Cameco (NYSE: CCJ) stock has soared more than 60% in 2025 as of this writing, but this isn’t another meme stock. Far from it.
Cameco is, in fact, a well-established stalwart in the uranium industry and is incredibly well-placed to benefit from the global nuclear energy resurgence. It is one of the few stocks you shouldn’t go wrong with if you’re looking to ride the nuclear wave.
In fact, you’ll want to grab some shares of Cameco before October ends. Here’s why.
Image source: Getty Images.
Nuclear energy is quickly taking center stage as a steady and a reliable source of clean energy to meet the surging demand for electricity, especially from artificial intelligence (AI) operations and data centers that consume massive amounts of power. That’s one of the reasons why President Donald Trump is also going all in to boost the domestic nuclear energy industry.
That also means massive potential for the supply side of the industry, especially providers of nuclear fuel, uranium. And it’s where Cameco steps in.
Cameco is one of the largest uranium miners in the world, selling uranium and fuel services to nuclear utilities across America, Europe, and Asia. Cameco’s 49% stake in Westinghouse Electric Company also makes it a top supplier of nuclear equipment and technologies.
Here’s where things start to get interesting. Cameco’s third-quarter earnings report coming up on Nov. 5 could propel the stock higher.
Cameco has two big things going for it: uranium prices and Westinghouse.
Cameco regularly calculates average industry uranium prices and releases them. Its September-end spot uranium price of $82.63 per pound, as well as long-term price of $83 per pound, are the highest in all of 2025.
With Cameco also already locking in delivery commitments for 2025 under long-term contracts, its revenue could get a solid boost in Q3, backed by higher volumes as well as prices.
Westinghouse, meanwhile, should drive Cameco’s earnings higher. Last quarter, Cameco significantly bumped up its expectations from Westinghouse. The Trump…
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