CCJ Revenue (TTM) data by YCharts
The rise of nuclear energy is becoming increasingly evident. The International Atomic Energy Agency reports that there are currently 63 nuclear reactors under construction, with potential for nuclear demand to increase by up to 2.5 times its current capacity by 2050. Geopolitical tensions, such as the U.S. ban on uranium imports from Russia, may further benefit Western producers like Cameco.
Cameco has experienced growth in its business in recent years. Analysts project the company’s revenue to reach $2.3 billion by 2025. With continued support from governments and corporations for nuclear energy, this could mark the beginning of a significant growth trajectory.
Southern Company
For those seeking a diversified energy investment, consider Southern Company (NYSE: SO), a major energy company in the U.S. serving over 9 million customers with electricity generation and utility services. The company’s varied energy production includes gas, coal, nuclear, and renewables.
Southern Company has made substantial investments in nuclear energy, operating eight power units across three plants. Its recent partnership with Microsoft and Constellation Energy to restart a nuclear power unit in Pennsylvania signals potential for growth in the industry. With a 3.5% dividend yield, Southern Company offers investors a steady income stream.
GE Vernova
Following the split of General Electric, its energy arm, GE Vernova (NYSE: GEV), emerges as a standalone clean energy technology company. GE Vernova specializes in clean power generation, grid electrification, and wind and gas turbines, with a focus on nuclear power generation.
As society shifts towards cleaner energy sources, GE Vernova is positioned for long-term growth. The company foresees high single-digit revenue growth through 2028 and is investing significantly in research and development to drive innovation. While the stock may not be inexpensive with a forward P/E ratio of 124, strong earnings growth potential makes it an attractive option for investors looking towards the future.
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