3 High-Volatility Nuclear Stocks to Watch in November 2024 – Timothy Sykes

The nuclear sector has seen a surge of interest in 2024, with heavy investment from tech leaders like OpenAI CEO Sam Altman and former Microsoft CEO Bill Gates pushing nuclear power stocks into the spotlight. These stocks have been riding high on the backs of AI’s explosive energy needs, and short-term traders are seeing volatile price action as nuclear energy becomes a preferred alternative. But make no mistake: nuclear penny stocks are prone to massive spikes and steep drops, so stay cautious and prioritize well-timed entries and exits.

Here are three nuclear stocks that have caught the attention of fast-moving traders. Don’t get attached—these are plays where quick, strategic moves are crucial. Remember, volatility can work in your favor if you’re prepared for the price swings and don’t buy into the hype.

Check out more high-volatility picks here!

Understanding Nuclear Energy Stocks

Nuclear stocks represent companies engaged in the production, development, or management of nuclear energy resources. Unlike solar or wind, nuclear power provides a continuous, stable energy output, making it attractive as AI’s energy demands skyrocket. As renewable energy investment shifts towards nuclear, these stocks offer a rare blend of green energy potential with long-term stability. However, it’s critical to note that while nuclear stocks carry significant growth potential, they’re also subject to market volatility and regulatory scrutiny.

That’s why I always go for small gains — and most importantly, CUT LOSSES QUICKLY.

Top 3 Small-Cap Nuclear Stocks for 2024

These are my top three nuclear stocks to watch in November:

• Nano Nuclear Energy Inc. (NASDAQ: NNE)
• NuScale Power Corporation (NYSE: SMR)
• Oklo Inc. (NYSE: OKLO)

The stocks on this list are some of the wildest movers on the market …

Trading any of these stocks should be approached with a clear strategy and an understanding of the risks involved. I don’t trade until I see a setup I like.

I’m not suggesting you trade ANY of these stocks.

I’m just showing you what to look for.

The best traders watch more than they trade — that’s what I’m trying to model here.

Get my NO-COST WEEKLY WATCHLIST here.

Now onto the picks…

1. Nano Nuclear Energy Inc. (NASDAQ: NNE) — The Squeeze Play to Watch

Nano Nuclear Energy (NNE) is capturing interest as a penny stock with high squeezability. It IPOed in March, spiking 500%* in June before cooling down—an ideal setup for traders who know how to handle the volatility. 

NNE’s breakout history makes it one to watch for short-term runs, especially given the recent surge in nuclear demand. If NNE follows the lead of sector giants, this could mean a swift move back to those previous highs near $37.50. 

But beware: as quickly as it climbs, NNE can also reverse, so approach with a strict exit plan.

Check out the latest news on NNE here!

2. NuScale Power Corporation (NYSE: SMR) — Strong Technology with Weak Revenue

NuScale Power (SMR) boasts an advantage over renewable alternatives, thanks to its small, modular reactor technology that occupies less space but generates substantial power. SMR has rocketed up 85%* this month, partly on optimism surrounding its scalable energy solution for hyperscale data centers. The hype around its connection to Fluor, a heavyweight in construction and project management, has added credibility to SMR’s tech.

But here’s the risk: despite the technology, NuScale has yet to produce meaningful revenue, and a recent canceled project in Idaho highlights how financial hurdles can hit nuclear stocks hard. For short-term traders, SMR’s rapid gains make it attractive, but it could correct sharply at any moment. Don’t get sucked into the storyline here—focus on capturing the price action and exit when momentum stalls.

Here’s part of the move that sent SMR up 81% in the last month!

3. Oklo Inc. (NYSE: OKLO) — Riding the Big Tech Nuclear Wave

Oklo (OKLO) is up over 150%* this month alone, riding a wave of support from Sam Altman and major tech names who see nuclear as the future of energy for AI infrastructure. OKLO’s compact reactors and Altman’s backing have given it a strong footing, especially as data giants like Microsoft and Amazon ink deals to secure long-term nuclear energy sources.

This stock is hot, but it’s also extended. OKLO’s gains may keep going in the short term, but be cautious: once the hype cycle cools, profit-taking could kick in. Remember, the short-term moves in OKLO are all about capitalizing on volatility. Don’t fall for the “long-term potential” narrative—this is a stock where sharp corrections are just as likely as big gains.

We wrote about OKLO on the downside of a recent spike — here’s why you shouldn’t get greedy trading these stocks…

*Past performance does not indicate future results

Key Drivers of Growth in Nuclear Stocks

1. Rising Demand for AI Power Solutions: With AI systems requiring vast amounts of energy, nuclear energy is increasingly viewed as a viable solution for meeting these needs sustainably. Investors are responding to this demand by flocking to stocks that can fuel the AI boom through clean, consistent energy.
2. Notable Investments from Tech Leaders: Heavy investments from Altman and Gates highlight a powerful shift in sentiment towards nuclear. Their involvement boosts credibility in nuclear startups and suggests a future where nuclear is central to green energy strategies.
3. Technological Advances in Nuclear Efficiency: Innovations like modular and microreactors are key drivers in the nuclear space. These developments offer safer, more scalable solutions, positioning companies like OKLO and SMR as forerunners in nuclear innovation, while drawing interest from major sectors.
4. Global Shift Toward Energy Independence: Amid fluctuating fossil fuel prices and environmental pressures, nuclear energy presents a viable path to energy independence. This shift boosts nuclear’s appeal, making it a high-potential sector for long-term gains.

Risks and Considerations With Nuclear Stocks

As promising as nuclear stocks may be, they also come with their own set of risks: 

• Regulatory barriers can delay or limit nuclear development projects.
• The highly technical nature of the industry means that any setbacks in technology could impact valuations dramatically.
• Nuclear companies often rely on high upfront investments, making them vulnerable to shifts in government policies and investor sentiment.

When to Buy Nuclear Penny Stocks

Timing plays a crucial role in trading nuclear stocks. By closely monitoring stock patterns, traders can identify entry points that align with the market’s energy needs and investor sentiment. Nuclear stocks can experience volatile price swings based on news of technological advancements or regulatory shifts, so it's essential to stay updated and react rather than predict.

Is Now the Right Time to Invest in Nuclear Stocks?

Nuclear stocks are worth watching as they align with growing energy demands in tech and AI. With significant backing from industry leaders and innovations making nuclear more accessible, the sector holds potential for sustained growth. Keep a watchlist and stay informed on developments in nuclear technologies and policies, so you’re ready to act when opportunities arise.

Key Takeaways

• Stay Skeptical of the Hype: Nuclear stocks can run hard and fast on news, but they’re just as likely to give up gains in profit-taking. Don’t get attached to stories or big tech endorsements—focus on price patterns.
• Timing Is Everything: When dealing with high-volatility plays like NNE, SMR, and OKLO, you need to act quickly. Once these stocks start to move, have a clear plan for taking profits or cutting losses.
• Risk Management Is Key: Only enter with defined exit points, and don’t chase overextended moves. Be prepared to cut losses swiftly and take profits when the opportunity presents.

These nuclear stocks are all about trading the spikes, not holding for promises. Watch the charts, ignore the hype, and stick to a disciplined trading framework.

Trading isn’t rocket science. It’s a skill you build and work on like any other.

Timothy Sykes built his Trading Challenge to pass on the things he had to learn for himself.

Apply to the Trading Challenge here.

Trading is a battlefield. The more knowledge you have, the better prepared you’ll be.

What nuclear stocks are on your watchlist? Write “I’ll cut losses quickly Tim!” in the comments if you’ve learned my number-one strategy…

Frequently Asked Questions

Are Nuclear Energy Stocks Volatile?

Absolutely. Nuclear energy stocks, especially those in the small-cap or penny stock categories, are highly volatile. Price swings can be dramatic, often driven by news of regulatory developments, technological milestones, or partnerships with big tech. Recent endorsements from figures like Sam Altman and Bill Gates have spurred nuclear stocks to new highs, but remember, these spikes can reverse just as quickly. For traders, this volatility is a double-edged sword: while it creates opportunities for short-term gains, it demands quick decision-making and strict risk management to avoid significant losses.

Is It Safe to Invest in Nuclear Energy Stocks?

Investing in nuclear energy stocks comes with considerable risk. Many nuclear companies are still in developmental stages, facing long timelines and regulatory hurdles before they see real revenue. The industry’s future hinges on complex factors—government support, environmental concerns, and public opinion—all of which can affect stock performance overnight. Traders must stay cautious, focusing on defined entry and exit points rather than banking on company narratives. While nuclear stocks hold potential, they are best suited for those who can handle high-risk, high-reward scenarios and are prepared for the potential of rapid declines.

In this sector along with all of the others, I prefer to trade.

Should I Hold Nuclear Energy Stocks Long Term?

Long-term holds in nuclear energy stocks require a clear understanding of the sector’s unpredictability and an acceptance of potential setbacks. Unlike established sectors, nuclear energy companies are highly dependent on future developments and external funding. With this in mind, holding nuclear stocks long-term is inherently risky without clear, sustainable catalysts like regulatory approvals or proven revenue generation. For most traders, nuclear stocks are better approached as short-term opportunities, capturing price action and moving on before hype fades.