<p>几十年来，核能一直是电力行业的 “黑羊”，由于高成本和安全隐患使其处于边缘地位。如今，核电正被重新发现为清洁能源转型的 “黄金标准”。</p>
<p>原因很简单：我们比以往任何时候都需要更多的电力。随着人工智能数据中心的巨大电力需求和全球向电动车（EV）的转型，电网面临压力。</p>
<h3>来自 Barchart 的更多新闻</h3>
<ul>
<li>这只核能股票在 2025 年大放异彩。你应该继续购买它吗？</li>
<li>亲爱的 Oklo 股票粉丝，请在日历上标记 1 月 7 日</li>
<li>委内瑞拉刚刚将石油股票推入聚光灯下。这是否意味着 BP 在这里值得购买？</li>
<li>市场变化迅速。通过阅读我们免费的午间 Barchart 简报，获取独家图表、分析和头条新闻，保持跟进。</li>
</ul>
<p>与间歇性的太阳能和风能相比，核能提供 “基载” 电力。它全天候运行，零碳排放，且可靠。在本文中，我已确定三只你可以在 2026 年购买的核能股票，并从 “核能复兴” 中受益。</p>
<h2>ASP Isotopes (ASPI)：高风险，高回报</h2>
<p>如果你在寻找高风险、高回报的机会，ASP Isotopes (ASPI) 应该在你的雷达上。ASPI 专注于 “燃料” 方面，包括浓缩过程。</p>
<p>要理解 ASPI 的重要性，你必须了解铀的化学性质。自然存在的铀主要是 U-238，它不会发生核裂变。要为反应堆提供动力，你需要 U-235。分离这两者的过程称为浓缩，世界上很少有公司能够高效地做到这一点。ASPI 使用一种名为气动分离的专有工艺，这是一种更高效、成本更低的生产专用同位素的方法。</p>
<p>2026 年的重大催化剂是他们对 HALEU（高浓度低丰度铀）的关注。这是下一代小型模块化反应堆（SMRs）所需的特定燃料。目前，HALEU 在全球范围内严重短缺。通过将自己定位为主要供应商，ASPI 正进入一个极具盈利潜力的细分市场。</p>
<p>该公司最近筹集了超过 7200 万美元，以在南非建立一个浓缩设施。它还收购了 Renergen Limited，为其业务增加了氦气生产。这使得 ASP 在扩大其核能业务时拥有更稳定的收入来源。</p>
<p>在 2025 年前九个月，ASP 损失接近 1 亿美元。它在第三季度结束时现金为 1.13 亿美元，这表明 ASPI 需要筹集额外资金来覆盖其运营费用。</p>
<p>两位分析师对 ASPI 股票给予了 “强烈买入” 的推荐。平均股票价格目标为 12 美元，高于当前价格 6.31 美元。</p>
<p><img src="https://imageproxy.pbkrs.com/https://s.yimg.com/ny/api/res/1.2/x_zHC6kYwbhUxZbRYmhaKg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTc4Ng--/https://media.zenfs.com/en/barchart_com_477/2593341291b0f0aa6d4a74404aaaa5dd?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="960" height="786" original-src="https://imageproxy.pbkrs.com/https://s.yimg.com/ny/api/res/1.2/x_zHC6kYwbhUxZbRYmhaKg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTc4Ng--/https://media.zenfs.com/en/barchart_com_477/2593341291b0f0aa6d4a74404aaaa5dd"/></p>
<p>www.barchart.com</p>
<h2>Ur-Energy (URG)：对美国能源独立的押注</h2>
<p>如果 ASPI 是 “科技” 投资，Ur-Energy (URG) 就是 “资源” 投资。近年来，地缘政治紧张局势使美国政府对依赖外国核燃料感到非常紧张。</p>
<p>这导致了对本土铀的巨大推动，而 Ur-Energy 正好处于这一能源独立转型的有利位置。Ur-Energy 在其 Lost Creek 设施使用一种称为原位回收的方法。可以把这种方法想象成用吸管从地下提取矿物，而不是挖一个大洞。这比传统采矿更便宜、设置更快，并且对环境更友好。</p>
<p>目前，Ur-Energy 正在加大生产力度。尽管在 2025 年底面临小规模的维护障碍，但新的 Shirley Basin 项目预计将在 2026 年投入使用，生产能力将翻倍。</p>
<p>在 2025 年初，美国政府发布了旨在到 2050 年将核能产能提高四倍的行政命令。这包括对进口铀的潜在关税，这将使 Ur-Energy 的国内产品更具价值。</p>
<p>目前已有八份长期合同到位，并且有明确的生产增长路径，Ur-Energy 是希望接触核能繁荣原材料的投资者的稳健选择。</p>
<p>在覆盖 Ur-Energy 的七位分析师中，有六位推荐 “强烈买入”，一位推荐 “持有”。平均 URG 股票价格目标为 2.21 美元，高于当前价格 1.64 美元。</p>
<p><img src="https://imageproxy.pbkrs.com/https://s.yimg.com/ny/api/res/1.2/uHDqP.z0WyHLsVREdYT8VQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTgwOA--/https://media.zenfs.com/en/barchart_com_477/f131a6f55d5925adc79507e86c6cd4c4?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="960" height="808" original-src="https://imageproxy.pbkrs.com/https://s.yimg.com/ny/api/res/1.2/uHDqP.z0WyHLsVREdYT8VQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTgwOA--/https://media.zenfs.com/en/barchart_com_477/f131a6f55d5925adc79507e86c6cd4c4"/></p>
<p>www.barchart.com</p>
<h2>Vistra Energy (VST)：人工智能巨头</h2>
<p>最后，我们有 Vistra Energy (VST)，它是美国最大的电力生产商之一。人工智能数据中心需要大量电力，并且需要 “清洁” 电力以满足企业的 ESG 目标，使 Vistra 的核电舰队成为完美的解决方案。</p>
<p>在 2025 年底，该公司在其 Comanche Peak 设施签署了一项为期 20 年的大合同，为单一客户提供 1200 兆瓦的电力。该合同为 Vistra 提供了数十年的稳定收入来源。</p>
<p>随着越来越多的科技巨头争相获取无碳电力，Vistra 坐拥一些最有价值的基础设施。同时，它还向股东回馈了大量现金。自 2021 年底以来，它已回购约 30% 的股份，这转化为稳健的每股收益增长。预计 VST 在 2025 年结束时每股收益为 6.60 美元，高于 2022 年的 1.57 美元。</p>
<p>管理层预计调整后的 EBITDA 将从 2025 年的约 58 亿美元跃升至 2026 年的 76 亿美元。Vistra 结合了公用事业公司的稳定性与人工智能繁荣的高增长潜力。</p>
<p>在覆盖 Vistra Energy 的 19 位分析师中，有 16 位推荐 “强烈买入”，3 位推荐 “持有”。平均 VST 股票价格目标为 243 美元，高于当前价格 155 美元。</p>
<p>“十年交易” 可能就是核能。我们正迈入一个电力需求激增的世界，但碳排放必须下降，而核能是弥补这一差距的解决方案。</p>
<p><img src="https://imageproxy.pbkrs.com/https://s.yimg.com/ny/api/res/1.2/.B5sm.P9VsY474xxqHsl7g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTc5NA--/https://media.zenfs.com/en/barchart_com_477/c4a86cd54c9f1531d07b73e9ae99f10c?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="960" height="794" original-src="https://imageproxy.pbkrs.com/https://s.yimg.com/ny/api/res/1.2/.B5sm.P9VsY474xxqHsl7g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTc5NA--/https://media.zenfs.com/en/barchart_com_477/c4a86cd54c9f1531d07b73e9ae99f10c"/></p>
<p>www.barchart.com</p>
<p><em>在发表日期，Aditya Raghunath 并未直接或间接持有本文提到的任何证券。本文中的所有信息和数据仅供参考。本文最初发表于 Barchart.com</em></p>

ASPI

<p>Vistra 和另外两只核能股票被认为是 2026 年的最佳投资选择，因为全球正向清洁能源转型。核能因其可靠性和零碳排放而受到越来越多的认可，尤其是在电力需求不断增加的情况下。推荐的三只股票包括专注于铀浓缩的 ASP Isotopes (ASPI)、致力于美国能源独立的 Ur-Energy (URG)，以及受益于人工智能数据中心需求的主要电力生产商 Vistra Energy (VST)。分析师对 ASPI 和 URG 推荐强烈买入，而 Vistra 则已获得长期电力合同</p>

<p>For decades, nuclear energy was the “black sheep” of the power sector as high costs and safety concerns kept it on the sidelines. Today, nuclear power is being rediscovered as the “gold standard” for the clean energy transition.</p>
<div class="lb-trans"><p>几十年来，核能一直是电力行业的 “黑羊”，由于高成本和安全隐患使其处于边缘地位。如今，核电正被重新发现为清洁能源转型的 “黄金标准”。</p>
</div><p>The reason is simple: we need more electricity than ever before. Between the massive power requirements of AI data centers and the global shift toward electric vehicles (EVs), the grid is under pressure.</p>
<div class="lb-trans"><p>原因很简单：我们比以往任何时候都需要更多的电力。随着人工智能数据中心的巨大电力需求和全球向电动车（EV）的转型，电网面临压力。</p>
</div><h3>More News from Barchart</h3>
<div class="lb-trans"><h3>来自 Barchart 的更多新闻</h3>
</div><ul>
<li>This Nuclear Energy Stock Stole the Show in 2025. Should You Keep Buying It for 2026?</li>
<li>Dear Oklo Stock Fans, Mark Your Calendars for January 7</li>
<li>Venezuela Just Thrust Oil Stocks Into the Spotlight. Does That Make BP a Buy Here?</li>
<li>Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines.</li>
</ul>
<div class="lb-trans"><ul>
<li>这只核能股票在 2025 年大放异彩。你应该继续购买它吗？</li>
<li>亲爱的 Oklo 股票粉丝，请在日历上标记 1 月 7 日</li>
<li>委内瑞拉刚刚将石油股票推入聚光灯下。这是否意味着 BP 在这里值得购买？</li>
<li>市场变化迅速。通过阅读我们免费的午间 Barchart 简报，获取独家图表、分析和头条新闻，保持跟进。</li>
</ul>
</div><p>Compared to solar and wind energy, which are intermittent, nuclear energy provides “baseload” power. It runs 24/7, emits zero carbon, and is reliable. In this article, I have identified three nuclear energy stocks you can buy in 2026 and benefit from the “nuclear renaissance.”</p>
<div class="lb-trans"><p>与间歇性的太阳能和风能相比，核能提供 “基载” 电力。它全天候运行，零碳排放，且可靠。在本文中，我已确定三只你可以在 2026 年购买的核能股票，并从 “核能复兴” 中受益。</p>
</div><h2>ASP Isotopes (ASPI): High-Risk, High-Reward</h2>
<div class="lb-trans"><h2>ASP Isotopes (ASPI)：高风险，高回报</h2>
</div><p>If you’re looking for a high-risk, high-reward opportunity, ASP Isotopes (ASPI) should be on your radar. ASPI focuses on the “fuel” side of the equation, which includes the enrichment process.</p>
<div class="lb-trans"><p>如果你在寻找高风险、高回报的机会，ASP Isotopes (ASPI) 应该在你的雷达上。ASPI 专注于 “燃料” 方面，包括浓缩过程。</p>
</div><p>To understand why ASPI is important, you have to look at the chemistry of uranium. Naturally occurring uranium is mostly U-238, which doesn't undergo nuclear fission. To power a reactor, you require U-235. The process of separating these is called enrichment, and very few companies in the world can do it efficiently. ASPI uses a proprietary process called Aerodynamic Separation, which is a more efficient and cost-effective method for producing specialized isotopes.</p>
<div class="lb-trans"><p>要理解 ASPI 的重要性，你必须了解铀的化学性质。自然存在的铀主要是 U-238，它不会发生核裂变。要为反应堆提供动力，你需要 U-235。分离这两者的过程称为浓缩，世界上很少有公司能够高效地做到这一点。ASPI 使用一种名为气动分离的专有工艺，这是一种更高效、成本更低的生产专用同位素的方法。</p>
</div><p>The big catalyst for 2026 is their focus on HALEU (High-Assay Low-Enriched Uranium). This is the specific fuel required for next-generation small modular reactors (SMRs). Currently, there is a massive global shortage of HALEU. By positioning itself as a primary supplier, ASPI is entering a highly lucrative niche.</p>
<div class="lb-trans"><p>2026 年的重大催化剂是他们对 HALEU（高浓度低丰度铀）的关注。这是下一代小型模块化反应堆（SMRs）所需的特定燃料。目前，HALEU 在全球范围内严重短缺。通过将自己定位为主要供应商，ASPI 正进入一个极具盈利潜力的细分市场。</p>
</div><p>The company recently raised over $72 million to build an enrichment facility in South Africa. It also acquired Renergen Limited, which adds helium production to its business. This gives ASP a more stable revenue stream as it scales up its nuclear business.</p>
<div class="lb-trans"><p>该公司最近筹集了超过 7200 万美元，以在南非建立一个浓缩设施。它还收购了 Renergen Limited，为其业务增加了氦气生产。这使得 ASP 在扩大其核能业务时拥有更稳定的收入来源。</p>
</div><p>In the first nine months of 2025, ASP lost close to $100 million. It ended Q3 with $113 million in cash, suggesting ASPI will need to raise additional capital to cover its operating expenses.</p>
<div class="lb-trans"><p>在 2025 年前九个月，ASP 损失接近 1 亿美元。它在第三季度结束时现金为 1.13 亿美元，这表明 ASPI 需要筹集额外资金来覆盖其运营费用。</p>
</div><p>Two analysts covering ASPI stock have a “Strong Buy” recommendation. The mean stock price target is $12, above the current price of $6.31.</p>
<div class="lb-trans"><p>两位分析师对 ASPI 股票给予了 “强烈买入” 的推荐。平均股票价格目标为 12 美元，高于当前价格 6.31 美元。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://s.yimg.com/ny/api/res/1.2/x_zHC6kYwbhUxZbRYmhaKg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTc4Ng--/https://media.zenfs.com/en/barchart_com_477/2593341291b0f0aa6d4a74404aaaa5dd" alt="" original-src="https://s.yimg.com/ny/api/res/1.2/x_zHC6kYwbhUxZbRYmhaKg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTc4Ng--/https://media.zenfs.com/en/barchart_com_477/2593341291b0f0aa6d4a74404aaaa5dd"/></p>
<p>www.barchart.com</p>
<div class="lb-trans"><p>www.barchart.com</p>
</div><h2>Ur-Energy (URG): A Bet on American Energy Independence</h2>
<div class="lb-trans"><h2>Ur-Energy (URG)：对美国能源独立的押注</h2>
</div><p>If ASPI is the “tech” play, Ur-Energy (URG) is the “resource” play. In recent years, geopolitical tensions have made the U.S. government very nervous about relying on foreign countries for nuclear fuel.</p>
<div class="lb-trans"><p>如果 ASPI 是 “科技” 投资，Ur-Energy (URG) 就是 “资源” 投资。近年来，地缘政治紧张局势使美国政府对依赖外国核燃料感到非常紧张。</p>
</div><p>This has led to a massive push for homegrown uranium, and Ur-Energy is perfectly positioned to benefit from this shift toward energy independence. Ur-Energy uses a method called in-situ recovery at its Lost Creek facility. Think of the method like using a straw to pull minerals out of the ground rather than digging a massive hole. It’s cheaper, faster to set up, and much better for the environment than traditional mining.</p>
<div class="lb-trans"><p>这导致了对本土铀的巨大推动，而 Ur-Energy 正好处于这一能源独立转型的有利位置。Ur-Energy 在其 Lost Creek 设施使用一种称为原位回收的方法。可以把这种方法想象成用吸管从地下提取矿物，而不是挖一个大洞。这比传统采矿更便宜、设置更快，并且对环境更友好。</p>
</div><p>Currently, Ur-Energy is ramping up production. Although it faced minor maintenance hurdles in late 2025, the new Shirley Basin project is expected to go live in 2026, doubling production capacity.</p>
<div class="lb-trans"><p>目前，Ur-Energy 正在加大生产力度。尽管在 2025 年底面临小规模的维护障碍，但新的 Shirley Basin 项目预计将在 2026 年投入使用，生产能力将翻倍。</p>
</div><p>In early 2025, the U.S. government issued executive orders aimed at quadrupling nuclear capacity by 2050. This includes potential tariffs on imported uranium, which would make Ur-Energy’s domestic product even more valuable.</p>
<div class="lb-trans"><p>在 2025 年初，美国政府发布了旨在到 2050 年将核能产能提高四倍的行政命令。这包括对进口铀的潜在关税，这将使 Ur-Energy 的国内产品更具价值。</p>
</div><p>With eight long-term contracts already in place and a clear path to increasing production, Ur-Energy is a solid choice for investors who want exposure to the raw materials side of the nuclear boom.</p>
<div class="lb-trans"><p>目前已有八份长期合同到位，并且有明确的生产增长路径，Ur-Energy 是希望接触核能繁荣原材料的投资者的稳健选择。</p>
</div><p>Out of the seven analysts covering Ur-Energy, six recommend “Strong Buy,” and one recommends “Hold.” The average URG stock price target is $2.21, above the current price of $1.64.</p>
<div class="lb-trans"><p>在覆盖 Ur-Energy 的七位分析师中，有六位推荐 “强烈买入”，一位推荐 “持有”。平均 URG 股票价格目标为 2.21 美元，高于当前价格 1.64 美元。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://s.yimg.com/ny/api/res/1.2/uHDqP.z0WyHLsVREdYT8VQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTgwOA--/https://media.zenfs.com/en/barchart_com_477/f131a6f55d5925adc79507e86c6cd4c4" alt="" original-src="https://s.yimg.com/ny/api/res/1.2/uHDqP.z0WyHLsVREdYT8VQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTgwOA--/https://media.zenfs.com/en/barchart_com_477/f131a6f55d5925adc79507e86c6cd4c4"/></p>
<p>www.barchart.com</p>
<div class="lb-trans"><p>www.barchart.com</p>
</div><h2>Vistra Energy (VST): The AI Powerhouse</h2>
<div class="lb-trans"><h2>Vistra Energy (VST)：人工智能巨头</h2>
</div><p>Finally, we have Vistra Energy (VST), which is among the largest power producers in the U.S. AI data centers require an incredible amount of electricity and need it to be “clean” to meet corporate ESG goals, making Vistra’s nuclear fleet the perfect solution.</p>
<div class="lb-trans"><p>最后，我们有 Vistra Energy (VST)，它是美国最大的电力生产商之一。人工智能数据中心需要大量电力，并且需要 “清洁” 电力以满足企业的 ESG 目标，使 Vistra 的核电舰队成为完美的解决方案。</p>
</div><p>In late 2025, the company signed a massive 20-year deal at its Comanche Peak facility to provide 1,200 megawatts of power to a single customer. The contract provides Vistra with a stable revenue stream for decades.</p>
<div class="lb-trans"><p>在 2025 年底，该公司在其 Comanche Peak 设施签署了一项为期 20 年的大合同，为单一客户提供 1200 兆瓦的电力。该合同为 Vistra 提供了数十年的稳定收入来源。</p>
</div><p>As more tech giants scramble for carbon-free power, Vistra sits on some of the most valuable infrastructure. Meanwhile, it is also returning massive amounts of cash to shareholders. Since late 2021, it has bought back about 30% of its shares, which has translated to solid EPS growth. VST is forecast to end 2025 with an EPS of $6.60 per share, up from $1.57 per share in 2022.</p>
<div class="lb-trans"><p>随着越来越多的科技巨头争相获取无碳电力，Vistra 坐拥一些最有价值的基础设施。同时，它还向股东回馈了大量现金。自 2021 年底以来，它已回购约 30% 的股份，这转化为稳健的每股收益增长。预计 VST 在 2025 年结束时每股收益为 6.60 美元，高于 2022 年的 1.57 美元。</p>
</div><p>Management expects adjusted EBITDA to jump from around $5.8 billion in 2025 to $7.6 billion in 2026. Vistra offers the stability of a utility company and combines it with the high-growth potential of the AI boom.</p>
<div class="lb-trans"><p>管理层预计调整后的 EBITDA 将从 2025 年的约 58 亿美元跃升至 2026 年的 76 亿美元。Vistra 结合了公用事业公司的稳定性与人工智能繁荣的高增长潜力。</p>
</div><p>Out of the 19 analysts covering Vistra Energy, 16 recommend “Strong Buy,” and three recommend “Hold.” The average VST stock price target is $243, above the current price of $155.</p>
<div class="lb-trans"><p>在覆盖 Vistra Energy 的 19 位分析师中，有 16 位推荐 “强烈买入”，3 位推荐 “持有”。平均 VST 股票价格目标为 243 美元，高于当前价格 155 美元。</p>
</div><p>The &#34;Trade of the Decade&#34; might just be nuclear energy. We are moving into a world where electricity demand is skyrocketing, but carbon emissions must go down, and nuclear energy is a solution that bridges that gap.</p>
<div class="lb-trans"><p>“十年交易” 可能就是核能。我们正迈入一个电力需求激增的世界，但碳排放必须下降，而核能是弥补这一差距的解决方案。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://s.yimg.com/ny/api/res/1.2/.B5sm.P9VsY474xxqHsl7g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTc5NA--/https://media.zenfs.com/en/barchart_com_477/c4a86cd54c9f1531d07b73e9ae99f10c" alt="" original-src="https://s.yimg.com/ny/api/res/1.2/.B5sm.P9VsY474xxqHsl7g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTc5NA--/https://media.zenfs.com/en/barchart_com_477/c4a86cd54c9f1531d07b73e9ae99f10c"/></p>
<p>www.barchart.com</p>
<div class="lb-trans"><p>www.barchart.com</p>
</div><p><em>On the date of publication, Aditya Raghunath did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com</em></p>
<div class="lb-trans"><p><em>在发表日期，Aditya Raghunath 并未直接或间接持有本文提到的任何证券。本文中的所有信息和数据仅供参考。本文最初发表于 Barchart.com</em></p>
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2026 年最值得购买的三只核能股票