3 Nuclear Fusion Stocks Energizing the Future

Core Insights - The article discusses the potential of nuclear fusion as a limitless source of clean energy and highlights companies investing in this technology, including Chevron, Cenovus Energy, and Eni [1][3][11]. Company Summaries - Chevron (CVX): Known for its hydrocarbon-focused business, Chevron has also invested in nuclear fusion, notably in Zap Energy, a startup developing modular nuclear reactors. Analysts project Chevron's sales to reach $200.48 billion by the end of the year, reflecting a growth rate of 6.8% from 2023's $187.73 billion [3][4][14]. - Cenovus Energy (CVE): This Canadian integrated oil and gas company is also diversifying into nuclear fusion. For fiscal 2024, analysts expect Cenovus to generate $41.38 billion in revenue, indicating an 8.4% growth rate. The high-side estimate is just under $43 billion [6][7]. - Eni (E): Based in Italy, Eni is primarily involved in fossil fuels but is also looking to diversify into nuclear fusion. The company trades at a modest valuation of 0.52X trailing-year sales, compared to the sector average of 1.15X, and offers a forward yield of 6.8%. Eni has partnered with Commonwealth Fusion System to accelerate nuclear fusion energy development, aiming to provide electricity to the grid by the early 2030s [8][9][17].