Nuclear stocks have gone nuclear. At the moment, more than 80 global companies are developing nuclear reactors, especially with the growing demand for nuclear energy.
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President Donald Trump wants to quadruple nuclear power by 2050, according to BMO Capital Markets. And, according to an order from U.S. Secretary of Energy Chris Wright, “The long-awaited American nuclear renaissance must launch during President Trump’s administration. As global energy demand continues to grow, America must lead the commercialization of affordable and abundant nuclear energy. As such, the Department will work diligently and creatively to enable the rapid deployment and export of next-generation nuclear technology.”
We also have to remember that nuclear energy could be used to fuel the energy-intensive demands of data centers and artificial intelligence.
“Last year, both Amazon (NASDAQ: AMZN) and Microsoft (NASDAQ: MSFT) signed agreements to offtake power from nuclear power stations. Meta launched a request for proposals to identify potential nuclear energy developers to support 1.4GW of new nuclear generation capacity across the US. Data center operators have also backed small modular reactor (SMR) technology,” added Data Center Dynamics.
That being said, investors may want to consider stocks such as:
Nuclear Stocks to Buy: NexGen Energy (NXE)
NexGen Energy (NYSE: NXE), a company specializing in uranium exploration and development, is primarily focused on the Athabasca Basin. Its flagship project is the Rook I project, which includes significant discoveries such as Arrow and South Arrow.
Fueling momentum, the company just secured a new uranium offtake contract with a major U.S.-based utility company for the delivery of a million pounds per year of uranium for five years.
Nuclear Stocks to Buy: Cameco (CCJ)
Cameco Corp. (NYSE: CCJ) is a way to get to the source when it comes to buying nuclear stocks. The company is a leading producer of uranium and supplies the entire nuclear industry.
Since bottoming out at around $37 in April, Cameco is now up to $119. And there’s still plenty of upside remaining. Analysts at Bank of America and BMO Capital raised their price targets. Most recently, CLSA analysts just initiated coverage of CCJ with an outperform rating with a price target of $102 per share.
The firm added that the firm, which is already “well-positioned with substantial high-quality assets and market share across the nuclear fuel cycle, could ‘give customers a one-stop shop for the entire nuclear value chain’ from mine to reactor, making it ‘the most comprehensive play for the nuclear rejuvenation theme,’” as quoted by Tip Ranks.
Nuclear Stocks to Buy: Global X Uranium ETF (URA)
Of course, exchange-traded funds (ETFs) are a way for you to get broad exposure to nuclear stocks without having the risk that comes from picking one or more individual stocks. The Global X Uranium ETF (NYSEARCA: URA) provides investors with access to a broad range of companies involved in uranium mining and the production of nuclear components, including those engaged in extraction, refining, exploration, or the manufacturing of equipment for the uranium and nuclear industries.
The fund has an expense ratio of 0.69% and holds about 50 related uranium stocks, including NextGen Energy and Cameco. From a technical standpoint, the fund is up about 22% in 2026 as of this writing, but is down about 10% after hitting its 52-week high around $62 in late January. That could set up a buyable dip for patient, risk-tolerant investors.
The Nuclear Renaissance Is Becoming an Investable Megatrend
Nuclear energy is rapidly shifting from a long-debated concept to a practical solution for the world’s growing power needs—especially as AI, electrification, and data center expansion demand reliable, carbon-free baseload energy. Government support, long-term utility contracts, and renewed private-sector investment are creating a powerful tailwind across the nuclear value chain, from uranium producers to reactor developers.
Companies like NexGen and Cameco, along with diversified exposure through URA, offer investors multiple ways to participate in this structural shift. While volatility is always part of commodity-driven themes, nuclear’s multi-decade growth runway is becoming increasingly difficult for markets to ignore.
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