Jim Cramer Talked About These 9 Nuclear Power and Quantum Computing Stocks

2. Vistra Corp. (NYSE:VST)

Number of Hedge Fund Holders: 97

Cramer mentioned Vistra Corp. (NYSE:VST) and said:

“Right now, there are two utilities that generate a lot of nuclear power, Vistra and Constellation Energy, the latter of which just got a big contract with the feds, $1 billion, to expand a nuclear site. The big utilities are frantically trying to meet power demand generated by the data center revolution. I think these two stocks are now way ahead of themselves. They trade like they’ll be able to build many nuclear reactors next to the currently approved ones because siting won’t be difficult.

Oh, that’s true but building them will be. It takes ages to construct one of these things, big overruns. Constellation’s reopening a decommissioned Three Mile Island plant with Microsoft signing a contract for 20 years worth of power. That does sound great, but I think the process of restarting a dead nuclear power plant won’t be easy. But hey, at least Constellation and Vistra’s real, even if their stocks have gotten overextended.”

Vistra (NYSE:VST) is a prominent electricity retailer and power generation company. In March 2024, it acquired Energy Harbor Corp., adding 4,000 megawatts of nuclear power and 1 million retail customers to its zero-carbon generation and electricity business. Later, the company took a 15% minority stake in Vistra Vision, boosting its nuclear capacity by 970 megawatts and expanding its solar and energy storage capacity by 200 megawatts.

Additionally, Vistra (NYSE:VST) management has said that the company is in early talks with hyperscale data center operators about potential nuclear power uprates and new projects. The company also received important regulatory approval to extend the operational lifespan of the Comanche Peak Nuclear Power Plant. This approval allows the plant to remain operational until 2053, extending its original license by an additional two decades.

The Comanche Peak facility consists of two units, with a combined capacity of 2,400 megawatts. Since its opening in 1990, it has generated over 582 million megawatt-hours of clean, emission-free electricity.