The CCJ stock has been gaining lately on renewed interest in nuclear energy. Let us determine whether this momentum will continue and if you should invest now.
Nuclear power stocks to watch in the stock market today.
Demand for uranium spiked in 2023, nearly doubling in price. The Federal Reserve said the global price of uranium jumped from $39 per pound at the end of 2022 to over $$70 per pound by last December.
In the closing of the recent trading day, Cameco (CCJ) stood at $51.88, denoting a +1.03% change from the preceding trading day.
Cameco could be positioned to take advantage of a boom in the nuclear power industry. But investors need to remember one key fact.
Renewed interest in nuclear power could be a long-term tailwind for the uranium company.
The uranium stock is the best bet on nuclear energy right now.
Cameco Corporation (NYSE:CCJ ) TD Securities Annual Nuclear Fuel Cycle and Next Generation Nuclear Roundtable - 2024 Conference October 8, 2024 11:35 AM ET Company Participants Grant Isaac - Executive VP and CFO Conference Call Participants Craig Hutchison - TD Securities Craig Hutchison Good morning. Our next speaker is Grant Isaac, Executive Vice President and Chief Financial Officer of Cameco Corp. Welcome, Grant.
Nuclear power plant restarts are in the news, suggesting a rebirth of this clean energy source. Here are three ways to play it.
Nuclear power is returning to favor, and it could be a lasting trend.
Cameco (CCJ) closed the most recent trading day at $47.76, moving -0.46% from the previous trading session.
The tide looks to be shifting back in meaningful ways. This uranium producer could be a sleeping giant.