Cameco Corporation (CCJ)
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Since our last look at uranium stocks in late September, the futures price has risen by more than 8% to settle just under $49 a pound on Tuesday.
The global energy crisis, triggered in large part by a significant shortfall in EU intermittent energy generation this year, is leading to a change in the global energy outlook paradigm. 10 EU nations recently petitioned the EU to include nuclear energy as a green energy source due to low emissions.
Renewable energy may be the future, but it hasn't traditionally been a great investment. That might be changing now with these three picks.
Uranium stocks may not stop flying after the huge, unexpected development in the uranium industry.
URA: The Thrill Of The Uranium Chase
Multiple developments in uranium and nuclear-energy industries have refueled interest in uranium stocks.
Cameco and Terrestrial Energy to Examine Partnerships for Deploying IMSR Generation IV Nuclear Power Plants2021-10-13 10:00
SASKATOON, Saskatchewan, Oct. 13, 2021 (GLOBE NEWSWIRE) -- Cameco (TSX: CCO; NYSE: CCJ) and Terrestrial Energy, both leading Canadian companies in their fields, have signed a Memorandum of Understanding (MOU) to examine potential partnership opportunities to deploy Terrestrial Energy's Integrated Molten Salt Reactor (IMSR) Generation IV nuclear power plants in North America and worldwide, and to evaluate possible opportunities for the supply of uranium supply, fuel and other services. As part of these activities, the companies are investigating the potential of Cameco's Port Hope uranium conversion facility in southern Ontario for IMSR fuel salt supply.
What's bad news for your next shopping trip might be good news for certain industries. You can profit off of shortages affecting America.
The stock market is reeling, but not all equities are getting caught up in the drama. Here are three of the strongest stocks to buy now.