Top 2 Nuclear Stocks to Own Amid Rising Power Demand
Filmogaz.com analysis: Investors looking for top nuclear stocks to own as power demand rises should study two names. These companies benefit from rising demand from cloud, data center, and AI markets. Global moves toward modular reactors and fuel innovations are also key catalysts.
Why nuclear is regaining investor interest
After the 2011 Fukushima disaster, many countries slowed or paused nuclear projects. That shift pushed capital toward solar, wind, and hydro power for years.
Over the past three years, several nuclear stocks recovered and reached new highs. The International Atomic Energy Agency forecasts nuclear capacity could grow up to 2.6 times between 2024 and 2050.
Cameco: the uranium play
Cameco is a Canadian uranium miner. In 2025 it produced about 15% of the world’s uranium, second to Kazakhstan’s Kazatomprom.
| Market cap | $51B |
| Current price (reported) | $117.54 |
| 52-week range | $38.98 – $135.24 |
| Gross margin | 26.70% |
| Dividend yield | 0.15% |
Uranium prices fell from $62.25 per pound in 2011 to $35.00 in 2020. Prices then rose to about $84.25 per pound by the end of March. Citi analysts project $100–$125 per pound this year.
Cameco’s strategic moves
In 2021 Cameco increased its stake in Global Laser Enrichment from 24% to 49%. In 2023 it joined Brookfield Asset Management to acquire Westinghouse Electric.
Analysts forecast Cameco’s revenue and adjusted EBITDA to grow at CAGRs of about 8% and 12% from 2025 to 2028. The firm trades near 20 times this year’s sales.
Oklo: the next-gen reactor play
Oklo develops the Aurora microreactor. Each unit produces 1.5 MW and can be combined to reach 75 MW per deployment.
| Market cap | $10B |
| Current price (reported) | $64.51 |
| 52-week range | $19.89 – $193.84 |
The Aurora uses metallic uranium fuel pellets. The design allows closed-loop fuel recycling and roughly a decade of operation without refueling.
Deployment timeline and financial outlook
Oklo aims to deploy a 75 MW Aurora Powerhouse in Idaho in 2027. It holds a U.S. Department of Defense contract for Eielson Air Force Base in Alaska.
Analysts expect revenue to climb from under $1 million in 2026 to about $36 million in 2028. That implies a high valuation, near 233 times projected 2028 revenue.
Investor considerations
Rising power demand from cloud and AI infrastructure supports renewed interest in nuclear. Small modular reactors and fuel innovations add practical use cases.
For investors seeking the top 2 nuclear stocks to own amid rising power demand, these companies offer different risk and reward profiles. Cameco is commodity-focused and cash-generating. Oklo is early-stage and growth-oriented.
Filmogaz.com will continue tracking developments in uranium markets and microreactor deployments. Investors should weigh timelines, valuations, and regulatory milestones before acting.
