The Smartest Nuclear Stocks to Buy With $500 Right Now
NuScale and Oklo are both speculative stocks which might be worth nibbling on.
The nuclear power industry might seem like a slow-growth market dominated by energy giants like NextEra Energy and Duke Energy. From 2024 to 2029, Markets and Markets expects the nuclear power market to only grow at a compound annual growth rate (CAGR) of 2.9% -- so it doesn't seem like a fertile market for speculative or higher-growth stocks.
But if we look beyond the big nuclear energy companies, we'll find smaller companies that are trying to disrupt traditional nuclear power plants with new reactors. Two of those companies are NuScale Power (NYSE: SMR) and Oklo (NYSE: OKLO). Both of these stocks are volatile and speculative, but they might be a smart place to park a modest $500 investment.
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