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
Cameco is rising on a confluence of factors today. Reason No. 1: The Federal Reserve may lower interest rates.
Also working in Cameco's favor are two recent price target hikes from Wall Street.
Finally, uranium prices are on the rise.
Shares of Cameco (NYSE: CCJ), a Canadian uranium mining company, jumped 3.9% through noon ET on Friday -- and the reason is anybody's guess.
That's not to say there's no reason for Cameco stock to be up today. Rather, there are multiple reasons -- and you can take your pick which one you favor.
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Reason 1: The Fed
The biggest reason, and the reason why most stocks are going up today, is glaringly obvious. Out in Wyoming, at the Jackson Hole Federal Reserve conference, Fed Chair Jerome Powell just told investors that because of a weakening economic outlook and tepid job growth, the Fed might decide to lower interest rates in September as investors, and President Donald Trump, have been asking it to do.
Interest rate hikes are generally considered good for stocks and, well, Cameco is a stock.
Reason 2: Wall Street
Two different analysts have raised their price targets for Cameco stock over the past two days. According to StreetInsider.com, Raymond James hiked Cameco stock to 120 Canadian dollars yesterday, and today, National Bank Financial hiked it to CA$115.
Neither bank gave us much of an explanation for hiking, but I think we can guess.
Reason 3: Uranium price
Uranium prices that plummeted in late June have been gradually rising ever since, and are currently up $3 per pound from their July 18 low. This is of course good news for a uranium stock like Cameco.
Is Cameco stock a buy?
Still, both prices and demand have to grow a lot to make this stock a buy. Cameco shares currently cost some 47 times trailing free cash flow, and their price-to-earnings ratio is an astounding 80.
To me, that sounds kind of expensive, but apparently I'm in the minority on that view today.
Should you invest $1,000 in Cameco right now?
Before you buy stock in Cameco, consider this:
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Rich Smith has no position in any of the stocks mentioned. The Motley Fool 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.

Why Cameco Stock Popped Today

Key Points
Energy Fuels stock tumbled today on no obvious bad news -- either for it or for uranium stocks in general.
Energy Fuels stock is not currently profitable, but it might turn profitable next year.
Other atomic stocks with worse prospects for profits are performing better today.
Energy Fuels (NYSEMKT: UUUU) stock collapsed Tuesday, falling 17.4% through 11:45 a.m. ET on no obvious bad news. To the contrary, the latest news for uranium stocks in general (and presumably for Energy Fuels in particular) looks rather good.
According to the energy experts at OilPrice.com, "Uranium prices and nuclear equities are surging as tight supply, underbuilt production pipelines, and policy-driven nuclear revival create a structural supply deficit."
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So what's ailing Energy Fuels stock today?
Uranium prices still strong
The most obvious likely culprit for a decline in stock price at a company that mines uranium would be a decline in the price of uranium. But in fact, according to data from TradingEconomics, uranium prices are doing just fine.
True, after approaching a recent high near $80 per pound back in June, uranium prices "corrected" sharply lower in early July. But the price of uranium has slowly been moving back up ever since and recently passed $73 a pound.
Regardless, shares of not just Energy Fuels but also of rivals Cameco (NYSE: CCJ) and Denison Mines (NYSEMKT: DNN) are down today -- though the others aren't down as much as Energy Fuels stock is.
Is Energy Fuels stock a buy?
Also noteworthy is that Denison in particular received price target hikes from multiple investment banks yesterday. This is curious because, while both Denison and Energy Fuels stocks are currently unprofitable, analysts polled by S&P Global Market Intelligence think Energy Fuels stock will turn profitable next year, but Denison isn't expected to earn a profit again until 2029.
Call me a traditionalist for preferring profitable stocks over unprofitable stocks, but that kind of makes me think today's unexplained sell-off could make this a good time to buy some Energy Fuels stock.
Should you invest $1,000 in Energy Fuels right now?
Before you buy stock in Energy Fuels, 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 Energy Fuels 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 $671,466!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,115,633!*
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Rich Smith has no position in any of the stocks mentioned. The Motley Fool 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.

Why Did Energy Fuels Stock Get Clobbered Today?

Below is Validea's guru fundamental report for CAMECO CORP (USA) (CCJ). Of the 22 guru strategies we follow, CCJ rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhibit characteristics associated with sustained future growth.
CAMECO CORP (USA) (CCJ) is a large-cap growth stock in the Metal Mining industry. The rating using this strategy is 66% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of CAMECO CORP (USA)
More Information on Partha Mohanram
About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Sometimes research that changes the investing world can come from the halls of academia. Partha Mohanram is a great example of this. While academic research has shown that value investing works over time, it has found the opposite for growth investing. Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. His research paper "Separating Winners from Losers among Low Book-to-Market Stocks using Financial Statement Analysis" looked at the criteria that can be used to separate growth stocks that continue their upward trajectory from those that don't. Mohanram is currently the John H. Watson Chair in Value Investing at the University of Toronto and was previously an Associate Professor at the Columbia Business School.
Additional Research Links
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Guru Fundamental Report for CCJ

The Unquenchable Need for AI Energy
According to the World Economic Forum, AI’s computational power needs are soaring, doubling roughly every 100 days. Data center power was just 88 gigawatts in 2022. However, thanks to the buildout of massive data centers (used to train large language models like ‘ChatGPT’) by big tech juggernauts like Alphabet (GOOGL), Microsoft (MSFT) and Meta Platforms (META) that number is expected to increase to more than 300 GW by the end of the decade.
China Vs. US: The Battle for AI Supremacy
It’s no secret to investors that the United States and China have the most significant economic and defense rivalry globally. Each year, the rivalry intensifies, and the AI revolution will only escalate the stakes. Artificial Intelligence is such a groundbreaking technology that whichever country wins the AI race, likely wins the race for superior defense, a robust economy, and global domination.
In past cycles, America’s free market capitalist system has proven to be the best framework for producing technology and new innovations. The US dominated the internet boom, software, and several other industries. While most Wall Street analysts agree that the US is off to an early and slight lead in the AI race, China is hot on their heels. In addition, one critical element threatens the United States’ AI supremacy: energy.
China Dominates Energy Production
Last year, China generated more than 10k terawatt-hours (TWh) of electricity, dominating the US. China currently produces more than the combined output of the US, EU, and India. Meanwhile, China isn’t slowing down its production and continues to produce energy at a blistering pace, with forward projections suggesting that China will produce the equivalent of the US power grid each year!
Image Source: Our World in Data
The Big Beautiful Bill Will Spur Nuclear Demand
The massive and multi-faceted ‘Big Beautiful Bill’ was recently signed into law by President Trump. Nuclear will benefit dramatically from the bill for two reasons:
· US Debt will Soar: The Congressional Budget Office estimates that the BBB will add $3.4 trillion to the US deficit over the next decade. With the deficit set to soar, the US will have no choice but to fully embrace AI and “grow the country out of debt.” (More on that later)
· Solar Subsidies will be Removed: The loss of solar subsidies in the BBB will lead to a natural market force toward cheap and clean nuclear power.
US Seeks to Remove Nuclear Red Tape
US Energy Secretary Chris Wright sent nuclear-related stocks soaring Monday after he posted to social media a message that read:
“Let’s talk nuclear energy: the energy-dense, always-ON energy source that we’ve smothered for decades with regulatory red tape. Under the Trump administration, you’re going to truly see the launch of the nuclear renaissance. The coming years will be HUGE.”
Several uranium, energy storage, and nuclear-related stocks spiked on heavy trading volume after the news, including Cameco (CCJ), Centrus Energy (LEU), NuScale Power (SMR), and Eos Energy Enterprises (EOSE). In addition, Oklo (OKLO), a small modular reactor company where Chris Wright once sat on the board of directors, continued its breathtaking multi-month advance and broke out of a powerful bull flag chart pattern.
Image Source: TradingView
Bottom Line
The race for AI supremacy is intrinsically linked to energy production capabilities. If the US wants to win the AI race, it will have to embrace nuclear in a big way.
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Nuclear's Moment: Securing US AI Supremacy

(1:00) - President Trump's Recent Executive Order on Nuclear Power
(8:05) - Big Tech's Push into Nuclear Energy
(14:30) - Supply and Demand for Uranium and the Long-Term Impact
(32:50) - Episode Roundup: NUKZ, NLR, URAN, URNM, URA
In this episode of ETF Spotlight, I speak with Tim Rotolo, Founder and CEO of Range Fund Holdings, about investing in the nuclear renaissance, which is being driven primarily by the artificial intelligence boom.
President Trump’s recent executive orders on nuclear power outline a sweeping agenda to quadruple U.S. nuclear capacity by 2050 and prioritize American leadership in nuclear technology globally.
The renewed interest in nuclear energy is largely fueled by Big Tech’s push into the sector, as AI data centers require massive amounts of energy. To meet their sustainability goals, many tech giants are increasingly exploring nuclear energy as a solution.
Companies like Microsoft MSFT, Amazon AMZN, Google GOOGL, and Meta META are investing heavily in nuclear power projects, including small modular reactor (SMR) development and the revitalization of existing nuclear plants. They are also entering into long-term agreements for nuclear power.
Building nuclear power plants is notoriously expensive and time-consuming. That’s why there is growing interest in SMRs, which are typically manufactured in factories and can reduce construction time and costs. When will we start seeing SMRs more widely adopted?
Nuclear fusion is often called the "holy grail" of energy because it promises a virtually limitless, clean, and safe source of power by replicating the process that fuels the stars. However, no one has yet made fusion power commercially viable.
The Range Nuclear Renaissance Index ETF NUKZ holds companies in the nuclear fuel and energy industry. Cameco CCJ, Constellation Energy Corporation CEG, and Oklo OKLO are among its top holdings.
Investors might also consider the Global X Uranium ETF URA, VanEck Uranium+Nuclear Energy ETF NLR, and Sprott Uranium Miners ETF URNM.
Tune in to the podcast to learn more.
Make sure to be on the lookout for the next edition of ETF Spotlight! If you have any comments or questions, please email podcast@zacks.com.
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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.

Investing in AI-Fueled Nuclear Resurgence

An updated edition of the May 16, 2025, article.
Nuclear energy is emerging as a crucial solution for meeting the growing global demand for electricity while supporting the transition to cleaner energy sources. Unlike solar and wind, which are dependent on weather conditions, nuclear power offers a steady and reliable supply of clean energy around the clock.
On May 23, 2025, the U.S. President issued four executive orders designed to strengthen the nation's nuclear energy sector. These directives outline initiatives to modernize regulatory frameworks, accelerate the testing and approval of nuclear reactors, utilize nuclear technology for national security purposes, and grow the domestic nuclear industrial base. The goal is to scale up America’s nuclear energy capacity from nearly 100 gigawatts (“GW”) in 2024 to 400 GW by 2050.
With this increasing importance, nuclear energy-related stocks, such as Entergy Corporation ETR, Dominion Energy D and Constellation Energy Corporation CEG, are becoming attractive investment options. Unlike other clean energy sources that struggle with intermittency, nuclear power plants deliver a steady output, operating continuously except during scheduled maintenance periods.
According to the International Energy Agency (IEA), with strong government support and alignment with the Net Zero Emissions by 2050 Scenario, annual investment in nuclear energy is projected to surpass $150 billion by 2030, up from the current $65 billion. Installed nuclear capacity could exceed 1,000 gigawatts by 2050. The IEA also notes that large nuclear reactors will account for most of the production, while small modular reactors (SMRs) are expected to see substantial growth as well.
The demand for clean electricity is rapidly increasing, driven by factors such as industrial expansion, urbanization, rising global temperatures that boost air conditioner use, the development of large artificial intelligence-powered data centers, and the growing adoption of electric vehicles. Compared to other clean energy sources, nuclear power plants require significantly less land to generate the same amount of electricity. While all conventional energy sources produce waste during electricity generation, nuclear energy stands out as the only one that systematically manages and safely stores its waste.
Electricity is produced from nuclear power plants through nuclear fission. Nuclear fuel, primarily uranium, undergoes fission, a process where atoms split, releasing a tremendous amount of heat energy. A continuous supply of uranium is quite essential for the production of electricity from nuclear power plants. Companies like Cameco Corporation CCJ and BHP Group Limited BHP produce large volumes of uranium needed for power plants.
Nuclear Energy stocks have huge potential in the energy space and can offer significant growth opportunities for investors. Our Nuclear Energy Screen makes it easier for investors to locate high-potential stocks at any given time. Apart from the stocks mentioned above, investors can also explore stocks like Duke Energy DUK and NextEra Energy NEE for further growth in the nuclear energy space.
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3 Nuclear Energy Stocks to Watch Now
Entergy Corporation’s nuclear energy portfolio is supporting its long-term growth strategy and transition to cleaner energy. As of 2024, the company’s four major nuclear plants generate nearly 8 GW, accounting for around 27% of its total power capacity. Entergy is actively pursuing license extensions and system upgrades at these facilities, targeting an additional 275 MW through uprates. These enhancements not only increase generation but also highlight Entergy’s ongoing commitment to delivering stable, carbon-free baseload electricity.
Entergy is advancing its exploration of next-generation nuclear technologies to further reduce emissions. The company has secured a permit in Mississippi for a potential new reactor site and is trying to engage with industrial clients and technology firms, particularly those in the AI and data sectors, on potential partnerships for deploying small modular reactors (SMRs). These collaborations are aimed at jointly addressing the financial and regulatory challenges of next-gen nuclear projects.
Entergy’s nuclear expansion is gaining traction amid rising electricity demand from AI-driven industries and large-scale data centers. Tech giants like Meta and Amazon are increasingly turning to nuclear as a reliable, low-emission power source and have entered into long-term energy supply agreements with Entergy. Backed by strong market demand and a forward-looking strategy, Entergy’s nuclear efforts are well-positioned to support both regional energy reliability and the broader push toward U.S. decarbonization targets.
This Zacks Rank #2 (Buy) company intends to invest $37 billion during the 2025-2029 period to fund the company's generation fleet transition and grid modernization, and expand its zero-carbon generation portfolio.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Dominion Energy remains dedicated to delivering reliable, affordable, and increasingly clean electricity to its customers. The company operates four nuclear power stations, which collectively produce nearly 40% of its total energy output. These plants form a key part of Dominion’s generation portfolio, offering a stable, carbon-free source of baseload power that helps maintain grid reliability while reducing emissions.
Beyond maintaining its current nuclear assets, D is also exploring next-generation technologies to support future growth. A major focus is on small modular reactors (SMRs), which provide several benefits over traditional nuclear facilities, including enhanced safety, lower capital costs, and faster deployment. As demand for electricity rises — driven by trends such as electric vehicle adoption and data center expansion — SMRs could offer a scalable, clean energy solution aligned with Dominion's long-term environmental objectives.
Dominion Energy advances toward its 2050 net-zero carbon target, and nuclear power provides a consistent, emission-free foundation that complements the intermittent nature of renewable sources like solar and wind. Through continued investment in both current and future nuclear technologies, the company is positioning itself to lead in the transition to a more sustainable energy future. By modernizing current facilities and this Zacks Rank #3 (Hold) company is investing in innovative technologies, Dominion Energy is working to ensure a resilient and low-carbon energy system for the future.
Constellation Energy is the largest nuclear power plant operator in the United States, accounting for around 10% of the nation’s total clean energy production. With a fleet of more than 20 reactors across the Midwest, Mid-Atlantic, and Northeast, the company plays a critical role in supplying dependable, carbon-free electricity. Its robust nuclear infrastructure allows Constellation Energy to meet rising demand from power-intensive sectors like data centers. As the top operator of merchant nuclear facilities, Constellation Energy benefits from broad geographic coverage and operational scale that few competitors can rival.
Beyond electricity generation, the company has taken proactive measures to ensure long-term nuclear fuel security. It has locked in multiple uranium supply contracts that extend through the 2030s, helping to mitigate risks from global geopolitical uncertainties. Constellation Energy continues to modernize its nuclear plants, improving performance and extending their operational life. With a fleetwide capacity factor exceeding 94% — significantly above industry averages — the company consistently demonstrates high levels of reliability and efficiency.
Constellation Energy is continuously investing to expand its nuclear capacity in response to accelerating demand for clean energy. Currently carrying a Zacks Rank #3, the company is upgrading its existing facilities and evaluating the addition of up to one gigawatt of new carbon-free energy capacity over the next 10 years. It is also actively pursuing next-generation nuclear technologies that could drive even greater efficiency and sustainability in the years to come.
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Surging Clean Energy Demand Sparks Renewed Focus on Nuclear Stocks

Energy policy, particularly regarding renewables and nuclear energy, tends to behave like an oil tanker; it takes a long time to turn around, but when it does, it gains significant momentum.
That's how investors might view investing in the nuclear industry, particularly a company like Cameco (NYSE: CCJ), which specializes in uranium, fuel services, and nuclear power technology and services. Here's why the stock makes sense for long-term investors now.
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Why nuclear power is a great investment
This may seem like a peculiar argument, but hear me out. Nuclear power will grow precisely because policymakers will continue to favor investment in renewables. The argument rests on the idea that atomic power complements renewable power.
It is complementary in three significant ways. First, they both use zero-carbon emission fuels. Second, they both enable energy security, as they don't rely on fossil fuels obtained elsewhere. Third, and most importantly, nuclear helps compensate for the fundamental intermittency of renewable energy.
Nuclear power is reliable
To illustrate the last point, here are U.S. Department of Energy figures for capacity factor (the power a plant produces compared to its maximum potential during a period without interruption). Nuclear power is so reliable that it produced 18% of the electricity in the United States in 2023 despite accounting for only 8% of the country's total capacity.
Energy Source
Capacity Factor
Nuclear
92.3%
Geothermal
59.9%
Natural Gas (combined cycle)
42.6%
Coal
34.5%
Hydroelectric
34.3%
Wnd
23.4%
Solar
17.2%
That reliability is driving investment in nuclear energy, even as investment in renewable energy grows, such that its reliability offsets the intermittency of renewable energy. All of this is excellent news for Cameco, a company that's positioning itself as the leading pure-play investment in nuclear energy.
Its mix of uranium production, refining, and conversion services for reactors, along with a 49% stake in the nuclear power services company Westinghouse, makes it a go-to investment option for the growth of the nuclear industry.
Should you invest $1,000 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 $689,813!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $906,556!*
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Lee Samaha has no position in any of the stocks mentioned. The Motley Fool 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.

Prediction: Cameco Will Soar Over the Next 10 Years. Here's 1 Reason Why.

Energy is the lifeblood of the global economy, powering transportation, industry, homes, and now the data centers that run today's advanced artificial intelligence (AI) operations. As the U.S. strives for greater energy independence and a more resilient power grid, a diverse mix of oil, gas, nuclear, and renewable energy sources is crucial. Nuclear power is regaining momentum as a zero-carbon baseload source, while AI-driven electricity demand is reshaping grid priorities.
In this evolving landscape, smart energy investments span legacy giants, infrastructure leaders, and next-gen innovators. Here are five energy stocks taking advantage of this increased demand.
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1. Chevron
Chevron (NYSE: CVX) is an oil and gas giant that offers investors a smart way to play the upside in higher oil prices, but with more stability around its exploration and production efforts. The company has upstream operations (exploration and production) and downstream (refining and marketing) segments, providing it with resilience across oil price cycles.
The company has used its windfall in recent years to bolster its balance sheet and return a substantial amount of capital to shareholders through dividends and stock buybacks. In the past 12 months, Chevron spent $11.8 billion on dividends and another $16.1 billion buying back stock.
Recent years have been less favorable to the company, as oil prices have declined slowly. However, geopolitical tensions, including the recent Israel-Iran conflict, could potentially lead to higher oil prices.
Income investors could earn a yield of 4.6%, and the company has increased its payout annually for 38 consecutive years, showing how the balanced business is resilient amid oil and gas price fluctuations.
2. Enterprise Products Partners
Enterprise Products Partners (NYSE: EPD) is a midstream master limited partnership (MLP) with an extensive network of pipelines, storage facilities, and processing assets that cover oil, natural gas, and natural gas liquids (NGLs). Its contract and fee-based revenue model provides strong visibility into future cash flows and helps shield the company from fluctuations in commodity prices to some extent.
Enterprise has a solid track record of consistent distribution growth, currently yielding over 6.9%. This is supported by conservative payout ratios and low leverage. Its vertically integrated structure allows for margin capture across various segments, and ongoing expansion projects in petrochemicals and export terminals serve as additional growth catalysts.
3. Cameco
Cameco (NYSE: CCJ) is one of the world's largest uranium producers and is a pure play for investors looking to bet on the nuclear renaissance. As countries seek to address growing energy demand while lowering carbon options, demand for nuclear energy is rising and supply remains tight due to years of underinvestment and production cuts.
Cameco benefits from long-term contracts with price escalation clauses and owns stakes in high-grade assets, such as Cigar Lake and McArthur River. Its joint venture with Brookfield Renewable Partners in Westinghouse adds vertical integration into fuel services and reactor tech.
What makes Cameco appealing are its long-term contracts with utility companies, which provide it with a reliable buyer and a visible source of future revenue. Cameco has arrangements to provide an average of 28 million pounds of uranium annually through 2029.
With spot uranium prices rising and geopolitical concerns limiting supply (especially from Russia and Kazakhstan), Cameco is positioned for strong margin expansion. It also has properties in Saskatchewan and Australia with significant uranium deposits, allowing it to expand as demand for nuclear energy grows.
4. Constellation Energy
Constellation Energy (NASDAQ: CEG) is the largest U.S. producer of carbon-free electricity, primarily through its nuclear facilities, which account for over 86% of its output.
Constellation has predictable earnings through capacity markets and long-term power contracts, and it operates with relatively low fuel and operational costs. Its clean energy profile appeals to clean energy investors, and it's exploring hydrogen and storage as long-term growth avenues. It also benefits from policy tailwinds and rising demand for reliable, clean power from AI and data centers.
Last year, Microsoft entered into a power purchase agreement with Constellation, committing to buy nuclear energy to power its data centers. This month, Meta Platforms agreed to purchase 1.1 gigawatts of power from Constellation's clean energy center in Illinois.
Constellation is well-positioned as a top carbon-free energy provider, and more technology companies could turn to it to power their growing needs. Its large nuclear plant footprint and renewable focus position it well for the next several decades.
5. NuScale Power
NuScale Power (NYSE: SMR) is a speculative but potentially transformational play on nuclear energy via small modular reactors (SMRs). Unlike traditional large-scale plants, SMRs offer the potential for lower upfront costs, faster build times, and improved scalability, making them attractive for utilities and off-grid applications.
NuScale is developing an SMR power station in Romania, targeting a launch date of 2029. Not only that, but it now has two design approvals certified by the U.S. Nuclear Regulatory Commission, giving it first-mover advantage, which should help it as it looks to lock in contracts with prospective customers.
That said, project delays, cost overruns, and its cash burn remain a concern, especially since it is years away from commercial operations. This all makes NuScale a risky stock. But if it executes, its SMR technology could play a pivotal role in supplying much-needed energy in the coming decades.
Should you invest $1,000 in Chevron right now?
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The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Chevron 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 $676,023!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $883,692!*
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Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Courtney Carlsen has positions in Cameco, Chevron, and Microsoft. The Motley Fool has positions in and recommends Chevron, Constellation Energy, Meta Platforms, and Microsoft. The Motley Fool recommends Brookfield Renewable, Cameco, Enterprise Products Partners, and 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.

Here Are My Top 5 Energy Stocks to Buy Now

Shares of Cameco (NYSE: CCJ) have been on a rocket ride over the past three months or so, gaining a massive 50%-plus in a very short period of time. Is that a warning sign that Wall Street is baking in overly optimistic expectations or is the miner set to see a material improvement in its business over the coming years? There's a lot to unpack before you run out and buy Cameco stock right now.
What does Cameco do?
At its core, Cameco is a miner. Mining is a very capital-intensive business, given the cost of finding good places to build a mine, getting the approval to build a mine, building and operating a mine, and then, ultimately, returning the mine site back to its original state once the mine is closed. Complicating things a great deal is the fact that most miners produce commodity products, so their revenue and earnings are heavily impacted by often volatile commodity prices.
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Cameco is no different from other miners in this regard. But the uranium it mines does set it apart from the pack in some important ways. For starters, uranium is the fuel that powers nuclear power plants. So Cameco's fortunes are tightly tied to the nuclear power industry's ups and downs. Given the high-profile nature of nuclear plant disasters, that can be a very negative thing at times. And the bad times tend to linger until the fear over the risks of nuclear power disasters subsides.
That said, nuclear power happens to produce energy without producing greenhouse gases. In other words, it is a source of clean energy. Nuclear power is also capable of running at full nameplate capacity on an ongoing basis, making it a great complement to intermittent power sources like solar and wind. Given the ongoing shift in the world toward cleaner power options, nuclear power is seeing something of a renaissance. (The fact that the last nuclear power plant meltdown happened in 2011, quite some time ago at this point, is also a big help.)
Cameco tries hard to be reliable
At the same time, Cameco can't avoid the fact that the price of the commodity it sells has a major impact on the way Wall Street views its business. With nuclear power seen as an increasingly important power source, uranium prices have benefited. And so, too, has Cameco's stock price. The tie between uranium prices and Cameco's stock price will likely never change, so a significant drop in uranium prices would lead to a big drop in Cameco's stock price, too.
If you buy Cameco stock today you need to believe that the nuclear power industry is set to expand over the long term. And, thus, demand for uranium will remain strong over the long term and keep uranium prices high. If you don't go in with that belief you could be let down over the short term as commodity prices wax and wane, just like any other commodity, over shorter periods of time.
However, there is something important about Cameco's business model that is worth highlighting. It doesn't sell uranium at the spot price, it signs long-term supply contracts. This helps to soften the blow from uranium price declines, though it can also limit the upside when uranium prices rise.
And Cameco recently bought a non-controlling stake in Westinghouse, a service provider to the nuclear power industry. The revenues this business generates should be more consistent over time than uranium prices. In other words, Cameco is doing what it can to ensure its business is resilient to the typical ups and downs of a commodity business.
Think carefully before buying Cameco
The truth is, Cameco probably won't be a great fit for most investors. You can get indirect exposure to nuclear power via an investment in a reliable dividend-paying utility like Southern that will expose you to much less risk.
However, if you think nuclear power is set to grow in the years ahead, Cameco is a solid "pick-and-shovel" play on the sector. Just go in knowing that volatility is the norm, with 50% price increases coming along with the risk of similar price drawdowns.
Should you invest $1,000 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 $664,089!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $881,731!*
Now, it’s worth noting Stock Advisor’s total average return is 994% — a market-crushing outperformance compared to 172% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor.
*Stock Advisor returns as of June 9, 2025
Reuben Gregg Brewer has positions in Southern Company. The Motley Fool 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 Stock a Buy Now?

President Donald Trump, committed to facilitating a rebirth of America's nuclear energy industry, issued four executive orders in late May. From expediting the licensing process for nuclear reactors to examining the potential for nuclear fuel recycling, Trump addressed a range of issues that had hindered the industry's growth for years.
With enthusiasm for the nuclear energy industry surging through Washington, many are eager to find stocks that can benefit from the industry's apparent renaissance. For these investors, NuScale Power (NYSE: SMR), Constellation Energy (NASDAQ: CEG), and Cameco (NYSE: CCJ) look like smart choices to power their portfolios.
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NuScale Power has a large advantage with its small modular reactors
Long gone are the days of massive nuclear power plants that require enormous capital investments and take years to construct. Nowadays, companies like NuScale Power are developing small modular reactors (SMRs) that offer a variety of advantages over conventional nuclear power plants.
For one, SMRs require considerably smaller footprints, making them more attractive to project developers, which can scale these reactors to their individual site's needs. And SMRs have improved safety profiles including the ability to shut down and self-cool indefinitely, unlike traditional nuclear power plants. Among other advantages, NuScale's SMRs are built in a factory, which helps to keep costs down and expedite project development.
With $491 million in cash and no debt, the company is on strong financial footing, an appealing situation for those looking to balance a quality growth stock that's not rife with risk. To state its competitive advantage over other SMR providers, NuScale Power says that it's the only near-term deployable SMR company with design approval from the U.S. Nuclear Regulatory Commission.
Shoot for the stars with utility powerhouse Constellation Energy
While Constellation Energy's portfolio includes about 10 gigawatts (GWs) of natural gas, oil, hydroelectric, wind, and solar generation assets, it's nuclear energy that represents the lion's share of its generating capacity -- about 21 GWs, or enough power to meet the demands of 16 million homes.
The company's nuclear assets caught the attention of Microsoft in 2024, and the two inked a 20-year power purchase agreement (PPA) that will see the tech company purchase power in support of its data centers, generated from the restart of operations at the Three Mile Island plant, now dubbed the Crane Clean Energy Center.
More recently, Meta Platforms showed its enthusiasm for nuclear energy as a power source for its growing AI-related operations. Earlier this month, Meta and Constellation signed a 20-year PPA for nuclear energy that will be generated at the Clinton Clean Energy Center in Illinois.
The deals that Constellation inked with Microsoft and Meta are merely two small examples of the vast investments that AI companies are making to support their data centers. And it wouldn't be all that surprising if Constellation Energy announces similar deals with AI leaders that recognize the allure of nuclear energy as a route to meeting the steep power demands that AI computing requires.
Fuel your portfolio with uranium producer Cameo
Interest in developing new nuclear power plants is great, but it means little if there's no uranium to fuel said power plants. That's where Cameco comes in. The company is the largest uranium producer based on market capitalization found on American stock exchanges.
Operating throughout the nuclear fuel value chain, Cameco is involved in exploratory activities as well as uranium refining and fuel manufacturing services.
And with one of President Trump's executive orders stating specifically that "It is the policy of the United States to expedite and promote to the fullest possible extent the production and operation of nuclear energy..." Cameco clearly stands to benefit as the pathway for developing uranium assets, and other potential regulatory hurdles may be less burdensome now.
In 2024, Cameco reported uranium production of 23.4 million pounds, and it has ample resources to ensure production for years to come. As of the end of 2024, for example, the company reported 457 million pounds of proven and probable reserves.
It's also worth noting that Cameco has the potential to profit from the growth of SMR producers like Kairos Power and TerraPower that use high-assay low-enriched uranium (HALEU) as a fuel source. Cameco also has a 49% ownership stake in Global Laser Enrichment, which has the ability to produce HALEU.
Should you invest $1,000 in NuScale Power right now?
Before you buy stock in NuScale Power, 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 NuScale Power 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 $664,089!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $881,731!*
Now, it’s worth noting Stock Advisor’s total average return is 994% — a market-crushing outperformance compared to 172% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor.
See the 10 stocks »
*Stock Advisor returns as of June 9, 2025
Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Scott Levine has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Constellation Energy, Meta Platforms, and Microsoft. The Motley Fool recommends Cameco and 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.
Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community. Reaching millions of people each month through its website, books, newspaper column, radio show, television appearances, and subscription newsletter services, The Motley Fool champions shareholder values and advocates tirelessly for the individual investor. The company's name was taken from Shakespeare, whose wise fools both instructed and amused, and could speak the truth to the king -- without getting their heads lopped off.

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