Why Cameco Stock Popped 8% on Friday
CCJCameco(CCJ) The Motley Fool·2024-09-20 23:37

Interest in uranium stocks is blowing up.Uranium stocks are glowing green on Friday, and they have Constellation Energy to thank for it. This morning, the electric utility giant announced plans to restart Unit 1 at the Three Mile Island nuclear power plant by 2028, in order to supply power to Microsoft data centers.In no time flat, shares of uranium mining stocks such as Energy Fuels, Uranium Energy, and Denison Mines began powering up. None went so far as Cameco Corporation (CCJ 7.52%), however, which as o ...