Worley And 2 Other Australian Uranium Stocks To Own

Global inflation forecasts from the OECD now point to higher price pressures and the prospect of further rate hikes, which keeps energy security in sharp focus for Australian investors. Reliable baseload power becomes more valuable when borrowing costs are rising and fuel markets stay unpredictable. This article unpacks three nuclear energy stocks from the local market that offer different ways to tap into that theme.

The stocks covered below are just a small sample, and the full screen surfaced 23 more nuclear energy companies with equally compelling narratives that are not included in this article. To go deeper into this theme, head straight to the Nuclear Energy Stocks screener to identify, filter, and analyze high-conviction opportunities across the sector.

Worley (ASX:WOR)

Worley is one of the key engineering groups that help design, build, run, and eventually retire nuclear power assets, giving investors exposure to the nuts and bolts of the reactor lifecycle rather than the fuel itself.

Worley provides engineering, project delivery, and asset management across energy, chemicals, and resources, including nuclear power projects. The group generates about A$6.2b from the Americas and A$4.5b from EMEA, with A$1.3b from APAC, and carries an A$4.8b market cap.

"The accelerating global push for decarbonisation and energy transition is expanding Worley's addressable market, as evidenced by 60% of FY25 revenue coming from sustainability-related work (up from 52% in FY24)."

What happens to Worley’s earnings power if a single pressure point on its nuclear project margins moves in the right direction?

If that margin lever matters to you, read the full narrative for Worley to see how earnings, contract mix, and project risk could be quietly decoupling.

Boss Energy (ASX:BOE)

Boss Energy is closely linked to the nuclear energy story through its Honeymoon uranium operation in South Australia, a producing asset focused on nuclear fuel supply, with A$151 million from Australian Uranium Operations and a market value of about A$693 million.

For investors focused on fuel supply rather than reactor construction, Boss Energy provides direct exposure to uranium production through Honeymoon, which anchors its role in this nuclear energy list.

"Record quarterly Honeymoon output of 456,000 pounds of uranium drummed, alongside guidance for 1.6 million pounds in FY26 production, signals a larger volume base that management believes can support higher revenue over time if this operational profile is sustained or improved."

What matters next is how one pressure point deep inside the cost and contract mix shapes the payoff from every additional pound produced.

That inflection point sits at the heart of the full narrative for Boss Energy, where Boss Energy’s volume profile, pricing options, and cost risks stop pulling in the same direction.

Paladin Energy (ASX:PDN)

Paladin Energy gives you direct exposure to uranium mining, with the Langer Heinrich operation in Namibia at the centre of its nuclear fuel story and a growing footprint in Canada that keeps it firmly tied to the Nuclear Energy Stocks theme.

Paladin Energy develops and explores uranium assets, primarily through the Langer Heinrich mine in Namibia, which generated about $304 million, and carries a market value of roughly A$4.6b.

"Paladin already has 22.3 million pounds contracted out to 2030 across 12 offtake agreements, with recent sales realised at US$69.90/lb. The risks deserve honesty: uranium price volatility, ramp-up execution risk, Namibia sovereign risk, and a history of near-collapse during the last uranium downturn."

What happens if one pressure deep inside those long-term contracts shifts and starts to pull cash generation in a different direction?

If that contract pressure point has your attention, the full narrative for Paladin Energy shows how Paladin Energy’s risks and upside potential could be quietly accelerating beneath the surface.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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