Core Insights - Constellation Energy Corporation (CEG) is focusing on Small Modular Reactors (SMRs) to meet increasing energy demands from sectors like data centers and artificial intelligence operators, viewing SMRs as a scalable and carbon-neutral power solution [1][9] - The modular design of SMRs allows for factory prefabrication and quicker on-site assembly, significantly reducing construction delays and upfront costs, making projects less risky and more appealing for financing [2] - CEG plans to utilize existing nuclear sites for SMR deployment, enhancing efficiency and leveraging current infrastructure [3] Strategic Partnerships - CEG signed a Memorandum of Understanding with Rolls-Royce Holdings plc in 2020 to explore the operation of compact nuclear power stations in the UK and internationally, utilizing CEG's operational experience to support SMR development [4] Regulatory and Development Plans - CEG is assessing options to extend its existing early site permit or obtain a new construction permit from the Nuclear Regulatory Commission (NRC) for developing an advanced nuclear reactor or SMR at the Clinton Clean Energy Center site [5] Market Position and Competitors - Companies benefiting from SMRs include NuScale Power Corporation, which has the only NRC-approved small modular reactor technology ready for deployment, and GE Vernova, which is advancing its BWRX-300 design to secure early projects in the market [6][7] Financial Performance - The Zacks Consensus Estimate indicates an EPS growth of 8.54% for 2025 and 25.99% for 2026, reflecting positive financial outlooks for CEG [8] - CEG shares have increased by 62.5% over the past year, outperforming the industry growth of 57.1% [9][13] Valuation Metrics - CEG is currently trading at a forward 12-month price-to-earnings ratio of 28.67X, which is higher than the industry average of 20.83X, indicating a premium valuation [11]

Core Insights - The increasing global demand for low-carbon energy sources is driving the adoption of nuclear small modular reactors (SMRs), with GE Vernova Inc. (GEV) making significant progress in this area [1][5] Company Developments - GE Vernova, through its joint venture GE Vernova Hitachi Nuclear Energy (GVH), is developing the BWRX-300 SMR, which can generate 300 megawatts (MW) of power and has a lower capital cost per MW compared to typical water-cooled SMRs [2] - The first BWRX-300 SMR is scheduled for commissioning in Canada in 2029 at Ontario Power Generation's Darlington New Nuclear Project site [2] - GE Vernova is actively pursuing strategic agreements to expand the deployment of its BWRX-300 SMRs, aiming to capture a larger market share as global nuclear capacity needs to triple by 2050 to meet net-zero targets [3] Strategic Partnerships - In July 2025, GVH and Fortum entered into an early work agreement for potential deployment of the BWRX-300 SMR in Finland and Sweden [4] - In May 2025, Emirates Nuclear Energy Company and GVH signed a Memorandum of Understanding (MoU) to evaluate the international deployment of BWRX-300 SMR technology [4] - GVH has also signed multiple MoUs with UK firms to enhance the deployment of BWRX-300 SMR in Great Britain [4] Market Performance - GE Vernova's shares have surged 238.4% over the past year, significantly outperforming the industry's 53.3% gain [8][9] - The company is currently trading at a forward 12-month price-to-earnings (P/E) ratio of 57.52X, which is a 175.3% premium compared to the industry average of 20.89X [10] Financial Outlook - The Zacks Consensus Estimate for GE Vernova's sales in 2025 and 2026 suggests year-over-year improvements of 6.4% and 10%, respectively [11]

Core Viewpoint - NuScale Power's stock experienced significant volatility, initially dipping over 7% in early 2025 after a remarkable 445% gain in 2024, but rebounded to a 120.6% increase by June 2025, largely driven by President Trump's support for the nuclear energy sector [1][2][4]. Group 1: Government Support and Regulatory Changes - President Trump's executive orders issued on May 23 aimed to modernize the nuclear energy industry, expediting the licensing process for new reactors and reducing testing times for advanced reactors, which is crucial for NuScale Power's commercial deployment of its SMR NuScale Power Module [4][5]. - The executive orders also directed the Department of Energy to classify AI data centers as "critical defense facilities," allowing for expedited approval and deployment of advanced reactors to power these facilities, presenting significant opportunities for NuScale Power [6]. Group 2: Market Interest and Investor Sentiment - NuScale Power's CEO, John Hopkins, indicated that the company is in discussions with several "tier 1" hyperscalers interested in purchasing power, which has further fueled investor excitement [8]. - Despite the stock's impressive performance, there are expectations of potential pullbacks due to the inherent volatility associated with growth stocks like NuScale Power, especially as the company is not yet profitable [9].

Core Viewpoint - Shares of Oklo Inc. and NuScale Power Corporation have seen significant increases of 195.7% and 118.9% respectively this year, driven by political support for nuclear energy [2] Group 1: Oklo Inc. - Oklo has received a notice of intent to award (NOITA) for a project at Eielson Air Force Base in Alaska, chosen by the Department of Defense to provide nuclear reactor technology [2][3] - The contract reflects confidence in Oklo's ability to deliver clean and secure energy solutions for mission-critical infrastructure, with plans to create a nuclear facility that operates independently from the electrical grid [3] - The Eielson-Oklo deal was initially announced in August 2023 but faced regulatory complications, highlighting the impact of political decisions on Oklo's operations [4] Group 2: NuScale Power Corporation - NuScale Power has also benefited from political support, particularly from an executive order aimed at increasing nuclear energy production by easing regulations [5] - The company is recognized for its advanced small modular reactor (SMR) technology, with its NuScale Power Module being the only SMR to receive design approval from the Nuclear Regulatory Commission (NRC) [6] - NuScale's first-quarter performance exceeded expectations, positioning the company for strong future growth amid favorable developments [7] Group 3: Comparative Analysis - Both Oklo and NuScale Power are positioned to benefit from increasing demand for SMRs due to the need for clean energy solutions, with Oklo planning to introduce its first SMR by late 2027 or early 2028 [8] - Oklo's recent DoD deal and NuScale's NRC approval create a competitive landscape where both companies are trading above key moving averages, indicating bullish trends [9][10] - Oklo is expected to achieve a higher earnings growth of 97.7% this quarter compared to NuScale's 64.5%, reflecting differing growth strategies [14]