AI Demand Fuels Nuclear Power Stocks: 3 Top Picks for Investors

AI-driven power needs have propelled interest in nuclear energy, with companies like BWX Technologies, NexGen Energy, and Vistra Corp leading the charge. As demand for reliable energy surges, these stocks could see substantial growth.

With AI data centers anticipated to require ten times the power by 2026, nuclear energy’s cost-efficiency and reliability have made it a top contender for long-term power solutions. The International Energy Agency (IEA) expects nuclear power generation to peak in 2025, and major corporations like Microsoft and Alphabet are already securing nuclear power sources. This heightened demand makes nuclear infrastructure stocks a crucial area for investors, with companies like BWX Technologies, NexGen Energy, and Vistra Corp poised for growth.

BWX Technologies, Inc. (NYSE: BWXT):
A critical player for U.S. and UK naval nuclear applications, BWXT is central to commercial nuclear applications, recently selected by Wyoming to deploy small-scale reactors. BWXT stock has surged by 64% year-to-date, with a positive revenue forecast for FY24. Analysts set an average price target of $131.14.

NexGen Energy (NYSE: NXE):
Focused on uranium, NexGen could become a top uranium supplier in North America. Its Rook I Project in Canada has high-grade uranium deposits, giving it a strategic edge. With uranium prices predicted to rise, NexGen’s potential is strong despite its higher risk profile. Analysts place NXE’s average price target at $8.79.

Vistra Corp. (NYSE: VST):
A leader in utility and nuclear power, Vistra’s recent acquisition of Energy Harbor solidifies its position as the second-largest nuclear power operator in the U.S. It’s a lower-risk option with stable dividends and hedged energy prices. The stock is up 263% year-to-date, with a price target of $163.11.

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