Is Cameco a Stock to Buy and Hold Forever? Here's Why It Could Be.

Core Insights - The nuclear power industry is experiencing a renaissance driven by increasing global electricity demand and a shift towards cleaner energy sources, positioning Cameco as a key player in this growth [2][3]. Company Overview - Cameco is one of the largest uranium fuel providers globally, primarily mining in politically stable regions like Canada, and is collaborating with Net Zero Nuclear to support a tripling of global nuclear capacity by 2050 [3]. - The company has a strategic investment in Westinghouse, which has a long-standing history in the nuclear sector, providing design, construction, and maintenance services to nuclear power plants [3]. Financial Performance - In 2024, Cameco reported a significant revenue increase of 21% and an adjusted EBITDA surge of 73%, highlighting its resilience in a volatile commodity-driven market [4]. - The investment in Westinghouse is expected to provide a stabilizing effect on Cameco's revenue, as Westinghouse generates consistent income from its services, which will benefit Cameco's financials [4].