Nuclear Energy Primed to Explode Into $10 Trillion Industry, BofA Analysis Reveals

The atomic age gets a trillion-dollar upgrade.

Bank of America's latest analysis sends shockwaves through energy markets—projecting nuclear power could grow into a staggering $10 trillion industry. That's not just pocket change, even for Wall Street bankers.

Atomic Acceleration

Global energy demands collide with decarbonization pressures, creating the perfect reactor core for nuclear expansion. New reactor technologies bypass traditional safety concerns while cutting construction timelines in half.

Private capital floods into next-gen fission projects as governments rewrite regulatory frameworks. The financial calculus finally works—provided regulators don't melt down first.

Fueling the Future

Uranium markets tighten as capacity projections double within decade timelines. Small modular reactors become the dark horse in the clean energy race—delivering baseload power without the carbon baggage.

The number-crunchers at BofA clearly see the chain reaction potential. Though if past predictions are any indicator, their crystal ball works better for banking fees than energy forecasts.

Fission becomes fashionable as the world goes nuclear over climate targets.

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Unlike traditional nuclear plants that take decades to build and produce over 1,000 megawatts, SMRs are smaller, cheaper, and faster to assemble, and usually produce 500 megawatts or less. It is worth noting that NuScale Power (SMR), the only U.S. company with an approved design, could deliver its first reactor by 2030, while Oklo (OKLO), which is backed by OpenAI’s Sam Altman, is aiming for 2027.

Unsurprisingly, investor excitement for these firms has been strong, with NuScale’s stock more than doubling this year while Oklo has risen by over 500%, thanks to expectations that SMRs can help meet the energy demands created by AI and other high-growth industries. Moreover, the Global X Uranium ETF (URA), which tracks the sector, has gained more than 65% as uranium prices also rise. Interestingly, analysts believe that nuclear power’s share of U.S. electricity could triple in the next decade. This WOULD end years of stagnation and position the industry for a powerful new growth cycle.

Is URA Stock a Good Buy?

Turning to Wall Street, analysts have a Moderate Buy consensus rating on URA stock based on 30 Buys, 20 Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average URA price target of $45.56 per share implies 8.2% downside risk.