Holtec Nuclear Files for $2 Billion IPO Amid Palisades Plant Restart Efforts

Holtec Nuclear, a nuclear energy services firm, filed for an estimated $2 billion IPO on July 10, 2026. The company, based in Camden, NJ, reported $989 million in revenue for the year ending March 31, 2026. Holtec is focusing on restarting the Palisades Nuclear Power Plant, which has been offline since 2022, and developing small modular reactors. The restart is supported by a $1.5 billion loan guarantee from the US Department of Energy. Holtec aims to deploy its SMR-300 reactors at the Palisades site in partnership with Hyundai Engineering & Construction. The IPO is part of a broader trend in the nuclear sector, with increasing interest from data center owners for carbon-free power. Holtec's shares will trade on Nasdaq under the symbol HNUC, with major banks leading the offering.

Key Points: • Holtec Nuclear filed for a $2 billion IPO to support its nuclear energy initiatives. • The company is working to restart the Palisades Nuclear Power Plant, shut down since 2022. • Holtec has developed a small modular reactor design and plans to deploy it at the Palisades site.