Cameco

Google, Amazon and Meta have raised 2026 capex forecasts, accelerating demand for electricity to power AI data centers. Nuclear power is presented as a long-term, low-carbon solution, and Cameco supplies uranium fuel and holds a 49% stake in Westinghouse, giving it exposure to reactor services. While benefits will materialize over years as reactors come online, analysts remain largely bullish on Cameco with above-current price targets. » More on finance.yahoo.com

Cameco missed analyst expectations in the second quarter with adjusted EPS of $0.1268 (expectation $0.28) and revenue of $573.46 million (expectation $592.27 million). The stock climbed 4.3% in pre-market trading as investors focused on higher uranium prices, a confirmed 2026 production guidance (19.5–21.5 million pounds U3O8) and long-term contract hedging. Management cited the absence of one-time contributions from Westinghouse and temporary operational disruptions in Saskatchewan as reasons for the weaker quarter, but emphasized Westinghouse’s strategic importance and the robust uranium market. The cost outlook was raised due to currency effects, though the company still views the long-term outlook as positive. » More on de.investing.com

The Global X Uranium ETF (URA) dropped about 18% over the past month even though spot uranium remains near $85 per pound, highlighting a disconnect between miner equities and the commodity. URA's heavy concentration in Cameco, which fell roughly 19% in a month, is the primary driver of the ETF underperformance. Investors should watch long-term utility contract prices (UxC/TradeTech) and Cameco's realized price and contracted deliveries in its next earnings release to gauge whether miners and URA can recover. » More on finance.yahoo.com