Cameco CCJ is without doubt one of the finest pure-play nuclear-heavy AI power shares to purchase.
The AI hyperscalers, the U.S. authorities, and different pillars of the worldwide financial system are kicking off a nuclear power revival to gasoline the power-hungry AI arms race whereas weaning off fossil fuels and changing into power impartial. This is the reason Wall Avenue is all-in on the AI power commerce.
Cameco inventory has soared 110% previously 12 months, as a part of a large surge over the past 5 years, which helped it surpass its earlier 2007 peaks. Its latest run noticed CCJ outpace AI big Nvidia and nuclear power powerhouse Constellation Power.
Wall Avenue piled into CCJ due to the more and more essential function the Canadian uranium miner performs within the nuclear power revival and, subsequently, the AI arms race.
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CCJ is the second-largest uranium miner on this planet and one of many solely uranium shares (gasoline for nuclear reactors) that the majority U.S. retail traders should purchase.
Uranium costs have skyrocketed over the past a number of years. Plus, demand is projected to outstrip provide for years because the U.S. makes an attempt to quadruple nuclear capability by 2050 whereas weaning off Russia and its sphere of affect, which dominates the nuclear gasoline business.
On prime of all that, Cameco supplies traders with long-term upside in nuclear power building by means of its 49% possession stake in Westinghouse Electrical.
CCJ’s latest upward earnings revisions land it a Zacks Rank #1 (Robust Purchase) proper now.
CCJ: The Greatest Uranium, Nuclear, and AI Power Inventory to Purchase?
Cameco is the second-largest uranium miner on this planet, reportedly producing roughly 17% of world output in response to the World Nuclear Affiliation. The Canadian uranium miner can also be a number one provider of uranium refining, conversion, and gasoline manufacturing providers.
CCJ is without doubt one of the solely large-scale uranium shares that the majority common U.S. traders should purchase. The Saskatoon, Saskatchewan, Canada-headquartered agency’s significance to the U.S. is rising quickly because it makes an attempt to chop itself off from Russia and its sphere of affect, which dominates a big chunk of the uranium ecosystem.
The U.S. is making an attempt to reshore many essential areas of the financial system, together with uranium mining, enrichment, and extra. However restarting the U.S. uranium business will take a very long time after it lay dormant for many years, making Cameco very important.
The nuclear power renaissance despatched uranium costs to their highest ranges in over 15 years in 2024. Regardless of a pullback, uranium costs have soared roughly 170% for the reason that begin of 2021. Extra importantly, uranium demand is about to outstrip provide for years to return.
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Bolstering its nuclear power bull case additional is Cameco’s 49% possession of Westinghouse Electrical—it closed the deal in late 2023 alongside Brookfield Renewable Companions (BEP), which owns the opposite 51%.
Westinghouse is without doubt one of the largest nuclear tools and providers companies on this planet. Its AP1000 nuclear reactors are the newest large-scale reactors to return on-line within the U.S.
Westinghouse secured a considerable U.S. authorities contract to help within the building of 10 new large-scale nuclear reactors. The nuclear reactor firm additionally gives upside within the small modular reactor (SMR) house by way of its next-gen AP300 reactors, that are competing alongside upstarts reminiscent of Oklo.
Why Traders Should Purchase AI Power and Nuclear Shares
Nuclear power might be the spine of the whole progress, AI-driven financial system sooner or later within the subsequent few a long time, simply ask the AI hyperscalers and the U.S. authorities.
Electrical energy demand is about to develop ~25% by 2030 and ~75% by 2050, pushed by AI knowledge middle enlargement, electrification, reshoring, and extra.
That is the place nuclear energy is available in. It’s been offering 50% of America’s carbon-free electrical energy for many years. Most significantly, nuclear energy vegetation present baseload energy (in contrast to photo voltaic and wind), working at full capability ~93% of the time, making them essentially the most dependable power supply by far, in response to the U.S. Power Division.
This is the reason Amazon, Meta, and the opposite AI hyperscalers are securing long-term nuclear energy agreements.
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Meta META kicked off 2026 by touchdown three new nuclear power offers to broaden its efforts to energy its AI progress. And we already touched on the U.S. authorities’s objective of quadrupling nuclear capability by 2050.
World knowledge middle infrastructure spending is anticipated to achieve ~$7 trillion by 2030, with $1.3 trillion of this spending going towards energy era and the broader power business.
Purchase CCJ Inventory and Maintain Ceaselessly
Cameco is projected to develop its adjusted earnings by 100% in FY25 and 55% in 2026. The uranium miner’s latest upward earnings revisions earn it a Zacks Rank #1 (Robust Purchase), with its most correct 2026 estimate 13% above consensus.
Its income enlargement outlook reveals it’s on observe to return to its 2007 highs within the close to future.
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Cameco inventory has crushed the S&P 500 over the previous 25 years, having soared practically 4,000% vs. the benchmark’s 460%. This run features a 850% surge within the final 5 years and a 115% run previously 12 months.
CCJ has outclimbed AI chip big Nvidia NVDA and nuclear power powerhouse Constellation Power CEG within the final 12 months to assist it meaningfully overtake its 2007 highs.
Regardless of its market-crushing run, Cameco trades at an 85% low cost to its highs, under the S&P 500, and in step with the Power sector by way of its value/earnings-to-growth (PEG) ratio at 1.3.
The uranium inventory might be a bit overheated within the brief run after its latest cost to all-time highs, overtaking its October peaks.
Market timing is, nevertheless, exceedingly tough. Traders may wish to begin a place in Cameco from time to time add to their stockpile the subsequent time it pulls again to a key transferring common.
It doesn’t matter what occurs within the brief run by way of volatility or a well-deserved drawdown, Wall Avenue loves the uranium miner and nuclear reactor play. Twelve of the 17 brokerage suggestions Zacks has for Cameco are “Robust Buys,” subsequent to 4 “Buys,” and one “Maintain.”
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