Here's Why Cameco Stock Surged Again This Week

It's been another good week for the nuclear energy sector, and one of the best pure-play stocks, Cameco (NYSE: CCJ), enjoyed a 10.4% rise in the week to Friday morning. The latest news is Alphabet's Google signing a deal to purchase nuclear-powered energy from Kairos Power. The latter is developing small modular reactors (SMRs), with the first SMR scheduled to come online by 2030.Investor attention has naturally focused on companies with nuclear-generating capabilities like Constellation Energy and Vistra. Indeed, the former signed a 20-year deal to supply power to Microsoft and will restart the Three Mile Island nuclear power plant. Alongside power generators and utilities, investors can also buy stock in companies that support nuclear power generation. Cameco operates in three segments, and it is one of the best stocks to invest in if you want to play the nuclear theme.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool