From Nasdaq: 2024-11-22 10:11:00

In today’s episode of Full Court Finance at Zacks, Wall Street sees nuclear energy stocks as a long-term investment in AI growth. Three top-performing nuclear energy stocks to consider are BWX Technologies, Vistra, and Oklo heading into December for potential long-term growth.

The U.S. aims for energy independence with nuclear power, which provides clean, reliable 24/7 power. Nuclear energy plants are 2X more reliable than natural gas and 3X more than wind and solar. Tech giants like Amazon, Alphabet, and Microsoft have invested billions in nuclear power deals for their energy needs.

The buildout of the nuclear-powered economy will cost trillions and take decades. The U.S. government pledges to triple nuclear energy capacity by 2050, with China and India also investing in nuclear energy. Three of the top 10 S&P 500 stocks in 2024 are nuclear energy companies, including Vistra.

BWX Technologies is a top supplier of nuclear technology and components. It’s expanding its manufacturing capacity to support investments in Small Modular Reactors and traditional large-scale nuclear reactors. BWXT posted a strong Q3 and is projected to grow revenue by 8% in 2024, with a Zacks Rank #2 (Buy).

Oklo is a next-gen nuclear fission company targeting AI data center energy needs. It went public in May and aims to sell nuclear power directly to customers like Amazon. With strong financials and industry connections, Oklo is a speculative buy with a Zacks Rank #2 (Buy) and upside potential.

Vistra owns a large competitive nuclear fleet and energy storage capacity. It benefits from U.S. energy growth efforts and is projected to grow revenue by 33% in FY24. VST shares soared 330% in 2024, outperforming the S&P 500. With dividend payments and growth potential, Vistra is a strong long-term nuclear energy investment.



Read more at Nasdaq: Soaring Stocks to Buy for AI and Nuclear Growth: VST, OKLO, BWXT