Plenty of investors see the potential upside of the nuclear energy market as global power demand increases.
But they may be hesitant to invest, as some nuclear energy companies seem to be little more than stories of future profits that may never materialize
Fortunately, there are profitable companies to consider in the nuclear energy sector. Two are pitted against each other in today’s battle: GE Vernova (NYSE: GEV) and BWX Technologies (NYSE: BWXT). Small reactors, big opportunities GE Vernova has a collaboration with Hitachi, forming GE Vernova Hitachi, to build small modular reactors (SMRs).
The Department of Energy (DOE) lists one benefit of SMRs as siting flexibility, as smaller reactors can be deployed where a site lacks the capacity to support a large reactor. The DOE also lists lower capital investment and greater efficiency among several other benefits. Oklo and NuScale Power are also in the SMR niche, but GE Vernova Hitachi is the only company currently with an SMR under construction in North America.