2 Nuclear Stocks Worth Owning for the Entire Year as Power Demand Keeps Climbing

By Leo Sun – Apr 13, 2026 at 2:14PM ESTKey PointsCameco will profit from rising uranium prices.Oklo’s microreactors could make it easier and cheaper to build smaller nuclear reactors.In the decade after the 2011 Fukushima disaster, many countries throttled or paused their nuclear projects. As a result, many nuclear stocks fizzled out as investors focused on other types of clean energy -- such as solar, wind, and hydro power. But over the past three years, some of those nuclear stocks recovered and hit new highs. One of the major catalysts was the rapid growth of the power-hungry cloud, data center, and artificial intelligence (AI) markets, which drove more companies to restart their nuclear projects. Another major tailwind has been the development of smaller, safer, and more power-efficient reactors. Image source: Getty Images. From 2024 to 2050, the International Atomic Energy Agency expects the world’s nuclear capacity to expand by up to 2.6 times. To capitalize on that growth, investors should consider buying these two nuclear stocks today: Cameco (CCJ 0.41%) and Oklo (OKLO +5.65%). The uranium play: Cameco Cameco, based in Canada, mined 15% of the world’s uranium in 2025, making it the second-largest uranium miner after Kazakhstan’s Kazatomprom. It operates mines and mills in Canada, the U.S., and Kazakhstan. ExpandNYSE: CCJCamecoToday's Change(-0.41%) $-0.47Current Price$115.56Key Data PointsMarket Cap$51BDay's Range$113.56 - $116.3952wk Range$38.98 - $135.24Volume1.5MAvg Vol4MGross Margin26.70%Dividend Yield0.15% When uranium’s spot price plummeted from $62.25 per pound in 2011 to $35.00 in 2020, Cameco shut down its largest mines to stabilize its business. But the soaring demand for nuclear energy propelled uranium’s spot price to $84.25 at the end of this March, and Citi analysts believe its price could reach $100-$125 per pound this year. In 2021, Cameco doubled its stake in Global Laser Enrichment (GLE), its uranium enrichment joint venture with Silex, from 24% to 49%. In 2023, it partnered with Brookfield Asset Management to acquire Westinghouse Electric, one of the world’s largest nuclear technology companies. Those investments could diversify Cameco’s business away from its mines and make it a more diversified nuclear energy company. From 2025 to 2028, analysts expect Cameco’s revenue and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to grow at CAGRs of 8% and 12%, respectively. It isn’t cheap at 20 times this year’s sales, but it could deserve that premium valuation if uranium prices continue to rise and it expands its non-mining nuclear businesses. The next-gen reactor play: Oklo Conventional nuclear reactors are large, expensive, and difficult to deploy in remote areas. They also need to be refueled in stages every two years. Oklo addresses those issues with its Aurora microreactor, which generates only 1.5 MW on its own but can be connected to additional reactors to produce up to 75 MW per deployment. That modular design makes them ideal for remote and off-grid nuclear power plants. The Aurora also uses metallic uranium fuel pellets, which are denser, have better thermal resistance, and are cheaper to fabricate than the uranium dioxide fuel pellets used in conventional reactors. It also recycles its fuel in a closed loop, allowing it to last roughly a decade without refueling. ExpandNYSE: OKLOOkloToday's Change(5.65%) $2.84Current Price$53.09Key Data PointsMarket Cap$8.7BDay's Range$48.07 - $53.4352wk Range$19.89 - $193.84Volume170KAvg Vol9.3M Oklo hasn’t deployed any of its reactors or generated any meaningful revenue yet. However, it expects to deploy its first 75 MW Aurora Powerhouse reactor in Idaho in 2027. It also secured a U.S. Department of Defense contract to build a small reactor for Eielson Air Force Base in Alaska. From 2026 to 2028, analysts expect its revenue to rise from less than $1 million to $36 milion as it deploys those reactors and secures more contracts. Oklo might seem absurdly overvalued at 233 times its 2028 revenue. But if more countries adopt its microreactors to build smaller nuclear power plants, its sales could surge over the next few decades. Therefore, Oklo’s stock might still have significant upside for patient investors.Read NextApr 13, 2026 •By James HalleyCameco in 3 Years: What the Energy Supercycle Could Mean for This StockApr 11, 2026 •By James HiresThese Industrial Stocks Don't Come on Sale Often. Now Is the Time to Buy.Apr 9, 2026 •By Leo SunCameco Is One of 2026's Biggest Winners. Here's the 3-Year Outlook.Apr 6, 2026 •By Frank BassBest Nuclear Energy Stocks in 2026 and How to InvestApr 2, 2026 •By James HiresNuclear Power Is the Energy Story of the Decade.

This Stock Is Built to Last.Mar 26, 2026 •By James HiresGlobal Demand for This Industrial Stock May Be About to SoarAbout the AuthorLeo Sun is a contributing Motley Fool stock market analyst who has worked with the company since 2013, covering technology, consumer goods, industrial, and financial sectors. He became a self-made millionaire by age 40 through long-term investing, crediting lessons from Warren Buffett and Peter Lynch. Leo is a regular guest on CNBC Asia providing stock analysis on Chinese technology companies, including Tencent, Baidu, and Alibaba. He previously wrote for InvestorGuide and holds a bachelor’s degree in English from the University of Texas at Austin.TMFSunLionX@TMFSunLionStocks MentionedCamecoNYSE: CCJ$115.53(-0.44%)-$0.51CitigroupNYSE: C$125.35(+0.77%)+$0.96OkloNYSE: OKLO$53.10(+5.67%)+$2.85Brookfield Asset ManagementNYSE: BAM$45.97(+2.37%)+$1.07National Atomic Kazatomprom JscOTC: NATKY$79.00(+1.46%)+$1.14Silex SystemsOTC: SILXY$19.82(-1.71%)-$0.35*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.