Jun. 3 at 8:49 PM
Citi sees the most attractive opportunities in the nuclear sector within the upstream supply chain, arguing these companies can benefit regardless of which small modular reactor technologies ultimately succeed. The bank expects SMRs to become a meaningful contributor to U.S. power generation in the early 2030s, though development is likely to remain gradual in the near term as operators avoid the risk of cost overruns associated with new nuclear projects.
Citi noted that agreements between major technology companies and existing nuclear plants remain limited due to political concerns, although capacity expansion efforts and plant restart projects continue to make progress. The firm is also relatively unconcerned about regulatory hurdles tied to NextEra Energy’s recent nuclear acquisition, suggesting additional sites could support future SMR development.
$SMR $NEE