Nuclear & Uranium
Nuclear & Uranium covers companies that mine uranium, convert and enrich fuel, build reactors and components, and supply radiation detection and monitoring. Capital flows to the theme as governments and utilities seek low-carbon baseload power, greater energy security, and new reactor technologies such as small modular reactors.
0 of 9 stocks are in a Stage 2 uptrend.
Stocks in this theme
| Ticker | Price | 1M | 3M | 1Y | Stage | Trend | vs 52w high |
|---|---|---|---|---|---|---|---|
| NXENexGen Energy Ltd. | $9.12 | -12.9% | -3.5% | +1.2% | Stage 4 | 1/7 | -34.48% |
| UECUranium Energy Corp | $9.45 | -22.8% | -10.4% | -32.0% | Stage 4 | 0/7 | -53.08% |
| CCJCameco Corp | $86.67 | -12.2% | -14.9% | +1.3% | Stage 4 | 1/7 | -35.36% |
| LEUCentrus Energy Corp | $139.49 | -18.6% | -16.1% | -55.8% | Stage 4 | 0/7 | -68.01% |
| MIRMirion Technologies, Inc. | $14.12 | -6.3% | -21.2% | -37.2% | Stage 4 | 0/7 | -52.54% |
| SMRNUSCALE POWER Corp | $7.9 | -15.0% | -21.2% | -79.2% | Stage 4 | 0/7 | -85.21% |
| UUUUEnergy Fuels Inc | $11.03 | -25.2% | -22.4% | -33.2% | Stage 4 | 0/7 | -60.21% |
| BWXTBWX Technologies, Inc. | $137 | -10.0% | -28.4% | -24.7% | Stage 4 | 0/7 | -42.54% |
| OKLOOklo Inc. | $37.02 | -8.8% | -29.4% | -66.5% | Stage 4 | 0/7 | -78.74% |
Deep dive
The theme groups miners, fuel-service firms, equipment and component manufacturers, reactor developers, and instrumentation vendors that support nuclear power. Miners extract uranium ore and produce yellowcake. Fuel-service firms convert and enrich uranium into fuel suitable for reactors. Equipment makers supply reactor cores, pressure vessels, and other heavy components while instrumentation firms provide radiation monitoring and testing equipment. Reactor developers design complete systems that utilities can deploy at different scales.
Demand for uranium and nuclear services is driven by efforts to reduce CO2 emissions while maintaining dependable grid output. Renewables add capacity but often lack steady output, so some utilities and policy makers favor nuclear for baseload and firming. Energy security concerns and supply chain disruptions increase interest in onshore production and diversified sourcing. New reactor designs aim to shorten construction times and lower operating costs, which attracts investment into developers and component suppliers.
The value chain splits into exploration and mining, conversion and enrichment, fuel fabrication, reactor construction and licensing, and ongoing operations and monitoring. Exploration and junior developers such as NexGen (NXE) and Uranium Energy (UEC) focus on resource definition and mine development. Producers such as Cameco (CCJ) and Energy Fuels (UUUU) operate mines and sell uranium concentrates. Centrus (LEU) provides enrichment and fuel-related services. BWX Technologies (BWXT) supplies reactor components and service work, while Mirion (MIR) supplies radiation detection, monitoring and measurement equipment. NuScale (SMR) and Oklo (OKLO) develop small reactor designs that aim to change how plants are built and sited.
The theme keeps working if several conditions hold. Policy support and clear regulatory paths for new reactors and fuel facilities matter, as do economics versus gas and renewables once system costs and carbon pricing are considered. Uranium market fundamentals are important: mine production, inventory levels, and contracting shape prices and revenue for miners. Technology milestones for small modular and advanced reactors must translate into timely licensing, manufacturing scale-up, and reliable operation. Risks include construction delays, cost overruns, shifts in public acceptance, and long-term waste and decommissioning obligations.