Where Will Cameco Stock Be in 1 Year?

The spot price for uranium, the crucial element for producing nuclear power, has roughly doubled over the past five years. That growth was fueled by the world's renewed interest in nuclear power as a clean energy source, geopolitical conflicts driving more markets away from fossil fuels, and rapid expansion of the power-hungry artificial intelligence, cloud, and data center markets.Bank of America expects uranium's spot price to nearly double from about $67 per pound today to $120 by the end of 2025, then rise to $135 in 2026 and $140 in 2027. At the end of 2024, the International Atomic Energy Agency (IAEA) predicted the world's nuclear capacity could increase 2.5 times from its current capacity by 2050 in a "high case scenario."Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool