Cameco's (CCJ) Westinghouse Unit Poised for New Nuclear Reactor Deals

Cameco Corporation (NYSE:CCJ) ranks among the best energy stocks with huge upside potential. UBS began coverage of Cameco Corporation (NYSE:CCJ) on November 10 with a Neutral rating and a C$140 price target, citing recent price gains in spite of favorable industry fundamentals. UBS anticipates a substantial increase in Cameco’s profitability this decade as the energy giant recontracts supplies at ever-higher spot prices and its Westinghouse unit secures contracts on new-build nuclear reactors.

Although the firm is “on the sidelines given the recent momentum and trading premium” since the stock is trading close to full value on a number of valuation metrics, it anticipates that spot uranium prices will rise in 2026, possibly due to an inventory restocking cycle.

This follows Cameco Corporation’s financial results for the third quarter of 2025, which highlighted a mixed performance. The company reported earnings per share of $0.07, which was much lower than the expected $0.23, culminating in a 69.57% negative surprise. Cameco’s revenue, however, topped forecasts, reaching $615 million contrary to the expected $568 million.

Cameco Corporation (NYSE:CCJ) provides uranium for the generation of electricity. It operates through three segments: Uranium, Fuel Services, and Westinghouse.

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Disclosure: None. This article is originally published at Insider Monkey.