Where Will Cameco (CCJ) Stock Be in 10 Years?

Core Insights - Cameco has experienced a significant recovery in its business after a decade of struggles post-Fukushima, with revenue increasing from $1.5 billion in 2021 to $3.1 billion in 2024, and uranium's spot price rebounding to approximately $94 per pound [2][3] Group 1: Company Performance - From 2011 to 2021, Cameco's revenue fell from $2.4 billion to $1.5 billion due to reduced nuclear expansion plans globally [1] - The company has turned profitable again in 2022, 2023, and 2024 after years of net losses [2] - Cameco's stock surged over 620% in the past five years, reflecting the positive market dynamics for uranium [3] Group 2: Strategic Developments - In 2021, Cameco increased its stake in Global Laser Enrichment (GLE) from 24% to 49%, aiming to integrate laser-based uranium enrichment into its operations [4] - In 2023, Cameco partnered with Brookfield Asset Management to acquire a 49% stake in Westinghouse Electric, enhancing its position in the nuclear power infrastructure market [5] - The company is expected to pursue further acquisitions to diversify its business and reduce reliance on uranium mining [6] Group 3: Industry Outlook - The International Atomic Energy Agency (IAEA) projects that global nuclear capacity will increase by 2.6 times from 2024 to 2050, which is expected to drive uranium prices higher [6]