Nuclear Power Stocks To Buy In 2024

Keith Kohl

Written By Keith Kohl

Posted June 20, 2024

Nuclear power stocks have a problem. I’ll bet it subconsciously came to you just now, too. You may not have meant to conjure frightening images of mushroom clouds in your mind, but there’s a good chance that it’s the first thing that popped into your head. 

Don’t feel too bad, because you’re not alone. Go ahead and ask anyone around you to describe nuclear energy, and tell me what they say. 

The first thing they’ll describe is a horrific scene from World War II, the proliferation of nuclear weapons during the 20th Century, or perhaps they’ll start off with Chernobyl.  Maybe you’ll get a descriptive story of insidious people wearing hazmat suits from some evil corporation dumping barrels of toxic green ooze into a nearby river. 

These depictions couldn’t be further from the truth when it comes to today’s nuclear industry. 

However, it IS true that nuclear power does have a major issue, but it’s not what most people expect. 

It’s not concern over a nuclear explosion that we’re worried about, which is impossible with the reactors we use today. Nor is it a safety issue, considering nobody in the public has ever died in the history of the U.S. nuclear industry. The problem isn’t even nuclear waste, either, which surprises every single person I talk to. 

No, the problem is an image one. 

Nuclear Power: Solving an Energy Crisis

Let’s be crystal clear — nothing gives the kind of advantages that nuclear power does; no other source of power provides the amount of clean, reliable power on a massive scale. 

Last week, we talked a good bit about why we’re racing towards a serious power crunch here in the United States. Just taking the growing power demand we’ll need from things like data centers to fully embrace AI technology is staggering. You know as well as I do that an energy crisis may be the only thing that can bring the AI boom crashing back to Earth. 

But what most people don’t realize is that one of those solutions is nuclear power. We’re talking about a huge source of baseload power from plants that run 24/7 with absolutely zero emissions. 

And without it, we’re going to continue seeing what we just saw yesterday in India, where the second-largest coal consumer on the planet announced it was adding up to 15.4 GWof new coal-fired power capacity. 

For the record, that’s higher than it has been in a decade. 

Nuclear Power Stocks to Buy

Here in the U.S., we have a different sort of problem. While countries like India and China are bolstering their coal power capacity and hungry for more imports, coal’s story played out a little differently here. Our coal industry has been in a death spiral for over a decade, and we’re finally approaching a critical point when our aged coal fleet will experience an acceleration of retirements. 

There will be a point when the collective out there finally realizes that the path to net zero will be paved in clean nuclear power. China has embraced it, which is why their next-gen nuclear reactors are 15 years ahead of ours. 

But that sentiment may finally be changing as the U.S. Department of Energy is now looking to triple our nuclear capacity between now and 2050 — that’s about 200 GW of power. 

For individual investors like us, that puts a huge target on traditional nuclear power stocks to buy like Constellation Energy (NASDAQ: CEG) or Duke Energy (NYSE: D). Then again, some nuclear players like NuScale Power Corp. (NYSE: SMR) have been incredible wins that have gone the market’s radar — a stock that has jumped nearly 400% this year!

But my readers and I are looking for more… And we’ve found it in a small, next-gen nuclear power stock that has been working side-by-side with the Department of Energy for years developing the fuel that will power tomorrow’s reactors. 

Don’t take my word for it here. Take a minute and check this one out for yourself.

Until next time,

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Keith Kohl

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A true insider in the technology and energy markets, Keith’s research has helped everyday investors capitalize from the rapid adoption of new technology trends and energy transitions. Keith connects with hundreds of thousands of readers as the Managing Editor of Energy & Capital, as well as the investment director of Angel Publishing’s Energy Investor and Technology and Opportunity.

For nearly two decades, Keith has been providing in-depth coverage of the hottest investment trends before they go mainstream — from the shale oil and gas boom in the United States to the red-hot EV revolution currently underway. Keith and his readers have banked hundreds of winning trades on the 5G rollout and on key advancements in robotics and AI technology.

Keith’s keen trading acumen and investment research also extend all the way into the complex biotech sector, where he and his readers take advantage of the newest and most groundbreaking medical therapies being developed by nearly 1,000 biotech companies. His network includes hundreds of experts, from M.D.s and Ph.D.s to lab scientists grinding out the latest medical technology and treatments. You can join his vast investment community and target the most profitable biotech stocks in Keith’s Topline Trader advisory newsletter.

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