Cameco: Buy, Sell, or Hold?

Global demand for energy is set to explode. As developing nations grow, their need for more energy will grow, too. In addition, the rise of artificial intelligence is forcing data center providers to reconsider how they power their businesses.

Numerous countries have committed to reducing their carbon footprint by 2050. While renewable energy sources such as wind and solar power are gaining traction, they’re not nearly enough. Recently, 14 financial institutions expressed their desire to triple nuclear capacity by 2050 to reach net-zero emissions targets.

Cameco ( CCJ 1.70%), a major player in the uranium industry, stands to benefit from these changing tides. With global demand for nuclear power anticipated to soar in the long run, Cameco is an appealing stock. However, before you hit the buy button, let’s dive deeper into the business and associated risks. NYSE: CCJ

CamecoToday’s Change(1.70%) $0.86Current Price$51.35CCJ Key Data Points Market Cap$22BDay’s Range$49.89 […]

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