the United States.

Market Cap: US$4.1b

NuScale Power is drawing attention because it already holds U.S. Nuclear Regulatory Commission approval for its small modular reactor design and is tied into potential large scale projects, including Romanian and U.S. TVA deployments, as AI data centers search for reliable, carbon free baseload power. Forecast revenue growth of 54.22% a year indicates how quickly the business could scale if contracts progress, yet the company remains loss making, relies on external funding, and has diluted shareholders, so execution risk is a consideration. For investors willing to accept volatility and near term losses in return for exposure to a first mover in SMRs with active partnerships and an expanding project pipeline, NuScale Power may warrant closer examination beyond the headlines.

NuScale Power’s accelerating SMR opportunity and forecast revenue growth of 54.22% grab headlines, but the real puzzle is how funding needs and dilution shape the upside. Get the full context in the analyst forecasts for NuScale Power

Overview: American Electric Power Company is a large U.S. utility that generates electricity from coal, gas, nuclear and renewables, then delivers it to retail and wholesale customers through an extensive network of power plants, high voltage transmission lines and local distribution grids.

Operations: AEP generates most of its roughly US$22.4b in revenue from Vertically Integrated Utilities (US$13.1b) and Transmission and Distribution Utilities (US$6.2b), with additional contributions from AEP Transmission Holdco (US$2.4b) and Generation & Marketing (US$3.0b), all in the United States.

Market Cap: US$70.9b

American Electric Power Company sits at the center of two powerful themes in the Nuclear Energy Stocks screener: rising grid demand from AI data centers and regulated infrastructure that can support nuclear and other low carbon power sources. Earnings growth of 9.26% a year is paired with a 56 GW data center load pipeline and a more focused, regulated business mix. Together these factors indicate a long runway of potential rate base expansion. At the same time, heavy reliance on external borrowing, a dividend not well covered by free cash flow, recent equity issuance and relatively new management introduce funding and execution risk. For investors who want to understand whether this trade off still looks attractive, the full AEP story is worth a closer look.

American Electric Power Company’s earnings growth story sits at the intersection of AI driven grid demand and regulated returns. However, the funding trade offs are easy to miss; start with the 4 key rewards and 2 important warning signs (1 is major!)

Overview: GE Vernova is an energy infrastructure company that supplies equipment and services to generate, move, store, and manage electricity. Its operations span gas and nuclear power plants, hydro and steam technologies, wind turbines, and grid and software solutions across major global markets.

Operations: GE Vernova generates about US$20.3b from Power, US$10.8b from Electrification, and US$8.7b from Wind, with a small offsetting amount from eliminations and other items.

Market Cap: US$303.0b

GE Vernova gives you direct exposure to the build out of AI data center power infrastructure, with a large installed base of around 7,000 gas turbines and over US$31b of unearned service revenue that supports recurring, higher margin work. At the same time, management is working through issues in the Wind segment, where legacy offshore contracts, cost pressures, and project disputes weigh on profitability and raise questions about future restructuring. Earnings growth has recently been very large, margins are much stronger than a year ago, and major data center and grid orders highlight the scale of demand. However, the stock trades at a premium and relies heavily on external borrowing. The real question for investors is how durable this new earnings profile will be as AI and electrification spending evolves.

GE Vernova’s surge in AI related power and grid orders, backed by US$31b in unearned service revenue, could be masking a very different long term earnings path. To explore this further, start with the analyst forecasts for GE Vernova

The three nuclear energy stocks covered here are only a starting point, and the full Nuclear Energy Stocks screener surfaces 298 more companies with equally compelling narratives across uranium supply, enrichment capacity and reactor technology. Use Simply Wall St to identify and analyze the specific catalysts and narratives that matter to you, so you can filter for the nuclear energy opportunities that best match your own approach.

Take Control of Your Investment Journey

If American Electric Power Company or any of these companies have caught your attention, register for FREE with Simply Wall St and add your companies to a Watchlist to monitor the share price against the fair value and track any new developments as they happen.
Once you’ve made your move, manage your holdings with our Portfolio Command Center that filters out the noise to deliver only the most critical, actionable updates.
Throughout your journey, our Community allows you to filter the best ideas from thousands of investor perspectives.
By uncovering hidden catalysts and risks early, you’ll accelerate your decision-making and stay one step ahead of the market.

Seeking Fresh Alternatives Beyond Nuclear?

Fresh stock ideas do not stay under the radar for long, and once momentum builds, ideal entry points can be gone. Scan these curated picks before the crowd and consider your options early.

• Identify companies with healthier finances by checking the curated 45 high quality undervalued stocks while the gap between price and quality still matters.
• Explore the next wave of AI infrastructure demand by reviewing the hand picked 49 AI infrastructure stocks before capital flows in and reprices these opportunities.
• Focus on resilient cash generators that keep paying investors by using the carefully filtered 7 dividend fortresses while yields remain compelling and payout strength holds.

This article by Simply Wall St is general in nature. We provide commentary based on historical data
and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your
financial situation. We aim to bring you long-term focused analysis driven by fundamental data.
Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com