SMR Stocks: 2 Small Modular Reactor Stocks to Watch

Written By Mike Munno

Posted January 23, 2024

Small Modular Reactors (SMRs) are the future of the nuclear energy sector. Investors are turning to small modular reactor stocks in hopes that they can ride this wave. You see, it’s not just nuclear that will be affected, but energy as a whole. 

SMRs are compact powerhouses with the potential to transform how we think about nuclear energy. Unlike traditional large reactors, SMRs come in smaller packages, offering several compelling advantages.

Small Modular Reactor Stocks SMR Stocks

Some of the many advantages of SMRs include rapid deployment, enhanced safety, cost efficiency, and sustainability to name a few. While SMR stocks and the nuclear industry in general may be on a cold streak, things could start turning around this year. 

Today we’ll go over what’s drawing investors toward small modular reactor stocks. We’ll also help you to understand how monumental this could be for the energy sector and investors alike. But first, let’s start with the top SMR stocks on the market right now… 

What Are the Best Small Modular Reactor Stocks?

  • NuScale Power Corporation (NYSE: SMR)
  • BWX Technologies, Inc. (NYSE: BWXT)

SMRs are not just miniaturized versions of traditional nuclear reactors; they come with advanced designs that offer unique advantages. Some SMRs are based on technologies like molten salt reactors (MSRs), high-temperature gas-cooled reactors (HTGRs), and fast reactors. As mentioned earlier, these innovations promise enhanced safety, efficiency, and fuel utilization. These improvements make SMRs a compelling choice for the future.

With SMRs entering the energy landscape, both established nuclear energy companies and innovative startups present appealing investment opportunities for those looking to capitalize on the industry’s growth.

So which are the best small modular reactor stocks to capitalize on? That’s a great question. 

Right now NuScale and BWX Technologies are considered the two best small modular reactor stocks. Now, the keyword here is considered. Are they actually the best small modular reactor stocks? Let’s see… 

Small Modular Reactor Stock #1: NuScale Power Corporation (NYSE: SMR)

NuScale Power Corporation is a leading company in the field of SMR technology. They specialize in the design, development, and commercialization of small modular reactors for nuclear power generation. NuScale’s innovative SMR design aims to provide a safe, flexible, and scalable nuclear energy solution.

Their flagship product is the NuScale Power Module, a self-contained pressurized water reactor (PWR) that is significantly smaller than traditional nuclear reactors. Each module, with an electric capacity of approximately 60 megawatts, can combine to fulfill diverse energy requirements

Another reason NuScale is a favorite small modular reactor stock among investors? NuScale emphasizes safety in its SMR design. The modules ensure reactor safety by automatically and passively shutting down in case of abnormal conditions.

Investors believe this small modular reactor stock has a leg up on the competition. One of the significant advantages of NuScale’s SMRs is their modularity. This allows for easier manufacturing, transportation, and installation, reducing construction costs and timelines.

SMR Stocks - NuScale SMR Stock

While SMR ranks as a top modular reactor stock, let’s examine its chief competitor. NuScale has partnered with various organizations, including the U.S. Department of Energy (DOE) and global energy companies, but it might not be enough to compete with BWXT. 

Small Modular Reactor Stock #2: BWX Technologies, Inc. (NYSE: BWXT)

While it may not be primarily focused on small modular reactors like NuScale, BWX Technologies plays a critical role in supporting the nuclear sector. BWXT operates in various segments, including nuclear services, nuclear components, and defense. They are involved in the manufacturing of nuclear reactor components, fuel, and other critical parts for the nuclear power industry.

This company is no stranger to the nuclear industry. Not only are they one of the most prominent nuclear and defense companies in 2023, but their history traces all the way back to the Manhattan Project during World War II. 

That’s right. In a sense, Oppenheimer once worked with BWX Technologies. Now, BWXT has come a long way since the 1940s. Let’s take a look at what makes them relevant to the small modular reactor stocks conversation today. 

BWXT’s involvement in the SMR sector is primarily as a supplier of critical reactor components and systems. SMR developers often rely on BWXT’s expertise and manufacturing capabilities to ensure the safety and functionality of their designs. This partnership between BWXT and SMR developers is instrumental in advancing the deployment of SMRs in various regions.

As the demand for clean, reliable, and scalable nuclear energy solutions like SMRs continues to grow, BWXT’s role as a supplier and partner to SMR projects is likely to become increasingly important. Their experience in the nuclear industry positions them as a key contributor to the success of SMR initiatives worldwide.

SMR Stocks - BWX Technologies BWXT Stock

It’s worth reiterating that BWXT’s involvement in the nuclear industry extends beyond SMRs, encompassing a wide range of nuclear-related activities, including support for existing nuclear power plants, naval nuclear propulsion, and defense applications. Their multifaceted contributions contribute to the overall strength and stability of the nuclear sector.

If you’re looking to invest in SMRs with a pure play, BWXT might not be for you.

The King of Small Modular Reactor Stocks

There’s one more SMR stock that I wanted to talk to you about. While you may not have heard of this company before, you’ve surely heard of one of their biggest fans, Bill Gates. 

Bill Gates has gone nuclear and he’s using one tiny company to make his mark. 

For 15 years, Gates has been developing a facility capable of generating enough clean energy to power the electrical grid around the clock… 

Without having to rely on fossil fuels, batteries, solar, wind, or any other energy source that needs Mother Nature to function. Bill is planning to do it using nuclear energy, and more specifically, small modular reactors. 

The facility that Gates has been developing is called the “Natrium” facility.

natrium power

You see, there is another aspect to the SMR discussion that most people don’t take into consideration. It’s called “TriFuel-238.”

Ideally, the Natrium facility (and more like it) will power the electrical grid nonstop, fueled exclusively by TriFuel-238. TriFuel-238 is the furthest thing from oil, natural gas, or any other fossil fuel.

This zero-emission fuel is in a league of its own. Its incredible power can be difficult to grasp. It’s an astonishing 40,835 times more powerful than natural gas…

A whopping 67,389 times more potent than gasoline…

And generates an earth-shattering 78,171 times more energy than coal!

And that’s all without producing a single carbon emission…

This has the potential to render fossil fuels obsolete completely. Now, this is an inherently more risky play than an established small modular reactor stock like NuSpace or BWXT, but the reward is significantly greater. 

And the icing on the cake? This fuel is patented by a company with a sub-$50 million market cap. This offers investors the potential for jaw-dropping triple-digit gains virtually overnight!

The Final Say on Small Modular Reactor Stocks and TriFuel-238

As mentioned before, both SMR and BWXT are front-runner small modular reactor stocks. However, if you want to take a shot at the fences, then I highly recommend you check out the rest of the details on TriFuel-238.

Energy market expert Keith Kohl has put together all of the details on Bill Gates’ Natrium facility and TriFuel-238. Here’s how he plans on getting 46,018% on this small modular reactor stock…

In the meantime, good luck on your journey for the best small modular stocks. I hope this article helped answer some of your questions regarding SMRs and the top investments to play the trend. 

And in case you’re interested in getting the ticker symbol for the tiny company behind TriFuel-238, you’ll have to talk to Keith.

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