3 Nuclear Stocks With Catalysts As Energy Policy, AI Push Uranium Back In Play

Core Viewpoint - Nuclear stocks are experiencing renewed interest driven by President Trump's executive orders, with a focus on uranium mining and small modular reactors (SMRs) as potential investment opportunities in the context of rising AI-driven power demand [1]. Group 1: Company Insights - Cameco Corp is highlighted for its dominance in uranium and is given a Buy rating by Goldman Sachs with a target price of $65, indicating an approximate 11% upside [1]. - NuScale Power Corp has received approval for its 77 MW SMR design and is in discussions with five hyperscalers to supply power for data centers, although it faces caution from Goldman Sachs due to past project challenges [2]. - Constellation Energy is actively powering data centers for Meta Platforms and is expanding its nuclear capacity by an additional gigawatt, showcasing a stable growth trajectory [3]. Group 2: Industry Trends - The International Energy Agency projects that global nuclear investment could exceed $150 billion annually by 2030, reflecting a significant growth potential in the sector [3]. - Nuclear energy is favored for its ability to provide continuous power generation, unlike solar or wind, while also minimizing land use and managing waste effectively [3]. - Despite the current optimism, the nuclear sector has a history of challenges, including project delays and cost overruns, which investors should remain aware of [4].