nuclearbottlenecks

Catalyst calendar

The repricing schedule is mostly public if you actually look at it.

AllI · Enrichment & HALEUII · Uranium conversion & deconversionIII · Uranium supply & miningIV · Fuel fabrication & TRISOV · Large forgings & heavy componentsVI · Zirconium & specialty metalsVII · SMR & advanced reactor platformsVIII · Restarts, uprates & nuclear utilitiesIX · Instrumentation, controls & outage servicesX · Private giants & exposure vehicles

July 2026

  • 29mediumEarningsNEENextEra Energy Q2 2026 earningsThe print is the venue for any update on the Duane Arnold restart timeline and NRC progress that underpins its restart optionality.
  • 30mediumEarningsMIRMirion Q2 2026 earningsFirst read on nuclear-power backlog conversion after Paragon/Certrec integration and the April $35M SMR order — the cleanest pure-play print on detection/dosimetry/I&C demand.
  • 30mediumEarningsCEGConstellation Energy Q2 2026 earningsUpdates on Crane restart spend/schedule, Clinton uprate progress and PTC-floored fleet economics drive the restart-and-uprate reprice.
  • 30mediumEarningsATIATI Q2 2026 earningsFirst full quarter to reflect the repriced 5-year Cameco zirconium/hafnium agreement, testing whether chokepoint pricing power flows into AA&S margins.
  • 31mediumEarningsCCJCameco Q2 2026 resultsCameco's fuel-services segment publishes the cleanest public read on Western UF6 conversion spot and long-term prices and Port Hope production progress.
  • 31mediumEarningsCCJCameco Q2 2026 earnings — Westinghouse equity contributionCameco's quarterly Westinghouse adjusted-EBITDA line is the cleanest public mark on the AP1000 owner; Q1 came in at $122M and the trajectory drives the CCJ-as-Westinghouse-proxy thesis.
  • 31mediumEarningsCCJCameco Q2 2026 results before market openUpdates the contract book (~230 Mlb), 2026 production guidance, and Westinghouse equity earnings — the cash-flow and term-market read on the producer that anchors this chokepoint.
  • 31mediumEarningsCCJCameco Q2 2026 earningsUpdates the Westinghouse EBITDA contribution that houses ZIRLO cladding and Western Zirconium, the second US zirconium-metal plant.

August 2026

  • 03mediumEarningsBWXTBWX Technologies Q2 2026 resultsReads any HALEU deconversion task-order activity at Nuclear Fuel Services, the strongest balance sheet on the deconversion bench of this chokepoint.
  • 03mediumEarningsBWXTBWXT Q2 2026 earningsUpdates on the Precision Components Group acquisition close, BWRX-300 RPV progress and commercial backlog gauge how fast BWXT is converting the heavy-component order book.
  • 03mediumEarningsBWXTBWX Technologies Q2 2026 earningsTests whether commercial-nuclear field-services and components backlog (Kinectrics-driven, $1.7B) keeps compounding off outage and life-extension timing.
  • 04mediumEarningsLEUCentrus Energy Q2 2026 earningsFirst print after the Nov 2025 $900M DOE task order and Dec 2025 centrifuge-manufacturing launch; watch domestic-enrichment capex pace and HALEU/LEU backlog mix, the heart of the chokepoint thesis.
  • 04mediumEarningsBWXTBWXT Q2 2026 earningsUpdates on TRISO ramp at Lynchburg, naval fuel backlog and microreactor fuel volumes are the cleanest read on the only fabricator with real fuel revenue.
  • 05mediumEarningsCWCurtiss-Wright Q2 2026 earnings (after close)The print is the most likely venue for confirmation or further deferral of the anticipated AP1000 reactor-coolant-pump order that is excluded from 2026 guidance.
  • 05mediumEarningsCWCurtiss-Wright Q2 2026 earningsWatch for any AP1000 reactor-coolant-pump order (excluded from 2026 guidance) and for Ultra Energy nuclear-instrumentation pull-through as SMR designs move from design to prototype.
  • 06mediumEarningsLEUCentrus Energy (LEU) Q2 2026 earningsProgress on the negotiated $900M Piketon HALEU task order and HALEU output gates feedstock supply for every downstream advanced-fuel fabrication line.
  • 06mediumEarningsXEX-Energy Q2 2026 earnings — first full quarter as a public companyAs the first SMR-fuel developer freshly listed, XE's revenue-and-grant cadence (Q1 was ~$43M) tests whether the post-IPO narrative is backed by an executing orderbook or remains pre-deployment.
  • 06mediumEarningsTLNTalen Energy Q2 2026 earningsFirst print after the Spring 2026 Susquehanna outage and front-of-the-meter transition tied to the 1,920 MW Amazon PPA ramp.
  • 10mediumEarningsOKLOOklo Q2 2026 resultsCash burn, share count and any update on Aurora-INL licensing/pilot criticality timing will reprice the deepest-funded pre-revenue SMR developer.
  • 12mediumEarningsSMRNuScale Power Q2 2026 resultsAfter a $565K Q1 revenue miss, the print tests whether NuScale's NRC-approved designs and Romania FID convert into recognizable orderbook progress.
  • 13mediumEarningsXEX-Energy (XE) Q2 2026 earningsFirst full quarter as a public company; the TF3 TRISO plant construction percentage and any shift in the first-half-2028 operations target reprice the leading commercial TRISO license.

September 2026

  • 30highPolicyNRC final Environmental Impact Statement for GLE's Paducah Laser Enrichment FacilityCompleting the EIS (NRC-targeted Sept 2026) is a gating regulatory step toward licensing the only Western laser-enrichment plant, de-risking the longer-dated disruption of the SWU chokepoint for Silex and Cameco.
  • 30highPolicyUSGS Critical Minerals List / zirconium supply-chain reassessment cycleZirconium's treatment on the USGS Critical Minerals List shapes federal supply-chain support for domestic nuclear-grade zirconium; the timing is not a confirmed dated event (placeholder).
  • 02mediumEarningsSOLSSolstice Advanced Materials Q2 2026 resultsFirst read on Metropolis Works 2026 UF6 ramp toward >10,000 tU, the $2B backlog, and any Metropolis 2.0 expansion decision from the only US converter.
  • 09lowConferenceWorld Nuclear Symposium 2026, London (Sept 9-11)The premier fuel-cycle forum where conversion supply-demand and the ConverDyn / Metropolis 2.0 and UEC UR&C capacity-build narratives get updated to the market.
  • 09lowConferenceWorld Nuclear Symposium 2026 (London, Sep 9-11)The industry's main venue for HALEU, TRISO and metallic-fuel supply commitments, where fabricators and SMR developers signal whether offtakes are firming or slipping.

November 2026

  • 02mediumEarningsBWXTBWXT Q3 2026 earningsLikely first quarter reflecting the closed Precision Components Group deal, showing whether the added US heavy-manufacturing footprint is already pulling in nuclear component orders.
  • 15mediumEarningsNNENANO Nuclear Q4 FY2026 results (fiscal year-end update)Updates the cash runway and KRONOS construction-permit review progress for the earliest listed microreactor developer carrying an active NRC docket.

December 2026

  • 31highPolicyBulgaria Kozloduy Units 7-8 AP1000 final investment decision (H2 2026)An FID converts a Western AP1000 program into actual long-lead forging and reactor-coolant-pump demand, directly testing the forging chokepoint thesis.
  • 31highPolicyWestinghouse/US government definitive agreements replacing the binding term sheetConversion of the October 2025 $80B partnership term sheet into definitive agreements (and the government's 20%-above-$17.5B participation/warrant) is the structural reprice trigger for CCJ and BEP and the precursor to any Westinghouse IPO.
  • 16mediumProgramXEXe-100 construction permit — NRC 18-month review milestoneThe Xe-100 construction permit on its 18-month NRC clock is the regulatory gate that converts X-energy from a license call-option into a buildable orderbook for the Amazon/Energy Northwest and Dow projects.

January 2027

  • 01highPolicyCEGNRC final decision on Crane Clean Energy Center restart (expected 2027)NRC review of the Crane Clean Energy Center (ex-Three Mile Island Unit 1) restart is the gating regulatory step before Constellation returns the unit to service for its Microsoft PPA; a final decision is expected in 2027 (date is a placeholder).
  • 31highPolicyNRC Safety Evaluation Report for GLE Paducah facility (anticipated)The SER is the safety-side prerequisite to an NRC construction-and-operation license for laser enrichment; its completion would clear the path to a build decision on a second-source enrichment technology.

January 2028

  • 01highPolicyRussian LEU import waivers terminate (Prohibiting Russian Uranium Imports Act)Hard statutory date after which no Russian-uranium import waivers can be granted, forcing Western utilities onto a constrained non-Russian SWU base and directly tightening the enrichment chokepoint.

June 2028

  • 30mediumProgramDNNDenison Phoenix ISR targeted first production (mid-2028)Denison targets first production from its Phoenix ISR mine in mid-2028 — Canada's first new uranium-mine construction approval in over 20 years, and a key test of in-situ-recovery economics in the Athabasca Basin.

Past

  • 2026-07-04DOE Reactor Pilot Program: target of 3+ reactor criticalities
  • 2026-07-04DOE pilot-program criticality deadline for first advanced reactors
  • 2026-07-01White Mesa heavy rare-earth circuit modifications commence
  • 2026-06-30Energy Fuels targets full-year uranium guidance by mid-year