Top Stock Picks of 2026: This Uranium Stock Is an Energy Winner

For the next few weeks, we're going to highlight one of Schaeffer's top 15 picks for 2026. Today, we have uranium stock Cameco Corp (NYSE:CCJ). To access the entirety of the 2026 report, click here.

The following is our analysis from Dec. 23 for the upcoming year. CCJ was the third-best performer for Q1 and is 31% higher on the year.

Cameco (CCJ) is benefiting from the increased demand for alternate energy sources, as many experts are betting on the future of nuclear power. If the AI trend is to sustain its current growth rate, the need for power and data centers will also need to increase. With additional backing by the Trump administration, tailwinds could be in store.

Even further, deglobalization and geopolitical risks could create even higher demand, with the U.S. locked in AI race against China that benefits the western supplier.

CCJ is currently up over 80% year to date, after breaking out of a range between $35 and $60, where it spent most of 2024. Now the equity is consolidating above this region and possibly gearing up for its next move higher.