MarketBeat Weekly Recap – February 16 to February 20
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 21 2026
0mins
Should l Buy CCJ?
Source: Marketbeat
Market Volatility: Investors are facing prolonged market volatility, particularly influenced by the U.S. Supreme Court's decision to strike down emergency tariffs, which has led to oscillations between losses and gains in the markets.
Focus on Technology Stocks: The ongoing focus remains on technology stocks, especially those related to artificial intelligence (AI), as investors weigh geopolitical concerns and the implications of military presence in the Middle East.
Earnings Reports and Stock Performance: Companies like NVIDIA and Oracle are set to release earnings reports, with analysts predicting strong performance, while other stocks, such as Qualcomm, have faced skepticism due to recent downturns in the tech sector.
Investment Opportunities: Despite challenges, there are still opportunities for investors in beaten-down sectors, with analysts highlighting potential stocks that could deliver upside surprises amidst a difficult economic environment.
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Analyst Views on CCJ
Wall Street analysts forecast CCJ stock price to fall
12 Analyst Rating
11 Buy
1 Hold
0 Sell
Strong Buy
Current: 120.660
Low
71.80
Averages
105.67
High
118.78
Current: 120.660
Low
71.80
Averages
105.67
High
118.78
About CCJ
Cameco Corporation is a provider of uranium fuel to generate baseload electricity around the globe. Its segments include uranium, fuel services and Westinghouse. The uranium segment involves the exploration for, mining, milling, purchase and sale of uranium concentrate. The fuel services segment involves the refining, conversion and fabrication of uranium concentrate and the purchase and sale of conversion services. The Westinghouse segment reflects its earnings from this equity-accounted investment. Westinghouse is a nuclear reactor technology original equipment manufacturer and a global provider of products and services to commercial utilities and government agencies. It provides outage and maintenance services, engineering support, instrumentation and controls equipment, plant modification, and components and parts to nuclear reactors. It has two operating mines, Cigar Lake and McArthur River as well as a mill at Key Lake. It also has ownership interests in Global Laser Enrichment.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Nuclear Renaissance: Investment Opportunities and Market Outlook
- Global Nuclear Development: According to the World Nuclear Association, there are currently 75 nuclear reactors under construction worldwide, with 39 located in China, highlighting China's dominance in the nuclear sector and reflecting strong global demand for nuclear energy, which is expected to drive performance improvements for related companies.
- Uranium Market Outlook: Canada's Cameco is projected to produce 15% of the world's 164 million pounds of uranium by 2025, with an average grade of 6.48% at its McArthur River mine and 16.33% at Cigar Lake, positioning it competitively in the uranium market and promoting revenue growth.
- Potential of Small Modular Reactors: BWX Technologies is developing small modular reactors (SMRs) designed to meet the power needs of data centers, which are expected to become a significant direction for future nuclear applications, further enhancing the company's market share in the nuclear energy sector.
- Strong Financial Performance: Cameco's revenue grew by 11% in 2025 compared to 2024, with earnings per share (EPS) increasing by 246% and a net profit margin of 16.39%, indicating robust profitability and a healthy financial position that suggests continued growth potential ahead.
See More
U.S. Energy Policy Creates Opportunities for North American Companies
- Energy Policy Impact: The U.S. administration's pursuit of energy dominance is creating opportunities for North American companies, particularly in the liquefied natural gas (LNG) and nuclear sectors, which are expected to drive growth for related firms.
- ETF Investment Opportunity: The Global X U.S. Natural Gas ETF offers broad exposure to the U.S. natural gas industry, with projected LNG exports of 88.4 million tonnes in 2024, indicating strong market demand and investment potential.
- Baker Hughes Transformation: Baker Hughes is transitioning from a traditional oilfield services company to an industrial energy technology firm, and its upcoming acquisition of Chart Industries will further enhance its market position in gas technology.
- Cameco's Nuclear Outlook: With rising demand for nuclear energy, Cameco is well-positioned to fill the gap left by reduced uranium imports from Russia, especially as global demand for carbon-neutral energy sources continues to grow.
See More
Major Wall Street Rating Updates on Monday
- Tesla Rating Adjustment: Jefferies raised Tesla's price target from $300 to $350, anticipating Q1 results will show a widening gap between vision and execution, and concerns about funding may arise without a convincing robotaxi announcement, potentially leading to merger considerations with SpaceX.
- Apple's Positive Outlook: Morgan Stanley reiterated Apple as overweight, expecting a modest 1-2% upside in revenue and EPS in the upcoming earnings report, despite supply constraints, indicating the company's resilience in the market.
- Amazon Price Target Increase: Bank of America raised Amazon's price target from $275 to $298, believing that with strong assets and customer focus, Amazon is well-positioned to capitalize on the global growth of eCommerce and enterprise demand for AI capabilities, showcasing robust growth potential.
- Microsoft's Favorable Outlook: Deutsche Bank reiterated Microsoft as a buy, expecting Azure's performance and guidance to be focal points in the upcoming earnings report, indicating that the company's broad progress in AI initiatives will drive future growth.
See More
Significant Supply-Demand Gap in U.S. Uranium Market
- Supply-Demand Gap: The U.S. consumes approximately 50 million pounds of uranium annually, while domestic production is projected at only 1 million pounds in 2026, indicating a reliance on imports for 98% of its uranium supply, highlighting a critical supply constraint.
- Rising Uranium Prices: By the end of March 2026, uranium spot prices reached $84.25 per pound, with Citi analysts forecasting a range of $100 to $125 per pound for the year, reflecting increasing demand in the uranium market.
- Eagle's Market Entry and Resource Advantage: Eagle Nuclear Energy Corp. began trading on Nasdaq on February 25, 2026, claiming ownership of the largest conventional uranium deposit in the U.S., with the Aurora project hosting 32.75 million pounds of indicated resources, solidifying its competitive position.
- Drilling Program and Technology Integration: Eagle has signed a Drilling Services Agreement with Harris Exploration to conduct a 27,000-foot drilling program in summer 2026, aimed at addressing data gaps and advancing the Aurora project towards a Pre-Feasibility Study, expected to be completed in the second half of 2027.
See More
Nuclear Energy Stocks Surge on Positive Sector Developments
- SMR Approvals: The U.K. government approved small modular reactors (SMRs) at the Wylfa site in North Wales, which not only boosted nuclear energy stocks but also enhanced market confidence in the future of nuclear power.
- Amazon-Backed IPO: X-Energy is targeting a $7.5 billion valuation in its IPO, reflecting strong investor interest in nuclear technology, which could attract more capital into the sector.
- U.S. Government Initiative: The U.S. government launched the National Initiative for American Space Nuclear Power, a joint effort with NASA and the Pentagon to develop nuclear systems for future lunar and deep-space missions, highlighting the potential of nuclear energy in space exploration.
- Positive Market Sentiment: A bullish report from Canaccord Genuity noted the uranium sector as a high-beta sector, further driving optimistic sentiment towards nuclear energy stocks and attracting more investor attention.
See More
Surge in Nuclear Energy Investment Opportunities
- Nuclear Expansion Outlook: Fifteen new reactors are expected to come online this year, with an additional 50 projected by 2030, and over 75 nuclear reactors currently under construction globally, highlighting the increasing significance of nuclear energy in the global energy mix.
- Demand-Driven Growth: The rising demand for clean energy and the energy needs of AI data centers are driving nuclear expansion, with the IAEA raising its nuclear power expansion projections for the fourth consecutive year, estimating that global nuclear capacity will double by 2050, underscoring the strategic importance of the nuclear sector.
- Emerging Investment Opportunities: Constellation Energy, the largest nuclear power provider in the U.S., generates 86% of its power from nuclear and has signed a 20-year power supply agreement with Microsoft, indicating potential for more similar deals that bolster shareholder confidence.
- Potential of Small Modular Reactors: GE Vernova's GE Hitachi unit is providing small modular reactors expected to revolutionize the nuclear industry, with stock climbing 51% in 2026, demonstrating the transformative potential of these reactors in accelerating power plant start-up.
See More
Nuclear Renaissance: Investment Opportunities and Market Outlook
- Global Nuclear Development: According to the World Nuclear Association, there are currently 75 nuclear reactors under construction worldwide, with 39 located in China, highlighting China's dominance in the nuclear sector and reflecting strong global demand for nuclear energy, which is expected to drive performance improvements for related companies.
- Uranium Market Outlook: Canada's Cameco is projected to produce 15% of the world's 164 million pounds of uranium by 2025, with an average grade of 6.48% at its McArthur River mine and 16.33% at Cigar Lake, positioning it competitively in the uranium market and promoting revenue growth.
- Potential of Small Modular Reactors: BWX Technologies is developing small modular reactors (SMRs) designed to meet the power needs of data centers, which are expected to become a significant direction for future nuclear applications, further enhancing the company's market share in the nuclear energy sector.
- Strong Financial Performance: Cameco's revenue grew by 11% in 2025 compared to 2024, with earnings per share (EPS) increasing by 246% and a net profit margin of 16.39%, indicating robust profitability and a healthy financial position that suggests continued growth potential ahead.
See More
U.S. Energy Policy Creates Opportunities for North American Companies
- Energy Policy Impact: The U.S. administration's pursuit of energy dominance is creating opportunities for North American companies, particularly in the liquefied natural gas (LNG) and nuclear sectors, which are expected to drive growth for related firms.
- ETF Investment Opportunity: The Global X U.S. Natural Gas ETF offers broad exposure to the U.S. natural gas industry, with projected LNG exports of 88.4 million tonnes in 2024, indicating strong market demand and investment potential.
- Baker Hughes Transformation: Baker Hughes is transitioning from a traditional oilfield services company to an industrial energy technology firm, and its upcoming acquisition of Chart Industries will further enhance its market position in gas technology.
- Cameco's Nuclear Outlook: With rising demand for nuclear energy, Cameco is well-positioned to fill the gap left by reduced uranium imports from Russia, especially as global demand for carbon-neutral energy sources continues to grow.
See More
Major Wall Street Rating Updates on Monday
- Tesla Rating Adjustment: Jefferies raised Tesla's price target from $300 to $350, anticipating Q1 results will show a widening gap between vision and execution, and concerns about funding may arise without a convincing robotaxi announcement, potentially leading to merger considerations with SpaceX.
- Apple's Positive Outlook: Morgan Stanley reiterated Apple as overweight, expecting a modest 1-2% upside in revenue and EPS in the upcoming earnings report, despite supply constraints, indicating the company's resilience in the market.
- Amazon Price Target Increase: Bank of America raised Amazon's price target from $275 to $298, believing that with strong assets and customer focus, Amazon is well-positioned to capitalize on the global growth of eCommerce and enterprise demand for AI capabilities, showcasing robust growth potential.
- Microsoft's Favorable Outlook: Deutsche Bank reiterated Microsoft as a buy, expecting Azure's performance and guidance to be focal points in the upcoming earnings report, indicating that the company's broad progress in AI initiatives will drive future growth.
See More
Significant Supply-Demand Gap in U.S. Uranium Market
- Supply-Demand Gap: The U.S. consumes approximately 50 million pounds of uranium annually, while domestic production is projected at only 1 million pounds in 2026, indicating a reliance on imports for 98% of its uranium supply, highlighting a critical supply constraint.
- Rising Uranium Prices: By the end of March 2026, uranium spot prices reached $84.25 per pound, with Citi analysts forecasting a range of $100 to $125 per pound for the year, reflecting increasing demand in the uranium market.
- Eagle's Market Entry and Resource Advantage: Eagle Nuclear Energy Corp. began trading on Nasdaq on February 25, 2026, claiming ownership of the largest conventional uranium deposit in the U.S., with the Aurora project hosting 32.75 million pounds of indicated resources, solidifying its competitive position.
- Drilling Program and Technology Integration: Eagle has signed a Drilling Services Agreement with Harris Exploration to conduct a 27,000-foot drilling program in summer 2026, aimed at addressing data gaps and advancing the Aurora project towards a Pre-Feasibility Study, expected to be completed in the second half of 2027.
See More
Nuclear Energy Stocks Surge on Positive Sector Developments
- SMR Approvals: The U.K. government approved small modular reactors (SMRs) at the Wylfa site in North Wales, which not only boosted nuclear energy stocks but also enhanced market confidence in the future of nuclear power.
- Amazon-Backed IPO: X-Energy is targeting a $7.5 billion valuation in its IPO, reflecting strong investor interest in nuclear technology, which could attract more capital into the sector.
- U.S. Government Initiative: The U.S. government launched the National Initiative for American Space Nuclear Power, a joint effort with NASA and the Pentagon to develop nuclear systems for future lunar and deep-space missions, highlighting the potential of nuclear energy in space exploration.
- Positive Market Sentiment: A bullish report from Canaccord Genuity noted the uranium sector as a high-beta sector, further driving optimistic sentiment towards nuclear energy stocks and attracting more investor attention.
See More
Surge in Nuclear Energy Investment Opportunities
- Nuclear Expansion Outlook: Fifteen new reactors are expected to come online this year, with an additional 50 projected by 2030, and over 75 nuclear reactors currently under construction globally, highlighting the increasing significance of nuclear energy in the global energy mix.
- Demand-Driven Growth: The rising demand for clean energy and the energy needs of AI data centers are driving nuclear expansion, with the IAEA raising its nuclear power expansion projections for the fourth consecutive year, estimating that global nuclear capacity will double by 2050, underscoring the strategic importance of the nuclear sector.
- Emerging Investment Opportunities: Constellation Energy, the largest nuclear power provider in the U.S., generates 86% of its power from nuclear and has signed a 20-year power supply agreement with Microsoft, indicating potential for more similar deals that bolster shareholder confidence.
- Potential of Small Modular Reactors: GE Vernova's GE Hitachi unit is providing small modular reactors expected to revolutionize the nuclear industry, with stock climbing 51% in 2026, demonstrating the transformative potential of these reactors in accelerating power plant start-up.
See More
