3 Nuclear Energy Stocks Down 40% or More From Their Highs -- Only 1 Is a Real Opportunity Right Now.
NuScale, Oklo, and BWX Technologies have all pulled back from their record highs.
Overview
The nuclear market cooled off for roughly a decade after the 2011 Fukushima disaster as more countries throttled or paused their nuclear expansion plans. But over the past few years, the nuclear market warmed up again, thanks to new decarbonization initiatives, the development of safer nuclear technologies, and the growth of the power-hungry cloud and AI markets.
According to the International Energy Agency (IEA), the world's nuclear capacity could increase by more than 50% by 2050. That's why several nuclear stocks hit all-time highs over the past year. But since then, many of those top stocks -- including NuScale (NYSE: SMR), Oklo (NYSE: OKLO), and BWX Technologies (NYSE: BWXT) -- have fallen off a cliff.
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Originally published at www.fool.com.