Oklo vs. NuScale: nuclear energy stocks for growth

What happened: NuScale Power (SMR) became the first U.S. company to receive NRC approval for its small modular reactor design in 2020. Oklo, another SMR developer, has a broader customer base and a unique fuel recycling model. Both companies are poised to benefit from the nuclear energy resurgence, with Oklo having $2.5 billion in cash and NuScale partnering with utility companies for power capacity bolstering.

Market impact: The nuclear energy sector is experiencing a $10 trillion renaissance, driven by clean energy demand and AI integration. Oklo and NuScale are two leading stocks in this growth story, offering different exposures. NuScale's first-mover advantage and attractive valuation make it a compelling choice, while Oklo's innovative business model and substantial cash runway appeal to long-term investors.

What to watch next: NuScale's first commercial operation, expected in 2029, will validate its technology and drive further adoption. Oklo's joint venture with Centrus Energy for specialized nuclear fuel recycling services is set to commence operations in 2026. Additionally, the U.S. government's support for nuclear energy, as seen in the Inflation Reduction Act, will continue to shape the competitive landscape for these companies.