Nuclear

Stocks · key Fib levels

• GEVGE Vernova Inc.

  $957.27last

  $867.00fib

  +10.4%vs fib
  anchored by TVA · Ontario Power Generation · xAI · undisclosed hyperscaler PPAs · utility grid operators (global)
  • ▸Gas turbine OEM with active datacenter PPA-tied contracts
  • ▸Grid equipment (transformers, HV switchgear) - long lead times = pricing power
  • ▸Nuclear services franchise (BWRX-300 SMR + existing-fleet maintenance)
  • ▸Capacity backlog stretching multiple years given hyperscaler-driven demand
• LEUCentrus Energy Corp.

  $152.31last

  $183.00fib

  −16.8%vs fib
  anchored by DOE · US utilities (LEU contracts) · SMR developers (Oklo, NuScale, X-energy, TerraPower)
  • ▸2022 - First HALEU production at Piketon facility (DOE demonstration contract)
  • ▸2024 - Russia uranium imports banned; domestic HALEU strategic priority
  • ▸2024-2025 - DOE multi-year HALEU production scale-up contracts
  • ▸2025 - First commercial HALEU deliveries to SMR + advanced reactor developers
  • ▸2026 - Additional centrifuge cascades planned at Piketon
• OKLOOklo Inc.

  $36.22last

  $69.00fib

  −47.5%vs fib
  anchored by DOE (Idaho National Laboratory) · Datacenter operators (undisclosed LOIs) · Industrial / remote site operators
  • ▸2024 - DOE Idaho National Laboratory site approval for first Aurora reactor
  • ▸2024 - Multiple LOIs / framework agreements with datacenter operators (specific terms undisclosed)
  • ▸2025 - NRC combined-license application progressing; site characterization complete at INL
  • ▸2025-2026 - Pre-construction engineering for first commercial Aurora units
  • ▸Late-2020s targeted - First Aurora commercial operation
• UUUUEnergy Fuels Inc.

  $12.95last

  $20.00fib

  −35.3%vs fib
  anchored by US nuclear utilities (undisclosed) · US Department of Energy · Neo Performance Materials
  • ▸**2022-2025**: Multi-year uranium sales contracts with undisclosed US nuclear utilities at above-spot fixed prices; contract book provides revenue visibility through 2030
  • ▸**2023**: US Department of Energy Uranium Reserve purchase - UUUU among initial domestic suppliers selected for strategic stockpile
  • ▸**2023-2024**: Rare-earth carbonate supply agreement with Neo Performance Materials for processing of White Mesa REE product
  • ▸**2024**: Expanded REE processing at White Mesa following receipt of monazite sand feed from third-party sources (Chemours, Donald rare-earth project)
• VSTVistra Corp.

  $148.38last

  $140.00fib

  +6.0%vs fib
  50.0 GWanchored by Meta · Helix Digital Infrastructure (KKR / NVIDIA / KIA) · Hyperscalers (undisclosed)
  • ▸2026-01-09 - 20-year PPAs with Meta for 2,609 MW of carbon-free nuclear from the PJM fleet: 1,268 MW Perry and 908 MW Davis-Besse operating (2,176 MW), plus uprates of 213 MW Perry, 80 MW Davis-Besse and 140 MW Beaver Valley (433 MW)
  • ▸Delivery schedule - part of the operating volume from late 2026, full operating delivery by year-end 2027; uprate volumes from 2031, full by year-end 2034. Largest nuclear uprates supported by a corporate customer in the US
  • ▸2026-06-11 - Helix Digital Infrastructure launched by KKR with the Kuwait Investment Authority and NVIDIA, more than $10B of long-duration capital commitments, led by former AWS CEO Adam Selipsky. Vistra named preferred power provider
  • ▸Cogentrix acquisition - 10 gas-fired plants, about 5.5 GW, $4B, lifting the portfolio toward ~50 GW across 18 states
  • ▸Nuclear fleet - 6,448 MW: Comanche Peak (TX) plus the four former Energy Harbor reactors (Perry, Davis-Besse, Beaver Valley 1 and 2) in OH and PA. Second-largest competitive nuclear fleet in the US
  • ▸Retail - TXU Energy and Dynegy serve about 5M customers, matching wholesale length against a retail book
  • ▸Q2 2026 (reported 2026-08-07) - adjusted EBITDA $1.767B, up 30% year over year; FY2026 guidance reaffirmed at $6.8B to $7.6B adjusted EBITDA

Co-movement matrix (252d)