The Best 3 Nuclear Energy Stocks to Buy and Hold for Decades

Industry Overview - Nuclear energy is experiencing a resurgence as demand for energy increases, particularly due to the rise of AI data centers, positioning it as a clean and reliable baseload power source [1] - There is a global initiative to expand nuclear energy capabilities, with countries aiming to triple nuclear capacity by 2050, indicating strong support for the industry [2] Company Analysis: Cameco - Cameco is a leading North American miner with significant involvement in the nuclear value chain, being one of the largest providers of uranium and nuclear fuel products [5] - The company has a strong asset base, including high-grade mines in Canada and a 40% stake in Joint Venture Inkai, one of the largest uranium deposits globally [5][6] - Cameco operates the Blind River refinery, the largest commercial uranium refinery, and holds a 49% stake in Westinghouse Electric Company, which supplies about 50% of the global nuclear reactor fleet [6] - The company has a backlog of contracts ensuring future revenue, with commitments to deliver 230 million pounds of uranium over the next five years, averaging 28 million pounds annually [7][8] Company Analysis: GE Vernova - GE Vernova is a major power equipment provider, generating approximately 25% of the world's electricity, which allows for profitable long-term service contracts [9] - As of 2026, GE Vernova has $150 billion in remaining performance obligations, with $86 billion stemming from long-term service contracts, indicating a strong revenue stream [9]