Nuclear Power Stocks Rise on AI Demand Surge

Artificial intelligence workloads are accelerating electricity demand growth, positioning nuclear power as a crucial energy source for hyperscalers. Projections indicate data centers could consume up to 12% of U.S. electrical demand by 2028, with hyperscaler customer spending anticipated to rise nearly 75% year-over-year in 2026. This trend is creating a favorable environment for nuclear energy operators with robust reactor fleets and reliable backup power.

Constellation Energy (NASDAQ:CEG) is highlighted as a pure-play in this trend, managing the largest U.S. nuclear fleet. The company recently reported adjusted earnings per share of $2.55, surpassing estimates, and raised its full-year 2026 adjusted EPS guidance. Constellation also secured 920 MW of long-term nuclear power purchase agreements with investment-grade hyperscalers. Shares closed at $282.50 on August 14, reflecting a 9.45% gain over the past month.

Vistra (NYSE:VST) is noted for its diversified operator model, bolstered by a partnership with NVIDIA. VST closed at $148.13 on August 14, up 5.36% over the prior week following its second-quarter report and Helix Joint Venture announcement. The company has also secured up to $1 billion via its Helix JV.

NextEra Energy (NYSE:NEE) is also mentioned as a diversified compounder with a nuclear presence, though specific details were not elaborated in the provided facts.