US / UK / Canada · Power & Cooling
Small Modular Reactors
Small reactors promise factory-built firm power, but first-of-a-kind licensing, HALEU fuel and forging capacity push meaningful volume into the 2030s.
HALEU fuel→Forgings→Licence→Module
42
Tightness score ⓘ
#54 of 56
■ Stable
Lead time
60–120 mo
Theme 1M
−22.6%% in uptrend
0%Metric to watch
NRC licensing milestones, first-concrete dates, and HALEU supply agreements.
What would prove us wrong
Strengthens if a first unit reaches commercial operation on schedule and on budget.
SMR theme performance
Equal-weight · rebased 100 · 1YStocks we track
Who controls this bottleneck
Roles, not recommendations. Delayed prices; local currency.
| Stock | Role | Listing | Last | 1D | 1M | 3M | YTD | Off 52w high | Trend | Next earnings |
|---|---|---|---|---|---|---|---|---|---|---|
| OKLO Oklo |
Advanced fission developer | NYSE US |
$26.27 | −0.30% | −30.9% | −33.6% | −63.4% | −81.7% | 2026-11-06 | |
| SMR NuScale Power |
Licensed SMR design | NYSE US |
$5.33 | −0.93% | −36.7% | −35.2% | −62.4% | −88.1% | 2026-11-05 | |
| BWXT BWX Technologies |
Naval reactors, fuel and components | NYSE US |
$130.2 | +2.34% | −6.0% | −23.2% | −24.4% | −45.2% | 2026-11-02 | |
| RR.L Rolls-Royce |
SMR programme plus power systems | LSE UK |
1,234.8p | +6.06% | −16.6% | −13.0% | +7.4% | −21.4% | — |