The Best Uranium Stocks to Buy and Hold as Nuclear Power Expands
Over 30 nations have pledged to triple their nuclear energy capacity, which should serve as a long-term tailwind for these uranium stocks.
As nations aim to expand nuclear energy capabilities, uranium stocks are seeing significant growth. Cameco (CCJ +1.99%) and Uranium Energy (UEC +0.84%) are two prominent options for investors. Cameco, a global leader, operates high-grade assets, including Cigar Lake and McArthur River mines. The company maintains long-term contracts, selling an average of 28 million pounds of uranium annually through 2030.
Cameco also operates across mining, milling, and processing, with a stake in Global Laser Enrichment and Westinghouse Electric, a major nuclear hardware supplier. Uranium Energy, on the other hand, is a U.S.-based miner offering potential for higher upside if uranium prices rise. The company's unique low-cost, hub-and-spoke in-situ recovery model and plans for full integration into nuclear fuel production make it an attractive option for aggressive investors.
However, like all investments, Uranium Energy carries the risk of price declines impacting earnings.
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