Cameco Acquires 49% Stake in Westinghouse, EBITDA Up 78% in 2025
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Fool
- Stock Performance: Cameco's stock has surged 81% over the past year, while the Global X Uranium ETF has risen 61%, indicating strong investor interest in nuclear energy stocks.
- Westinghouse Investment: By acquiring a 49% stake in Westinghouse Electric in late 2023, Cameco gains exposure to multiple segments of the nuclear value chain, which is expected to diversify its revenue streams.
- Nuclear Infrastructure Development: The partnership with the U.S. government aims to build at least $80 billion worth of new reactors, with Cameco poised to benefit from Westinghouse's service and maintenance contracts.
- Earnings Outlook: Analysts forecast that Cameco's earnings per share will increase by 47% in 2026 and another 33% in 2027, highlighting the company's strong growth potential in the nuclear expansion sector.
Analyst Views on CCJ
Wall Street analysts forecast CCJ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CCJ is 105.87 USD with a low forecast of 85.00 USD and a high forecast of 124.51 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
14 Buy
1 Hold
0 Sell
Strong Buy
Current: 91.490
Low
85.00
Averages
105.87
High
124.51
Current: 91.490
Low
85.00
Averages
105.87
High
124.51
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.
