Better Nuclear Energy Stock: NuScale Power (SMR) vs. Oklo (OKLO)

2026-03-06 13:54:22 ET

NuScale Power (NYSE: SMR) and Oklo (NYSE: OKLO) are both trying to shake up the nuclear energy market with smaller and more scalable reactors. Last July, I compared these two stocks and claimed NuScale was a better buy because it was generating more revenue and its stock looked more reasonably valued relative to its growth potential.

But since then, NuScale's stock has plunged nearly 80%, while Oklo's has only declined 20%. Let's see why that happened -- and if my previous thesis for NuScale still holds up.

Image source: Getty Images.

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