We have recently compiled a list of the 12 Best Nuclear Power Stocks to Buy Now. This article will examine Denison Mines Corp. (NYSEAMERICAN:DNN) in comparison to the other leading nuclear power stocks currently available.
The United States is the foremost producer of nuclear power globally, making up nearly 30% of the world’s nuclear electricity generation. Over the past year, there has been a notable surge in investor interest within the sector, driven by a persistent commitment to achieving net-zero carbon emissions and recognizing nuclear energy’s critical role in the global transition to clean energy. Recent findings from the International Energy Agency indicate that nuclear power is projected to generate an unprecedented amount of electricity by 2025, with over 70 gigawatts of new nuclear capacity currently under development worldwide—one of the highest levels seen in the past three decades. Moreover, more than 40 countries are planning to expand the usage of nuclear energy in their energy frameworks.
A significant catalyst for nuclear energy growth is the development of Small Modular Reactors (SMRs), which have a power output of up to 300 MW(e) per unit. These SMRs are quicker to construct and have promising potential for cost-efficiency. The IEA forecasts that with appropriate backing, the capacity from SMR installations could reach 80 GW by 2040, contributing to about 10% of total nuclear capacity worldwide. Several major U.S. companies are now focused on advancing this technology, offering a more versatile and economically viable option for nuclear energy generation.
Additionally, the rise of artificial intelligence (AI) and associated data centers may consume nearly 9% of all energy produced in the U.S. by 2030. This energy will need to derive from a clean, cheap, and reliable source, and nuclear power possesses significant potential here. Numerous American tech giants are already investing billions into nuclear power and SMRs, viewing them as emissions-free electricity sources for their AI initiatives and other ventures. At the recent CERAWeek conference in Houston, several prominent companies even pledged to support the goal of tripling global nuclear energy capacity by 2050.
Nonetheless, many nuclear energy stocks have experienced a downturn over the past year, mainly due to a significant drop in uranium prices. Uranium, which peaked at over $105 per pound at the beginning of 2025, has since fallen to around $63, reflecting a decline of more than 26%. This downturn has been attributed to various factors such as the closure of the Kazakh-based ANU, tariff uncertainties from the Trump administration, and geopolitical tensions with Russia, a nation that holds about 44% of the global uranium enrichment capacity.
The U.S. primarily imports its uranium from Canada, and proposed 10% tariffs on energy imports by the Trump administration could hinder the nuclear sector’s growth. A Canadian uranium miner recently noted that prices for U.S. customers might increase by 10% should these tariffs be enacted, driving up costs for a sector poised for growth over the next decade.
Here are the Best Nuclear Energy Stocks to Invest in. For our analysis, we examined Insider Monkey’s database of over 1,000 hedge funds and identified the top 12 companies in the nuclear power sector with the highest hedge fund investor counts in Q4 of 2024. We ranked tied companies by their revenue from the previous financial year. Denison Mines Corp. (NYSEAMERICAN:DNN) was reported to have a revenue of $4.02 million for 2024, a substantial increase of nearly 117% from the prior year, although it also registered a net loss of $91.59 million due to increased exploration costs and investment value fluctuations. DNN ranks 12th on our list of top nuclear power stocks. While its potential is recognized, we believe some AI stocks may offer greater opportunities for higher returns in a shorter timeframe.
