2 Nuclear Energy Stocks to Buy in February

By Courtney Carlsen – Feb 10, 2026 at 6:30PM ESTKey PointsNuclear energy is gaining favor as a low-carbon, efficient fuel source that can help power the industries of the future. Cameco is a major North American uranium producer with high-grade mines and other assets that should benefit from growing nuclear energy capacity. Centrus Energy provides enriched uranium and is looking to build its domestic processing capabilities at its Ohio plant. We’re bullish on these 10 stocks ›NYSE: CCJCamecoMarket Cap$53BToday's Changeangle-down(-2.15%) $2.59Current Price$118.09Price as of February 10, 2026 at 4:00 PM ETCountries across the world have committed to increasing their nuclear energy capacity, and these two stocks could benefit.Nuclear energy is enjoying a revival, as multiple countries look to nuclear power to help fuel their future. In the United States, President Donald Trump has set an ambitious goal to quadruple the country's nuclear energy capacity by 2050. Not only are there strong tailwinds from demand, but supplies are also tightening due to geopolitical risk, as Russia is a major uranium supplier. Nuclear stocks have surged over the past year but have recently pulled back amid recent market volatility, creating an opportunity to buy Cameco (CCJ 2.15%) and Centrus Energy (LEU 4.14%) in February. Here's what investors need to know. Image source: Getty Images. Cameco is a high-grade North American uranium miner Cameco is a North American-based uranium miner with high-grade mines, MacArthur River and Cigar Lake, which account for a large share of the world's high-quality uranium supply. The company also holds a stake in the Inkai joint venture in Kazakhstan and provides refining and fuel manufacturing services. ExpandNYSE: CCJCamecoToday's Change(-2.15%) $-2.59Current Price$118.09Key Data PointsMarket Cap$53BDay's Range$117.56 - $120.9852wk Range$35.00 - $135.24Volume3.5MAvg Vol4.2MGross Margin26.64%Dividend Yield0.14% The stock has surged, trading up 395% since the start of 2023. The company stands to benefit from rising demand as countries look to triple their nuclear energy capacity by 2050. Not only that, but in May 2024, following Russia's invasion of Ukraine, President Joe Biden signed the "Prohibiting Russian Uranium Imports Act." While some companies have waivers to purchase uranium if there are no viable alternatives, these waivers will expire on Jan. 1, 2028. The combination of these two factors could bode well for Cameco. The company is headquartered in Canada and could be a key supplier for North American customers. Not only that, but it also has a 49% stake in Westinghouse, which provides services to nuclear plants and new-build technologies, such as the AP1000 reactor. Last year, the U.S. government committed $80 billion to building nuclear reactors in a joint agreement with Cameco, Westinghouse, and Brookfield Renewable Partners (which owns the other 51%). Centrus Energy provides enriched uranium and seeks domestic processing capabilities Centrus Energy provides nuclear fuel components for utilities' nuclear reactors, including low-enriched uranium (LEU) and natural uranium hexafluoride, which is used to produce LEU. ExpandNYSE: LEUCentrus EnergyToday's Change(-4.14%) $-11.44Current Price$264.80Key Data PointsMarket Cap$5.0BDay's Range$261.36 - $276.8052wk Range$49.40 - $464.25Volume36KAvg Vol1.1MGross Margin28.85% The company currently sources its uranium from global suppliers, including from Orano in France and TENEX in Russia. While Centrus currently has a waiver to import LEU, there is an urgent need to replace Russia's sourced enriched uranium, which accounts for approximately one-quarter of U.S. imports. Centrus Energy was awarded a $900 million task order from the Department of Energy to expand its uranium enrichment capacity at its Piketon, Ohio, plant. The company aims to enrich uranium domestically, producing both LEU and high-assay low-enriched uranium (HALEU), which is used in advanced reactors designed by companies like TerraPower, Westinghouse Electric, and Oklo. It is currently the only producer of HALEU for both commercial and national security applications licensed by the Nuclear Regulatory Commission. Both Cameco and Centrus Energy trade at expensive valuations at 74 times and 66 times their projected 2026 earnings, respectively, making them vulnerable to large price swings. However, if you are bullish on the long-term nuclear energy buildout, I think these are two stocks worth holding for the next decade and beyond.Read NextFeb 10, 2026 •By Leo SunWhere Will Cameco (CCJ) Stock Be in 10 Years?Feb 5, 2026 •By Leo SunWhy This High-Growth Energy Tech Stock Could Someday Pay a Monster DividendJan 31, 2026 •By Reuben Gregg BrewerShould You Buy Cameco While It's Below $124?Jan 27, 2026 •By James HiresAfraid to Buy AI Stocks at These Valuations?

Consider This Energy Play InsteadJan 25, 2026 •By Rich SmithThe Smartest Nuclear Stock to Buy With $500 Right NowJan 22, 2026 •By James HiresNuclear Play for 2026 and Beyond: Should You Buy Cameco Stock While It's Below $125?About the AuthorCourtney Carlsen is a contributing Motley Fool stock market analyst covering financial, real estate, industrial, and energy stocks.

Before The Motley Fool, Courtney was a lead senior auditor for the State of Florida. He holds a master’s degree in accounting from the University of Florida.TMFCourtCarlsenStocks MentionedCamecoNYSE: CCJ$118.09 (2.15%) $2.59Centrus EnergyNYSE: LEU$264.80 (4.14%) $11.44*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.