CAMDEN, New Jersey: Holtec Nuclear Corporation has filed for an initial public offering in the United States, seeking to capitalize on growing investor interest in nuclear energy as demand for electricity rises with the expansion of artificial intelligence and other power-intensive technologies.

The filing comes as the U.S. IPO market rebounds, driven by larger offerings and AI-related listings, while government support for carbon-free energy continues to boost interest in nuclear power companies.

Energy sector IPOs have also gained momentum as the U.S. pushes to quadruple its nuclear generation capacity by 2050 to help meet rising electricity demand from data centers, electric vehicles and cryptocurrency mining.

Founded in 1986, Holtec supplies nuclear equipment, manages spent nuclear fuel and develops small modular reactors (SMRs), which are designed to be faster and more cost-effective to build than conventional nuclear plants.

The company is leading the restart of the Palisades nuclear plant, which was shut down in 2022 after operating for more than 50 years. Holtec has received about US$400 million from the U.S. Department of Energy to build two SMRs at the site.

Several companies, including X-energy and Deep Fission, have gone public this year to raise funds for the development of small modular reactors.

Holtec reported net income of $17.8 million on revenue of $165.3 million for the three months ended March 31, 2026, compared with net income of $25.4 million on revenue of $177.7 million during the same period a year earlier.

The company said it plans to use proceeds from the IPO to fund its SMR-300 reactor program, expand manufacturing capacity and support other growth initiatives.

J.P. Morgan, Guggenheim Securities, Goldman Sachs and Citigroup are serving as underwriters for the offering.

Holtec intends to list its shares on Nasdaq and Nasdaq Texas under the ticker symbol "HNUC."