NuScale vs. Oklo vs. GE Vernova: Ranking 3 Nuclear Stocks By Backlog, Not Hype.
Shares of small nuclear reactor providers are down big this year despite long-term growth potential.
In the realm of nuclear energy stocks, a new wave of hype is gaining momentum. The driving force behind this surge is the increasing demand for data centers, fueled by the rapid growth of artificial intelligence (AI) applications. These data centers require substantial amounts of energy, and as global demand for them has plateaued in recent years, traditional power grids struggle to accommodate the anticipated rise in power consumption.
Goldman Sachs research suggests that nuclear power will play a crucial role in meeting this burgeoning demand for energy infrastructure. In the United States alone, major tech companies have inked significant contracts for approximately 10 gigawatts (GW) of potential new nuclear capacity in the past year. The research firm predicts that three nuclear plants could be operational by 2030, meeting the growing needs of data centers powered by AI.
As investors weigh their options in the nuclear sector, three prominent companies stand out: NuScale Power, Oklo, and GE Vernova. This article aims to provide a comprehensive ranking of these nuclear stocks based on their respective backlogs, rather than succumbing to the hype surrounding the industry.
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