WisdomTree : Uranium is the fuel powering the nuclear renaissance, and recent market moves suggest investors are increasingly focused on its future prospects.
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Mobeen Tahir, Director, Macroeconomic Research & Tactical Solutions, WisdomTree
At WisdomTree, we share this view given the strong fundamentals of this very energy-dense commodity.
This blog outlines why, despite strong advances over the past couple of years, the nuclear energy surge is only getting started and must go much further to meet global targets. It also presents the fundamental case for why uranium is emerging as such an attractive long-term investment.
Focus on purity:
Stock selection and weighting are based on revenue exposure to the uranium and nuclear energy value chain. Upstream companies must derive at least 50% of their revenue from the theme, while midstream companies require a minimum of 10%. This threshold accounts for their strategic role in the value chain while acknowledging their diversified business models. Weightings are adjusted in favour of companies with higher revenue exposure, subject to caps and liquidity requirements.
The nuclear renaissance has much further to go
Nuclear power is firmly back on the global energy agenda. Thirty-one countries have pledged to triple global nuclear capacity by 2050[1], while the United States has committed to quadrupling its capacity over the same period[2], reflecting the growing role of nuclear in energy security, decarbonisation and grid stability.
This push is increasingly reinforced by the private sector. Large technology companies with rapidly expanding data-centre footprints, including Microsoft, Google, Amazon and Meta, are striking long-term deals to secure nuclear power. These range from agreements linked to existing reactors to forward-looking commitments around small modular reactors, with deployments targeted for the early 2030s. For hyperscalers, nuclear offers abundant, reliable baseload power with low emissions and long-term cost visibility, strengthening the structural case for sustained nuclear and uranium demand growth.
[1] At the United Nations Climate Change Conference (COP) in 2024.
[2] President Trump’s executive orders of May 2025.
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