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The uranium miner still has plenty of upside potential.Cameco (CCJ 0.69%), one of the world's top uranium miners, saw its stock surge more than 580% over the past five years. That rally was driven by a soaring demand for uranium in new nuclear projects in a post-pandemic market, as well as its partnership with Brookfield Asset Management to acquire Westinghouse Electric in late 2023. Uranium's rising spot price, which more than doubled over the past five years, and its new 49% stake in Westinghouse Electric ...

Core Insights - Energy Fuels Inc. (UUUU) achieved record uranium production at its Pinyon Plain mine in May, producing 258,745 pounds, surpassing April's record of 151,400 pounds [1][8] - The company has raised its 2025 uranium production guidance to between 875,000 and 1,435,000 pounds, up from the previous target of 730,000 to 1,170,000 pounds [3][8] - Despite increased production, lower sales volumes and declining uranium prices are expected to lead to a significant year-over-year revenue decline in 2025 [5][6] Production and Sales - From January to May, the Pinyon Plain mine produced approximately 12,461 tons of ore with an average grade of 1.92%, equating to 478,384 pounds of uranium [2] - The average production rate over five months stands at 96,000 pounds per month, with April and May averaging 205,000 pounds combined [2] - Energy Fuels plans to sell 220,000 pounds of uranium in 2025, down from the previously projected 200,000 to 300,000 pounds, and significantly lower than the 450,000 pounds sold in 2024 [5][8] Financial Outlook - The Zacks Consensus Estimate for 2025 revenues is $41.40 million, indicating a 47% year-over-year decline, with an expected loss of 28 cents per share [6][10] - For 2026, the revenue estimate is $137.6 million, suggesting a 232.4% year-over-year increase, with a projected earnings of 6 cents per share [7][10] Market Performance - Energy Fuels' stock has declined 13.6% over the past year, underperforming against the industry average drop of 16.3% [11] - The company's forward price/sales ratio is 12.74X, significantly higher than the industry average of 2.76X, indicating a stretched valuation [18][19] Long-Term Prospects - The increasing demand for uranium and rare earth elements (REEs) in clean energy technologies presents growth opportunities for Energy Fuels [21] - The company is positioned to ramp up uranium production and develop significant REE capabilities, with potential annual production reaching up to 6 million pounds of uranium [22]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1][2] Company Analysis: Cameco (CCJ) - Cameco currently holds a Momentum Style Score of A, indicating strong momentum characteristics [3] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance in the market [4] - Over the past week, CCJ shares increased by 3.23%, while the Zacks Mining - Miscellaneous industry rose by 4.21% [6] - In a longer timeframe, CCJ shares have appreciated by 50.1% over the past quarter and 26.49% over the last year, outperforming the S&P 500's gains of 8.49% and 13.75%, respectively [7] - The average 20-day trading volume for CCJ is 6,202,374 shares, indicating a bullish sentiment as the stock is rising with above-average volume [8] Earnings Outlook - In the last two months, 5 earnings estimates for CCJ have been revised upwards, while only 1 estimate was revised downwards, leading to an increase in the consensus estimate from $0.96 to $1.11 [10] - For the next fiscal year, all 5 estimates have moved upwards with no downward revisions, indicating positive earnings momentum [10] Conclusion - Given the strong momentum indicators and positive earnings outlook, CCJ is positioned as a 2 (Buy) stock with a Momentum Score of A, making it a potential candidate for investors seeking short-term gains [12]

Cameco (CCJ) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.The power of a ch ...

For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Cameco (CCJ) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question.Cameco is a member of our Basic Materials group, which includes 233 different companies and currently sits at #11 in the Zacks Sector Rank. The Zacks Sector Rank includes 1 ...

Cameco Corp. CCJ, the world’s largest publicly traded uranium miner, has been moving sharply up as the nuclear energy industry enters a renaissance. CCJ’s recent move is outsized, but this chart has a strong upward trajectory for the longer-term investor over time.That said, a fade to support may be on the horizon. Both short-term and long-term traders can benefit from a move like this with a simple calendar spread. The trade we’re going to use is a call calendar spread. A long calendar spread generally pre ...

Investment Rating - The report reiterates a Buy rating on Cameco Corp. (CCJ) with a 12-month price target of $78.00, indicating an upside potential of 16.6% from the current price of $66.91 [15]. Core Insights - The Czech Republic and South Korea have reached an agreement on a $19 billion project for two nuclear reactors, which is expected to significantly boost Westinghouse's revenue and EBITDA, of which CCJ owns a 49% stake [1][3]. - Westinghouse is in discussions to deploy 10 large reactors in the US, which could further enhance its revenue growth, aligning with the US government's goal of having 10 new reactors under construction by 2030 [5][8]. - The Dukovany project is projected to increase Westinghouse's EBITDA by approximately $340 million in 2025, leading to an adjusted EBITDA range for CCJ of $525 million to $575 million for the year [6][10]. Summary by Sections Westinghouse/KHNP Agreement - A framework agreement was established between Westinghouse and Korean companies for reactor deployments, which is expected to benefit both parties [2]. KHNP/Czech Deal - The deal for two reactors at the Dukovany atomic plant is anticipated to provide significant financial benefits to Westinghouse, with expected revenue streams from both upfront payments and ongoing project revenues [3][6]. US Exposure to New Builds - The Trump Administration's executive orders aim for 10 new nuclear reactors by 2030, positioning Westinghouse as a key player in future reactor builds in the US [5][8]. EBITDA Impact from Korea/Czech Deal - The Dukovany project is expected to contribute an additional $170 million to Westinghouse's EBITDA, enhancing CCJ's financial outlook [6][10]. Additional Implications from Korea Deal - There is potential for further revenue upside from engineering and procurement work related to the Dukovany project, although the exact benefits remain uncertain [7]. New Builds and Revenue Growth - Westinghouse is also in talks for nuclear projects in Poland and Bulgaria, which could contribute to its revenue and EBITDA growth [8][10]. Valuation Changes - Adjusted EBITDA estimates for CCJ have been revised upwards for 2025-2027, reflecting anticipated revenue growth from new reactor builds [11].

Core Viewpoint - The nuclear energy market, while not traditionally seen as a high-growth sector, presents potential multibagger gains through investments in companies like Cameco and NuScale Power over the next decade, driven by geopolitical factors and increasing energy demands from cloud and AI markets [1][2][4]. Group 1: Cameco - Cameco is the second-largest uranium miner globally, producing approximately 17% of the world's uranium in 2024, with operations in Canada, the U.S., and Kazakhstan [5]. - In late 2023, Cameco partnered with Brookfield Asset Management to acquire a 49% stake in Westinghouse Electric, which is expected to stabilize returns and position Cameco as a preferred uranium supplier for Westinghouse's nuclear plants [6]. - Analysts project Cameco's revenue and earnings per share to grow at a CAGR of 8% and 85%, respectively, from 2024 to 2027, driven by rising uranium prices, which are expected to increase from $70 to $140 by 2027 [7][8]. Group 2: NuScale Power - NuScale specializes in small modular reactors (SMRs), which are easier and cheaper to build compared to traditional nuclear plants, and has received standard design approval from the U.S. Nuclear Regulatory Commission for its SMR designs [9][10]. - The company is currently generating revenue as a subcontractor for a 462-megawatt power plant project in Romania, but anticipates significant revenue growth as it launches its first plants in the U.S. market, with a projected CAGR of 118% from 2024 to 2027 [11]. - Although NuScale is not yet profitable and has a valuation of 11 times its estimated sales for 2027, it is positioned for rapid growth as SMRs gain traction in the nuclear power sector [12].

Industry Overview - The AI-powered data center industry is experiencing significant growth, leading to increased demand for nuclear energy, which has become a hot sector on Wall Street over the past year [1] - The U.S. Department of Energy projects that data center energy usage will "double or triple by 2028," following a doubling over the past decade [2] - Executive orders signed by President Trump aim to increase U.S. nuclear energy capacity from 100 GW to 400 GW by 2050, focusing on reactors near military installations and AI data center hubs [3] Company Highlights Constellation Energy Corp. (CEG) - CEG is a leading energy company with a focus on clean and nuclear energy, planning a $5.1 billion capital expenditure through 2025 to acquire nuclear fuel and increase inventory [7] - The company has acquired a 2,645 MW nuclear plant, enhancing its operational capacity in Texas [8] - CEG has entered into a 20-year agreement with Microsoft to revive the Three Mile Island nuclear plant, aiming to provide carbon-free electricity for data centers [9][10] - Expected revenue and earnings growth rates for CEG are -0.3% and 8.8%, respectively, for the current year [12] Vistra Corp. (VST) - VST operates as an integrated electricity and power generation company with a diversified clean energy portfolio, including nuclear assets [13] - The company is positioned to benefit from government contracts and public-private partnerships related to AI infrastructure and grid reliability [15] - Expected revenue and earnings growth rates for VST are 34% and -15.4%, respectively, for the current year [16] Mirion Technologies Inc. (MIR) - MIR provides radiation detection and monitoring products, essential for operational nuclear facilities and next-gen reactors [17][18] - The company is focused on expanding its reach in the nuclear energy sector by collaborating with small modular reactor developers [19] - Expected revenue and earnings growth rates for MIR are 5.3% and 14.6%, respectively, for the current year [20] BWX Technologies Inc. (BWXT) - BWXT manufactures nuclear components and operates in both government and commercial sectors [21] - The company is expanding its commercial power segment and is involved in developing micro-nuclear reactors [22] - Expected revenue and earnings growth rates for BWXT are 12.9% and 6.6%, respectively, for the current year [23] Cameco Corp. (CCJ) - CCJ is one of the largest uranium producers globally, supplying uranium for clean electricity generation in nuclear plants [24] - The company operates through three segments: Uranium, Fuel Services, and Westinghouse, providing various services and components for nuclear reactors [25] - Expected revenue and earnings growth rates for CCJ are 7.5% and 91.8%, respectively, for the current year [26]