| Buy alert: Move $1,000 before Tesla’s Optimus launch |
It’s time to buy and hold long-term uranium stocks, we said in late August.
For one, there’s substantial demand for nuclear power, with companies like Microsoft, Alphabet and Amazon betting big on the sector.
Microsoft, for example, recently signed a power purchase agreement with Constellation Energy. That’s because Microsoft needs extra power to run the servers at its Azure business unit, and thinks nuclear might be the best way to produce that power.
Alphabet and Amazon are looking to nuclear power for their data centers. Even Alphabet is partnering with Kairos Power to open small modular nuclear reactors.
With the sector just starting to heat up again, keep an eye on:
Cameco (CCJ)
When we mentioned Cameco (CCJ) on August 29, it traded at about $41. Today, it’s up to $106.12 and could push even higher.
Fueling upside, Cameco just signed an agreement with the U.S. Commerce Department that will see the government arrange financing and help with approvals for at least $80 billion in nuclear reactors powered by Westinghouse Electric.
Recent earnings weren’t too shabby either.
In its second quarter, its EPS of 71 cents beat estimates by 34 cents. Revenue of $877 million, up 46.7% year over year, beat by $288.71 million.
NexGen Energy (NXE)
With NXE, it traded at about $6 on August 29. It’s now up to $9.53.
If NexGen’s Rook 1 project sees Canadian approval, it could be one of the biggest uranium mines in the world. According to the company, “The proposed new underground mine and mill development is located in the uranium-rich district of the southwestern area of the Athabasca Basin; located in Saskatchewan – a premier mining jurisdiction.”
In addition, according to NexGen’s latest investor presentation, it expects uranium demand to explode by 127% by 2030, and by 200% by 2040. On top of that, they argue the world could see a 240-million-pound deficit in 2040.
Featured Article: What’s happening in this video?
We recently uncovered something happening in the hills of Appalachia.
What we found is absolutely shocking.
This video shows how everything you know about the world is about to be turned upside down…
And reveals what could be one of the greatest investment opportunities of the next 100 years.
Found this helpful? Share it with others.
Written by Ian Cooper