Investment in nuclear energy stocks like BWX Technologies, Oklo, Amazon, Vistra, and Nvidia is highlighted

From Nasdaq: 2024-11-25 02:29:00

Zacks Investment Ideas highlights nuclear energy stocks BWX Technologies, Oklo, Amazon, Vistra, and Nvidia as investments in AI growth. Nuclear energy is seen as a clean, reliable power source for a power-hungry economy. Companies like Amazon, Alphabet, and Microsoft are investing billions in nuclear power deals in 2024.

BWX Technologies is expanding its manufacturing capacity to support nuclear energy growth, with deals in advanced reactor technologies. The company posted a strong Q3 and is expected to grow revenue by 8% in 2024. BWXT stock has climbed 350% in the last 10 years.

Oklo, a fission technology firm, aims to build smaller nuclear power plants to meet the energy needs of AI data centers. The company plans to deploy its first reactor by 2027. Oklo’s stock has seen a 330% rally since September, with strong upward earnings revisions and a solid balance sheet.

Vistra, the second-largest competitive nuclear fleet owner, is benefitting from energy growth efforts in the U.S. The company is projected to grow revenue by 33% in FY24 and 13% next year. Vistra stock has soared 330% in 2024, making it a top performer in the S&P 500.

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Read more at Nasdaq: Zacks Investment Ideas feature highlights: BWX Technologies, Oklo, Amazon, Vistra and Nvidia