The global oil market has been hit by turbulence following Iran’s blockade of the Strait of Hormuz, a key shipping route. This move, in response to a joint military offensive by the United States and Israel, has resulted in increased oil prices. While a temporary truce has sparked hopes of reopening the strait, the terms remain uncertain, leaving the waterway largely inactive.
This conflict has highlighted the world’s heavy reliance on foreign oil and underscored the urgent need for sustainable energy alternatives. As a result, attention is turning to renewable energy sources such as solar, wind, and nuclear power. In 2026, stocks in the green energy sector are showing promising potential, particularly as the demand for electricity from AI-focused data centers continues to rise. Here are three noteworthy energy stocks to consider this April.
1. Oklo
Oklo (OKLO +3.96%) is pioneering the development of a modular microreactor known as Aurora. These reactors are compact, operate on special recycled fuel, and can produce continuous power for years without emitting carbon, making them a greener alternative to fossil fuels.
Oklo’s microreactors address two pressing issues: reducing dependence on fossil fuels and providing consistent power for a data-reliant world. They could be deployed in numerous remote locations needing reliable clean energy, from AI data centers to rural areas.
Oklo is collaborating with the U.S. government to establish its first Aurora powerhouse on federal grounds, potentially expediting the regulatory process. The company anticipates constructing its initial reactor by 2027, marking the start of revenue generation for this pre-revenue firm.
The nuclear stock has surged over 120% since last year, though it remains over 70% below its peak from mid-October. Despite a substantial market cap of $8 billion without current revenue, Oklo’s long-term growth potential may offer significant upside.
2. Bloom Energy
Bloom Energy (BE +3.31%) stands out as a leading clean energy growth stock. The company produces solid oxide fuel cell systems, known as “Bloom Boxes,” which convert fuel into electricity through an electrochemical process without combustion.
As opposed to companies like Oklo, Bloom Energy is not hindered by regulatory hurdles, as it already has a market-ready product. Its client roster features major data center operators like Equinix and Oracle.
The demand for clean energy was already propelling Bloom’s growth even before AI data centers became significant drivers. With AI’s increasing power requirements, Bloom’s growth prospects have only strengthened, as evidenced by its record $2 billion revenue in 2025, a 37% increase from the previous year. The company has a $20 billion backlog and projections indicate its revenue could triple in the next two years.
As AI and cloud services continue to expand, Bloom’s order book and stock value are likely to see sustained growth.
3. GE Vernova
GE Vernova (GEV 0.11%) has experienced significant growth since its spin-off from General Electric in 2024. The stock has surged by 625%, with an increase of $855 from its initial share price.
GE Vernova’s diverse power generation services, which include nuclear, wind, hydro, and gas, cater to government, industrial, and utility clients. The company’s biggest growth opportunity lies in meeting the soaring electricity demand driven by AI infrastructure development. GE Vernova’s backlog is expected to rise to $200 billion by 2028, up from its current $135 billion.
While the stock is valued at a premium, trading at about 61 times forward earnings and 22 times book value, the long-term growth potential could make this energy giant a worthy consideration for investors.
Original Story at www.fool.com