Cameco Corporation Stock Rally: Sustainable Growth or Impending Correction?
Cameco Corporation (CCJ 0.95%) shares have surged nearly 100% over the past year, fueled by growing Optimism around nuclear power's role in the energy transition. The uranium producer's rally accelerated sharply since April, mirroring revised electricity demand projections that now forecast a 55% increase by 2025—a dramatic upward revision from previous estimates.
The nuclear sector benefits from dual tailwinds: accelerating electrification across AI data centers and electric vehicles, coupled with nuclear's reliability as a baseload power source. Unlike intermittent renewables, nuclear plants provide continuous zero-emission energy—a critical advantage as global electricity demand undergoes what analysts describe as a 'step change' in growth patterns.
