$281.26
-29.2% vs S&P 12m
Business overview
Largest carbon-free generator in the US; flagship Microsoft Three Mile Island PPA reframed the nuclear-AI thesis.
Direct revenue uplift from AI hyperscaler PPAs; nuclear PPAs at premium pricing reset the merchant power thesis.
Composite score
Higher = stronger overall research case
Fundamental62
Technical28
Valuation63
AI relevance80
Risk-adjusted (higher = safer)57
Segment-relative fundamental percentile: 58
Synthetic 1Y price action
Deterministic price series; 50d (yellow) and 200d (orange) MAs shown
3M RS: -11.9%6M RS: -28.3%12M RS: -29.2%Vol30d: 52%DD52w: -30.4%
Financial summary
Curated, illustrative
Revenue
$29.87B
Growth (YoY)
63.8%
Gross margin
23.3%
Operating margin
21.9%
FCF
$-4.48B
Capex
$9.03B
Net cash / (debt)
$-21.60B
ROIC
4.2%
Customer conc.
Medium
Valuation
Market cap
$101.59B
Enterprise value
$123.19B
P/E (TTM)
24.5x
Forward P/E
20.7x
EV / Sales
4.1x
EV / EBITDA
15.5x
P / FCF
—
PEG
3.7x
Rule of 40
—
Risks
Severity 1 (low) to 5 (severe)
- 3Power price normalization
- 3Regulatory PPA approval (FERC)
Score components
What drove the composite
Growth99
Profitability68
Cash generation21
Balance sheet51
Moat / AI relevance88
Capital intensity (higher = lighter)25
Customer diversification60
Valuation discipline (dilution)65
Trend (MA50/MA200)5
Momentum (3/6/12m)35
Relative strength45
Realized vol (higher = lower vol)40
Segment peers
Other companies in Power & grid