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Stock impact report

Cameco's Westinghouse Deal Lifts Nuclear Growth Hopes But Raises Valuation Risks [Yahoo! Finance]

Cameco Corporation (CCJ) 
Last cameco corporation earnings: 5/1 07:00 am Check Earnings Report
US:NYSE Investor Relations: cameco.com/invest
Company Research Source: Yahoo! Finance
Westinghouse, part of Cameco, has signed an agreement with the U.S. Department of Commerce to support US$80b in new nuclear reactor construction by 2030. The deal highlights potential for higher long term demand for uranium, a core part of Cameco's business model. The agreement underscores the growing geopolitical focus on secure Western nuclear fuel and reactor supply chains. Cameco (TSX:CCO) is drawing fresh attention after this Westinghouse agreement, which ties the company more closely to planned U.S. nuclear build out. The stock last closed at CA$168.41, with a return of 24.4% over the past month and 134.8% over the past year, putting it on the radar of investors watching the nuclear fuel space. The US$80b construction plan points to a larger role for nuclear in U.S. energy policy, and Cameco is now more directly linked to that build program through Westinghouse. For investors, the key questions are how much of this pipeline eventually converts into fuel and services rev Show less Read more
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