Is GE Vernova (GEV) the Best Nuclear Energy Stock to Buy Now?

GE Vernova Inc. (NYSE:GEV) is included among the 13 Best Nuclear Power Stocks to Buy According to Analysts.

GE Vernova Inc. (NYSE:GEV) brings together General Electric’s former portfolio of energy businesses including Power, Wind, Electrification and Digital businesses. The company’s nuclear business, GE Vernova Hitachi Nuclear Energy (GVH), is a world-leading provider of advanced reactors, fuel, and nuclear services.

GE Vernova Inc. (NYSE:GEV) has emerged as a pioneer of the small modular reactor (SMR) technology and made headlines earlier this year after it received permission to begin construction on its BWRX-300 SMR in Ontario – the first reactor of its type in the Western hemisphere, capable of powering roughly 300,000 homes. Moreover, it was reported in August that Swedish utility Vattenfall has selected Rolls-Royce and GEV to build a series of SMRs in the country. The utility plans to order either five BWRX-300 reactors from GEV or three Rolls-Royce SMRs, to provide a total output of around 1,500 MW.

GE Vernova Inc. (NYSE:GEV) is also aiming to deploy small nuclear reactors across the developed world and targeting over $2 billion in annual revenue from the business by the mid-2030s.

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Disclosure: None.