Tag: CCJ
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Cameco is Still a Strong Buy
With tight supply and growing demand for nuclear energy, uranium stocks like Cameco (CCJ) could push even higher. For one, supply could get even tighter, with the Russian uranium ban starting on August 11. Two, according to Swiss Resource Capital, about 90 new nuclear plants are being planned, 61 are under construction, and decommissioned sites…
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This is Why Cameco Could Rally to Higher Highs
With the green energy boom heating up, keep an eye on uranium and related stocks, like Cameco (CCJ). Helping, Congress passed the Russian uranium import ban, which now unlocks about $2.7 billion to expand U.S. nuclear fuel production “The broader package also includes a ban on federal licenses for reactor fuel imported from or produced…
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This is Why Uranium Stocks are Pushing Higher Today
Keep an eye on red-hot uranium stocks. The U.S. Senate just approved legislation to bar imports of Russian uranium. The legislation would ban the imports 90 days after enactment. It contains waivers in case there were supply concerns for domestic reactors. The bill also frees up $2.7 billion passed in previous legislation to build out…
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Top Ways to Trade the Uranium Boom
Uranium prices could explode higher. In fact, with energy prices surging, many leaders are embracing nuclear power. “We have added a lot of intermittent power to the grid over the year, but people are starting to realize the need for a stable power source. There are only three options to offset intermittency: burn coal, burn…
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This Uranium Stock May Have Just Hit Bottom
With uranium prices on the run, keep an eye on Cameco Corp. (CCJ). For one, Congress is considering legislation that could ban Russian imports, which currently accounts for about 17% of the uranium used by U.S. power plants, says Real Clear Energy. Two, “Bank of America noted a Reuters report that said Russia had been…