The Motley Fool·2025-11-26 09:20Industry Overview - Nuclear energy is experiencing a renaissance due to rising electricity demands, government initiatives, and recognition of its safety and cleanliness [1] - The market for nuclear energy projects is seeing a resurgence, with start-ups capitalizing on this trend and their stock prices increasing [1] Company Analysis: NuScale Power - NuScale Power has developed a small modular reactor (SMR) that is the only one approved by the Nuclear Regulatory Commission (NRC) [4] - Each SMR can generate 77 megawatts of power, but none have been built yet, as utilities are still exploring potential uses [4] - The company has a market capitalization of approximately $7 billion and holds close to $1 billion in cash [6] - Despite having an approved reactor design, NuScale has not secured any contracts with utility providers and has never generated a profit [7] Company Analysis: Oklo - Oklo is focused on fast-reactor technology that uses recycled nuclear fuel, aiming for a more cost-effective and efficient process [5] - The company plans to vertically integrate its supply chain with its own nuclear recycling facility and a radioisotopes business, but its reactor designs are not approved by the NRC [5] - Oklo has a market capitalization of around $13 billion and has generated zero revenue since its inception [2][5] Investment Comparison - Between NuScale Power and Oklo, NuScale is considered a better investment due to its approved reactor design and stronger cash position [6] - Oklo's lack of an approved reactor design and higher market cap suggests it may take years to generate revenue, if at all [6] - Overall, while NuScale appears to be a better option, neither stock is recommended for a rational investor's portfolio [8]