Who Won and Who Lost in Nuclear Energy's Q2 Earnings

Core Viewpoint - Nuclear energy stocks have shown strong performance in 2025, with Constellation Energy up 44% and NuScale Power up 95% as of August 18, driven by favorable sentiments from AI hyperscalers and the Trump administration [1] Group 1: Constellation Energy - Constellation Energy reported Q2 results that exceeded Wall Street expectations, with revenue $1.2 billion higher than anticipated and adjusted earnings per share beating estimates by 9 cents [2] - Despite strong earnings, the market reaction was muted, with shares down approximately 5% since the report, likely due to unchanged guidance [3] - Analysts have raised price targets for Constellation, with the average target now around $375, suggesting a potential upside of nearly 17% [5] Group 2: NuScale Power - NuScale Power's Q2 earnings were disappointing, with revenue just over $8 million, falling short by $2.4 million, and a larger-than-expected loss [6] - Following the earnings report, shares dropped 12% and have declined over 20% overall, although the lack of revenue guidance complicates performance predictions [7] - Despite the earnings miss, analysts from UBS and Canaccord Genuity raised their price targets, indicating a neutral outlook for the company [8] Group 3: Other Nuclear Companies - Nano Nuclear Energy has not reported revenue yet, but its Q2 loss per share was better than expected, leading to a 2% rise in shares on August 15 [10] - However, shares fell nearly 11% after a downgrade from Ladenburg Thalmann, which lowered its price target significantly [10] - Oklo emerged as a clear winner in Q2, with shares rising 9% after being selected for three reactor pilot programs by the U.S. Department of Energy, leading to multiple analyst upgrades [12]