3 Nuclear Energy Stocks to Buy Before 2026 Ends

There are 417 operating nuclear reactors worldwide, with another 77 currently under construction. Rising electricity demand is driving the construction of new reactors, with the U.S. alone expected to see a 6x increase in power demand growth between 2025 and 2045. Global electricity demand is coming from nations that are moving up the socioeconomic ladder and from modern technologies, such as artificial intelligence and the electrification of products once powered by fossil fuels (cars and lawn equipment, among other things).

This could be a long-term investment opportunity for those who believe nuclear power will be a key part of the solution to meeting rising electricity demand. Here are three ways to get involved in the nuclear renaissance in 2026: Cameco (NYSE: CCJ), Brookfield Renewable (NYSE: BEP)(NYSE: BEPC), and, for more aggressive investors, NuScale Power (NYSE: SMR).

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Cameco provides a fuel that could be in short supply

Cameco is a supplier and service provider to the nuclear power industry . It is based in Canada, so it operates in a politically and economically stable region, making it a reliable supplier for Western nations. That's the first big selling point for the company, but the real story is about the breadth of its offerings.

Cameco mines for uranium and processes it into usable fuel. Based on current projections of uranium supply and demand, demand could begin to outstrip supply in the early 2030s. Uranium is a commodity, so this dynamic could lead to sharply higher uranium prices. That's the second big selling point, since Cameco is one of the world's largest suppliers of nuclear fuel.

The third selling point is that Cameco owns half of Westinghouse, one of the world's largest service providers to the nuclear power industry. This business generates consistent fee-based revenues, which should help to smooth out Cameco's earnings stream over time. Cameco's stock is hardly cheap right now, after a large rally that began around 2020, so value investors probably won't find it of interest. But if you believe nuclear power is going to be a key part of the global power solution, long-term investors should probably take a closer look today (before uranium demand outstrips supply).

Brookfield Renewable offers yield and nuclear exposure