1 Green Flag for Cameco Stock Right Now
's (NYSE: CCJ) management styles the company as a "pure-play investment in the growing demand for nuclear energy," and with good reason. Its mix of uranium mining, nuclear fuel services, and 49% interest in atomic reactor and nuclear plant services company Westinghouse makes it the best stock to buy to play the revival of nuclear power right now. That's a good thing because all the evidence points to momentum building in investment in nuclear power.
After a period when policymakers were committed to the clean energy transition and all things renewable, there's a growing understanding that, while the transition is still taking place, it will take place at a slower pace than many previously thought. That means that energy sources such as gas are going to be a key part of the mix for many years to come.
The intermittency of renewable energy and its cost also mean that nuclear is becoming an increasingly popular option as a source of carbon-free energy.
Source Fool.com
Cameco Corp. Stock
With 28 Buy predictions and 1 Sell predictions Cameco Corp. is one of the favorites of our community.
As a result the target price of 86 € shows a slightly positive potential of 7.76% compared to the current price of 79.81 € for Cameco Corp..
