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Cameco (CCJ) Stock Surges 11% On Westinghouse Nuclear Deal: What's Going On?
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Cameco (CCJ) Stock Surges 11% On Westinghouse Nuclear Deal: What's Going On?
Jun 9, 2025 10:01 AM

Shares of Cameco Corp ( CCJ ) soared on Monday, trading up over 11% at $67.29 by late morning. The move higher followed the company’s announcement of a substantial expected boost to its earnings from its equity stake in Westinghouse Electric Company.

What To Know: Cameco ( CCJ ), which holds a 49% interest in Westinghouse, revealed it anticipates an approximate $170 million increase in its share of Westinghouse’s adjusted EBITDA for the second quarter and full year of 2025.

This positive financial revision is directly linked to Westinghouse’s role as a subcontractor in the construction of two new nuclear reactors at the Dukovany power plant in the Czech Republic.

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In addition to the immediate EBITDA uplift in 2025, Cameco ( CCJ ) expects long-term financial benefits for Westinghouse through the duration of the Dukovany project, including the provision of fuel fabrication services for both reactors for a specified period.

This development is a significant return on investment for Cameco ( CCJ ) and its partner, Brookfield Renewable Partners, which owns the remaining 51% of Westinghouse. Despite this one-time boost, the long-term outlook for Westinghouse’s compound annual growth rate for adjusted EBITDA is maintained at a steady 6% to 10% over the next five years.

The news was met with strong investor confidence Monday morning, reflected in the heavy trading volume of over 9.5 million shares, double the 100-day average.

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How To Buy CCJ Stock

By now you're likely curious about how to participate in the market for Cameco ( CCJ ) – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

According to data from Benzinga Pro, CCJ has a 52-week high of $68.12 and a 52-week low of $35.00.

Image: AI Generated

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