Nuclear Energy Stocks Surge as AI Data Centers Boom

CEG, BWXT, and GEV lead the charge as nuclear power demand skyrockets

Apr. 2, 2026 at 8:43pm

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An extreme close-up of gleaming, industrial nuclear reactor components and machinery, dramatically lit against a dark background, conceptually representing the financial power and security of the nuclear energy industry.The surging demand for clean nuclear power to fuel AI-driven data centers is fueling a renaissance in the nuclear energy sector.Braidwood Today

The surging demand for electricity to power AI-driven data centers has significantly boosted the need for nuclear power, leading to a surge in nuclear energy stocks. Constellation Energy (CEG), BWX Technologies (BWXT), and GE Vernova (GEV) are three top nuclear stocks poised to benefit from this trend, with strong earnings growth and major new contracts in the works.

Why it matters

The nuclear energy sector is gaining momentum as it supports global decarbonization goals. New policies aim to expand U.S. nuclear power capacity from 100 gigawatts in 2024 to 400 GW by 2050, driving investment in existing reactors, small modular reactors (SMRs), and new nuclear facilities. Major tech companies like Microsoft and Meta are signing deals for nuclear power to fuel their growing AI data center operations, further boosting demand.

The details

Constellation Energy is expanding its nuclear portfolio, including a $1.6 billion deal with Microsoft to restart the Three Mile Island plant. BWXT is benefiting from strong government contracts and growing commercial nuclear demand, with a $7.3 billion backlog. GE Vernova's joint venture GE Hitachi is deploying its BWRX-300 SMR technology globally, with deals in Finland, Sweden, the UAE, and the UK.

  • In late 2024, Microsoft Corp. entered a 20-year agreement with CEG to revive the Three Mile Island nuclear plant.
  • In January 2025, Constellation Energy signed a 10-year, $1 billion nuclear power supply deal with the U.S. General Services Administration.
  • In June 2025, Meta Platforms Inc. signed a 20-year energy deal with CEG for 1.1 gigawatts of nuclear power to its AI data centers starting in 2027.

The players

Constellation Energy Corp.

An industry leader in operating nuclear plants safely, efficiently and reliably. It recently acquired a 2,645 MW nuclear plant and has major deals with Microsoft and Meta to provide carbon-free nuclear power.

BWX Technologies Inc.

A supplier of precision-manufactured components and services to the commercial nuclear power industry, with a $7.3 billion backlog and growing government and commercial contracts.

GE Vernova Inc.

The parent company of GE Hitachi Nuclear Energy, a joint venture with 60 years of experience in designing, deploying, servicing and fueling nuclear reactors globally, including its BWRX-300 small modular reactor.

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What they’re saying

“The galloping requirement of electricity for data centers has significantly boosted the demand for companies that have access to nuclear power.”

— Nalak Das, Author

What’s next

The nuclear energy sector is expected to continue growing as the U.S. and other countries work to expand nuclear power capacity to meet decarbonization goals. Investors will be closely watching for further contract wins, regulatory approvals, and technological advancements from leading nuclear companies like CEG, BWXT, and GEV.

The takeaway

The surging demand for clean, reliable electricity to power the AI data center boom is fueling a renaissance in the nuclear energy sector. Investors have a prime opportunity to capitalize on this trend by investing in top nuclear stocks like Constellation Energy, BWX Technologies, and GE Vernova.