October 2026
Largest Nuclear Public Companies in the US
Benchmark revenue and EBITDA valuation multiples for public comps like
GE Vernova, Vistra, Oklo, Uranium Energy and X-Energy.
 | GE Vernova is a global leader in the electric power industry, with products and services that generate, transfer, convert, and store electricity. The company has three business segments: power, wind, and electrification. Power includes gas, nuclear, hydroelectric, and steam technologies, providing dispatchable power. The wind segment includes wind generation technologies, including onshore and offshore wind turbines and blades. Electrification includes grid solutions, power conversion, electrification software, and solar and storage solutions technologies required for the transmission, distribution, conversion, and storage of electricity from the point of generation to the point of consumption. | $1,005 | +72% | $268B | $258B | 6.8x | 80.1x | ||
| Vistra Corp. is one of the largest power producers and retail energy providers in the USA. It owns 44 gigawatts of generation capacity, including natural gas (27 GW), nuclear (6.5 GW), coal (8.7 GW), and solar and battery storage (1.4 GW). The Cogentrix acquisition will add 5.5 GW of gas generation. Vistra's retail electricity business serves 5 million customers in 20 states, including almost a third of all Texas electricity consumers. Vistra emerged from the Energy Future Holdings bankruptcy as a stand-alone entity in 2016. | $161 | -14% | $54B | $76B | 4.3x | 15.1x | ||
| Oklo Inc. is a publicly listed United States advanced-nuclear company founded in 2013. It is developing compact fast-fission power plants under the Aurora powerhouse product family. The systems are designed to supply reliable electricity and heat to data centers, industrial facilities, communities and defense installations. Oklo plans to own and operate powerhouses and sell energy through long-term customer agreements rather than only selling reactor equipment. A second business line is developing services and technology for recycling used nuclear fuel. The company works with national laboratories, regulators, government agencies and commercial customers as it moves projects toward deployment. Revenue is expected from energy sales, fuel-recycling services and related technology or project arrangements. | Nuclear+2 | $35 | -72% | $6.5B | $4B | - | (28.8x) | |
| Uranium Energy Corp is a uranium mining company engaged in the exploration, extraction, and processing of uranium and titanium concentrates across projects in the United States, Canada, and Paraguay. The Company operates through multiple segments, including uranium mining activities in Wyoming, Texas, Saskatchewan, and other regions, along with a corporate segment focused on investments and uranium inventory trading. It is expanding its portfolio of low-cost uranium projects in stable North American locations and operates a Wyoming-based ISR (In-Situ Recovery) Hub and Spoke platform. This platform is supported by two fully operational central processing plants and seven U.S. ISR uranium projects. | Nuclear+1 | $9 | -39% | $4.6B | $4.1B | 109.0x | (27.7x) | |
| X-Energy Inc is a leading developer of advanced SMR and fuel technology for clean energy generation. It is seeking to redefine the nuclear energy industry through its flagship product, the Xe-100, an advanced small modular HTGR designed to generate up to 80 megawatts of electric power and/or up to 200 megawatts of thermal output, depending on the configuration. X-energy’s simple and intrinsically safe advanced SMR designs, like the Xe-100, significantly expand the applications and markets for nuclear technology with enhanced safety, lower cost and faster construction timelines when compared with conventional nuclear energy sources and broader use cases when compared with other SMRs. | Nuclear+1 | $14 | -- | $3.9B | $2.6B | 27.7x | (11.3x) | |
| NuScale Power Corp is redefining nuclear power through the development of proprietary and SMR technology that will deliver safe, scalable, cost-effective, and reliable carbon-free power. Its products are VOYGR Plants and E2 Centers. | $7 | -80% | $3B | $1.8B | 58.3x | (2.8x) | ||
| Energy Fuels Inc is a critical mineral company based in the U.S. It produces several critical minerals, including uranium, vanadium, REEs (including NdPr, Dy and Tb) and HMS (including titanium and zirconium minerals). The company's project portfolio comprises uranium properties like Pinyon Plain Project, White Mesa Mill, Roca Honda Project, etc.; Heavy Minerals Sands project like Vara Mada Project, Donald Project, Bahia Project, etc.; the Nichols Ranch Project, and several other properties. The firm's reportable segments are: Uranium, REE, and HMS. Key revenue is generated from the Uranium segment, which is involved in conventional and ISR uranium extraction, recovery and sales of uranium from mineral properties, and the recycling of uranium-bearing materials generated by third parties. | Nuclear+2 | $10 | -50% | $2.6B | $2.4B | 36.3x | (28.6x) | |
| Standard Nuclear Inc is an independent advanced nuclear fuel company. The company designs, engineers, and manufactures advanced nuclear fuels, with a primary focus on TRISO fuel for advanced reactors. Its operations include industrial-scale TRISO fuel manufacturing and the development of fuel for advanced reactors that utilize TRISO fuel. The company operates in a single operating and reportable segment, as it is engaged in a single business activity of TRISO production. It derives revenue from fuel development and services agreements. Geographically, the maximum revenue is generated from the United States. | $14 | -- | $2.1B | $2.3B | 718.5x | (144.3x) | ||
| Nano Nuclear Energy Inc is a nuclear energy and technology company developing smaller, simpler, and safer clean energy solutions using proprietary reactor designs, intellectual property, and research methods, and is currently in the pre-revenue stage. The Company development focuses on four business lines: the Nuclear Reactor Business, involving nuclear microreactors including KRONOS MMR, ZEUS, and LOKI MMR; the Fuel Processing Business, aimed at developing a domestic LEU and HALEU fuel supply chain in coordination with the Department of Energy; the Fuel Transportation Business, focused on developing high-capacity HALEU transportation products; and Nuclear Consultation Services, providing nuclear service support and consultation services domestically and internationally. | $15 | -68% | $824M | $246M | - | (6.2x) | ||
| Ur-Energy Inc is engaged in uranium mining and recovery operations, with activities including the acquisition, exploration, development, and production of uranium mineral resources located in Wyoming. The company owns and operates the Lost Creek in-situ recovery uranium facility in south-central Wyoming, Lost Creek received an amendment to its license allowing the expansion of mining activities within the existing Lost Creek Project and the adjacent LC East Project. | $1 | -41% | $403M | $378M | 13.9x | (5.4x) | ||
| Terrestrial Energy Inc is an industry-leading technology company committed to delivering reliable, emission-free, and cost-competitive nuclear energy with a transformative advanced reactor, the Integral Molten Salt Reactor (IMSR). Its mission is to transform global energy markets by commercializing its IMSR Plant, which will deliver low-carbon electricity and industrial heat with superior economics, speed to deployment, and siting flexibility. | Nuclear+1 | $3 | -81% | $348M | $78M | - | (3.3x) | |
| Deep Fission Inc is a nuclear energy technology company developing a small modular reactor based on established pressurized water reactor technology, with novel emplacement in deep boreholes approximately one mile below the Earth's surface. Its reactor, which is referred to as the Gravity Reactor, will leverage subsurface conditions to support key containment and operating functions, including the use of hydrostatic pressure from a water column within the borehole to support reactor operating pressure and cooling, and the surrounding geological formation to provide structural confinement and shielding. The group's focus is within the United States, where electricity demand growth, expanding digital infrastructure, and evolving energy policy. | $4 | -- | $262M | $169M | - | (2.8x) | ||
| Lightbridge Corp is a United States-based nuclear fuel technology company. The business activity of the firm is functioned through one business segment, which is the development and commercialization of its nuclear fuel. The Nuclear Fuel Technology segment develops next generation nuclear fuel technology that increases the power output of commercial reactors and reduces the cost of generating electricity. Geographically, its operations are functioned through the region of Unites States. | $6 | -75% | $214M | - | - | - | ||
| enCore Energy Corp together with its subsidiary, is principally engaged in the acquisition, exploration, development and extraction of uranium resource properties in the United States. The Company is focused on the extraction of domestic uranium in the United States. The Company utilizes the In-Situ Recovery technology (ISR) to provide necessary fuel for the generation of clean, reliable, and carbon-free nuclear energy. | $1 | -68% | $190M | $253M | 5.9x | (4.9x) | ||
| Eagle Nuclear Energy Corp is a next-generation nuclear energy company that seeks to combine domestic uranium exploration and development with proprietary small modular reactor (SMR) technology. It holds the rights to the mineable, measured and indicated uranium deposit in the United States, referred to as the Aurora Uranium Project, located in southeastern Oregon. The Aurora Uranium Project includes the Aurora deposit, with an estimated 37.73 million pounds of near-surface uranium and the adjacent Cordex Zone Eagle’s SMR technology. Eagle’s mission is to supply uranium to the growing nuclear energy industry and play a role in the global transition to clean, reliable, and affordable energy. | Nuclear+1 | $6 | -- | $170M | $168M | - | (32.0x) | |
| Hadron Energy Inc is a nuclear technology company focused on developing factory-fabricated, transportable 10 megawatt-electric (MWe) micro-modular reactors (MMRs) to meet the growing demand for clean, reliable, and affordable power. The company aims to deliver scalable, carbon-free energy solutions that can be rapidly deployed to power a variety of industries, including data centers, industrial facilities, remote communities, government installations and more. The market segments for its proprietary reactor, Hadron Halos, are Data Centers, Industrial Facilities and Heavy Manufacturing, Remote Communities and Critical Infrastructure, and Utilities and Distributed Energy. | Nuclear+2 | $1 | -- | $77M | $54M | |||
| Median | $8 | -68% | $1.5B | $1.8B | 27.7x | (5.4x) |
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