Is It Worth Investing in Cameco (CCJ) Based on Wall Street's Bullish Views?
Is AI nuclear power dangerous? The proposal to increase power supply for the amazon datacenter was rejected, causing a major drop in US nuclear power stocks.
The U.S. Federal Energy Regulatory Commission (FERC) voted last week to reject nucleosynthesis operator Talen Energy's plan to increase power supply to Amazon datacenters, causing the company and other U.S. nuclear power companies' stocks to plummet significantly on Monday. Constellation Energy's stock fell by as much as 13% on Monday, while Talen's stock price dropped by a maximum of 8.6%, and Centrus Energy dropped by around 22%. OKLO, held by OpenAI CEO Sam Altman, also dropped by about 14.3% at one point. Analysts say FERC's decision is a significant blow to the theme of investing in nuclear power datacenters.
Nuclear Stocks Are Tumbling Monday: What's Going On?
Constellation Energy Tops S&P Losers List on Amazon Nuclear Power Deal Setback
Earnings Preview: Cameco to Report Financial Results Pre-market on November 07
$Cameco(CCJ.US)$ is scheduled to release its financial results pre-market on November 07 ET. Earnings PreviewAnalysts estimate $Cameco(CCJ.US)$ to post revenue of CAD751.81M for 2024Q3, up 30.73% YOY;
Cameco Corporation's (TSE:CCO) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?