While Oklo's liquid-metal-cooled small modular reactor (SMR) technology is innovative and addresses AI's growing power demands, the company generates no revenue and is losing money rapidly. BWX Technologies is presented as a better SMR investment alternative, as it has established revenue, profitability, and diversified business operations beyond SMR development.

BWX Technologies (NYSE: BWXT) shares surged in premarket trading after reporting strong Q4 2025 results with adjusted EPS of $1.08 (beating consensus of $0.88) and revenue of $885.8 million (above estimate of $847.5 million). The company's backlog grew 50% year-over-year to $7.3 billion, driven by major contract wins in naval propulsion and commercial nuclear power. For 2026, BWXT guided adjusted EPS of $4.55-$4.70 (above analyst estimates of $4.28) and revenue of $3.75 billion (exceeding consensus of $3.673 billion).

Oklo is rated a sell or hold for 2026 despite impressive technology in small modular reactors (SMRs) and liquid-metal reactors. The company generates no revenue, has a net loss of $29.7 million in Q3 2025, and negative free cash flow of $23 million. Competitors like BWX Technologies, Rolls-Royce, and NuScale have better financial footing and existing revenue streams, making them more compelling investments.

The tech sector faces a severe selloff with software and AI-related stocks leading declines, including Salesforce, Palantir, Adobe, ServiceNow, and Microsoft. Concerns over massive AI capital expenditures and weak economic data have triggered a risk-off sentiment. However, defensive sectors like healthcare, energy, financials, and materials are showing resilience, offering investors stability and value opportunities during market volatility.

BWX Technologies is highlighted as a top nuclear dividend stock for long-term investors. The company benefits from growing energy demand driven by AI and data centers, with the U.S. government committed to tripling nuclear output by mid-century. BWX has a strong track record with 10 years of consistent dividend increases (14.3% CAGR), solid Q3 results showing 29% revenue growth, and leadership in small modular reactor (SMR) technology. Despite a low 0.50% yield, the stock has appreciated 80% over the past 12 months.

NuScale Power (SMR) surged 15.14% to $18.78 on Jan. 5, 2026, driven by renewed interest in nuclear energy and House discussions on nuclear policy. The company's latest reactor design was approved by the Nuclear Regulatory Commission last summer. However, despite being up over 30% in early 2026, NuScale remains down 9% over the past year due to shareholder dilution from doubling authorized capital stock at year-end 2025.

The U.S. Department of Energy awarded $400 million to the Tennessee Valley Authority for developing a small modular nuclear reactor, with BWX Technologies participating in the project at the Clinch River site.

NuScale Power is a small modular reactor (SMR) technology company positioned to potentially enter the nuclear power market, with promising international and domestic projects, but facing significant challenges in regulatory approval and market competition.

Oklo Inc. reported a wider-than-expected quarterly loss but saw stock gains due to promising regulatory approvals and strategic milestones in nuclear energy development, with analysts highlighting potential long-term growth despite current financial challenges.

BWX Technologies is a nuclear engineering company with strong military and commercial nuclear reactor projects, showing impressive growth and potential expansion through Project Janus and government nuclear energy initiatives.

BWX Technologies reported strong Q3 earnings, beating analyst projections and raising guidance, but the stock dropped due to high valuation concerns at 54x current year earnings.

BWX Technologies signed a memorandum of understanding with Rolls-Royce to supply nuclear steam generators for small modular reactors, expanding its nuclear power components business with potential contracts in the Czech Republic.