Could Westinghouse Be the Game Changer in Cameco's Growth Story?
Cameco (NYSE: CCJ) is a supplier to the nuclear power industry. There appears to be something of a nuclear renaissance taking shape, which positions the company for near-term success. But the Canadian uranium miner did something recently that could be a very important game changer over the long term. Here's why Cameco's growth story could be better today than it ever has been.Historically speaking, Cameco has been a miner. The product it pulls from the ground is uranium, which it also processes into nuclear fuel. Although the company's business is largely driven by long-term contracts, those contracts are still based on the price of a volatile commodity. Thus, Cameco's financial results have largely been driven by the swings in uranium prices.Image source: Getty Images.Continue reading
Cameco (NYSE: CCJ) is a supplier to the nuclear power industry. There appears to be something of a nuclear renaissance taking shape, which positions the company for near-term success. But the Canadian uranium miner did something recently that could be a very important game changer over the long term. Here's why Cameco's growth story could be better today than it ever has been.
Historically speaking, Cameco has been a miner. The product it pulls from the ground is uranium, which it also processes into nuclear fuel. Although the company's business is largely driven by long-term contracts, those contracts are still based on the price of a volatile commodity. Thus, Cameco's financial results have largely been driven by the swings in uranium prices.
Image source: Getty Images.
