10 Best Nuclear Energy Stocks To Invest In Now

6. NextEra Energy, Inc. (NYSE:NEE)  

Upside Potential: 16.04%  

NextEra Energy, Inc. (NYSE:NEE) is one of the largest producers of renewable energy and a leading player in the nuclear energy industry, operating one of the largest nuclear power fleets in the United States. NextEra Energy, Inc.’s (NYSE:NEE) nuclear facilities in Wisconsin and New Hampshire, include the Point Beach Nuclear Energy Center and Seabrook Station.

The company’s Point Beach facility in Wisconsin produces about 1,200 megawatts of power, which is around one-sixth of Florida’s electricity. Whereas, Seabrook Station generates over 1,250 megawatts of electricity. NextEra Energy, Inc.’s (NYSE:NEE) Duane Arnold Energy Center, Iowa’s only nuclear power plant, located northeast of Palo, Iowa ceased operations in August 2020 after serving for 45 years. In Q3, NextEra Energy, Inc. (NYSE:NEE) announced that the company is considering restarting Duane Arnold nuclear plant in response to increasing demand from data centers.

During the Q3 earnings call, John Ketchum, Chairman, President, and CEO of NextEra Energy, Inc. (NYSE:NEE), noted that Duane Arnold, a 601 MW boiling water reactor (BWR), is generally less complex and costly to recommission than pressurized water reactors (PWRs). The company expects to pursue this project at an attractive cost with minimal risk. NextEra Energy, Inc. (NYSE:NEE) is currently conducting engineering assessments and coordinating with the U.S. Nuclear Regulatory Commission on a possible restart due to significant interest from data center clients.