It's time to buy and hold long-term uranium stocks. Plus, as noted by Wells Fargo, after years of flat power growth in the U.S., electricity demand could grow as much as 20% by 2030. Again, because of the AI data center demand. Cameco (CCJ) Plus, with supply unlikely to match demand any time soon, the argument for further upside is easy to make. Also, as noted by Cameco Chief Executive Officer Tim Gitzel, market tightness, mine depletion and underinvestment will keep uranium prices high. Source: Shutterstoc ...

Image Source: Zacks Investment Research Over the trailing four quarters, Cameco's earnings missed the Zacks Consensus Estimate thrice and surpassed the same in one quarter. CCJ has an average trailing four-quarter negative earnings surprise of 21.6%. Factors to Note Although uranium prices had peaked at a 16-year high of $106 per pound on Jan 22, 2024, the spike was shortlived and the uranium market experienced a moderate pullback since then. Despite the cooldown, prices remained above the $80 level, buoyed ...

Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Cameco (CCJ) . Of the 12 recommendations that derive the current ABR, nine are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 75% and 16.7% of all recommendations. Check price target & stock forecast for Cameco here>>> Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analys ...

I feel that each investor should carefully consider these uranium multibagger stocks as potential investments for their portfolio. As InvestorPlace reported previously, the current move towards cleaner forms of energy is making nuclear power one of the most sought-after energy sources. Due to the unstable oil prices and the termination of thermal coal burning, nuclear energy is gaining importance. Such countries as China, India and Russia are already at the forefront of this race, having numerous nuclear re ...

Bear in mind that the global renewable energy market was valued at a whopping $1.21 trillion last year and could surge annually by 17.2% through 2030. Furthermore, NextEra Energy added 2,765 megawatts to its solar and storage portfolio, with planned infrastructure investments of $85 million to $95 billion through 2025. Source: engel.ac / Shutterstock What sets it apart from its competition is the firm's innovative thin-film Cadmium Telluride technology, which enhances energy efficiency while substantially l ...

Considering the above, here are three top-tier uranium stocks to watch. Cameco released its first-quarter financial results in April, revealing a revenue miss of $128.21 million and an earnings-per-share miss of 16 cents. However, the event didn't deter CCJ stock, as it has traded flat ever since. Although Cameco's earnings defeat was an adverse event, many investors, including myself, remain optimistic about the company's outlook because numerous catalysts have emerged. For example, synergies related to th ...

I spent some time on the Benzinga "Live Trading" show with Ryan Faloona and the crew last week talking about uranium stocks. Nuclear energy is attracting a lot of attention, including more than its share from traders. That is not going to be enough in the long run. Expanding the usage of nuclear energy is not a choice. It is a must to power the future. Geopolitical factors are further shaping the uranium market landscape. The Russia-Ukraine conflict has disrupted supply chains, particularly for European uti ...

However, that's not likely to happen. Third, unless there's a Red Wave in Congress, the IRA and related stocks will be fine. Source: T. Schneider / Shutterstock.com First Solar is a potential beneficiary of the artificial intelligence data center boom. According to UBS analysts, First Solar is "uniquely positioned" to benefit from rising electricity demand from AI as Big Tech looks to clean energy to power data centers. Cameco (CCJ) For one, there are still severe supply and demand issues. For example, "Aro ...

When new legislation makes its way to the president's desk, investors often sit up and take notice. And that's exactly what's happening today with respect to nuclear power stocks Cameco (CCJ 8.96%), NuScale Power (SMR 5.72%), and Energy Fuels (UUUU 6.90%). These stocks are all flying higher after the market learned that President Biden signed a bill yesterday that encourages growth in nuclear power. The basics of the bipartisan-backed nuclear power bill The ADVANCE Act received strong bipartisan support in ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Cameco (CCJ) . Cameco currently has an average brokerage recommendation (A ...