Uranium and nuclear stocks look to have bottomed as AI drives record demand for nuclear power and carbon goals. Google signed a major power deal with Constellation Energy, adding 890 MW of nuclear capacity in PJM, and France expects EU approval to subsidize six new reactors totaling about 10 GW. The IEA sees global electricity use rising about 5,400 TWh by 2030, and Goldman Sachs estimates a 2.3 billion-pound uranium deficit through 2045. Fall seasonality and a double bottom add support. x.com  … Show more

Constellation Energy's long-term contracts and growing nuclear-power demand underpin its appeal. It signed 15- to 20-year deals with Google, Amazon and Walmart in 2026, yet its forward P/E has fallen to about 20x from a massive 2025 premium. It looks like an even better bet today. x.com 

Uranium has been trading terribly, and many longs are true believers who need to be disappointed before it has its time, even as energy security grows more important. x.com 

Uranium stocks remain attractive even in an equities bear because commodities and equities tend to alternate leadership over long cycles, while uranium's projected supply deficit extends into the 2040s. Commodities had reached historically undervalued levels against equities when last checked and are due for a major relative resurgence, probably as equities blow off then crash. Uranium is even more bullish than the broader commodity case: a major equity crash would not erase its deficit. x.com 

Nuclear energy will be the only option as data centers rise from 4% to 8.5% of US peak power demand by 2027, supporting uranium and nuclear-power exposure. x.com 

Nuclear power is the long-term answer to AI's energy needs, best owned in tiers by risk. Constellation, with 20-year Microsoft and Google contracts, and BWX Technologies, a 2.6 book-to-bill reactor servicer, offer steady 15-30% a year. Cameco, Centrus, Oklo and X-Energy target 2-5x; Oklo and X-Energy are pre-revenue bets on 14GW and 5GW pipelines. Uranium Energy, US uranium independence, ASP Isotopes, HALEU enrichment for SMRs, and Ur-Energy, pure uranium leverage, are 10x-or-zero bets. x.com 

Constellation Energy earns an A growth grade among large S&P utilities, and its massive nuclear fleet supplies the premium 24/7 product data centers need. It keeps converting output to long-term PPAs, recently signing another 920 MW, while substantial uncontracted nuclear capacity remains available. That leaves more unregulated merchant exposure than Vistra, whose larger retail book gives steadier earnings. x.com  x.com  x.com 

Uranium faces a 10-20-year structural shortage, not a short cycle, and Cameco's reach across the nuclear value chain extends the benefit beyond price. Goldman Sachs projects about 20 new US reactors, restarts and longer reactor lives through 2045, with a 32% supply deficit. Fuel is only 5-10% of plant operating costs, so utilities prioritize securing supply, lifting contract prices. Cameco spans mining, conversion, fuel services and Westinghouse. New mines or policy shifts could ease the gap. … Show more

Vistra's shift toward long-term hyperscaler contracts may warrant a higher multiple than its roughly 14x forward earnings, versus about 21x for Constellation. Its 3.8 GW of nuclear commitments with Meta and Amazon could reduce exposure to volatile wholesale prices; Lotus added 2.6 GW of gas capacity and the pending Cogentrix deal could add 5.5 GW. Further contracts and controlled leverage remain important to the upside case. x.com 

A new uranium rally looks set to start soon. Per Goldman Sachs, uranium is another commodity bull market, driven by about 20 new US reactors over the next two decades, reactor restarts and longer reactor lives, while supply keeps disappointing and a 32% supply deficit is expected by 2045. x.com  x.com