2024-07-08 15:40:48 ET
Summary
- Cameco Corporation has seen a 60% appreciation in the last year due to increased interest in nuclear power.
- The company's latest earnings showed mixed results, with lower revenues but higher margins due to rising uranium prices.
- The nuclear industry is expected to grow due to increasing energy demands from AI applications and geopolitical factors, supporting Cameco's future prospects.
Thesis Summary
Cameco Corporation ( CCJ ) has appreciated over 60% in the last year as interest in nuclear power has resurfaced.
The company is benefiting from this nuclear renaissance, as well as higher uranium prices....
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For further details see:
Cameco: AI And Politics Are Good For Business