Legislation favoring nuclear energy boosted Cameco stock nearly 26%, with potential for increased earnings.

The One, Big, Beautiful Bill supported the nuclear industry by curbing subsidies for renewable energy. Cameco (NYSE: CCJ) benefited from the legislation and a deal between Constellation Energy and Meta Platforms. Cameco also saw a boost in earnings from its investment in Westinghouse Electric.

The One, Big, Beautiful Bill signed into law in early July limited subsidies for renewable energy, benefiting nuclear. Constellation Energy’s deal with Meta Platforms to supply nuclear energy was a significant development. Cameco anticipates increased earnings from Westinghouse Electric.

Cameco’s investment in Westinghouse Electric is expected to result in higher earnings. The company has benefited from legislative changes supporting nuclear energy and from partnerships in the industry. Investors have been energized by Cameco’s performance in the market.

Read more at Nasdaq: Why Cameco Stock Blasted Nearly 26% Higher Last Month