Why Cameco Stock Popped 8% on Friday

Interest in uranium stocks is blowing up.

Uranium stocks are glowing green on Friday, and they have Constellation Energy to thank for it. This morning, the electric utility giant announced plans to restart Unit 1 at the Three Mile Island nuclear power plant by 2028, in order to supply power to Microsoft data centers.

In no time flat, shares of uranium mining stocks such as Energy Fuels , Uranium Energy , and Denison Mines began powering up. None went so far as Cameco Corporation ( CCJ 8.08%), however, which as of 11:10 a.m. ET is gaining 8%. NYSE: CCJ

CamecoToday’s Change(8.08%) $3.32Current Price$44.40CCJ Key Data Points Market Cap$19BDay’s Range$43.25 – $44.9552wk Range$35.18 – $56.24Volume10,165,371Avg Vol3,864,600Gross Margin23.54%Dividend Yield0.20% Why Cameco stock is glowing green today It’s no great mystery why. A big electric utility is restarting a nuclear plant, and that plant will need uranium to generate power. Uranium miners […]

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