Cameco Stock Rockets on $80B US Nuclear Reactor Deal — Is the Uranium Bull Market Here to Stay?
Cameco and Brookfield announced an $80 billion U.S.-backed deal to build new Westinghouse nuclear reactors. CCJ shares jumped 10–15% on the news, extending a rally that has lifted the stock up 65–80% year-to-date. Uranium prices remain near multi-year highs as supply tightens and global pro-nuclear policies accelerate new projects. Wall Street analysts maintain a consensus “Buy” rating on Cameco.