Cameco (CCJ) closed the most recent trading day at $47.76, moving -0.46% from the previous trading session. This move lagged the S&P 500's daily gain of 0.42%. Elsewhere, the Dow gained 0.04%, while the tech-heavy Nasdaq added 0.38%. Coming into today, shares of the uranium producer had gained 17.48% in the past month. In that same time, the Basic Materials sector gained 5.24%, while the S&P 500 gained 2.06%. The upcoming earnings release of Cameco will be of great interest to investors. The company's earni ...

The tide looks to be shifting back in meaningful ways. This uranium producer could be a sleeping giant. In this video, Motley Fool contributors Jason Hall and Tyler Crowe break down the recent news that suggests the coming return of nuclear energy and talk about why investors looking to profit should consider Cameco (CCJ -0.17%). *Stock prices used were from the afternoon of Sept. 27, 2024. The video was published on Sept. 28, 2024. ...

Group 1: Market Sentiment and Stock Performance - Nuclear energy stocks have seen significant gains, with Uranium Energy up 17.1%, Cameco up 9.6%, and NuScale Power up 15% this week [2] - Overall, shares of these companies have increased by 14.8%, 8%, and 15% for the week as of Friday [2] - The excitement around nuclear energy is driven by the increasing energy demands from artificial intelligence data centers, leading to plans for new plants and the restart of old ones [1][4] Group 2: Corporate Developments - Constellation Energy has entered a long-term power purchase agreement with Microsoft to supply electricity from Three Mile Island's Unit 1 for data centers [3] - Oracle's CEO announced plans for a data center that will incorporate three small nuclear reactors, indicating a trend among big tech companies towards nuclear energy [4] Group 3: Industry Challenges and Timeline - The construction of nuclear power plants is a lengthy process, often taking years or decades, with Three Mile Island expected to reopen by at least 2028 [5] - Small modular nuclear reactors, touted as the future of nuclear energy, may not be operational until 2030 or later [5] - Despite the current market excitement, the reality is that nuclear energy will take a decade to materialize [6] Group 4: Uranium Market Dynamics - U.S. uranium production has tripled compared to a year ago, and supply does not appear to be a concern despite import restrictions from Russia [7] - Uranium prices have fallen over 20% from their highs earlier this year, which could negatively impact the profitability of uranium producers like Uranium Energy and Cameco [8] - The supply/demand dynamics and declining prices may pose challenges for the industry moving forward [8]

Michael Wiggins De Oliveira is an inflection investor. This means buying into cheap companies at the moment when their narrative is changing and the business is on a path toward becoming significantly more profitable over the next year. With a focus on tech and "the Great Energy Transition (including uranium)", Michael runs a concentrated portfolio with approximately 15 to 20 stocks and an average holding period of 18 months. Through his 10+ years analyzing countless companies, Michael has accumulated outst ...

AI and Energy Stocks - The AI frenzy has led to significant attention on energy stocks with nuclear and uranium exposure, such as Constellation Energy (CEG), Cameco (CCJ), and Vistra (VST), due to the high energy consumption of data centers [1] Vistra (VST) - Vistra operates a diverse power generation fleet, including natural gas, nuclear, coal, solar, and battery energy storage facilities [2] - Vistra's shares have surged nearly 200% in 2024, driven by its acquisition of Energy Harbor, which added over 4,000 MW of nuclear generation and approximately one million retail customers [2][3] - The company has secured power purchase agreements with Amazon and Microsoft, further strengthening its market position [3] - Vistra plans to spend at least $2.25 billion on share repurchases in 2024 and 2025, with outstanding shares declining by 29% since November 2021 [4] - The company offers a 14% five-year annualized dividend growth rate, appealing to income-focused investors [5] Cameco (CCJ) - Cameco, one of the world's largest uranium producers, has seen its shares rise 10% over the last month, despite underperforming year-to-date [5] - The company's CEO highlighted strong support for nuclear energy, driven by positive public opinion, policy decisions, and market-based solutions [6] - Cameco's uranium segment reported double-digit percentage growth in production volumes, sales volumes, and revenue year-over-year [6] - The company's top-line trend has improved significantly in recent periods compared to previous years [8] Constellation Energy (CEG) - Constellation Energy's shares surged following the announcement of a deal with Microsoft to restart a nuclear plant, which will supply power to Microsoft's data centers [9] - The company's CEO emphasized the importance of nuclear energy in providing carbon-free and reliable power for industries like data centers [10] - CEG shares have risen nearly 120% year-to-date, outperforming the S&P 500's 20% gain [11] - The company's EPS estimate for the current fiscal year has increased by 26% over the last year, suggesting 60% year-over-year growth [11] Microsoft (MSFT) - Microsoft's shares have lagged behind the S&P 500 in 2024, gaining only 15% despite the company's involvement in the nuclear energy deal with Constellation Energy [12][13] Conclusion - The AI-driven energy consumption theme has gained significant attention, with Constellation Energy, Cameco, and Vistra all experiencing share price increases [14]

There's renewed buying for the uranium stock. What's brewing? Cameco (CCJ 4.36%) stock's rally from last Friday extended into trading this morning, with shares of the uranium miner rallying 5.5% at its highest point during the day through noon Monday. The uranium stock was up almost 12% over two days as of this writing. Latest developments have fueled hopes of a resurgence in the nuclear energy industry, and investors believe Cameco -- a significant producer of the nuclear fuel uranium -- could be the best ...

The nuclear energy sector comprises companies involved in the production of nuclear power and related technologies. These firms range from uranium miners to nuclear plant operators and equipment manufacturers. Nuclear energy stocks represent ownership in these companies traded on public exchanges. The sector has gained renewed attention due to its potential role in reducing carbon emissions. Nuclear power offers a reliable, low-emission source of baseload electricity. Investing in nuclear energy stocks can ...

Interest in uranium stocks is blowing up. Uranium stocks are glowing green on Friday, and they have Constellation Energy to thank for it. This morning, the electric utility giant announced plans to restart Unit 1 at the Three Mile Island nuclear power plant by 2028, in order to supply power to Microsoft data centers. In no time flat, shares of uranium mining stocks such as Energy Fuels, Uranium Energy, and Denison Mines began powering up. None went so far as Cameco Corporation (CCJ 7.52%), however, which as ...

There has been lots of press, including Seeking Alpha articles, about the commercial nuclear renaissance. For instance: China is increasing its planned nuclear operations. Small Modular Reactors are under development by a number of worldwide companies. The US administration is Analyst's Disclosure: I/we have a beneficial long position in the shares of CCJ either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensat ...

Uranium demand is projected to outstrip supply as the world races to expand nuclear energy almost overnight. The U.S. in late 2023 headed up a coalition of countries across four continents pledging to triple nuclear energy capacity by 2050. The Bull Case for Uranium The rapid revival of nuclear power sent uranium prices to their highest levels in over 15 years, soaring from $30 at the start of 2021 to $100 in January 2024. Despite a pullback, uranium prices hover around $80, up roughly 60% since the start o ...