Nuclear Energy Stocks Face an Uncertain Future as Uranium Demand Outpaces Supply

Nuclear energy stocks could face long-term struggles as demand will likely stress uranium supply lines. This comes as the U.S., Europe, Russia, and China all compete to increase nuclear energy production in the coming years to meet rising energy demands from growing populations and artificial intelligence (AI) data centers.

Cameco (CCJ) Vice President of Investor Relations Cory Kos confirmed as much in an interview with the Financial Times. He said the industry is on “a depletion curve that I don’t think many customers have realized.” Kos’ words hold weight as Cameco is the world’s largest publicly traded uranium company.

What This Means for Nuclear Energy Stocks

Energy stocks tied to nuclear power could face stifled growth as demand for uranium increases. That may change how the U.S. and Europe secure uranium as rising demand stresses current supply lines. This could force them to consider local sources and create alliances to better compete with China and Russia.

While these possibilities are on the table, they require collaboration that may be difficult under the current administration. President Donald Trump’s focus on trade wars and tariffs could hinder such agreements, causing more trouble for nuclear energy companies over the next several years.

Which Nuclear Energy Stocks Are the Best Investments?

Turning to the TipRanks stock comparison tool, traders will see some of the best stocks in the sector. NuScale Power (SMR), Vistra Energy (VST), GE Vernova (GEV), and Oklo (OKLO) all have Strong Buy ratings. GEV offers the most upside potential at 17.83% while Oklo stock may be overvalued with its possible 15.43% downside. SMR and VST are also strong investment candidates with their 16.98% and 14.77% upside potential. BWX Technologies (BWXT) may only have a Moderate Buy rating but its upside potential is the highest at 43.59%.

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