Wedbush Expands Equity Research Into Advanced Nuclear Energy With Coverage of Six Companies

Wedbush expanded its equity research coverage into advanced nuclear energy on November 10, 2026, with Director of Equity Research Seth Basham initiating coverage of six companies developing next-generation nuclear technologies: X-energy (XE), Oklo (OKLO), Terrestrial Energy (IMSR), NuScale Power (SMR), NANO Nuclear Energy (NNE) and General Fusion (GFUZ). The firm announced the expansion through GlobeNewswire.

Basham's Six-Company Nuclear Coverage

Wedbush said Basham's direct involvement reflects the strategic importance the firm places on advanced nuclear energy as an emerging investment theme. The initiative builds on Wedbush's broader focus on disruptive technologies, according to the firm, and reflects growing interest in next-generation energy solutions as AI infrastructure data centers and other industries drive demand for around-the-clock baseload electricity.

The new coverage spans small modular reactor technologies and emerging fusion energy, with plans to expand research across the broader nuclear ecosystem, including the supply chain. Wedbush will provide institutional investors with research and analysis on the technologies, companies and market dynamics shaping advanced nuclear energy, examining commercialization pathways, industry development and investment considerations across both fission and fusion technologies.

"We believe advanced nuclear energy is entering a potentially transformative period, driven by rising demand for clean, stable electricity from AI data centers and compelling economics," Basham said. "Together, these forces have created what we view as the foundation for a nuclear energy renaissance."

X-energy, one of the six companies now under coverage, received an NRC construction permit with Dow on November 9, 2026, for four Xe-100 reactors at Dow's Seadrift site, according to Stock Titan. That permit covers the first advanced nuclear facility for an industrial site in the U.S.

Wedbush was founded in 1955 and provides multi-asset clearing, prime brokerage, execution, wealth management, asset management and investment banking services to institutional and individual clients worldwide, according to the firm.

X-energy's Indiana Project With AEP and Amazon

AEP, Amazon and X-energy announced a joint development plan on October 19, 2026, for a 960-MW advanced nuclear project in Sullivan County, Indiana, using X-energy's Xe-100 small modular reactors, according to PR Newswire. X-energy's own site describes the Xe-100 as its small modular reactor design.