CCJ Stock Recent News
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Another week, another deal done by a major tech company to buy power from a nuclear energy producer.
Nuclear energy stocks and uranium companies have skyrocketed over the last month as Wall Street dives into the stocks that will power the artificial intelligence (AI) age.
Cameco (CCJ) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
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.