Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services. This segment also produces CANDU reactor fuel bundles and other reactor components. The company offers nuclear fuel processing services. The Westinghouse segment engages in the manufacture of nuclear reactor technology original equipment. This segment provides products and services to commercial utilities and government agencies; and outage and maintenance services, engineering support, instrumentation and controls equipment, plant modification, and components and parts to nuclear reactors. It sells its uranium and fuel services to nuclear utilities in the Americas, Europe, and Asia. Cameco Corporation was incorporated in 1987 and is headquartered in Saskatoon, Canada.

Cameco Corporation

Key Points
Nuclear stocks have been on a tear for more than a year, and bargains are hard to find.
Canada's Cameco benefits from a low cost of production and high selling prices for uranium today.
I'll give this to you straight: As sure as I am that nuclear energy is becoming a key source to meet the growing energy demand, both in America and around the world, I'm not finding a whole lot of nuclear stocks that are a good buy right now. Ever since Constellation Energy announced its big re-opening of the Three Mile Island plant to power data centers for Microsoft in 2024, investor interest in this sector has skyrocketed. At this point, most nuclear stocks' valuations have all gone up so much that it's now incredibly hard to find any bargains.
But if there's any nuclear stock still worth buying, it's probably Cameco (NYSE: CCJ).
Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue »
What is Cameco?
Headquartered in Saskatoon, Canada, Cameco describes itself as "one of the largest global providers of the uranium fuel needed to power a secure energy future." The company boasts a controlling stake in "the world's largest high-grade reserves" of uranium, and mines uranium at a "low cost" of less than $46 per pound in total costs in 2025, versus a spot price for uranium of more than $85 per pound currently.
Cameco also owns a 49% stake in nuclear power plant designer Westinghouse Electric Company and in uranium enrichment company Global Laser Enrichment, according to data from S&P Global Market Intelligence.
Cameco divides its business into three major segments. The Westinghouse stake is the biggest, contributing $1.8 billion in revenue year to date -- but that's from a subsidiary. Cameco proper gets most of its money -- $1.3 billion in the first nine months of 2025 -- from mining uranium, and also buying and reselling it from other miners. Refining and enriching uranium contributed a further $279 million over nine months.
After netting out "unallocated adjustments," Cameco generates about $2.2 billion in annual revenue. The profit margin on this revenue was only 8% pre-tax last year, but has leapt to 23% so far this year.
Cameco versus the competition
That's an impressive number, 23%. Fact is, in contrast to some of the perhaps more exciting, momentum-driven uranium mining start-ups, Cameco is one of the few companies in the nuclear power industry today that's actually earning a profit from doing what it does.
It may not be a lot of profit. Valued in excess of $50 billion, Cameco earned less than $378 million over the last 12 months, giving it a trailing price-to-earnings ratio of 134. But among its rivals, Uranium Energy, Energy Fuels, and even Denison Mines all have no profit whatsoever.
Free cash flow at Cameco is even more impressive, nearly doubling reported net income at $698 million. That drops the company's price-to-free-cash-flow ratio into the double digits, at 72. And crucially, with profit margins expanding, analysts posit Cameco will attain the highest growth rate of any company in this industry over the next five years: 75% annual growth.
And that puts Cameco's price-to-FCF-to-growth ratio under 1. (With minimal net debt, furthermore, the company's enterprise value-to-FCF-to growth ratio is likewise under 1.)
Cameco status report
Cameco last reported earnings in November, so a new earnings report lies just around the corner. Based on the latest report, though, things are looking good for this uranium mining stock.
Cameco CEO Tim Gitzel said "performance across our uranium, fuel services, and Westinghouse segments" was "strong" in the third quarter, and "nuclear continues on a path toward robust expansion" worldwide. The Westinghouse division, in particular, is expected to benefit from a planned $80 billion investment in building large nuclear power plants in the United States, probably based on the Westinghouse AP1000 plant design.
Westinghouse is the company's biggest business. If profit margins also hold up in its second biggest business, uranium mining and selling -- and given the near-100% difference between cost of production and retail prices, they should -- Cameco stock appears to be headed for a bright future.
Admittedly, a lot depends on Cameco hitting the very aggressive earnings growth target of 75%. But if Cameco can do that, then even 72 times trailing free cash flow shouldn't be too high a price to pay for this crucial element of the nuclear supply chain.
Should you buy stock in Cameco right now?
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Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Cameco, Constellation Energy, and Microsoft. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The Smartest Nuclear Stock to Buy With $500 Right Now

Cameco CCJ is one of the best pure-play nuclear-heavy AI energy stocks to buy.
The AI hyperscalers, the U.S. government, and other pillars of the global economy are kicking off a nuclear energy revival to fuel the power-hungry AI arms race while weaning off fossil fuels and becoming energy independent. This is why Wall Street is all-in on the AI energy trade.
Cameco stock has soared 110% in the past 12 months, as part of a massive surge over the last five years, which helped it surpass its previous 2007 peaks. Its recent run saw CCJ outpace AI giant Nvidia and nuclear energy powerhouse Constellation Energy.
Wall Street piled into CCJ because of the increasingly critical role the Canadian uranium miner plays in the nuclear energy revival and, therefore, the AI arms race.
Image Source: Zacks Investment Research
CCJ is the second-largest uranium miner in the world and one of the only uranium stocks (fuel for nuclear reactors) that most U.S. retail investors can buy.
Uranium prices have skyrocketed over the last several years. Plus, demand is projected to outstrip supply for years as the U.S. attempts to quadruple nuclear capacity by 2050 while weaning off Russia and its sphere of influence, which dominates the nuclear fuel industry.
On top of all that, Cameco provides investors with long-term upside in nuclear energy construction through its 49% ownership stake in Westinghouse Electric.
CCJ’s recent upward earnings revisions land it a Zacks Rank #1 (Strong Buy) right now.
CCJ: The Best Uranium, Nuclear, and AI Energy Stock to Buy?
Cameco is the second-largest uranium miner in the world, reportedly producing roughly 17% of global output according to the World Nuclear Association. The Canadian uranium miner is also a leading supplier of uranium refining, conversion, and fuel manufacturing services.
CCJ is one of the only large-scale uranium stocks that most regular U.S. investors can buy. The Saskatoon, Saskatchewan, Canada-headquartered firm’s importance to the U.S. is growing rapidly as it attempts to cut itself off from Russia and its sphere of influence, which dominates a large chunk of the uranium ecosystem.
The U.S. is trying to reshore many critical areas of the economy, including uranium mining, enrichment, and more. But restarting the U.S. uranium industry will take a long time after it lay dormant for decades, making Cameco vital.
The nuclear energy renaissance sent uranium prices to their highest levels in over 15 years in 2024. Despite a pullback, uranium prices have soared roughly 170% since the start of 2021. More importantly, uranium demand is set to outstrip supply for years to come.
Image Source: Zacks Investment Research
Bolstering its nuclear energy bull case further is Cameco’s 49% ownership of Westinghouse Electric—it closed the deal in late 2023 alongside Brookfield Renewable Partners (BEP), which owns the other 51%.
Westinghouse is one of the largest nuclear equipment and services businesses in the world. Its AP1000 nuclear reactors are the most recent large-scale reactors to come online in the U.S.
Westinghouse secured a substantial U.S. government contract to assist in the construction of 10 new large-scale nuclear reactors. The nuclear reactor company also offers upside in the small modular reactor (SMR) space via its next-gen AP300 reactors, which are competing alongside upstarts such as Oklo.
Why Investors Must Buy AI Energy and Nuclear Stocks
Nuclear energy could be the backbone of the entire growth, AI-driven economy at some point in the next few decades, just ask the AI hyperscalers and the U.S. government.
Electricity demand is set to grow ~25% by 2030 and ~75% by 2050, driven by AI data center expansion, electrification, reshoring, and more.
This is where nuclear power comes in. It’s been providing 50% of America’s carbon-free electricity for decades. Most importantly, nuclear power plants provide baseload power (unlike solar and wind), operating at full capacity ~93% of the time, making them the most reliable energy source by far, according to the U.S. Energy Department.
This is why Amazon, Meta, and the other AI hyperscalers are securing long-term nuclear power agreements.
Image Source: Zacks Investment Research
Meta META kicked off 2026 by landing three new nuclear energy deals to expand its efforts to power its AI growth. And we already touched on the U.S. government’s goal of quadrupling nuclear capacity by 2050.
Global data center infrastructure spending is expected to reach ~$7 trillion by 2030, with $1.3 trillion of this spending going toward power generation and the broader energy industry.
Buy CCJ Stock and Hold Forever
Cameco is projected to grow its adjusted earnings by 100% in FY25 and 55% in 2026. The uranium miner’s recent upward earnings revisions earn it a Zacks Rank #1 (Strong Buy), with its most accurate 2026 estimate 13% above consensus.
Its revenue expansion outlook shows it’s on track to return to its 2007 highs in the near future.
Image Source: Zacks Investment Research
Cameco stock has crushed the S&P 500 over the past 25 years, having soared nearly 4,000% vs. the benchmark’s 460%. This run includes a 850% surge in the last five years and a 115% run in the past 12 months.
CCJ has outclimbed AI chip giant Nvidia NVDA and nuclear energy powerhouse Constellation Energy CEG in the last year to help it meaningfully overtake its 2007 highs.
Despite its market-crushing run, Cameco trades at an 85% discount to its highs, below the S&P 500, and in line with the Energy sector in terms of its price/earnings-to-growth (PEG) ratio at 1.3.
The uranium stock could be a bit overheated in the short run after its recent charge to all-time highs, overtaking its October peaks.
Market timing is, however, exceedingly difficult. Investors might want to start a position in Cameco now and then add to their stockpile the next time it pulls back to a key moving average.
No matter what happens in the short run in terms of volatility or a well-deserved drawdown, Wall Street loves the uranium miner and nuclear reactor play. Twelve of the 17 brokerage recommendations Zacks has for Cameco are “Strong Buys,” next to four “Buys,” and one “Hold.”
Radical New Technology Could Hand Investors Huge Gains
Quantum Computing is the next technological revolution, and it could be even more advanced than AI.
While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.
Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.
Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.
See Top Quantum Stocks Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Bull of the Day: Cameco (CCJ)

For Immediate Release
Chicago, IL – January 23, 2026 – Zacks Equity Research shares Cameco CCJ as the Bull of the Day and Caesars Entertainment CZR as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Ford Motor Co. F and Ferrari N.V. RACE.
Here is a synopsis of all four stocks.
Cameco is one of the best pure-play nuclear-heavy AI energy stocks to buy.
The AI hyperscalers, the U.S. government, and other pillars of the global economy are kicking off a nuclear energy revival to fuel the power-hungry AI arms race while weaning off fossil fuels and becoming energy independent. This is why Wall Street is all-in on the AI energy trade.
Cameco stock has soared 110% in the past 12 months, as part of a massive surge over the last five years, which helped it surpass its previous 2007 peaks. Its recent run saw CCJ outpace AI giant Nvidia and nuclear energy powerhouse Constellation Energy.
Wall Street piled into CCJ because of the increasingly critical role the Canadian uranium miner plays in the nuclear energy revival and, therefore, the AI arms race.
CCJ is the second-largest uranium miner in the world and one of the only uranium stocks (fuel for nuclear reactors) that most U.S. retail investors can buy.
Uranium prices have skyrocketed over the last several years. Plus, demand is projected to outstrip supply for years as the U.S. attempts to quadruple nuclear capacity by 2050 while weaning off Russia and its sphere of influence, which dominates the nuclear fuel industry.
On top of all that, Cameco provides investors with long-term upside in nuclear energy construction through its 49% ownership stake in Westinghouse Electric.
CCJ’s recent upward earnings revisions land it a Zacks Rank #1 (Strong Buy) right now.
CCJ: The Best Uranium, Nuclear, and AI Energy Stock to Buy?
Cameco is the second-largest uranium miner in the world, reportedly producing roughly 17% of global output according to the World Nuclear Association. The Canadian uranium miner is also a leading supplier of uranium refining, conversion, and fuel manufacturing services.
CCJ is one of the only large-scale uranium stocks that most regular U.S. investors can buy. The Saskatoon, Saskatchewan, Canada-headquartered firm’s importance to the U.S. is growing rapidly as it attempts to cut itself off from Russia and its sphere of influence, which dominates a large chunk of the uranium ecosystem.
The U.S. is trying to reshore many critical areas of the economy, including uranium mining, enrichment, and more. But restarting the U.S. uranium industry will take a long time after it lay dormant for decades, making Cameco vital.
The nuclear energy renaissance sent uranium prices to their highest levels in over 15 years in 2024. Despite a pullback, uranium prices have soared roughly 170% since the start of 2021. More importantly, uranium demand is set to outstrip supply for years to come.
Bolstering its nuclear energy bull case further is Cameco’s 49% ownership of Westinghouse Electric—it closed the deal in late 2023 alongside Brookfield Renewable Partners (BEP), which owns the other 51%.
Westinghouse is one of the largest nuclear equipment and services businesses in the world. Its AP1000 nuclear reactors are the most recent large-scale reactors to come online in the U.S.
Westinghouse secured a substantial U.S. government contract to assist in the construction of 10 new large-scale nuclear reactors. The nuclear reactor company also offers upside in the small modular reactor (SMR) space via its next-gen AP300 reactors, which are competing alongside upstarts such as Oklo.
Why Investors Must Buy AI Energy and Nuclear Stocks
Nuclear energy could be the backbone of the entire growth, AI-driven economy at some point in the next few decades, just ask the AI hyperscalers and the U.S. government.
Electricity demand is set to grow ~25% by 2030 and ~75% by 2050, driven by AI data center expansion, electrification, reshoring, and more.
This is where nuclear power comes in. It’s been providing 50% of America’s carbon-free electricity for decades. Most importantly, nuclear power plants provide baseload power (unlike solar and wind), operating at full capacity ~93% of the time, making them the most reliable energy source by far, according to the U.S. Energy Department.
This is why Amazon, Meta, and the other AI hyperscalers are securing long-term nuclear power agreements.
Meta kicked off 2026 by landing three new nuclear energy deals to expand its efforts to power its AI growth. And we already touched on the U.S. government’s goal of quadrupling nuclear capacity by 2050.
Global data center infrastructure spending is expected to reach ~$7 trillion by 2030, with $1.3 trillion of this spending going toward power generation and the broader energy industry.
Buy CCJ Stock and Hold for Forever
Cameco is projected to grow its adjusted earnings by 100% in FY25 and 55% in 2026. The uranium miner’s recent upward earnings revisions earn it a Zacks Rank #1 (Strong Buy), with its most accurate 2026 estimate 13% above consensus.
Its revenue expansion outlook shows it’s on track to return to its 2007 highs in the near future.
Cameco stock has crushed the S&P 500 over the past 25 years, having soared nearly 4,000% vs. the benchmark’s 460%. This run includes a 850% surge in the last five years and a 115% run in the past 12 months.
CCJ has outclimbed AI chip giant Nvidia NVDA and nuclear energy powerhouse Constellation Energy CEG in the last year to help it meaningfully overtake its 2007 highs.
Despite its market-crushing run, Cameco trades at an 85% discount to its highs, below the S&P 500, and in line with the Energy sector in terms of its price/earnings-to-growth (PEG) ratio at 1.3.
The uranium stock could be a bit overheated in the short run after its recent charge to all-time highs, overtaking its October peaks.
Market timing is, however, exceedingly difficult. Investors might want to start a position in Cameco now and then add to their stockpile the next time it pulls back to a key moving average.
No matter what happens in the short run in terms of volatility or a well-deserved drawdown, Wall Street loves the uranium miner and nuclear reactor play. Twelve of the 17 brokerage recommendations Zacks has for Cameco are “Strong Buys,” next to four “Buys,” and one “Hold.”
Caesars Entertainment is one of the largest gaming and hospitality companies in the US. It owns, operates, or manages dozens of casinos, hotels, and resorts across the country.
CRZ stock has tanked off its post Covid-boom highs as its earnings outlook fades. Caesars Entertainment’s recent downward earnings revisions earn it a Zacks Rank #5 (Strong Sell).
Don’t Bet on Caesars Entertainment Stock Right Now?
Caesars Entertainment is a gaming and hospitality powerhouse. It owns, operates, and manages dozens of casinos, hotels, and resorts across the U.S., primarily under brands such as Caesars, Harrah's, Horseshoe, and Eldorado.
The company generates revenue from casino gaming (slots, table games, poker), hotel rooms, food and beverage services, live entertainment, conventions, and increasingly from online sports betting and iGaming through its digital segment.
The current company was formed when Eldorado Resorts completed its acquisition of Caesars Entertainment in July 2020, creating what it called the largest casino and entertainment company in the U.S.
Company revenue has stagnated in the last few years as Las Vegas giant deals with headwinds hitting the entire city. CZR’s earnings have been crushed as well. It reported a GAAP loss of -$1.28 per share in 2024 and an adjusted loss of -$0.55 on 2.5% lower sales.
Most recently, Caesars Entertainment posted an adjusted Q3 loss of -$0.27 a share, falling way short of our estimate for the third period in a row. It offered downbeat guidance again, citing setbacks such as “lower citywide visitation and poor table games hold” in Las Vegas and more.
Caesars Entertainment's adjusted earnings estimates have fallen off a cliff during the last several years, with its FY26 estimate down 25% in the last few months. Plus, its most accurate estimates came in 43% below its beaten-down consensus. This backdrop earns CRZ a Zacks Rank #5 (Strong Sell) right now, signaling that investors likely want to stay away from the stock for the time being.
Additional content:
Ford vs. Ferrari: Which Stock Looks More Attractive Right Now?
Ford Motor Co. and Ferrari N.V. are well-recognized automaker brands. Ford manufactures, markets and services cars, trucks, sport utility vehicles, electrified vehicles and Lincoln luxury vehicles while Ferrari designs, manufactures and sells sports cars. Ferrari also produces a limited-edition supercar, the LaFerrari, as well as limited series and one-off cars. Ferrari represents elite performance, speed and exclusivity, whereas Ford stands out for dependable, affordable vehicles with broad market appeal.
In the last six months, shares of Ferrari have plunged 34%, while Ford shares have risen 21%. F has outperformed the Zacks auto sector, but Ferrari has underperformed the same.
So which stock stands out as the stronger choice now? Let’s examine the fundamentals, growth catalysts and risks to determine which automaker earns a place in your portfolio.
The Case for Ford Stock
Ford’s consolidated third-quarter revenues came in at $50.5 billion, up 9.3% year over year. The company’s broad lineup, anchored by its F-Series trucks, Maverick pickup and popular SUVs, provides a solid foundation for growth. Its hybrid strategy adds resilience as EV adoption evolves. While the Model e segment faces near-term losses, Ford is positioning for long-term success with its Universal EV Platform, designed for affordable, digitally advanced vehicles starting around $30,000. The company plans to begin equipment installation for UEV production in Louisville and start LFP battery cell production in Michigan later this year, reinforcing its long-term electrification strategy.
Ford Pro remains a key growth engine, supported by strong order books, rising demand for Super Duty trucks, and expanding software and service offerings. The company plans to boost F-150 and Super Duty production by more than 50,000 units in 2026 to meet demand and offset losses from the Novelis fire. Strength across vehicles, software, and physical services underpins the segment’s momentum. Paid subscriptions rose 8% to 818,000 in the third quarter. Partnership with ServiceTitan enhances digital service capabilities, positioning Ford Pro as a major long-term earnings driver for the company.
In December, Ford and Renault Group unveiled a major strategic alliance to expand Ford’s EV lineup in Europe, boosting both companies’ competitiveness in the fast-changing regional auto market. Central to the deal is an agreement to develop two Ford-branded electric models built on Renault’s Ampere platform, tapping the group’s EV expertise and scale. Beyond passenger EVs, the partners also signed a letter of intent to explore jointly developing and producing select Ford- and Renault-branded light commercial vehicles for Europe.
Ford has a high dividend yield of more than 4%, way better than the S&P 500’s yield of 1.1%, on average. The company targets distributions of 40-50% of FCF going forward, demonstrating its commitment to shareholder return.
The Zacks Consensus Estimate for F’s 2026 EPS implies year-over-year growth of 38.1%. EPS estimates for 2025 and 2026 have fallen a penny and risen 3 cents, respectively, in the past seven days.
The Case for Ferrari Stock
Ferrari reported net revenues of $2.06 billion in the third quarter of 2025, up 14.2% from the corresponding quarter of 2024. Total shipments slightly rose to 3,401 units from 3,383 vehicles in the third quarter of 2024. However, shipments in Mainland China, Hong Kong and Taiwan unit and Americas unit declined 12% and 2% respectively.
Per Jing Daily, China’s luxury car buyers, particularly younger consumers, are placing greater emphasis on advanced technology, sustainability and digitally integrated lifestyles. Ferrari’s brand, built on heritage and exclusivity, appears misaligned with these evolving preferences. Although personalization is a global strength for the company, it has not been sufficiently tailored to Chinese cultural tastes and local expectations.
While the visibility of Formula 1 drivers helps generate attention, it does not translate into consistent, long-term sales momentum. Moreover, Ferrari’s absence in the electric vehicle segment represents a notable weakness in a market where new energy vehicles account for more than 40% of total new car sales.
Moreover, even as Ferrari lifted its long-term revenue ambition to roughly €9 billion ($10.4 billion) by 2030, the company now expects fully electric models to account for just 20% of its portfolio by that time, a reduction from its earlier 40% target. Hybrid vehicles are projected to represent another 40%, while the remaining share will continue to rely on internal combustion engines. Ferrari does not anticipate introducing a second electric model before at least 2028, pointing to limited demand for high-performance EVs.
The Zacks Consensus Estimate for RACE’s 2025 sales and EPS implies year-over-year growth of 14.9% and 14.6%, respectively. EPS estimates for 2025 and 2026 have fallen 13 cents each in the past 30 days.
Valuation Check: F vs. RACE
On a valuation basis, F trades at a more attractive EV/EBITDA multiple than RACE. This suggests that, relative to its earnings before interest, taxes, depreciation, and amortization, Ford stock is priced more reasonably.
Conclusion
Overall, Ford appears to be the more compelling investment choice than Ferrari at this stage. Ford offers diversified revenue streams, broad market exposure, and multiple growth levers across trucks, hybrids, EVs, software, and commercial services. Its strong recent stock performance reflects improving investor confidence, supported by solid revenue growth, a resilient product mix, and expanding high-margin businesses like Ford Pro.
Strategic initiatives, such as the Universal EV Platform, battery investments and the partnership with Renault, strengthen Ford’s long-term positioning in both North America and Europe, while its hybrid-first approach reduces risk amid uneven EV adoption. Also, the consensus estimate points to robust earnings growth through 2026, and the stock trades at a more attractive valuation relative to peers.
By contrast, Ferrari’s reliance on exclusivity and limited volumes constrains its growth potential. While the brand remains profitable, recent share price weakness, declining shipments in key regions like China and a cautious stance on electrification raise concerns. Ferrari’s slower EV rollout further clouds its outlook. For investors seeking scalable growth, reasonable valuation and clearer long-term catalysts, Ford stands out as the stronger option. F sports a Zacks Rank #1 (Strong Buy), while RACE has a Zacks Rank #5 (Strong Sell) at present.
You can see the complete list of today’s Zacks Rank #1 stocks here.
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Radical New Technology Could Hand Investors Huge Gains
Quantum Computing is the next technological revolution, and it could be even more advanced than AI.
While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.
Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.
Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.
See Top Quantum Stocks Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Ferrari N.V. (RACE) : Free Stock Analysis Report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Cameco and Caesars Entertainment have been highlighted as Zacks Bull and Bear of the Day

Key Points
Constellation operates the largest fleet of nuclear power plants.
The company is also the largest producer of electricity in the U.S.
Nuclear energy stocks were among the energy sector's best-performing stocks in 2025.
Oklo, for instance, ended the year with a triple-digit gain, while uranium enricher Centrus Energy and uranium miner Cameco both had blockbuster performances.
Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks »
Even the VanEck Uranium and Nuclear ETF (NYSEMKT: NLR), a nuclear energy exchange-traded fund, ended the year with a 12-month gain of more than 50%.
One company that continues to stand out for its dominance in the industry is Constellation Energy (NASDAQ: CEG). Indeed, if I had to pick one nuclear energy stock to buy and hold for the next 10 years, Constellation would top the list. Here's why.
A nuclear advantage that can't be replicated quickly
Constellation Energy may not have the exciting growth potential of a start-up like Oklo. But it has something Oklo doesn't have yet, nor will likely have for several years: operating nuclear power plants.
Indeed, Constellation operates the largest nuclear fleet in the U.S., and it has signed several contracts that will extend over the next decade.
In June 2025, it announced a 20-year agreement with Meta Platforms tied to the full output of its Clinton Clean Energy Center starting in 2027. It has also made moves to restart the former Three Mile Island Unit 1 site (now Crane Clean Energy Center) with support from Microsoft.
Constellation has also completed its acquisition of Calpine, which makes it the U.S.'s largest producer of electricity.
Looking ahead, I wouldn't rule out the possibility of Constellation developing its own next-generation reactors. Like Oklo and NuScale, which are designing small reactors, Constellation could develop its own novel technology to keep up with demand from artificial intelligence (AI) data centers. In fact, CEO Joe Dominguez has already signaled that the company might consider next-generation nuclear plants on existing sites.
Again, Constellation likely won't deliver a start-up-style upside over a 10-year period. But with operating assets and long-term contracts, it look well positioned to grow over the next decade.
Should you buy stock in Constellation Energy right now?
Before you buy stock in Constellation Energy, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Constellation Energy wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $470,587!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,091,605!*
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Steven Porrello has positions in Microsoft and Oklo. The Motley Fool has positions in and recommends Cameco, Constellation Energy, Meta Platforms, and Microsoft. The Motley Fool recommends NuScale Power and recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This Is One of the Best Nuclear Stocks to Hold for the Next 10 Years

For Immediate Release
Chicago, IL – January 20, 2026 – Today, Zacks Investment Ideas feature highlights Taiwan Semiconductor TSM, Cameco CCJ, Energy Fuels UUUU, Centrus Energy LEU, Uranium Energy UEC and GE Vernova GEV.
Best AI Energy Stocks to Buy in 2026 and Hold Forever
Long-term investors and traders must buy stocks that are part of one of the biggest megatrends and supercycles on Wall Street: the AI Energy Trade.
Investors need to cash in on the growing relationship between artificial intelligence and skyrocketing energy and electricity demand, and buy best-in-class stocks and upstarts across nuclear energy, natural gas, solar, battery storage, grid technology and infrastructure, and more.
The AI age is projected to help drive a 25% increase in U.S. electricity demand by the end of the decade and 75% to 100% growth by 2050.
The companies powering the AI age should be part of investors’ long-term portfolios because they stand to win no matter who the actual AI winners are down the road.
Here’s a look at some of the best AI energy stocks (Cameco, GE Vernova) for investors to buy now to start 2026 and hold for the long haul.
Why Investors Should Buy the Stocks Powering AI
Taiwan Semiconductor’s fourth quarter report and guidance confirmed that the AI spending boom remains in full throttle in 2026. The semiconductor manufacturing powerhouse boosted its capex guidance to between $52 billion and $56 billion for this year, blowing away 2025's $40.9 billion.
The maker of AI chips expects its revenue to grow 30% in 2026, with sales set to expand at a CAGR of ~25% from 2024 to 2029.
Total AI hyperscaler capex is projected to hit $530 billion in 2026, up from roughly $400 billion last year.
Global data center infrastructure spending is expected to reach ~$7 trillion by 2030, with $1.3 trillion of this spending going toward power generation and the broader energy industry.
The artificial intelligence arms race and the electrification boom are sending U.S. electricity demand soaring. This is why Amazon, Meta, and the other AI hyperscalers are securing long-term power agreements with nuclear energy firms, natural gas companies, and more.
Big Tech companies and the U.S. government are 100% committed to helping fuel massive energy industry expansion.
The reason is simple: the AI hyperscalers and the U.S. Federal Government won’t let a lack of power hinder the multi-trillion-dollar AI spending spree that’s set to drive the economy and Wall Street.
Meta kicked off 2026 by making three new nuclear energy deals to expand its efforts to power its AI growth around the country. Alphabet closed 2025 by announcing a nearly $5 billion deal to acquire energy infrastructure solutions provider Intersect to “enable more data center and generation capacity to come online, faster, while accelerating energy development and innovation.”
U.S. grid operators are facing a tidal wave of AI data center demand requests that they cannot accommodate as the country faces a massive, nearly overnight energy/electricity demand boom—U.S. electricity demand could soar 75% to 100% by 2050.
This is why the U.S. government is aiming to help quadruple nuclear energy capacity by 2050. Most recently, the Trump administration late last week announced an effort to make AI hyperscalers enter into long-term power deals and help “build more than $15 billion of reliable baseload power generation.”
Buy CCJ and Hold for Long-Term Uranium and Nuclear Growth
Cameco is the second-largest uranium (the fuel for nuclear energy) miner in the world and a leading supplier of refining, conversion, and fuel manufacturing services.
The Canadian company is growing increasingly important to the U.S. as the country attempts to quadruple its nuclear capacity while ending its reliance on Russia and the region, which currently dominates the uranium market.
CCJ also owns 49% of Westinghouse Electric, one of the largest nuclear equipment and services businesses in the world. Westinghouse secured a substantial contract with the U.S. government to assist in the construction of 10 new large-scale nuclear reactors.
Amid this backdrop, Cameco is projected to grow its adjusted earnings by 100% in FY25 and 55% in 2026. The uranium miner’s recent upward earnings revisions earn it a Zacks Rank #1 (Strong Buy) right now.
CCJ stock skyrocketed 800% in the past five years, including a 125% surge in the past 12 months, to help it overtake its 2007 highs. Some investors might want to wait for a pullback to some longer-term moving averages.
Yet, the rapid revival of nuclear power already sent uranium prices to their highest levels in over 15 years in 2024. Despite a pullback, uranium prices are still up roughly 170% since the start of 2021. Plus, uranium demand is set to outstrip supply for years to come.
Cameco trades at an 85% discount to its highs, below the S&P 500, and in-line with the Energy sector in terms of its price/earnings-to-growth (PEG) ratio at 1.3. This relative value comes even though it blew away the benchmark and the Energy sector over the last five and 25 years.
Investors interested in uranium should also consider buying U.S. uranium companies such as Energy Fuels, Centrus Energy and Uranium Energy as the country races to restart its domestic nuclear fuel industry.
Is GEV the Best AI Energy Stock to Buy?
GE Vernova continues cementing its case to be one of the more sure-fire long-term winners in the AI energy trade. The GE spinoff boasts that its customers generate roughly 25% of global electricity via its installed base of technologies across nuclear, natural gas, electrification, and beyond.
GEV has provided nuclear turbine technologies and services for all reactor types for decades. On top of that, it's ready to be one of a few titans of the next generation of nuclear energy, small modular reactors (SMRs), via its GE Vernova Hitachi Nuclear Energy unit and its BWRX-300 SMRs.
GE Vernova is working directly with power companies in the U.S. and Canada to deploy its next-gen SMRs by the early 2030s.
The company is also a natural gas turbine giant. This provides a huge growth runway as the AI hyperscalers race to make natural gas deals while they wait for more nuclear power to come online. GEV’s power conversion, energy storage, and grid solutions are also gaining momentum.
GEV stock briefly broke out of the trading range and was stuck in for the back of 2025 after it raised its long-term financial guidance on December 9. The company said its “electrification backlog will double in the next 3 years,” with its total backlog projected to climb from $135 billion to $200 by year-end 2028.
The AI energy giant's growth outlook empowered GEV to boost its shareholder rewards. GEV in December doubled its quarterly dividend for 2026 and lifted its repurchase authorization to $10 billion from $6 billion.
The gas turbine and nuclear technology standout is projected to grow its adjusted EPS by 31% in FY25 and 82% in FY26 to reach $13.27 a share vs. $5.58 in 2024, based on the most recent Zacks estimates. It is expected to expand its revenue by 6% in FY25 and 14% in 2026 to pull in $42 billion—GEV projects its revenue will reach $52 billion by 2028.
GEV stock has skyrocketed 385% since its April 2024 IPO, crushing Nvidia’s 110% and AI chip manufacturer Taiwan Semi’s 145%. The stock jumped on Friday to climb firmly above its 21-day moving average. It is now on the cusp of returning to its December records heading into its Q4 earnings release on January 28.
Check out the Alternative Energy Innovators service at Zacks for a deeper dive into all the other best-in-class stocks to buy across nuclear, uranium, electrification, solar, and beyond.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
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Uranium Energy Corp. (UEC) : Free Stock Analysis Report
Centrus Energy Corp. (LEU) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Zacks Investment Ideas feature highlights: Taiwan Semiconductor, Cameco, Energy Fuels, Centrus Energy, Uranium Energy and GE Vernova

Long-term investors and traders must buy stocks that are part of one of the biggest megatrends and supercycles on Wall Street: the AI Energy Trade.
Investors need to cash in on the growing relationship between artificial intelligence and skyrocketing energy and electricity demand, and buy best-in-class stocks and upstarts across nuclear energy, natural gas, solar, battery storage, grid technology and infrastructure, and more.
The AI age is projected to help drive a 25% increase in U.S. electricity demand by the end of the decade and 75% to 100% growth by 2050.
The companies powering the AI age should be part of investors’ long-term portfolios because they stand to win no matter who the actual AI winners are down the road.
Here’s a look at some of the best AI energy stocks (Cameco, GE Vernova) for investors to buy now to start 2026 and hold for the long haul.
Why Investors Should Buy the Stocks Powering AI
Taiwan Semiconductor’s TSM fourth quarter report and guidance confirmed that the AI spending boom remains in full throttle in 2026. The semiconductor manufacturing powerhouse boosted its capex guidance to between $52 billion and $56 billion for this year, blowing away 2025's $40.9 billion.
The maker of AI chips expects its revenue to grow 30% in 2026, with sales set to expand at a CAGR of ~25% from 2024 to 2029.
Total AI hyperscaler capex is projected to hit $530 billion in 2026, up from roughly $400 billion last year.
Global data center infrastructure spending is expected to reach ~$7 trillion by 2030, with $1.3 trillion of this spending going toward power generation and the broader energy industry.
The artificial intelligence arms race and the electrification boom are sending U.S. electricity demand soaring. This is why Amazon, Meta, and the other AI hyperscalers are securing long-term power agreements with nuclear energy firms, natural gas companies, and more.
Big Tech companies and the U.S. government are 100% committed to helping fuel massive energy industry expansion.
The reason is simple: the AI hyperscalers and the U.S. Federal Government won’t let a lack of power hinder the multi-trillion-dollar AI spending spree that’s set to drive the economy and Wall Street.
Meta kicked off 2026 by making three new nuclear energy deals to expand its efforts to power its AI growth around the country. Alphabet closed 2025 by announcing a nearly $5 billion deal to acquire energy infrastructure solutions provider Intersect to “enable more data center and generation capacity to come online, faster, while accelerating energy development and innovation.”
U.S. grid operators are facing a tidal wave of AI data center demand requests that they cannot accommodate as the country faces a massive, nearly overnight energy/electricity demand boom—U.S. electricity demand could soar 75% to 100% by 2050.
This is why the U.S. government is aiming to help quadruple nuclear energy capacity by 2050. Most recently, the Trump administration late last week announced an effort to make AI hyperscalers enter into long-term power deals and help “build more than $15 billion of reliable baseload power generation.”
Buy CCJ and Hold for Long-Term Uranium and Nuclear Growth
Cameco CCJ is the second-largest uranium (the fuel for nuclear energy) miner in the world and a leading supplier of refining, conversion, and fuel manufacturing services.
The Canadian company is growing increasingly important to the U.S. as the country attempts to quadruple its nuclear capacity while ending its reliance on Russia and the region, which currently dominates the uranium market.
CCJ also owns 49% of Westinghouse Electric, one of the largest nuclear equipment and services businesses in the world. Westinghouse secured a substantial contract with the U.S. government to assist in the construction of 10 new large-scale nuclear reactors.
Image Source: Zacks Investment Research
Amid this backdrop, Cameco is projected to grow its adjusted earnings by 100% in FY25 and 55% in 2026. The uranium miner’s recent upward earnings revisions earn it a Zacks Rank #1 (Strong Buy) right now.
CCJ stock skyrocketed 800% in the past five years, including a 125% surge in the past 12 months, to help it overtake its 2007 highs. Some investors might want to wait for a pullback to some longer-term moving averages.
Yet, the rapid revival of nuclear power already sent uranium prices to their highest levels in over 15 years in 2024. Despite a pullback, uranium prices are still up roughly 170% since the start of 2021. Plus, uranium demand is set to outstrip supply for years to come.
Image Source: Zacks Investment Research
Cameco trades at an 85% discount to its highs, below the S&P 500, and in-line with the Energy sector in terms of its price/earnings-to-growth (PEG) ratio at 1.3. This relative value comes even though it blew away the benchmark and the Energy sector over the last five and 25 years.
Investors interested in uranium should also consider buying U.S. uranium companies such as Energy Fuels UUUU, Centrus Energy LEU, and Uranium Energy UEC as the country races to restart its domestic nuclear fuel industry.
Is GEV the Best AI Energy Stock to Buy?
GE Vernova GEV continues cementing its case to be one of the more sure-fire long-term winners in the AI energy trade. The GE spinoff boasts that its customers generate roughly 25% of global electricity via its installed base of technologies across nuclear, natural gas, electrification, and beyond.
GEV has provided nuclear turbine technologies and services for all reactor types for decades. On top of that, it's ready to be one of a few titans of the next generation of nuclear energy, small modular reactors (SMRs), via its GE Vernova Hitachi Nuclear Energy unit and its BWRX-300 SMRs.
GE Vernova is working directly with power companies in the U.S. and Canada to deploy its next-gen SMRs by the early 2030s.
Image Source: Zacks Investment Research
The company is also a natural gas turbine giant. This provides huge growth runway as the AI hyperscalers race to make natural gas deals while they wait for more nuclear power to come online. GEV’s power conversion, energy storage, and grid solutions are also gaining momentum.
GEV stock briefly broke out of the trading range was stuck in for the back of 2025 after it raised its long-term financial guidance on December 9. The company said its “electrification backlog will double in the next 3 years,” with its total backlog projected to climb from $135 billion to $200 by year-end 2028.
The AI energy giant's growth outlook empowered GEV to boost its shareholder rewards. GEV in December doubled its quarterly dividend for 2026 and lifted its repurchase authorization to $10 billion from $6 billion.
Image Source: Zacks Investment Research
The gas turbine and nuclear technology standout is projected to grow its adjusted EPS by 31% in FY25 and 82% in FY26 to reach $13.27 a share vs. $5.58 in 2024, based on the most recent Zacks estimates. It is expected to expand its revenue by 6% in FY25 and 14% in 2026 to pull in $42 billion—GEV projects its revenue will reach $52 billion by 2028.
GEV stock has skyrocketed 385% since its April 2024 IPO, crushing Nvidia’s 110% and AI chip manufacturer Taiwan Semi’s 145%. The stock jumped on Friday to climb firmly above its 21-day moving average. It is now on the cusp of returning to its December records heading into its Q4 earnings release on January 28.
Check out the Alternative Energy Innovators service at Zacks for a deeper dive into all the other best-in-class stocks to buy across nuclear, uranium, electrification, solar, and beyond.
#1 Semiconductor Stock to Buy (Not NVDA)
The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow.
One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be.
See This Stock Now for Free >>
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Best AI Energy Stocks to Buy in 2026 and Hold Forever

Key Points
The U.S. is prioritizing nuclear energy to meet growing energy demand, with plans to expand nuclear capacity from 100 GW to 400 GW by 2050.
Cameco is the second-largest uranium producer globally, with high-grade uranium mines in Canada.
It also holds a 49% stake in Westinghouse, a leading supplier of nuclear technology used in nuclear power plants worldwide.
Energy demand is expected to surge in the coming years, driven by artificial intelligence data centers and the electrification and expansion of our manufacturing sectors.
Under President Donald Trump, along with Department of Energy (DOE) Secretary Chris Wright, the U.S. is taking steps to make nuclear energy a national priority. The administration has set a target to expand nuclear capacity from 100 GW to 400 GW by 2050. The DOE recently announced a massive $2.7 billion investment to rebuild the domestic uranium enrichment industry.
Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue »
The nuclear revival marks a notable shift in tone from the previous decade, when nuclear power fell out of favor following the Fukushima meltdown. Many view nuclear power as a crucial source to meet growing energy demands while reducing carbon emissions and increasing the use of cleaner-burning fuels.
This presents an exceptional opportunity for Cameco (NYSE: CCJ), a uranium-mining leader actively engaged across the nuclear sector. Here's why it could be a smart investment today.
Cameco is a major supplier of uranium
Cameco is a dominant force in the nuclear industry and the second-largest uranium producer, behind only Kazatomprom in uranium-rich Kazakhstan. Based in Canada, Cameco is a key provider to Western markets seeking to reduce their dependence on Russian and Kazakh uranium, and it is well positioned as utilities prioritize geopolitical stability over low-cost imports.
The company has investments in some of the world's largest, high-grade uranium mines, including McArthur River and Cigar Lake, located in the Athabasca Basin in northern Saskatchewan. Additionally, it includes Key Lake Mill, the largest uranium mill that processed high-grade ore from the McArthur River mine. Finally, it holds a 40% stake in joint venture Inkai, a low-cost, in-situ recovery operation in Kazakhstan.
Cameco primarily sells uranium under long-term contracts to ensure earnings stability, using a mix of base-escalated prices and market-related mechanisms with floors and ceilings to capture upside when uranium prices rise. To ensure delivery, the company occasionally purchases uranium on the spot market or from its joint venture partner.
Cameco's stake in Westinghouse gives it massive upside potential
Cameco has commitments to deliver an average of about 28 million pounds per year from 2025 through 2029. It is also expected to benefit from rising uranium prices in the coming years, as roughly 60% to 70% of its contracts are market-linked to the spot uranium price.
While rising uranium prices would bode well for Cameco, the company has another important growth driver that offers upside beyond spot uranium prices in the nuclear power buildout. That's because it owns a 49% stake in Westinghouse (Brookfield Renewable Partners owns the remainder), giving it exposure across the nuclear value chain.
Westinghouse is a leader in nuclear technology, providing design and engineering services for approximately half of the world's operating nuclear plants. Its AP1000 is a Generation III+ reactor, the only Gen III+ reactor to use fully passive safety systems (relying on gravity and natural circulation rather than active pumps), and has received U.S. Nuclear Regulatory Commission (NRC) certification.
In addition, the AP1000 operates on standard Low-Enriched Uranium (LEU), and the infrastructure for LEU already exists in the U.S. and among its allies. This contrasts with High-Assay Low-Enriched Uranium (HALEU), the fuel for next-generation reactors, which is currently primarily available from Russia. By focusing on the AP1000, the U.S. can scale up nuclear power immediately without waiting a decade to build a domestic HALEU enrichment industry.
In October, Cameco, Brookfield, and Westinghouse entered into an $80 billion agreement with the U.S. government to address the rapidly growing energy demand and accelerate the nuclear buildout. As part of this deal, the parties aim to construct at least eight new reactors, including Westinghouse's large-scale AP1000 and its small modular reactor (SMR), the AP300.
As part of this agreement, the U.S. government has a profit-sharing mechanism. Once active, the U.S. government is entitled to 20% of all cash distributions by Westinghouse that exceed a cumulative total of $17.5 billion.
A top uranium stock with long-term upside
Cameco stock trades at a high forward price-to-earnings ratio of 72.4 times its projected 2026 earnings, a steep valuation that may make investors hesitant to invest. However, the company has significant upside from here, with analysts projecting earnings-per-share growth of 48% this year and another 33% in 2027.
As the world's second-largest producer and the largest in the Western world, and with its significant stake in Westinghouse, Cameco is in a prime position for the nuclear renaissance. If you're bullish on the long-term future of nuclear energy and its buildout, Cameco is one of the top stocks you can buy today to capitalize on that growth.
Should you buy stock in Cameco right now?
Before you buy stock in Cameco, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Cameco wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $474,578!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,141,628!*
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*Stock Advisor returns as of January 17, 2026.
Courtney Carlsen has positions in Cameco. The Motley Fool has positions in and recommends Cameco. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Is Cameco the Smartest Investment You Can Make Today?

Key Points
Cameco has impressive growth figures and is more narrowly focused on nuclear energy than Duke.
Duke has slower growth but a much better yield and dividend growth track record than Cameco.
Both companies are strong nuclear energy plays, but Duke is the better dividend stock.
Nuclear energy is enjoying a renaissance in the United States. Between artificial intelligence (AI) driving demand, government policy now being heavily in favor of nuclear power, and public perception shifting in its favor, everything is coming up roses for companies involved in splitting the atom.
But it takes years to build a new reactor and, once completed, its useful lifespan is around 40 years, but can be extended to as long as 80. That means any investment in nuclear power is almost necessarily a long-haul investment, which makes many nuclear stocks great options for passive income.
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And two of the top contenders for a nuclear dividend play are Cameco (NYSE: CCJ) and Duke Energy (NYSE: DUK). Now, I hold shares of Cameco, and while I think it's the stronger overall nuclear energy stock, I think Duke is the better dividend play.
Cameco is striking gold by mining uranium
Cameco's business is pretty straightforward. The company mines and refines uranium for use in reactors around the world. It's actually the second-largest uranium miner in the world, behind only Kazakhstan's Kazatomprom. Cameco produced 17% of all the world's uranium consumed in 2024.
Cameco is profitable and growing with a net income margin of 15.18% and a three-year revenue compound annual growth rate (CAGR) of 24.18%. Its stock has positively trounced the S&P 500's return in the past 12 months; it's up 124% at the time of writing.
However, that's not why you hold a dividend stock, and Cameco's dividend leaves a lot to be desired. The company pays an annual dividend of $0.17 per share for a yield of 0.16% at current prices. It has grown that dividend in the past two years, but not by much.
I hold Cameco for the appreciation, not the dividend. And if you're looking for a nuclear dividend, Duke Energy has one of the best yields out there right now.
Duke Energy has the nukes (and a great dividend)
Based in Charlotte, North Carolina, Duke Energy is a major power company in the southeastern and midwestern United States. It operates a diverse array of energy production facilities, including fossil fuel and renewable plants. For this article, I want to highlight its 11 nuclear reactors across six plants in the Carolinas.
Now, it's worth noting that U.S. Census data shows that the southern U.S. is both the most populous and the fastest-growing region in the country. 2024 data indicate 132.6 million people live in the region. And, these states, especially the Carolinas, are seeing some of the fastest population growth in the country. That means secular demand growth for Duke's power aside from any data center construction.
Perhaps that's why, despite Duke's slower revenue growth than Cameco (it has a CAGR of 5.29% over the past three years), it has a comparable net margin of 15.97%. And there's no comparison on the dividend front.
Duke pays out an annual per-share dividend of $4.26, or $1.07 quarterly, which is good for a yield of 3.65% at current share prices. It also has a 15-year history of raising its dividend. Duke's price return for the past 12 months might only be 10%, but that also helps it to maintain an attractive dividend yield.
I like Cameco a lot, but I don't hold it for the dividend, and I'd take a look at Duke if that's what you're interested in.
Should you buy stock in Duke Energy right now?
Before you buy stock in Duke Energy, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Duke Energy wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $474,847!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,146,655!*
Now, it’s worth noting Stock Advisor’s total average return is 958% — a market-crushing outperformance compared to 196% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of January 16, 2026.
James Hires has positions in Cameco. The Motley Fool has positions in and recommends Cameco. The Motley Fool recommends Duke Energy. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Better Nuclear Income Play for 2026: Cameco vs. Duke Energy

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:
Brilliant Earth Group BRLT: This company which, designs, procures, and sells diamonds, gemstones, and jewellery in the United States and globally, has seen the Zacks Consensus Estimate for its current year earnings increasing 16.7% over the last 60 day.
Brilliant Earth Group, Inc. Price and Consensus
GigaCloud Technology Inc. GCT: This company which is a pioneer of global end-to-end B2B ecommerce solutions for large parcel merchandise, has seen the Zacks Consensus Estimate for its current year earnings increasing 16.1% over the last 60 days.
GigaCloud Technology Inc. Price and Consensus
The RMR Group RMR: This company which primarily provides management services to publicly owned real estate investment trusts and real estate operating companies, has seen the Zacks Consensus Estimate for its current year earnings increasing 7.3% over the last 60 days.
The RMR Group Inc. Price and Consensus
CarMax KMX: This company which is the largest retailer of used vehicles in the United States, has seen the Zacks Consensus Estimate for its current year earnings increasing 6.4% over the last 60 days.
CarMax, Inc. Price and Consensus
Ooma OOMA: This company which provides communications solutions and other connected services to small business, home and mobile users, has seen the Zacks Consensus Estimate for its current year earnings increasing 5.2% over the last 60 days.
Ooma, Inc. Price and Consensus
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

New Strong Buy Stocks for January 15th

Key Points
Data centers already consume 1.5% of all global electricity.
The AI-driven demand for electricity has grown at a rate of 12% over the last several years.
Big tech companies are investing heavily in nuclear energy to meet future power needs.
If you're following the artificial intelligence (AI) industry, you'll find that most of the talk about companies that aren't involved in creating AI programs directly is focused on chipmakers like Nvidia and Taiwan Semiconductor Manufacturing.
However, I think that the next phase of the AI boom will see nuclear energy stocks take center stage.
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See, it takes an incredible amount of power to run a data center or train a new AI program. According to the International Energy Agency (IEA), power consumption from data centers today amounts to 1.5% of total global electricity. And it's grown at a rate of 12% per year over the past five years.
That energy consumption growth is set to accelerate to 30% percent a year in the IEA's base case projection.
Point blank, we have a power problem, and nuclear energy is one possible solution to it.
AI is going nuclear
The Department of Energy reports that nuclear plants can operate at full capacity 92% of the time, which makes them one of the most reliable sources of electricity. It also avoids about 430 million metric tons of carbon dioxide emissions, or the equivalent of 95 million cars on the road each year.
Tech companies like Microsoft and Alphabet are aware of this fact and have been contracting with nuclear energy producers to resurrect old plants for the purpose of powering their data centers. More on that in a moment. And new small modular reactors (SMRs) allow for data centers to have their own independent nuclear power grid.
The Nuclear Energy Index is up 88% compared to the same time last year, and I think this is just getting started. So, let's look at three of the leaders in the nuclear-AI surge.
Contellation Energy is partnering with some big AI names
Constellation Energy (NASDAQ: CEG) is America's largest nuclear energy producer and its largest producer of green energy. The Baltimore-based heavyweight in the industry makes an obvious choice for tech giants looking to save a buck by splitting an atom.
That's likely why Microsoft selected Constellation to be its partner in resurrecting the Three Mile Island plant in Pennsylvania as the Crane Clean Energy Center. The $3 billion deal will also see Microsoft purchase electricity from the plant for the next 20 years.
The Department of Energy also pitched in to the tune of $1 billion, which it has loaned to Constellation. The plant is slated to start soon, in either 2028 as projected by Constellation or potentially in 2027.
But just as Microsoft is far from the only horse in the AI race, Constellation isn't the only power company breathing new life into America's nuclear capacity.
NextEra has a place in the next era of nuclear energy
NextEra Energy (NYSE: NEE), another major nuclear energy player in the United States, was tapped by Alphabet to bring Iowa's Duane Arnold Energy Center, Iowa's only nuclear power plant, back online by 2029.
The $1.6 billion deal will see Alphabet buy electricity from the plant over the next 25 years and establishes a long-term partnership between NextEra and Alphabet to explore the deployment of more nuclear energy projects across the country.
Alphabet seems particularly interested in expanding its energy access. In December 2025, it acquired Intersect, a data center energy infrastructure company, for $4.75 billion in cash. So it's a good partner for NextEra to have if it's aiming to expand its nuclear operations.
Finally, nuclear power plants need fuel. And uranium, the yellow rock with unstable atoms, is that fuel.
Cameco has exposure to almost the entire nuclear fuel cycle
Cameco (NYSE: CCJ), based in Vancouver, is the world's second-largest uranium producer behind only Kazakhstan's state-run Kazatomprom. It produced 17% of all the world's uranium supply in 2024, compared to its Kazakh rival's 19%.
What's more, the company has some of the highest-quality uranium reserves on the planet. Its Cigar Lake Mine is the world's highest-grade uranium mine, and McArthur River is the largest high-grade uranium mine globally. That means Cameco's uranium needs less refining to be usable as fuel than the competition's.
Finally, consider that Cameco holds a 49% stake in Westinghouse, an engineering company that produces the AP1000, the most advanced nuclear reactor on the market today. That sets Cameco up with exposure to almost the entire nuclear fuel cycle. And the U.S. government recently committed $80 billion to acquire several new AP1000 reactors.
Put all that together, and you have a strong contender for an investment in the AI-driven nuclear renaissance.
Clean energy, clean AI, clean conscience
While chips and data centers are the most obvious infrastructure needs for AI, don't forget that we will need to power those chips and data centers somehow. And it seems that big tech is betting on atomic power, a very efficient and relatively clean way to do it.
Will you follow suit?
Should you buy stock in Constellation Energy right now?
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James Hires has positions in Alphabet and Cameco. The Motley Fool has positions in and recommends Alphabet, Cameco, Constellation Energy, Microsoft, NextEra Energy, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Indicator	TTM Median
P/E	85.93 13.68
Price/Sales	12.96 1.31
P/B	7.70 1.36
P/FCF	53.64 9.36

Indicator	TTM Median
ROE	8.28 14.19
ROA	5.60 6.72
ROI	7.11 8.42
Net Worth	37.90 1.74
Quick Ratio	1.85 1.04
Current Ratio	2.96 1.23

Indicator	TTM Median
Net Profit Margin	15.01 14.72
Operating Margin	17.74 21.32
Gross Margin	36.21 49.32
Return on tangible equity	8.06 17.43

Indicator	TTM Median
EPS	0.11 0.37
EPS Forecast	0.18 0.32
Revenue	634.00M 210.00M
Gross Profit	248.00M —
EBITDA	184.00M —

Cameco Corporation

TTM metrics for the latest quarter under IFRS and their historical dynamics

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