Every data center built for AI needs electricity that doesn't exist yet. R2A tracks 33 names across nuclear, grid equipment, storage, transmission, and the materials feeding it all. The unsexy infrastructure that has to scale before anything else does.
Power demand grew about 1% a year in the US for a decade. It's now forecast to grow 3–4% per year for a decade. The difference is data centers — but it's not just data centers. Electrification of transport and heating compounds the same direction. The grid was sized for a different demand curve, and the new curve doesn't fit. That creates structural demand for everything that makes the grid bigger.
R2A's variant view: the biggest beneficiaries aren't the renewable pure-plays — they're the unfashionable compounders that own bottleneck assets. Constellation runs the existing nuclear fleet. GE Vernova builds the grid equipment. Quanta lays the transmission. Eaton, Vertiv, and Powell make the gear that gets power from substation to server. Nuclear gets the headlines and Oklo / SMR / X-Energy are real options, but the near-term cash flows are at the established players. Storage (Eos, Fluence) is a real but volatile sub-theme.
Every name R2A tracks in Energy Transformation. Click any column header to sort.
| Ticker | Company | Call | Conviction | Last | R2A FV | Moon |
|---|---|---|---|---|---|---|
| CECO | CECO Environmental Industrial Infrastructure | Buy | ●●● High | $86.53 | $103.30 | — |
| CEG | Constellation Energy Nuclear Fleet | Buy | ●●● High | $323.74 | $380.00 | — |
| EOSE | Eos Energy Grid-Scale Storage | Buy | ●●● High | $6.23 | $17.55 | — |
| GEV | GE Vernova Grid Equipment / Wind | Buy | ●●● High | $1,104.20 | $1,300.00 | — |
| MP | MP Materials Rare Earth Mining | Buy | ●●● High | $68.21 | $99.05 | $180 |
| OKLO | Oklo Advanced Fission / SMR | Buy | ●●● High | $66.72 | $118.00 | — |
| BWXT | BWX Technologies Nuclear Technology | Buy | ●●● Medium | $210.52 | $280.00 | — |
| FLNC | Fluence Energy Grid-Scale Storage | Buy | ●●● Medium | $12.46 | $19.19 | — |
| FSLR | First Solar Utility-Scale Solar (CdTe) | Buy | ●●● Medium | $211.71 | $230.00 | — |
| VST | Vistra Energy Nuclear + Natural Gas | Buy | ●●● Medium | $161.84 | $200.00 | — |
| XE | X-Energy SMR / Advanced Nuclear | Buy | ●●● Medium | $27.95 | $39.60 | — |
| PWR | Quanta Services Grid Infrastructure | Hold | ●●● High | $742.01 | $655.00 | — |
| ALB | Albemarle Lithium | Hold | ●●● Medium | $193.84 | $180.00 | — |
| CCJ | Cameco Uranium Mining | Hold | ●●● Medium | $120.58 | $130.00 | — |
| COP | ConocoPhillips E&P / Oil & Gas | Hold | ●●● Medium | $123.19 | $128.00 | — |
| ETN | Eaton Power Management | Hold | ●●● Medium | $425.43 | $415.00 | — |
| FCX | Freeport-McMoRan Copper Mining | Hold | ●●● Medium | $56.56 | $65.00 | — |
| LEU | Centrus Energy Uranium Enrichment | Hold | ●●● Medium | $206.58 | $240.00 | — |
| NEE | NextEra Energy Utility / Renewables | Hold | ●●● Medium | $96.99 | $105.00 | — |
| SMR | NuScale Power Small Modular Reactors | Hold | ●●● Medium | $12.13 | $33.00 | — |
| TLN | Talen Energy Nuclear Generation / AI Power | Hold | ●●● Medium | $372.16 | $360.00 | $700 |
| BE | Bloom Energy Solid Oxide Fuel Cells | Hold | ●●● Low | $290.36 | $190.00 | — |
| BLDP | Ballard Power Fuel Cell Mobility | Hold | ●●● Low | $3.39 | $3.00 | — |
| CHPT | ChargePoint EV Charging | Hold | ●●● Low | $6.40 | $8.00 | — |
| DQ | Daqo New Energy Polysilicon | Hold | ●●● Low | $19.15 | $22.00 | — |
| ENPH | Enphase Energy Microinverters / DER | Hold | ●●● Low | $33.85 | $38.00 | — |
| NXE | NexGen Energy Uranium Development | Hold | ●●● Low | $12.39 | $15.00 | — |
| PLUG | Plug Power Green Hydrogen | Hold | ●●● Low | $3.11 | $4.00 | — |
| RUN | Sunrun Residential Solar + Storage | Hold | ●●● Low | $13.06 | $13.00 | — |
| SEDG | SolarEdge Solar Inverters | Hold | ●●● Low | $42.91 | $48.00 | — |
| STEM | Stem AI Energy Optimization | Hold | ●●● Low | $10.77 | $16.00 | — |
| Blue Energy | Blue Energy SMR / Factory-built Nuclear | Watch | ●●● High | — | — | — |
| NRG | NRG Energy Merchant Power / Gas | Watch | — | — | — | — |