Industry Overview - The resurgence of nuclear power is driven by the needs of big tech and the growth of artificial intelligence (AI), as countries aim to meet rising energy demand [1] - Nuclear power accounts for nearly 20% of electricity generated in the U.S., with the Trump administration advocating for increased nuclear energy [1] Company Profiles Nano Nuclear Energy - Nano Nuclear Energy is a small-cap start-up founded in 2020, which went public in 2024, focusing on micro reactors and portable nuclear batteries for remote industrial sites, military bases, and space applications [3] - The company's micro-modular reactors (MMRs) are designed to be easier and less expensive to deploy than traditional reactors, with its flagship product being the Kronos MMR, acquired from Ultra Safe Nuclear Corporation [4] - As of the end of 2025, Nano reported a cash position of $203.3 million but had a net loss of $40.1 million, indicating it has several years before facing cash flow issues [5] Constellation Energy - Constellation Energy is a large-cap stock with the largest fleet of nuclear reactors in the U.S. and generates 10% of the clean energy in the U.S. through a diverse energy portfolio including nuclear, natural gas, geothermal, hydro, wind, and solar power [6] - The company reported revenue of $19.1 billion for the first nine months of 2025, reflecting a nearly 7% year-over-year increase, although its earnings per share (EPS) declined by 34% compared to the previous year [7] Stock Performance - Over the past year, Nano's shares have decreased by more than 27%, but they have increased by over 595% in the past three years [8] - Constellation's shares have fallen by more than 10% over the past year, while they have risen by more than 34% over the past three years [8]