Is Cameco a Stock to Buy and Hold Forever? Here's Why It Could Be.
If you want to invest in the potential growth of the nuclear power industry but don't want to take on the risk of a reactor start-up like NuScale Power or own a "boring" regulated utility, you'll want to get to know Cameco (NYSE: CCJ). Without the nuclear fuel that Cameco produces, nuclear power plants can't run. But that's just the start of the company's story.The world's demand for electricity is increasing, and so is its appetite for cleaner energy sources. These two trends underpin what looks like a nuclear renaissance today. There are many ways to invest in it, but the one thing every nuclear power plant needs is fuel.Cameco is one of the world's largest providers of uranium fuel, mining it largely in politically stable regions like Canada, and it's working with strategic partnership Net Zero Nuclear to support tripling global nuclear capacity by 2050. Every new reactor will be a potential customer. Cameco will have a seat at the table simply because of its vital importance to the industry, but also because of its investment (along with Brookfield Asset Management) in Westinghouse, which has a long history of designing, building, and providing maintenance services to nuclear power plants.Continue reading
If you want to invest in the potential growth of the nuclear power industry but don't want to take on the risk of a reactor start-up like NuScale Power or own a "boring" regulated utility, you'll want to get to know Cameco (NYSE: CCJ). Without the nuclear fuel that Cameco produces, nuclear power plants can't run. But that's just the start of the company's story.
The world's demand for electricity is increasing, and so is its appetite for cleaner energy sources. These two trends underpin what looks like a nuclear renaissance today. There are many ways to invest in it, but the one thing every nuclear power plant needs is fuel.
Cameco is one of the world's largest providers of uranium fuel, mining it largely in politically stable regions like Canada, and it's working with strategic partnership Net Zero Nuclear to support tripling global nuclear capacity by 2050. Every new reactor will be a potential customer. Cameco will have a seat at the table simply because of its vital importance to the industry, but also because of its investment (along with Brookfield Asset Management) in Westinghouse, which has a long history of designing, building, and providing maintenance services to nuclear power plants.
