Sector · 6 names
Reactors & SMRs
Companies designing new reactors, mostly small modular ones. Pre-revenue technology bets, not uranium price bets.
What matters here
Funding and first build. None of these designs is commercial yet, and first-of-a-kind projects overrun: NuScale's Utah project was cancelled when its power price rose from $55 to $89/MWh. About 6.1 GW of hyperscaler commitments depend on SMRs that don't exist yet. Watch runway and dilution.
Every name in the sector, total return
Total return in USD, on a log scale · grey is physical uranium (U.U)