Is Cameco Stock a Buy Now?
It looks like there is a nuclear power renaissance taking place in the United States. That's a good thing for Cameco (NYSE: CCJ), which produces nuclear fuel and offers other nuclear-related services. But before you buy this stock you need to understand a little bit more about its business. Here's what you need to know to get started.At its core, Cameco is a uranium miner. Uranium is the fuel for nuclear power plants; Cameco mines for uranium and processes it so it can be used. The company also bought Westinghouse with partner Brookfield Asset Management (NYSE: BAM) after Westinghouse went bankrupt, giving Cameco exposure to the construction and maintenance of nuclear facilities.Image source: Getty Images.Continue reading
It looks like there is a nuclear power renaissance taking place in the United States. That's a good thing for Cameco (NYSE: CCJ), which produces nuclear fuel and offers other nuclear-related services. But before you buy this stock you need to understand a little bit more about its business. Here's what you need to know to get started.
At its core, Cameco is a uranium miner. Uranium is the fuel for nuclear power plants; Cameco mines for uranium and processes it so it can be used. The company also bought Westinghouse with partner Brookfield Asset Management (NYSE: BAM) after Westinghouse went bankrupt, giving Cameco exposure to the construction and maintenance of nuclear facilities.
Image source: Getty Images.
