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.
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With the sector just starting to heat up again, keep an eye on: When we mentioned Cameco (SYM: CCJ) on August 29, it traded at about $41. Today, it’s up to $56 and could push even higher. As noted by Cameco Chief Executive Officer Tim Gitzel, market tightness, mine depletion and underinvestment will keep uranium prices high. While recent earnings were nothing to write home about, analysts at RBC Capital say they would be buyers on weakness at the time. In its most recent quarter, Cameco’s adjusted earnings per share of 13 cents missed expectations of 26 cents. Its net loss of $7 million was also well below the $119 million profit recorded a year ago. |
True Market Insiders
Exposed: 3 CENT Crypto to Explode December 16th?
Chris Rowe – the man who recommended Amazon in 1998… Bitcoin and Ethereum in 2017…
And has spotted 44 different coins that have returned over 100%…
But today, Chris is now making the biggest crypto call of his ENTIRE career…
Urging his followers to buy a small 3-cent crypto…
Because… a powerful crypto event will trigger on December 16th…
Sending hundreds of tiny cryptos soaring 5X, 50X, even 100X – in just days.
Click here to see details behind the biggest financial event of the decade.
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Company: NexGen Energy (SYM: NXE) With NXE, it traded at about $6 on August 29. It’s now up to $7.79. Better, 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. |
Weiss Ratings
Nvidia’s Quiet $1 Trillion Pivot
Nvidia and its powerful chips are the face of artificial intelligence.
But while everyone’s patting Nvidia on the back for record earnings…
It’s quietly moved on to the next phase of AI it plans to conquer…
Nvidia recently unveiled essential blueprints for this crucial $1 trillion pivot.
Click here now and find out about the three companies Nvidia absolutely needs to succeed in this vital new AI frontier.
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ETF: Global X Uranium ETF (SYM: URA) There’s also the URA ETF, which just dipped to $30.10. With an expense ratio of 0.69%, the ETF provides investors access to a broad range of companies involved in uranium mining and the production of nuclear components, including those in extraction, refining, exploration, or manufacturing of equipment for the uranium and nuclear industries, as noted by GlobalXETFs.com. Some of its top holdings include Cameco, NexGen Energy, Uranium Energy Corp., Denison Mines and NuScale Power Corp. |
