Morgan Stanley Bets on Nuclear Renaissance with $2.2 Trillion Forecast

Morgan Stanley has significantly raised its long-term nuclear energy investment forecast to $2.2 trillion through 2050, up from $1.5 trillion last year. The firm identifies Talen Energy, Public Service Enterprise Group, and Vistra as key beneficiaries of surging AI demand, limited nuclear capacity, and federal support.

"The dual imperatives of decarbonization and energy security are making the nuclear renaissance a truly global investment theme," wrote Morgan Stanley analysts. The pace of nuclear capacity expansion has accelerated since last year, with power generators, uranium miners, and equipment providers standing to gain.

Nuclear-exposed stocks are categorized into three groups, with Morgan Stanley favoring U.S. power generators in the current market cycle. The firm's bullish outlook reflects growing institutional confidence in nuclear energy as a cornerstone of future energy infrastructure.