3 Stocks to Buy to Ride the Nuclear Power Renaissance

Matt DiLallo, Neha Chamaria, and Reuben Gregg Brewer, The Motley Fool

Sat, May 31, 2025, 3:14 PM 6 min read

• NuScale Power is making nuclear power "small" -- and that's a big opportunity.

• Constellation Energy is the nation's leader in producing nuclear power.

• Cameco foresees huge demand for uranium to power nuclear plants.

• 10 stocks we like better than NuScale Power ›

President Trump recently signed an executive order aimed at giving the nuclear energy industry a boost. The president wants to overhaul the Nuclear Regulatory Commission and speed up the development of new nuclear power reactors in the country. The order could power a resurgence in the sector.

NuScale Power (NYSE: SMR), Constellation Energy (NASDAQ: CEG), and Cameco (NYSE: CCJ) stand out to a few Fool.com contributors as nuclear energy stocks that could benefit from the industry's renaissance. Here's a closer look at why they could produce powerful returns for investors if the nuclear energy sector's resurgence gains steam.

Reuben Gregg Brewer (NuScale Power): When President Donald Trump signed an executive order that will help to speed up the adoption of nuclear power in the United States, NuScale Power's stock rallied. A lot of nuclear power stocks did the same, but NuScale's rally brought the shares back up to all-time highs.

There's both risk and opportunity here. NuScale Power's price advance is being driven by emotions, since the company doesn't technically have a product to sell just yet. But the small modular nuclear reactors (SMRs) it is attempting to build are a very exciting advance in nuclear power.

SMRs are built in a factory, which makes them cheaper, easier, and quicker to build than large, site-built nuclear power plants. Their small size also means they can be transported to where they are needed and placed closer to population centers. The inclusion of modern safeguards, meanwhile, reduces the risk of a high-profile meltdown.

If NuScale Power can start selling its SMRs, it has a huge opportunity ahead of it as nuclear power demand increases. The most exciting thing here, however, is that the big turning point for the business is likely to take shape later in 2025. That's when RoPower, a Romanian power company, will make the final call on whether it will buy six SMRs from NuScale Power. Once the first deal is inked, additional deals are likely to be easier to come by.

A lot has to go right for NuScale Power before it has a sustainably profitable business, making execution a risk to keep close tabs on. But if the dominos keep falling into place, the nuclear renaissance could lead to material long-term gains for early investors in this growth stock.