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Small modular reactors sit at the intersection of the two biggest stories in power right now: hyperscalers scrambling for firm, carbon-free baseload, and a US grid that has not built meaningful new nuclear capacity in a generation.
A rotation back into nuclear names is running through the complex on Tuesday morning, and small modular reactor developers are leading the tape higher. The Global X Uranium ETF (NYSEARCA:URA) is up 4% as the sector proxy.
Oklo stock has struggled to find its footing in 2026, with shares down 42% thus far. The stock price is approaching its 52-week low of $36.61.
Nuclear energy is a promising solution to AI's rising energy needs. SMR technology has high upside potential but also clear risks.
Massive demand for electricity has led to a nuclear renaissance, but it really hasn't hit the U.S. just yet.
NuScale Power and Oklo are leading SMR stocks. Picking between the two relies on one key decision.
I maintain my Buy rating of Oklo with my price target revised from $99 to $88 due to dilution. Q2 2026 demonstrated tangible execution progress: Groves achieved first criticality, Aurora-INL advanced, and Aurora-Ohio secured key agreements. My normalized EBITDA estimate rises modestly to $443 million, with improved confidence in risk-adjusted capacity for Ohio, INL, Fuel, and Isotopes.
Shares of both Oklo and NuScale Power are struggling in 2026, down 45% and 36%, respectively. Both companies are developing small modular reactors but have yet to establish commercial operations.