The #1 Nuclear Provider in America

Once despised by environmentalists and the oil industry alike, nuclear energy has seen its reputation take a 180-degree turn. It is now embraced by many who consider themselves “green,” as well as those in the energy industry… and by both Republicans AND Democrats.

In short, nuclear energy is humanity’s best bet for our future.

Nuclear energy represents an opportunity that can give the world virtually limitless energy with no carbon emissions and next to no pollution. The only emission from a given nuclear plant is pure water vapor from the cooling towers.

Nuclear power is also among the safest ways of producing electricity. Death rates are tracked in terms of both plant accidents and air pollution per terawatt-hour of electricity generated. As you can see in the chart below, the data speaks for itself. Nuclear power is dramatically safer than almost everything else.

As much as 96% of the waste produced by nuclear power can be recycled. In fact, all the waste produced by any given nuclear plant in the United States since 1970 could fit on one football field.

By the way, you could take a stroll through that football field and be perfectly fine. Modern dry cask storage units for nuclear waste mean there is no more radiation coming off the waste than you would experience at cruising altitude on a plane.

Furthermore, the amount of energy we can get from uranium dwarfs any other source. A single 1-inch-tall enriched uranium pellet (dozens of which are stacked atop one another in a nuclear fuel rod) contains the same energy potential as 17,000 cubic feet of natural gas, 120 gallons of oil, or 1 ton of coal.

There isn’t a safer, cleaner, more reliable energy source than nuclear power.

As politicians, media pundits, and the general public have gradually come around on nuclear energy, the company featured in this report has been quietly sitting in the background, powering millions of homes through the power of the atom and waiting for us to come to our senses.

(Nuclear) Power to the People

Constellation Energy (Nasdaq: CEG) is a refreshingly straightforward business in a market dominated by trendy tech stocks with complicated business models. It simply generates electricity and supplies it to a wide range of residential and corporate customers.

The only quirk is that most of the energy it produces is green.

It’s involved in hydroelectric, wind, and solar power, along with natural gas and oil. Most importantly for our purposes, it’s far and away America’s largest nuclear energy producer. Its nuclear fleet generates enough energy to power 15 million homes.

Now, before we continue, I’ll provide a brief explanation of how nuclear power works. It’ll demystify it a bit and allow you to visualize what happens at Constellation’s plants.

Nuclear power plants make electricity by heating water. The reactor loop is pressurized to prevent contamination and to prevent the water in the reactor from becoming steam.

That water heats clean water from a river or lake, which boils, becomes steam, and spins a turbine to generate power. The steam then condenses back into water and is returned to its source, and any leftover steam rises from the cooling towers. Aside from the source of the heat, the process is no different from how a coal or natural gas plant produces power.

Inside the reactor, fuel rods made up of uranium fuel pellets are bombarded with neutrons. When a uranium atom absorbs a neutron, it splits into smaller atoms, releasing energy and more neutrons. Those neutrons trigger further reactions, creating a self-sustaining chain reaction that generates heat.

To control the speed of the reaction, control rods of various materials, such as silver, boron, or cadmium, absorb the excess neutrons to prevent the reaction from becoming unstable or melting down. All the control rods can be plunged into the reactor fully to shut it down within seconds.

Once fuel rods are spent, they are placed in a cooling pool for a time. (You could actually swim in this water – radiation doesn’t travel far in liquids.) Then they’re sealed in concrete inside a dry cask and stored on-site.

It’s safe and totally clean. The only glowing comes from the Cherenkov radiation, which is nothing more than charged electrons from the fuel moving faster than light through a clear substance (in this case, water).

Constellation produces more of this powerful, clean energy than anyone else. Its nuclear facilities span the country, as it operates in 48 states and has nuclear plants in Maryland, Texas, New York, Illinois, Pennsylvania, and more.

Like BWX Technologies (which I outline in detail here), this is a blue chip stock with catalysts on the horizon that are set to give it the growth potential of a far smaller stock.

The Stars Are Aligning for Constellation Energy

There are 94 nuclear reactors in the United States, and Constellation Energy runs 21 of them − 10 more than any other company.

It has 2 1/2 times more nuclear energy capacity than any other company in the United States.

It also has more customers than it knows what to do with, including tech giants like Microsoft.

Constellation is America’s largest nuclear producer by a considerable margin, and it has the balance sheet to match.

But it’s about to become even bigger.

In September 2024, Microsoft partnered with Constellation to resurrect the Three Mile Island nuclear plant in Pennsylvania. The goal is to provide Microsoft with the energy to run its AI operations.

The 20-year power purchase agreement will pave the way for Constellation to revive the plant. Despite the near-disaster that happened decades ago in the neighboring reactor (which was owned by a different company and is being decommissioned), this plant operated at industry-leading levels of safety and reliability for decades until it was shut down due to economic reasons in 2019.

Under the agreement, Microsoft will purchase power from the renewed plant to meet both its power needs and its green energy goals.

Once recommissioned, the Crane Clean Energy Center will inject 835 megawatts of carbon-free energy into the grid, create 3,400 jobs for the local community, and add $3 billion in state and federal tax revenue.

In 2025, Constellation announced that it had made “significant progress” and that the reopening of the plant was ahead of schedule and on track for 2027.

The plant will further cement the company’s position as America’s dominant nuclear energy provider − and further pad its considerable bottom line.

In 2024, Constellation brought in revenues of $23.6 billion. Net income rose to $3.75 billion (up 131% year over year), and operating income grew 150% to $4.27 billion.

In the second quarter of 2025, the company brought in $6.1 billion in revenue, up over 11% year over year. Operating income for the quarter was a solid $939 million.

In addition, Constellation has cash reserves of $1.98 billion and has been using that cash to buy back its own shares, driving the stock up further. It repurchased $1 billion worth of shares in both 2023 and 2024 and resumed its buyback program in Q2 of 2025, buying back $400 million in stock.

To sweeten the deal, the company also pays out a dividend that yields 0.5% at current prices. It has committed to boosting its dividend and has delivered on that promise, having raised it by 25% in 2024 and 10% in 2025.

As nuclear comes roaring back into the limelight, all indications point to Constellation being one of the most dominant players in the nuclear power industry.

In addition to all the positive metrics, in early 2025, Constellation announced that the company agreed to acquire Calpine Corp. in a cash and stock transaction for a net purchase price of $26.6 billion. The deal enables Constellation to expand its customer base nationwide with Calpine’s natural gas and renewable energy products.

The deal passed several stages of regulatory approval throughout the summer of 2025 and is expected to close in the fourth quarter.

With Constellation, along with the top uranium miner in the United States and the leader in America’s nuclear renaissance, your portfolio will be going nuclear along with the country’s power grid.

Scoop up some shares of Constellation as soon as possible and embrace the power of the atom today.

Recommendation: Buy Constellation Energy (Nasdaq: CEG) at market. Set a 25% trailing stop to protect your principal and your profits.