2 No-Brainer Nuclear Stocks to Buy With $100 Right Now
Cameco and NuScale Power could deliver multibagger gains over the next decade.
Nuclear energy might not seem like a thrilling market for growth-oriented investors. It's dominated by slow-growth energy giants like Duke Energy and NextEra Energy, and the global nuclear power market might only expand at a compound annual growth rate (CAGR) of 2.9% from 2024 to 2029, according to Markets and Markets.
However, geopolitical conflicts in fossil fuel regions, green energy initiatives, and the expansion of power-hungry data centers for the cloud and AI markets are still constantly driving more countries and companies to invest in nuclear power. Investors can stick with slower-growth stalwarts like Duke or NextEra to profit from that secular trend -- but they can also nibble on some speculative plays in higher-growth niches of the nuclear energy market.
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