Oklo (NYSE: OKLO), a developer of microreactors for nuclear power plants, has been a divisive stock since its market debut. After going public through a merger with a special purpose acquisition company (SPAC) on May 10, 2024, Oklo started trading at $15.50 per share.
It soared to a record high of $174.14 on Oct. 14, 2025, but it now trades at about $43. Wall Street's average price target for the stock is about $75. Let's see why Oklo's stock went through so many wild swings -- and where I think it will actually end up by the end of 2026.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Oklo's Aurora microreactor, which is much smaller than conventional nuclear reactors, only generates 1.5 MWe per unit. However, its modular design allows it to be deployed alongside additional reactors to generate up to 75 MWe per "Powerhouse" power plant. That's tiny compared to a conventional nuclear power plant, which typically generates at least 1,000 MWe, but Aurora's Powerhouse plants can be deployed on less land in remote, off-grid areas.
The Aurora also uses metallic uranium fuel pellets, which are denser, have higher thermal resistance, and are cheaper to produce than the uranium dioxide fuel pellets that power conventional reactors. By recycling its pellets in a closed loop, the Aurora can last for a decade without refueling. Conventional reactors are still refueled in stages every two years.

#conventional #reactors #signal

Nuclear energy is experiencing a resurgence, according to many leading experts. "After decades of underinvestment, a convergence of generational technological breakthroughs, intensifying geopolitical competition, and the need for clean, dense, reliable power are positioning nuclear energy for a renaissance," **** ysts from Goldman Sachs conclude.
"But the next nuclear age will look different from the last," the bank warns. "Innovations in fission like small modular reactors (SMRs) are shaping what the revival of traditional nuclear fission could look like."
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Analysts from Morgan Stanley are in agreement. "Nuclear power generation is experiencing a revival driven by ambitious climate goals and technology demands," the firm observes. Like Goldman Sachs, Morgan Stanley sees SMRs as one of the most promising solutions for scaling nuclear energy.
"Innovations in nuclear energy may also contribute to the investment growth picture, and a new U.S. law aimed at encouraging new nuclear technologies while cutting down red tape could help spur activity," Morgan Stanley says. "Small modular reactors (SMRs), for instance, are a fraction of the size of conventional reactors and can be factory **** embled and transported, offering scalability and flexibility."

#nuclear #smrs

On August 27, David Strauss from Wells Fargo upgraded BWX Technologies Inc. (NYSE:BWXT) from an Underweight to Equal Weight rating. In the process, the ******* yst cut down his target price from $200 to $170, which equates to an adjusted upside potential of 11.63% as of August 31 closing.
Strauss looks forward to the company's upcoming investor day in late September. He expects it to provide support to the stock, as the long-term growth forecast to be shared by the management is projected to be in line with the broader consensus estimates. The ******* yst also highlighted the company's various commercial initiatives that could lead to further upside, once they start materializing.
As of the August 31 close, the stock was down 11.89% from its December 31, 2025 closing price. Following Wells Fargo's rating upgrade, let's shed some more light on some underlying growth drivers and risks for BWX Technologies.
KAI AYASE/Shutterstock.com
BWX Technologies Inc. (NYSE:BWXT) has its core focus on nuclear components and reactors. Its diverse customer base includes the U.S Navy, Department of Energy, and Commercial customers, which ensures recurring, high-visibility revenue streams for the business.

#technologies #wells #rating

Shares of NuScale Power (NYSE:SMR) trade around $9.63 as of this writing, down about 83% from their $57.42 52-week high.
But the demand that sent nuclear stocks soaring in the first place hasn't reversed. Constellation Energy (NASDAQ:CEG), for instance, reported an additional 920 megawatts of long-term power purchase agreements alongside its second-quarter results.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
In other words, the crash and the demand can both be true at once, because these companies do very different jobs. NuScale designs reactors, Cameco (NYSE:CCJ) sells the fuel, and Constellation already sells the power. A $2,000 investment split across the three buys three different claims on the same electricity demand.
Image source: The Motley Fool.

#power #constellation #down #first

Nuclear energy is experiencing a resurgence, according to many leading experts. "After decades of underinvestment, a convergence of generational technological breakthroughs, intensifying geopolitical competition, and the need for clean, dense, reliable power are positioning nuclear energy for a renaissance," ******* ysts from Goldman Sachs conclude.
"But the next nuclear age will look different from the last," the bank warns. "Innovations in fission like small modular reactors (SMRs) are shaping what the revival of traditional nuclear fission could look like."
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Analysts from Morgan Stanley are in agreement. "Nuclear power generation is experiencing a revival driven by ambitious climate goals and technology demands," the firm observes. Like Goldman Sachs, Morgan Stanley sees SMRs as one of the most promising solutions for scaling nuclear energy.
"Innovations in nuclear energy may also contribute to the investment growth picture, and a new U.S. law aimed at encouraging new nuclear technologies while cutting down red tape could help spur activity," Morgan Stanley says. "Small modular reactors (SMRs), for instance, are a fraction of the size of conventional reactors and can be factory ******* embled and transported, offering scalability and flexibility."

#nuclear #smrs #morgan #goldman

On August 27, David Strauss from Wells Fargo upgraded BWX Technologies Inc. (NYSE:BWXT) from an Underweight to Equal Weight rating. In the process, the ******* yst cut down his target price from $200 to $170, which equates to an adjusted upside potential of 11.63% as of August 31 closing.
Strauss looks forward to the company's upcoming investor day in late September. He expects it to provide support to the stock, as the long-term growth forecast to be shared by the management is projected to be in line with the broader consensus estimates. The ******* yst also highlighted the company's various commercial initiatives that could lead to further upside, once they start materializing.
As of the August 31 close, the stock was down 11.89% from its December 31, 2025 closing price. Following Wells Fargo's rating upgrade, let's shed some more light on some underlying growth drivers and risks for BWX Technologies.
KAI AYASE/Shutterstock.com
BWX Technologies Inc. (NYSE:BWXT) has its core focus on nuclear components and reactors. Its diverse customer base includes the U.S Navy, Department of Energy, and Commercial customers, which ensures recurring, high-visibility revenue streams for the business.

#august #technologies #NYSE

NuScale Power (NYSE: SMR) is a popular nuclear energy stock with significant upside potential. The company is valued at just $4 billion despite operating in what could become a $300 billion global market.
In general, Wall Street ****** ysts are bullish on the company. The consensus price target of $11.85 suggests nearly 30% in near-term upside. Two ****** ysts believe shares could double in value over the next 12 months.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
There's no doubt about NuScale's potential. The company specializes in small modular reactors, or SMRs. This technology has been around for decades, with only two SMR facilities ever commercialized worldwide. Adoption of SMRs, however, is heating up quickly. More than 80 SMR systems are currently in development, largely thanks to a single catalyst: rapidly rising energy demand from artificial intelligence (AI) companies.
These companies require large amounts of reliable baseload power. And due to climate commitments, much of this emerging power demand must be met by low-carbon generation. AI companies will need more power years down the line, but they also need more power now. That makes SMRs a better fit versus conventional nuclear power plants. SMRs are essentially miniature nuclear power plants that can be built faster and with lower upfront costs. They can also be located directly next to data center infrastructure.

#power #smrs #flashing

The U.S. power grid is entering a period unlike any it has experienced in decades. Rapid electrification, domestic manufacturing, and the exponential growth of artificial intelligence are reshaping electricity demand. A recent report from Lawrence Berkeley National Laboratory, supported by the U.S. Department of Energy, projects that data centers alone could account for between 9.5% and 15.3% of total U.S. electricity consumption by 2030. More broadly, U.S. electricity demand is projected to grow by approximately 15% to 20% by 2035—roughly 80–110 GW of firm capacity—underscoring the scale of new generation that will be needed. Against this backdrop, executives across the utility, independent power producer, industrial, and technology sectors are making investment decisions that will shape the grid for decades.Safety is foundational to any nuclear project and is subject to rigorous review by the U.S. Nuclear Regulatory Commission (NRC). But the commercial and execution risks utilities must weigh extend well beyond safety: reactor design, constructability, supply chain readiness, licensing progress, workforce depth, operability, performance, and reliability.Advanced reactors are often discussed as a single technology class, yet the commercial and execution risks ******* ociated with individual designs differ substantially. As these technologies move toward commercial deployment, evaluating them requires a more comprehensive ******* sment of their technology, deployability, and commercial merits—and, importantly, the extent to which each design reduces or eliminates risk across multiple dimensions over the full project lifecycle. That ******* sment begins with three structural questions.
Capital efficiency is more than the magnitude of overnight capital cost (OCC). It encompasses how effectively capital is deployed and the capital intensity over time—especially before the commercial operation date (COD)—as well as post-COD costs: fuel, refueling outages, major projects and refurbishment, labor and other operations and maintenance (O&M) expenditures, and ultimately decommissioning. OCC offers only a partial view, since financing costs can account for a significant portion of total project cost. A smaller, simpler, faster-to-build design may achieve superior unit economics compared with higher-output designs that initially project a lower $/kW, once financing and schedule are considered. This amplifies the importance of long-lead materials, supply chain certainty and resilience, workforce and learning effects, and constructability in determining overall project cost and capital exposure.Utilities should also examine how fundamental reactor design choices affect both construction and lifecycle costs. Designs with high inherent safety that employ passive safety features—placing the plant into a safe condition through the natural laws of physics rather than relying primarily on active systems or operator intervention—can reduce reliance on multiple trai

Last October, shares of NuScale Power (NYSE: SMR) hit an all-time high of about $57. Today, shares trade at just under $10, representing a massive 84% decline.
What happened? Nothing that an 84% decline might suggest: no bankruptcy, no regulatory complications, no nuclear accidents (thank goodness). The drawback was more likely a sign that investors had lost patience with an overvalued nuclear stock with no reactor operating in the real world, and no firm first customer.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Funny thing is, NuScale actually looks better positioned as a company than it did at the height of its AI-nuclear boom. Investors looking for a value may want to reconsider NuScale, especially with a multi-state project moving closer to a signed deal.
If you're new to NuScale, here's a quick catch-up: The company wants to build and sell small modular reactors (SMRs), which are essentially compact nuclear power plants designed to generate carbon-free electricity from a much smaller physical footprint than your traditional nuclear facility. It is currently the only company in the U.S. with an NRC-approved SMR design, but it has not yet built a reactor for a customer.

#nuscale #power #time

Saudi Arabia's power stations, desalination plants, factories and farms consume more than 1 million barrels per day of liquid fuel that the kingdom aims to displace by 2030. Natural gas and renewables will provide most of the replacement energy. Nuclear power could reduce domestic oil consumption further after 2030 as electricity demand continues to grow.
On July 22, the United States and Saudi Arabia signed a 30-year civil nuclear cooperation agreement, clearing the way for U.S. companies to potentially supply the kingdom with reactors, nuclear materials and technical services. Similar agreements with Turkey and the UAE entered into force in June 2008 and December 2009, respectively.
The commercial opportunity is in Saudi Arabia's search for additional generating capacity. The IEA estimates that the kingdom's electricity demand grew by 3.8% in 2025 and forecasts average annual growth of 3.1% through 2030.
Related: U.S. Shale Producers Lose Bid to Kill Oil Price-Fixing Case
Saudi consumption of crude oil and fuel oil for power generation rises sharply during the summer, when air-conditioning demand peaks. Combined burn reached 1.42 million b/d in June 2024, according to the EIA. It fell to an average of 678,000 b/d in January and February 2025 (the lowest level for that period since 2016) with February alone registering an 11-year monthly low of 589,000 b/d. Reducing domestic oil-fired generation can leave more petroleum available for export or other uses.

#demand #february #million #fuel

MD Sass, a boutique ****** et management firm, published its second-quarter investor update for its flagship, the "MD Sass Concentrated Value Strategy." The letter can be downloaded here. In the first half of 2026, AI infrastructure stocks led the market, with the Russell 1000 Value increasing by 16.3%, outpacing the S&P 500 (10.2%) and Russell 1000 Growth (5.3%). This growth was fueled by semiconductor, memory, and hardware companies benefiting from AI development, even though they are considered cyclical. These sectors, representing only 7.7% of the Russell 1000 Value at the start of the year, contributed nearly 70% of its returns. The portfolio gained 10.0% in the second quarter, net of fees, compared to 13.9% for the Russell 1000 Value Index. Year-to-date, the strategy returned 6.6%, net of fees, versus 16.3% for the Index. The portfolio faced challenges due to limited exposure to companies with the greatest upside from AI infrastructure investments. It also lacked exposure to the Energy sector, which returned about 20% in the first half amid geopolitical tensions with Iran that increased commodity prices, affecting performance. The firm recognizes the importance of adapting its strategies while maintaining core investment principles as it explores future opportunities in emerging technological themes. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, MD Sass Concentrated Value Strategy highlighted Flowserve Corporation (NYSE:FLS). Flowserve Corporation (NYSE:FLS) is an industrial company that focuses on industrial flow management equipment. On August 28, 2026, Flowserve Corporation (NYSE:FLS) closed at $80.33 per share. The one-month return of Flowserve Corporation (NYSE:FLS) was 4.95%, and its shares gained 49.70% over the past 52 weeks. Flowserve Corporation (NYSE:FLS) has a market capitalization of $10.21 billion.
MD Sass Concentrated Value Strategy stated the following regarding Flowserve Corporation (NYSE:FLS) in its Q2 2026 investor letter:
"We initiated a position in Flowserve Corporation (NYSE:FLS), a global leader in pumps, valves, seals, and other flow control equipment used across energy, power generation, chemicals, water, and general industrial markets. The company operates through its Pumps and Flow Control divisions and benefits from a large installed base that generates recurring, high-margin aftermarket revenue. Over the past several years, management has materially improved the quality of the business through more selective bidding, portfolio rationalization, and its 80/20 operating framework. Adjusted operating margins reached 14.8% in 2025, up 300 bps from the prior year, and management is targeting approximately 20% by 2030.
While continued margin expansion and aftermarket growth support the investment case, the crux of our thesis is nuclear power. FLS is one of the leading suppliers of highly engineered pumps and valves used in nuclear reactors. These

Over the coming decades, nuclear energy will be a $10 trillion opportunity. That's according to Bank of America ****** ysts, who are particularly excited about a relatively novel method of producing nuclear power: small modular reactors, or SMRs.
"Amid surging electricity demand, driven in part by the rise in AI/data centers, nuclear energy offers a potential solution," Bank of America concluded in a recent report. "And new advancements in technology may now make the tipping point in sight for small modular reactors (SMRs) to reshape nuclear energy supply chains over the next decade."
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
NuScale Power (NYSE: SMR) is currently the only company in the U.S. approved by regulators to build an SMR system. On a recent call with investors, CEO John Hopkins stressed that the company remains "the only SMR company in the world to have earned U.S. Nuclear Regulatory Commission standard design approval," adding that it has "done it for two separate designs, our 50-megawatt and our 77-megawatt modules."
Many other companies are currently working through the approval process for SMRs. But NuScale has leveraged its early approvals to secure large deals, including a 6-gigawatt project for the Tennessee Valley Authority (TVA). If built, that system would be the largest SMR facility in the world by a large margin.

#smrs #company #nuscale

The long-term growth story for nuclear power is clear. Artificial intelligence (AI) companies are scaling energy-intensive data center infrastructure as quickly as humanly possible. And the current energy grid isn't prepared for this unprecedented build-out. New energy sources will be needed quickly, and nuclear energy could deliver the reliable, low-carbon baseload power the AI industry craves.
NuScale Power (NYSE: SMR) has long appreciated this data center infrastructure demand tailwind. The company's small modular reactors (SMRs) are a great fit for adding large amounts of reliable power generation to the grid.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
This year, however, I think there's an even more exciting catalyst to pay attention to than general industry demand tailwinds.
NuScale remains the only nuclear developer in the U.S. approved by regulators to build an SMR system. But it has yet to even commercialize its approved designs. That could change later this year when the company suspects it could reach a power purchase agreement (PPA) with a major customer.

#signal #nuclear #data

On August 13, Brookfield (NYSE:BN) held its second-quarter earnings call, and the story management told was less about property spreadsheets and more about power lines and reactors. Distributable earnings before realizations climbed 15% year over year to $1.4 billion for the quarter, and executives spent much of the call explaining how a $100 billion Kentucky data center project and a nuclear buildout fit into that growth.
Brookfield's pitch centers on a gap between AI's appetite for electricity and the grid's ability to supply it. CEO Bruce Flatt described a $100 billion partnership with the US Department of Energy to build an AI campus in Kentucky on federally owned land, a deal he said requires few approvals because of that federal ownership. Alongside that, the Department of Energy committed a further $17.5 billion to Brookfield and its utility partners to acquire long lead time items for Westinghouse's reactor pipeline, which the company says is now under construction on 14 reactors with visibility into 40 more and another 100 beyond that.
The ****** et management engine backing these bets had its own strong quarter. Fundraising hit a record $77 billion, pushing fee-bearing capital up 19% to $672 billion and fee-related earnings up 20% from a year earlier. The Oaktree acquisition closed in July, and Wealth Solutions distributable earnings rose 23% year over year to $480 million as the newly acquired Just Group added $45 billion of insurance ****** ets. Real estate leasing added another data point: office tenants signed 4.5 million square feet globally at net rents 19% above what was expiring, including leases in Canada priced more than double prior rates.
Flatt opened his remarks by naming the risks directly, pointing to geopolitical conflict, higher energy prices and uncertainty around interest rates as factors shaping the near-term market environment. That acknowledgment sits alongside a Just Group integration that is still a work in progress. Management said it exited an early-stage direct-to-consumer initiative and is still working through reducing the business's cost base, and Just contributed just $29 million of earnings in its first quarter under Brookfield ownership, a starting return on equity of about 12%.
Capital return also raises questions for income-focused shareholders. The board declared a quarterly dividend of only $0.07 per share, while the company spent roughly $580 million on buybacks year to date at an average price of $42, showing where management prefers to direct spare cash. Separately, the approved simplification of Brookfield's capital structure requires taxable Canadian and UK shareholders to actively file an election if they want a tax-deferred share exchange, an administrative step that falls on investors rather than the company. Management also acknowledged the annuity business operates in a competitive market, even as it held spreads above 200 basis points.

#energy #company

LYNCHBURG, Va. - The sci-fi-worthy machine soaring 120 feet tall in the hills outside Lynchburg had been all but left for dead - a $400 million experiment that collapsed as the energy economy shifted and the financial prospects for next-generation nuclear technology soured.
The faux eight-story reactor in Lynchburg, built to mimic a nuclear plant but run on electricity so engineers can safely monitor and tinker with it, languished a decade unused on a Liberty University engineering campus.
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Now, with the AI build out exploding across the country, a pair of engineering wizards with a nuclear start-up and ******* eX pedigree see in it a lucrative solution to one of the country's most vexing challenges: powering the proliferation of data centers.
They are betting that they can leverage a forgotten test facility started in 2009 as a launchpad to build the small, more nimble nuclear reactors that the industry has been promising for decades could create cheap, reliable energy.

#post #engineering #washington

On August 6, Curtiss-Wright (NYSE:CW) held its second quarter 2026 earnings call and reported that the company's sales climbed 5% year-over-year to $924 million, but the real story was underneath. Operating income grew 12%, more than double the pace of revenue, pushing margins up 110 basis points, and free cash flow jumped 37% to $160 million. Management liked what it saw enough to raise full-year guidance across the board, and that raise is worth digging into.
Orders are the clearest signal here. Second quarter bookings rose 8%, giving Curtiss-Wright a book-to-bill above 1.1x, and year-to-date orders are up 12% against 9% sales growth, a book-to-bill above 1.2x, usually a preview of what revenue looks like a few quarters out. Defense Electronics led the charge, with orders up nearly 50% year-over-year in the quarter and more than 30% year-to-date, fueled by turret drive stabilization systems for international ground vehicles and tactical communications gear for the US Army, Marine Corps and Air Force.
The Aerospace & Industrial segment stood out, with sales up 12%, operating income up 25% and margin expansion of 180 basis points, helped by demand for actuation equipment on the Army's IFPC program. Naval & Power is leaning on submarine production timing and the CVN-81 carrier program, with full-year sales guidance there raised to 7% to 9% growth.
Commercial nuclear is the multi-year lever management keeps pointing to. In June 2026, the Department of Energy issued a conditional $17.5 billion loan commitment for up to 10 new Westinghouse AP1000 reactors, and Curtiss-Wright's reactor coolant pumps are expected to be among the long-lead equipment purchased. A DOE launch customer toured the company's operations in July 2026 and came away impressed, and management expects an AP1000 order before year-end.
Not every segment cooperated. Defense Electronics sales fell 3% as tactical communications orders shifted timing, though the segment still posted a 28% operating margin. Naval & Power orders also declined year over year, driven by the timing of submarine defense orders, a reminder that this business runs on lumpy government contracts.

#year

SEOUL, Aug 14 (Reuters) - TerraPower and South Korea's SK Innovation signed on Friday a preliminary global agreement on small ‌modular reactors (SMRs), Seoul's Industry Ministry said, opening a path ‌for the SK Group affiliate to participate in the U.S. company's projects at home and abroad.
The agreement was signed at a meeting in Seoul between TerraPower co-founder Bill Gates, SK Group Chairman Chey Tae-won and Industry Minister Kim Jung-kwan, the ministry said.
The deal gives SK Innovation, ‌the parent of South ⁠Korea's largest oil refiner, an opportunity to take part in development of TerraPower's SMR projects in the ⁠United States and overseas, the ministry said. It did not disclose financial terms or the scope of any investment.
TerraPower, backed by Gates, is developing its sodium-cooled Natrium reactor project in Kemmerer, Wyoming. The company ‌received a construction permit from the U.S. Nuclear Regulatory Commission in March and is targeting commercial operation in 2031, the ministry said.
South Korea's Doosan Enerbility said on Friday it won a contract from TerraPower to manufacture key components for the reactor, including the ‌reactor vessel, support structures and internal structures, without disclosing the value of the deal.

#ministry #south #innovation #gates

On August 6, Allient (NASDAQ:ALNT) reported its second-quarter fiscal 2026 results, where revenue climbed 10% year-over-year to $153.8 million, gross margin hit a record 34.9%, and orders jumped 49% to $201.3 million, with a book-to-bill ratio of 1.31x. The company also flagged data center demand as a rising piece of its story. So is this durable, or a single strong quarter dressed up as a trend?
The breadth of the quarter stands out. Industrial revenue rose 17%, Aerospace & Defense grew 16%, and Medical increased 9% on demand for surgical robotics and other precision motion work. Data center and infrastructure sales, part of the Industrial bucket, reached $16.3 million, or 10.6% of total revenue, up 60% from a year earlier. On a trailing 12-month basis, those sales hit $57.1 million, up 69% year over year, tied to power quality products like harmonic filters and line reactors that help data centers manage increasingly dense electrical loads.
Profitability improved just as sharply. Operating income rose to $15.6 million from $11.7 million, pushing operating margin to 10.2%, the highest level in roughly a decade. Net income jumped 85% to $10.4 million, or $0.61 per diluted share, while adjusted EBITDA rose 18% to $23.7 million. Backlog ended the quarter at $298 million, with most of it expected to convert to revenue within three to nine months, giving management a clearer read on the back half of the year.
The Vehicle market was the exception to an otherwise strong quarter, with revenue falling 7% on weaker powersports demand. Aerospace & Defense growth of 16% also came despite the previously announced cancellation of the M10 Booker program, a reminder that individual defense contracts can disappear even as the broader segment grows. Management itself cautioned that the record gross margin benefited from favorable mix, and mix can be lumpy, meaning quarter-to-quarter variability should be expected even if the structural trend holds.
Restructuring and business realignment costs, tied partly to the Dothan facility transition, came in at $600,000 for the quarter and are expected to total $2 million to $3 million for the full year. Inventory turnover slipped slightly to 3.1x from 3.2x in 2025, reflecting deliberate investments in inventory and strategic material buys to support growth and hedge against tariff uncertainty. The company also noted it has submitted or expects to submit about $1.3 million in tariff refund claims tied to IEEPA, but hasn't recorded any receivable given the uncertainty around timing and amount.

#defense

The momentum behind artificial intelligence (AI)-linked nuclear energy stocks hit a brick wall in July, sending high-flying names like Oklo (NYSE: OKLO) into a nose-dive.
Shares of the nuclear energy start-up tumbled 25.8% last month, according to data provided by S&P Global Market Intelligence. By the end of July, the drop had wiped about 80% of the stock's value from its October 2025 peak of $193.84.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
For a company promising to fuel the AI build-out with fast-fission reactors, winning important approvals from the Department of Energy (DOE), and securing massive partnerships, the sudden mid-summer fallout left many investors asking where the power went.
Oklo is building fast-fission nuclear power plants called Aurora powerhouses and is still a pre-revenue company.

#oklo #company #called

Constellation Energy (NASDAQ:CEG) gave investors a lot to unpack on August 6 with the release of its second-quarter earnings report. The report raised full-year adjusted operating earnings guidance to $11.50 to $12.50 per share and stacked on a run of nuclear contract wins and regulatory approvals tied to its Crane Clean Energy Center restart. The headline story is growth. The details show a company juggling more moving parts than it has in years.
Constellation signed 920 megawatts of new long-term power purchase agreements in the quarter, contracts running 15 to 20 years that won't start delivering power until 2029 through 2032. One, a 176-megawatt deal with Walmart (NASDAQ:WMT), split into two 15-year contracts that start in 2029 and 2030, will fund a 30-megawatt expansion at the Dresden Clean Energy Center, located in Illinois. The batch averages 18.5 years in length, adding to earlier 20-year agreements with Microsoft Corp. (NASDAQ:MSFT) and Meta Platforms (NASDAQ:META).
The bigger prize is Crane, the plant once known as Three Mile Island Unit 1. FERC granted a waiver letting Constellation shift grid connection rights to Crane, and the NRC approved its fuel license amendment, clearing two of the last hurdles before the 835 megawatt unit restarts in 2027 to serve its Microsoft contract. Constellation also filed to extend the licenses of its Ginna and Nine Mile Point 1 reactors in New York out to 2049, stretching value from ****** ets it already owns. Management guided to 20% annualized adjusted earnings growth through 2029, a number that excludes any contracts signed after this quarter.
GAAP numbers moved the other way. Earnings per share fell to $1.42 from $2.67 a year earlier, even as adjusted operating earnings rose to $2.55. Part of that gap traces to a bigger share count after the Calpine acquisition, with average diluted shares outstanding climbing to 360 million from 314 million. The nuclear fleet had a rougher quarter too: output slipped to 44,160 gigawatt-hours from 45,170, and the capacity factor at plants Constellation operates fell to 93.0% from 94.8%, with planned refueling outage days more than doubling to 86 from 41.
There's also cleanup work left from Calpine. Constellation agreed to sell the 606 megawatt Brazos Valley Energy Center to LS Power for $860 million, the last divestiture regulators required, but the deal still needs Department of Justice approval to close. And as a merchant power seller, Constellation stays exposed to regulatory pushback, including from consumer advocates who argue that connecting data centers directly to nuclear plants lets big tech dodge grid costs that land on residential customers instead.

#quarter #center

Cameco (NYSE: CCJ) recently reported ugly second-quarter results. The nuclear fuel supplier's revenue fell 7%, while its adjusted earnings per share missed the ******* ysts' consensus estimate by a mile (0.18 Canadian dollars per share vs. CA$0.36 per share, or $0.13 to $0.26).
However, things for the uranium company weren't as bad as they initially looked. The earnings miss was almost entirely due to lower equity earnings from its investment in Westinghouse Electric, which it co-owns with Brookfield Renewable. That trend could quickly reverse as its owners are preparing to take Westinghouse public, which could unlock significant value for Cameco.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Cameco bought a 49% interest in Westinghouse in late 2023, with Brookfield Renewable purchasing the remaining 51% stake. The deal valued Westinghouse at CA$8.2 billion ($5.9 billion) at the time of its closing.
As a co-owner of Westinghouse, Cameco accounts for its interest in the business on its financial results using the equity method of accounting in Canadian dollars. During the second quarter, Cameco reported a CA$10 million ($7.2 million) loss attributable to its Westinghouse share. That was down from CA$126 million ($90.4 million) in earnings in the year-ago period. However, that was entirely due to some lumpiness in Westinghouse's business. Cameco's equity earnings from Westinghouse were higher in 2025 due to its participation in the construction of two nuclear reactors at a power plant in the Czech Republic.

#earnings #NVIDIA

Experts are increasingly bullish on the potential of nuclear energy. Multiple Wall Street companies are predicting a multi-trillion-dollar opportunity for investors.
"After decades of underinvestment, a convergence of generational technological breakthroughs, intensifying geopolitical competition, and the need for clean, dense, reliable power are positioning nuclear energy for a renaissance," predicts Goldman Sachs.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Analysts at Goldman Sachs are particularly excited about relatively new forms of nuclear power, including small modular reactors, or SMRs.
"[H]yperscalers have ... helped lead investment in the commercialization of next-generation nuclear power, namely small modular reactors (SMRs) and fusion energy," the bank's ******* ysts conclude. "These technologies, long brushed off as too far from commercialization, are now drawing significant public and private sector support."

#nuclear #signal #energy #power

BUCHAREST, Romania (AP) — Romania raced on Thursday to sink four barges laden with rock into the Danube River in an attempt to redirect water downstream toward a nuclear power plant, to buy more time before its second reactor is likely forced offline due to record-low water levels.
Extreme heatwaves and low rainfall across the region have left the Danube at record lows over the past week, forcing the shutdown of a reactor at Romania's Cernavoda nuclear plant last week. The state-owned nuclear power plant accounts for about 20% of the country's electricity generation when fully operational and uses river water to cool its reactors.
The four barges were loaded with rock that Romania's military blasted from the river this week using explosives near the Danube's Bala Canal. Once submerged, the barges will create an underwater barrier to redirect the water down the river's main channel and toward the Cernavoda plant.
Speaking to local news channel Digi24, the plant's director Romeo Urjan said Thursday the Danube's water level had decreased about two centimeters (0.7 inches) from Wednesday to Thursday and that, without sinking the barges, the plant's second reactor would likely have to be shut down in five to six days.
"If the installed barges bring surplus water ... instead of five to six days, we will talk about nine to 10 days of operation from today onward," he said.

#plant

Over the past few years, Wall Street has fallen back in love with nuclear power. And it's easy to see why.
AI is driving a surge in electricity demand, prompting governments to extend the lives of existing reactors and encouraging big tech to secure nuclear power for data centers. As a result, we've seen a run-up on uranium miners, reactor developers, and nuclear fuel companies.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
That said, you don't have to pile into the same nuclear stocks as everyone else to benefit from this trend. In fact, I would even argue there's a much easier, safer way to profit from the continued rise in electricity demand while still getting exposure to the nuclear energy renaissance.
Hyperscale data centers can require hundreds of megawatts of electricity, with some campuses eventually consuming more than 1 gigawatt on their own. To put that in perspective, that's enough to power roughly 750,000 U.S. homes, or every single home in the state of Maine.

#electricity

As energy demand from artificial intelligence surges, investors are weighing the merits of fuel cells versus next-generation nuclear. Choosing between Bloom Energy (NYSE:BE) and Oklo (NYSE:OKLO) requires balancing established revenue against futuristic potential.
Bloom Energy provides solid-oxide fuel cell technology for reliable on-site power, catering to data centers and industrial clients. Oklo is a pre-revenue developer of small modular reactors aiming to revolutionize carbon-free energy. Both companies target the massive power needs of the modern economy, yet they sit at very different stages of commercial maturity.
Bloom Energy sells solid-oxide energy servers providing onsite electricity and hydrogen to customers like SK ecoplant and American Electric Power (NASDAQ:AEP). Customer concentration like this adds a layer of risk to the business since revenue depends heavily on major partnerships. Recently, the company secured a $1.7 billion project with Nebius (NASDAQ:NBIS) and a financing framework with Brookfield ***** et Management (NYSE:BAM).
In FY 2025, revenue reached nearly $2.0 billion, representing growth of approximately 37.3%. This expansion was driven by increasing demand for onsite generation in the electric utility stocks ***** e. Despite the top-line growth, the company reported a net loss of roughly $88.4 million, representing a net margin of negative 4.4%.
As of its December 2025 balance sheet, the debt-to-equity ratio was approximately 3.9x. This ratio measures total debt relative to shareholder equity, suggesting the company uses a significant amount of borrowed money. The current ratio is a healthy 6.0x, while free cash flow, or cash left after capital expenditures, reached roughly $57.2 million.

#energy #oklo

As energy demand from artificial intelligence surges, investors are weighing the merits of fuel cells versus next-generation nuclear. Choosing between Bloom Energy (NYSE:BE) and Oklo (NYSE:OKLO) requires balancing established revenue against futuristic potential.
Bloom Energy provides solid-oxide fuel cell technology for reliable on-site power, catering to data centers and industrial clients. Oklo is a pre-revenue developer of small modular reactors aiming to revolutionize carbon-free energy. Both companies target the massive power needs of the modern economy, yet they sit at very different stages of commercial maturity.
Bloom Energy sells solid-oxide energy servers providing onsite electricity and hydrogen to customers like SK ecoplant and American Electric Power (NASDAQ:AEP). Customer concentration like this adds a layer of risk to the business since revenue depends heavily on major partnerships. Recently, the company secured a $1.7 billion project with Nebius (NASDAQ:NBIS) and a financing framework with Brookfield ****** et Management (NYSE:BAM).
In FY 2025, revenue reached nearly $2.0 billion, representing growth of approximately 37.3%. This expansion was driven by increasing demand for onsite generation in the electric utility stocks ****** e. Despite the top-line growth, the company reported a net loss of roughly $88.4 million, representing a net margin of negative 4.4%.
As of its December 2025 balance sheet, the debt-to-equity ratio was approximately 3.9x. This ratio measures total debt relative to shareholder equity, suggesting the company uses a significant amount of borrowed money. The current ratio is a healthy 6.0x, while free cash flow, or cash left after capital expenditures, reached roughly $57.2 million.

#oklo

Oklo (OKLO), a clean energy technology firm headquartered in Santa Clara, California, was launched in 2013 by CEO Jacob DeWitte and co-founder Caroline Cochran. The firm designs and builds Aurora fast fission powerhouses, compact, modular nuclear reactors capable of generating 15 to 75 megawatts of electricity, while operating an integrated platform for nuclear fuel recycling and production.
Oklo's commercial model covers three main pillars: power generation, nuclear fuel services, and medical and industrial radioisotopes produced via its Groves reactor initiative. Backed by a contracted customer pipeline of over 14 GW across AI data centers, defense, industrial, and government clients, and $2.5 billion in cash secured through a successful $1.2 billion ATM offering, Oklo is positioning itself as a core advanced fission provider for the AI infrastructure market.
Costco Officially Launched Standalone Gas Stations. Don't Count on This Fueling Another Leg Higher in COST Stock.
Hot US Weather Forecasts Boost Nat-Gas Prices
Escalating Global Supply Risks Underpin Crude Oil Prices

#nuclear #prices #launched #billion

Nano Nuclear Energy (NASDAQ: NNE), as its name suggests, is designing microreactors. Picture, for a second, a nuclear reactor packed into a shipping container. That, in an image, is what Nano is trying to accomplish.
The company isn't earning commercial revenue from its reactors yet, nor does it have an NRC-approved design. As such, it's very much an early-stage nuclear company with high ambitions and plenty of "unknowns" that could ruin them.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
The near-term path for this nuclear stock will be more turbulent than comforting -- risk-tolerant investors only at this point -- but if you can hold fast without letting go, this nuclear stock could be a long-term winner, possibly even growing 15 times by 2040.
How could that happen? Let's run a quick scenario. Let's ******* ume Nano has 70 million shares outstanding (it currently has about 52.1 million, but dilution will likely happen). If those shares were worth about $250 apiece, the company would carry a $17.5 billion market cap. Now, supposing Nano trades at 5 times annual sales, then its annual revenue would need to be about $3.5 billion.

#NVIDIA #term #Stock

Shares of NuScale Power (NYSE: SMR) have been on a roller coaster ride over the past three years. They have risen as high as 575% over the period, but are currently only up around 5%, thanks to an 80% drawdown from their highs. That, however, could make them worth buying for long-term investors. Here's the big reason why you might want to step aboard.
Right now, NuScale Power bleeds red ink, and a lot of it. That's not unexpected, given that it is a start-up introducing new nuclear power technology to the world. That technology is small modular nuclear reactors (SMRs). NuScale Power has key regulatory approvals and is working with several potential partners as it seeks its first sale. The problem is that it doesn't actually have that sale in the books, and until it does, the company's technology remains untested.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
SMRs could be a game changer for the nuclear power industry. They are factory-built, use the most modern safety protocols, and are small enough to be moved easily and placed relatively close to where they are needed. An easy win would be using an SMR to power an artificial intelligence data center. But that's not the only opportunity, since NuScale's SMRs can be linked together to create a utility-scale facility.
The big reason to buy NuScale Power is that you believe SMRs will be a big market in the future. However, the company's future remains highly uncertain until it has actually sold one of its SMRs, built it, and seen it tested in a real-world environment. This is not a stock for the faint of heart.

The American power grid is about to fail the most important industry it has ever been asked to support.
In fact…the dominoes in this potentially disastrous scenario have already begun to fall. Large companies that right now depend heavily on the grid are making behind-the-scenes moves that are key to understanding what's about to happen next.
Microsoft just signed a 20-year deal to restart the Three Mile Island nuclear plant, a facility that has been offline since 2019. Amazon paid $650 million for a single data center campus to co-locate directly with the Susquehanna nuclear station in Pennsylvania. Google signed agreements with Kairos Power for small modular reactors. Meta has issued a request for proposals seeking up to 4 gigawatts of new nuclear capacity.
These are the most valuable companies on earth…and they're committing billions of dollars and waiting years to lock in power. They are not doing that because the grid is working. They are doing it because the grid is breaking.
This is the story Wall Street has not priced in yet. And it explains why a tiny Canadian-listed Bitcoin miner with infrastructure in Norway, Bitzero Holdings (NASDAQ: AIBZ), just signed a binding letter for a 15-year, $2.6 billion lease.