CCJ

Cameco (CCJ) closed at $82.02, up 1.88% but down 14.89% over the past month, underperforming the broader market. The uranium producer is expected to report earnings of $0.23 per share on October 30, 2026, representing 360% year-over-year growth. However, the stock carries a Zacks Rank #3 (Hold) rating with a Forward P/E of 75.24, significantly above the industry average of 16.79, suggesting premium valuation concerns.

Cameco (CCJ) declined 5.43% in recent trading, underperforming the S&P 500. The uranium producer is expected to report Q3 2026 earnings on October 30 with forecasted EPS of $0.23 (up 360% YoY) and revenue of $494.94 million (up 10.91% YoY). However, the stock carries a Zacks Rank #3 (Hold) rating with a Forward P/E of 80.77, significantly above the industry average of 17.7, suggesting premium valuation despite positive earnings growth expectations.

Amazon and Alphabet have signed 20-year nuclear power purchase agreements with Constellation Energy, signaling the tech industry's commitment to nuclear energy for AI data centers. While Constellation is well-positioned as a major nuclear generator, Cameco—which supplies uranium and owns 49% of Westinghouse—is highlighted as a better investment opportunity, trading 35% below analyst targets as nuclear capacity is expected to triple by 2050.