Summary: Nuclear fusion is the future of energy with the prospect of generating abundant power without greenhouse gas emissions or radioactive waste. Although it is still far from being a viable power source, nuclear fusion represents an excellent investment opportunity for early investors hoping for substantial future returns. This guide will showcase the best nuclear fusion stocks and explain how to buy them using a regulated brokerage like eToro.
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What are nuclear fusion stocks?
Nuclear fusion has been the pinnacle of energy for decades, with near-limitless supply and virtually no downsides associated with burning fossil fuels and the current atomic energy (achieved via nuclear fission). A clean alternative that is incomparably more efficient than anything we use today, nuclear fusion would propel all branches of industry and greatly benefit humankind as a whole.
Nuclear fusion is still in its very early phase of development. However, in December 2022, scientists made more energy from a nuclear fusion reaction than they had used to create it for the first time. Subsequently, several blue-chip companies invested billions in startups dedicated to nuclear fusion, expecting significant returns once this superior energy source becomes a reality.
Many growth investors also buy nuclear fusion stocks because of the potential for lucrative returns. If the projects took off, the gain on the principal would be enormous.
5 best nuclear fusion stocks
Several companies have invested in nuclear fusion research and development, some expecting to deliver results as soon as in the 2030s. Our selection of the best nuclear fusion stocks is:
- Chevron (NYSE: CVX);
- Alphabet (Nasdaq: GOOGL);
- Cenovus Energy (TSX: CVE);
- Albemarle (NYSE: ALB);
- Eni (NYSE: E).
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1. Chevron (CVX)
Chevron Corporation (NYSE: CVX) is a leading multinational energy corporation focusing on oil and natural gas exploration, production, and refining. With a significant global presence, the company engages in upstream and downstream activities. It is one of the largest companies in the world and the second-largest oil company based in the U.S. by revenue.
Although primarily associated with fossil fuels, Chevron has a diverse portfolio, including multiple ventures in renewable energies. In 2022, the company participated in the $250 million investment in TAE Technologies, a company developing aneutronic fusion power. Furthermore, it invested an undisclosed amount in Zap Energy, also a nuclear fusion energy company.
Chevron is a component of the DJIA, S&P 100, and S&P 500 indices.
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2. Alphabet (GOOGL)
Alphabet Inc. (Nasdaq: GOOGL) is a globally recognized conglomerate holding company, the world’s third-largest technology company, and one of the world’s most valuable businesses. As one of the Big Five American IT companies, it owns Google and other subsidiaries in domains ranging from biotechnology and autonomous vehicles to artificial intelligence and medical drugs.
Alongside Chevron, Alphabet also contributed to the $250 million investment pool in TAE Technologies in 2022, but their collaboration goes as far back as 2014 when the companies partnered to apply machine learning to develop an algorithm to model plasma and further the fusion research.
Alphabet stock is an integral part of the Nasdaq-100, S&P 100, and S&P 500 indices.
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3. Cenovus Energy (CVE)
Cenovus Energy Inc. (TSX: CVE) is an integrated Canadian energy company operating in the oil sands and conventional oil and natural gas sectors in the U.S., Canada, and Asia Pacific. Cenovus Energy is vital in the Canadian energy landscape, relying on sustainable practices with innovative technologies that minimize environmental impact.
The company began diversifying its portfolio with nuclear fusion projects in 2014 when it invested in General Fusion, a Canadian nuclear fusion technology firm. General Fusion announced a magnetized target fusion machine to be up and running by 2025.
CVE, Cenovus stock, is also an S&P/TSX 60 component.
CVE stock price today
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4. Albemarle (ALB)
Albemarle Corporation (NYSE: ALB) is a leading specialty chemicals company with a significant output of lithium, bromine, and other specialty chemicals. It is the world’s largest lithium company by market cap and is indispensable in providing lithium for electric car batteries and renewable energy storage.
Additionally, lithium is a critical element in the nuclear fusion process, and any commercial-scale nuclear fusion energy system would require significant quantities of it. Tritium, a lithium isotope, is a fundamental ingredient in the deuterium-tritium fusion process. So, while only being a nuclear fusion stock indirectly, Albemarle would stand to benefit significantly from a nuclear fusion commercial breakthrough.
Albemarle’s stock, ALB, is a component of the S&P 500 index.
ALB stock price today
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5. Eni (E)
Eni S.p.A. (NYSE: E; BIT: ENI) is an Italian energy company operating in the oil, natural gas, and renewable energy sectors. A prominent factor in the global energy landscape, Eni primarily engages in the exploration, production, and refining of hydrocarbons. However, similar to other prominent energy companies, it has diversified with new renewable energy projects and nuclear power generation.
Nuclear fusion technology is crucial to Eni’s goal of reaching carbon neutrality by 2050. In 2018, the company obtained an ownership stake in Commonwealth Fusion Systems, a spin-out of the MIT Fusion project. Furthermore, Eni reaffirmed its status as a nuclear fusion stock by announcing a new cooperative agreement with the CFS with the goal of faster industrialization of fusion energy by the 2030s.
Eni is a component of the FTSE MIB index.
E stock price today
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Where to buy nuclear fusion stocks
You can easily invest in potential nuclear fusion stocks in a few simple steps and within minutes. Our recommended choice for this is an investing service called eToro. Enjoying widespread popularity with over 30 million registered accounts, it stands out for its robust features, including:
- Commission-free stock and ETF trading;
- 2,000+ stocks from 17 exchanges;
- Fractional shares available;
- Charting tools;
- User-friendly platform.
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Pros and cons of buying nuclear fusion stocks
Pros
- Efficiency: Fusion reactions produce far more energy than their input, offering the nuclear fusion companies future potential for highly efficient energy generation;
- Clean energy: Nuclear fusion can provide a near-infinite, clean energy source with minimal environmental impact compared to oil, gas, and other traditional fuels. It emits zero greenhouse gases or long-lived radioactive waste;
- Abundant fuel supply: Fusion feeds on isotopes of hydrogen, such as deuterium and tritium, which are plentiful and can be extracted from water and lithium, ensuring a cheap and virtually limitless supply;
- Long-term Investment: Investing in nuclear fusion stocks can be seen as a long-term investment in the future of energy, potentially providing significant returns if the technology becomes commercially viable.
Cons
- Technological hurdles: Nuclear fusion has yet to achieve sustained energy production at a commercially viable scale, as achieving and sustaining the conditions necessary for fusion reactions remains prohibitively challenging;
- Regulatory challenges: Nuclear technologies remain subject to strict regulatory requirements and safety standards. Navigating the regulations can be time-consuming and expensive for nuclear fusion companies;
- High costs: Developing fusion technology requires huge research, development, and infrastructure investments. The costs of building and operating fusion reactors are currently very high and would need to decrease to a competitive level to become viable;
- Market uncertainty: The commercial viability of nuclear fusion is still uncertain, and there is competition from other forms of clean energy, such as solar and wind power. Market dynamics, government policies, and public perception can all impact the future demand for fusion energy.
Common mistakes to avoid when investing in nuclear fusion stocks
Make sure to avoid these common investing mistakes:
- Lack of research: Research these state of nuclear fusion research and development, as well as the general trends in the energy sector, before investing;
- Lack of strategy: Set your goals before you spend any money;
- Staking everything on one asset: Always diversify your portfolio;
- Falling prey to scams: Avoid illegal platforms and suspicious deals;
- Fear of missing out: If the numbers do not add up, do not make the investment: it is better to miss out than lose money.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about nuclear fusion stocks
What are nuclear fusion stocks?
Nuclear fusion stocks are shares in companies that invest in developing nuclear fusion solutions for viable power generation.
Do nuclear fusion stocks pay dividends?
Some nuclear fusion stocks that pay dividends include Chevron (div. yield 4.20% as of July 2024), Cenovus Energy (div. yield 2.69% as of July 2024), Albemarle (div. yield 1.65% as of July 2024), and Eni (div. yield 6.70% as of July 2024).
Can I invest in nuclear fusion?
Although nuclear fusion is not a viable commercial activity yet, several prominent companies have invested in fusion energy start-ups and technology companies. Investing in these blue-chip companies can give you indirect access to the potential nuclear fusion market before anyone else.
Is nuclear fusion renewable or nonrenewable?
Although the debate about whether conventional nuclear energy can be considered renewable is ongoing, nuclear fusion should be renewable since it does not leave any long-term radioactive pollutants.
What are some nuclear fusion companies on stock market?
As of July 2024, there are no public nuclear fusion companies. However, you can still gain exposure to the nuclear fusion market by investing in their parent companies and significant supporters, such as Chevron, Alphabet, Cenovus Energy, Albemarle, and Eni.
How do I invest in nuclear fusion stocks?
You can invest in nuclear fusion stocks just like in any publicly traded company; you must register an account with a regulated online brokerage like eToro, transfer some funds, and buy the shares.
What are the best nuclear fusion stocks?
Finbold’s selection of best nuclear fusion stocks to invest in right now includes Chevron (CVX), Alphabet (GOOGL), Cenovus Energy (CVE), Albemarle(ALB), and Eni (E).
Is fusion worth investing in?
Investing in fusion energy is seen as speculative but potentially revolutionary, offering a clean, virtually limitless power source if technological hurdles can be overcome. The sector is in early development stages, with significant research and investment from both public and private sectors aiming to make fusion commercially viable. While high-risk, successful development could yield substantial returns, making it an intriguing long-term investment opportunity for those willing to tolerate uncertainty and wait for possible future advancements.
What billionaires are investing in nuclear fusion?
Tech billionaires like Jeff Bezos, Bill Gates, and Richard Branson are significantly investing in nuclear fusion research. They’re funding companies like General Fusion Inc. and TAE Technologies, aiming to develop the first commercially-viable nuclear fusion reactor.
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