Bear in mind that the global renewable energy market was valued at a whopping $1.21 trillion last year and could surge annually by 17.2% through 2030. Furthermore, NextEra Energy added 2,765 megawatts to its solar and storage portfolio, with planned infrastructure investments of $85 million to $95 billion through 2025. Source: engel.ac / Shutterstock What sets it apart from its competition is the firm's innovative thin-film Cadmium Telluride technology, which enhances energy efficiency while substantially l ...

Considering the above, here are three top-tier uranium stocks to watch. Cameco released its first-quarter financial results in April, revealing a revenue miss of $128.21 million and an earnings-per-share miss of 16 cents. However, the event didn't deter CCJ stock, as it has traded flat ever since. Although Cameco's earnings defeat was an adverse event, many investors, including myself, remain optimistic about the company's outlook because numerous catalysts have emerged. For example, synergies related to th ...

I spent some time on the Benzinga "Live Trading" show with Ryan Faloona and the crew last week talking about uranium stocks. Nuclear energy is attracting a lot of attention, including more than its share from traders. That is not going to be enough in the long run. Expanding the usage of nuclear energy is not a choice. It is a must to power the future. Geopolitical factors are further shaping the uranium market landscape. The Russia-Ukraine conflict has disrupted supply chains, particularly for European uti ...

However, that's not likely to happen. Third, unless there's a Red Wave in Congress, the IRA and related stocks will be fine. Source: T. Schneider / Shutterstock.com First Solar is a potential beneficiary of the artificial intelligence data center boom. According to UBS analysts, First Solar is "uniquely positioned" to benefit from rising electricity demand from AI as Big Tech looks to clean energy to power data centers. Cameco (CCJ) For one, there are still severe supply and demand issues. For example, "Aro ...

When new legislation makes its way to the president's desk, investors often sit up and take notice. And that's exactly what's happening today with respect to nuclear power stocks Cameco (CCJ 8.96%), NuScale Power (SMR 5.72%), and Energy Fuels (UUUU 6.90%). These stocks are all flying higher after the market learned that President Biden signed a bill yesterday that encourages growth in nuclear power. The basics of the bipartisan-backed nuclear power bill The ADVANCE Act received strong bipartisan support in ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Cameco (CCJ) . Cameco currently has an average brokerage recommendation (A ...

Cameco (CCJ) closed at $48.99 in the latest trading session, marking a +0.53% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.07%. Meanwhile, the Dow lost 0.13%, and the Nasdaq, a tech-heavy index, added 0.14%. Investors will be eagerly watching for the performance of Cameco in its upcoming earnings disclosure. The company is expected to report EPS of $0.34, up 3500% from the prior-year quarter. Our research demonstrates that these adjustments in estimates directl ...

Further, the productivity advancements of digital intelligence and other advanced solutions must start making themselves more apparent. Otherwise, if the net productivity gains are minimal, that would be a ton of energy consumption for very little value. So, societies will need access to robust power sources. A diverse business within the nuclear ecosystem, Cameco (NYSE:CCJ) provides uranium for electricity generation. Per its public profile, the company is involved in the exploration, mining, milling, acqu ...

Cameco Cameco Realized Price vs Spot 85 100% 75 80% 60% ୧ટ 55 40% 45 20% 35 0% 25 -20% 15 -40% Discount/Premium Average spot price Average realized price Uranium Price Guidance (Cameco) AP1000' PWR eVinci™ Microreactor Cameco /entilating Building Cooling Units Volume | --- | --- | |-----------------------------------------|--------------| | 10% \n(AMECO SHARE (49%) | 2024 OUTLOOK | | Net earnings (loss) | (170-230) | | Depreciation and amortization | 335-385 | | Finance income | (2-3) | | Finance costs | 17 ...

Heading into today, shares of the uranium producer had lost 7.56% over the past month, lagging the Basic Materials sector's loss of 4.96% and the S&P 500's gain of 3.22% in that time. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. The Mining - Miscellaneous industry is part of the Basic Materials se ...