10 Best Nuclear Energy Stocks To Invest In Now

8. DTE Energy Company (NYSE:DTE)  

Upside Potential: 13.91%  

DTE Energy Company (NYSE:DTE) is a diversified energy company involved in the development and management of energy-related businesses including nuclear power plants. The company’s electric segment serves 2.3 million customers in Southeast Michigan with an 11,084-megawatt system capacity, whereas the natural gas segment serves 1.3 million customers in Michigan.

DTE Energy Company’s (NYSE:DTE) Fermi 2 nuclear power plant produces around 1,100 megawatts and electricity and represents 30% of Michigan’s total nuclear generation capacity. The Fermi 2 nuclear power plant is known as one of the best-performing nuclear facilities in the United States.

On October 24, DTE Energy Company (NYSE:DTE) reported its third quarter 2024 earnings for the three months ended on September 30. The company reported earnings of $477 million compared to $332 million for the same period last year. The company invested over $3 billion so far this year and is on track to invest over $4 billion in 2024. This investment will not only improve electric reliability but also transform its power generation.

Furthermore, DTE Energy Company (NYSE:DTE) is investing in smart grid technology and new substations that will improve electric reliability and reduce costs in the long run. This operational efficiency will enable the company to maintain a competitive edge in the market.