Goldman Sachs reaffirms Buy rating on Cameco (CCJ) following potential executive order for nuclear energy sector

From Yahoo Finance: 2025-05-26 09:21:00

Goldman Sachs reaffirmed its Buy rating on Cameco Corporation (CCJ) following a 130% year-to-date gain, coinciding with reports of a potential executive order from President Trump to support the nuclear energy sector.

The executive order aims to reduce America’s reliance on uranium supplies from China and Russia, promoting the use of the Department of Energy’s Loan Programs Office for nuclear energy projects. Goldman Sachs analysts believe CCJ will benefit from this move, especially with its ownership in Westinghouse Electric, a company involved in new reactor construction and operation.

While CCJ shows promise for growth, some AI stocks may offer higher returns with limited downside risk.



Read more at Yahoo Finance: Goldman Sachs Maintains Buy Rating on Cameco (CCJ)