Cameco (NYSE:CCJ) Stock, Quote.Headers.trade-ideas

Cameco

Cameco Corp is a provider of uranium needed to generate clean, reliable baseload electricity around the globe. one of those uranium producers. Cameco has three reportable segments, uranium, fuel services and Westinghouse. It derives maximum revenue from Uranium Segment. It has some projects namely; Millennium, Yeelirrie, Kintyre and Exploration. The company operates in Canada, Kazakhstan, Germany, Australia and United States.

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Global demand for uranium is rising due to nuclear energy&#39;s importance in the clean energy transition. Cameco and Sprott Uranium Trust are good investment options with strong fundamentals and potential for growth.

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Cameco Corp

<p>Financial giants have made a conspicuous bearish move on Cameco. Our analysis of options history for Cameco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCJ#NYSE">CCJ</a>) revealed 10 unusual trades.</p>
<p>Delving into the details, we found 30% of traders were bullish, while 70% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $259,065, and 3 were calls, valued at $129,165.</p>
<h3>Expected Price Movements</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $35.0 and $60.0 for Cameco, spanning the last three months.</p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.</p>
<p>This data can help you track the liquidity and interest for Cameco's options for a given strike price.</p>
<p>Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Cameco's whale activity within a strike price range from $35.0 to $60.0 in the last 30 days. </p>
<h3>Cameco Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1721667635_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>CCJ</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$3.2</td>
<td>$3.15</td>
<td>$3.2</td>
<td>$47.00</td>
<td>$64.0K</td>
<td>1.0K</td>
<td style="text-align: right;">4</td>
</tr>
<tr>
<td>CCJ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$7.75</td>
<td>$7.6</td>
<td>$7.6</td>
<td>$50.00</td>
<td>$63.8K</td>
<td>102</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>CCJ</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$13.85</td>
<td>$13.75</td>
<td>$13.75</td>
<td>$60.00</td>
<td>$57.7K</td>
<td>483</td>
<td style="text-align: right;">3</td>
</tr>
<tr>
<td>CCJ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$3.3</td>
<td>$3.25</td>
<td>$3.25</td>
<td>$48.00</td>
<td>$35.7K</td>
<td>11.0K</td>
<td style="text-align: right;">5</td>
</tr>
<tr>
<td>CCJ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$3.3</td>
<td>$3.25</td>
<td>$3.25</td>
<td>$48.00</td>
<td>$29.5K</td>
<td>11.0K</td>
<td style="text-align: right;">5</td>
</tr>
</tbody>
</table>
</p>
<h3>About Cameco</h3>
<p>Cameco Corp is a provider of uranium needed to generate clean, reliable baseload electricity around the globe. one of those uranium producers. Cameco has three reportable segments, uranium, fuel services and Westinghouse. It derives maximum revenue from Uranium Segment. It has some projects namely; Millennium, Yeelirrie, Kintyre and Exploration. The company operates in Canada, Kazakhstan, Germany, Australia and United States.</p>
<p>In light of the recent options history for Cameco, it's now appropriate to focus on the company itself. We aim to explore its current performance.</p>
<h3>Present Market Standing of Cameco</h3>
<ul>
<li>Currently trading with a volume of 1,254,644, the CCJ's price is up by 1.5%, now at $47.33. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 9 days.</li>
</ul>
<h3>What Analysts Are Saying About Cameco</h3>
<p>Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $60.5.</p>
<ul>
<li>Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Cameco with a target price of $60. </li>
</ul>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Cameco with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Options

Cameco Unusual Options Activity For July 22

<p>I spent some time on the Benzinga &#8220;Live Trading&#8221; show with <strong>Ryan Faloona</strong> and the crew last week talking about uranium stocks. Nuclear energy is attracting a lot of attention, including more than its share from traders.</p>
<p>As a long-term investor and research-driven analyst, I might not be much help to traders, but I think I can help investors. I have been an unabashed bull on nuclear energy and uranium for some time, and I have gotten to know the market pretty well.</p>
<p>Right now, there are 436 operational reactors worldwide and 173 more under construction.</p>
<p>That is not going to be enough in the long run.</p>
<p>It has always been clear to me the path to a zero-emission future is to go from natural gas to nuclear and renewable. Wind and solar were never going to be enough to meet the world&#8217;s rising energy demand. No matter how you feel about climate change, developing renewable, clean resources is just smart.</p>
<p>The brain-dead politicians, misguided activists and instant experts around the world will eventually have to accept that you cannot go green without nuclear energy unless you are willing to reduce the standard of living of almost every single person on the planet.</p>
<p>Expanding the usage of nuclear energy is not a choice. It is a must to power the future.</p>
<p>We are going to need a lot of uranium.</p>
<p><strong>The</strong> <strong>Uranium Landscape:</strong> Global uranium production has consistently lagged behind demand, creating a significant deficit that is expected to persist.  Financial buyers like hedge funds and ETFs have also been buying uranium, further reducing the supply.</p>
<p>Geopolitical factors are further shaping the uranium market landscape. The Russia-Ukraine conflict has disrupted supply chains, particularly for European utilities dependent on Russian uranium. This situation has highlighted the importance of diversifying uranium sources and has led to increased interest in secure, stable supplies from other regions. As a result, producers outside of Russia may see increased demand for their uranium resources.</p>
<p><strong>Uranium Investment Ideas: </strong>Given these market dynamics, here are two solid investment options to consider.</p>
<p><strong>Cameco</strong> <strong>Corp.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCJ#NYSE">CCJ</a>) stands out as a leading player in the uranium market and is well-positioned to benefit from the industry&#8217;s growth. </p>
<p>The strong demand for uranium aligns well with Cameco&#8217;s production capabilities. The company&#8217;s strategic assets, including high-grade uranium mines, ensure cost-effective production. Favorable market dynamics support higher uranium prices, benefiting Cameco&#8217;s bottom line. The company&#8217;s long-term contracts and strategic partnerships provide revenue stability. Cameco&#8217;s solid financial health and positive investor sentiment contribute to its growth potential.</p>
<p>Keep in mind that Cameco is a twin momentum stock. The shares are attracting institutional attention because sales and earnings are rising rapidly. Analysts are scrambling to raise their earnings estimate for the company and urging their institutional customers to buy the stock.</p>
<p>If the fundamentals drive the price higher, you can hold the stock for a long ride. Do not play guessing games if it slows down or there is significant selling pressure.&nbsp;</p>
<p>Exit the stock and wait for the momentum to reassert itself.</p>
<p><strong>Sprott Physical Uranium Trust</strong> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SRUUF#OTC">SRUUF</a>) offers a unique way to gain direct exposure to physical uranium. It provides direct exposure to uranium without the operational risks associated with mining stocks. The trust benefits from rising global demand for uranium and nuclear energy. It acts as a potential hedge against inflation. </p>
<p>I have owned this for years and have no intention of selling it anytime soon.</p>
<p>While the uranium market offers opportunities, it is crucial to approach certain investments with caution.</p>
<p>Despite its innovative small modular reactor technology, <strong>NuScale Power Corp</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>) faces significant challenges. Project delays and cost overruns have eroded investor confidence.</p>
<p>Regulatory and safety hurdles pose ongoing challenges for the company. NuScale&#8217;s financial instability and high cash burn rate raise concerns about its long-term viability.&nbsp;</p>
<p>The company faces competitive disadvantages against other renewable energy sources.&nbsp;</p>
<p>Companies developing uranium projects without current sales or profitability carry substantial risks. The highly speculative nature of these stocks leads to extreme price volatility. Their lack of revenue and profitability creates a dependency on external financing. These companies face significant operational and execution risks, especially those without proven track records. Regulatory and political risks can impact project viability for uranium story stocks. Market sentiment-driven price fluctuations can result in significant losses for investors.</p>
<p>The uranium market presents a compelling opportunity for investors, driven by increasing global demand for nuclear energy and supply constraints. Cameco Corporation and the Sprott Physical Uranium Trust offer solid options for gaining exposure to this growing market.&nbsp;</p>
<p>Avoiding the empty shell story stocks with no hopes of profits for at least a decade is crucial. </p>
<p><em>Photo by metamorworks via Shutterstock</em>.</p>


<p>Investors with a lot of money to spend have taken a bullish stance on <strong>Cameco</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCJ#NYSE">CCJ</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with CCJ, it often means somebody knows something is about to happen.</p>
<p>So how do we know what these investors just did? </p>
<p>Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 13 uncommon options trades for Cameco.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 53% bullish and 23%, bearish.</p>
<p>Out of all of the special options we uncovered, 4 are puts, for a total amount of $982,113, and 9 are calls, for a total amount of $734,557.</p>
<h3>Predicted Price Range</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $33.0 and $60.0 for Cameco, spanning the last three months.</p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Cameco's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Cameco's significant trades, within a strike price range of $33.0 to $60.0, over the past month.</p>
<h3>Cameco Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1721236544_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>CCJ</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$9.35</td>
<td>$9.25</td>
<td>$9.35</td>
<td>$50.00</td>
<td>$675.4K</td>
<td>129</td>
<td style="text-align: right;">3</td>
</tr>
<tr>
<td>CCJ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$11.3</td>
<td>$11.0</td>
<td>$11.27</td>
<td>$50.00</td>
<td>$437.9K</td>
<td>1.1K</td>
<td style="text-align: right;">6</td>
</tr>
<tr>
<td>CCJ</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$2.25</td>
<td>$2.19</td>
<td>$2.19</td>
<td>$41.00</td>
<td>$224.4K</td>
<td>1.0K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>CCJ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/09/24</td>
<td>$2.33</td>
<td>$2.12</td>
<td>$2.12</td>
<td>$48.00</td>
<td>$64.5K</td>
<td>2</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>CCJ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$2.92</td>
<td>$2.89</td>
<td>$2.92</td>
<td>$50.00</td>
<td>$58.2K</td>
<td>4.5K</td>
<td style="text-align: right;">171</td>
</tr>
</tbody>
</table>
</p>
<h3>About Cameco</h3>
<p>Cameco Corp is a provider of uranium needed to generate clean, reliable baseload electricity around the globe. one of those uranium producers. Cameco has three reportable segments, uranium, fuel services and Westinghouse. It derives maximum revenue from Uranium Segment. It has some projects namely; Millennium, Yeelirrie, Kintyre and Exploration. The company operates in Canada, Kazakhstan, Germany, Australia and United States.</p>
<p>Having examined the options trading patterns of Cameco, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>Present Market Standing of Cameco</h3>
<ul>
<li>With a trading volume of 4,556,616, the price of CCJ is down by -7.92%, reaching $47.3.</li>
<li>Current RSI values indicate that the stock is may be approaching oversold.</li>
<li>Next earnings report is scheduled for 14 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for Cameco</h3>
<p>1 market experts have recently issued ratings for this stock, with a consensus target price of $60.5.</p>
<ul>
<li>An analyst from B of A Securities has decided to maintain their Buy rating on Cameco, which currently sits at a price target of $60. </li>
</ul>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for Cameco, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Unpacking the Latest Options Trading Trends in Cameco

WIIM

UUUU

Shares of US-traded uranium companies are trading lower amid a drop in the price of uranium.

<p>Cameco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCJ#NYSE">CCJ</a>) has outperformed the market over the past 5 years by 24.93% on an annualized basis producing an average annual return of 38.54%. Currently, Cameco has a market capitalization of $22.67 billion. </p>
<p><strong>Buying $100 In CCJ:</strong> If an investor had bought $100 of CCJ stock 5 years ago, it would be worth <strong>$508.92</strong> today based on a price of $52.17 for CCJ at the time of writing.</p>
<h3>Cameco's Performance Over Last 5 Years</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1721061032_0.png" alt="comp_fig" /></p>
<p>Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


If You Invested $100 In This Stock 5 Years Ago, You Would Have $500 Today

<p>These eleven large-cap stocks were the best performers in the last week. Are they in your portfolio?</p>
<ol>
<li><strong>Rivian Automotive Inc</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) stock gained 21.37% in the last week <a href="https://www.benzinga.com/economics/macro-economic-events/24/07/39728268/inflation-slows-more-expected-to-3-in-june-heightens-expectations-for-rate-cuts-t" target="_blank" rel="noreferrer noopener">following recent CPI Data</a>. Additionally, the <strong>Department of Energy</strong> disclosed a $1.7 billion investment to transform 11 auto facilities that are either shut down or at risk into electric vehicle manufacturing plants and supply chain hubs.</li>
<li><strong>Enphase Energy Inc</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EMPH#NASDAQ">EMPH</a>) stock upped 21.15% after the company announced residential and commercial products that can help solar projects qualify for the &#8220;Domestic Content Bonus Credit.&#8221;</li>
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<li><strong>TopBuild Corp. </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLD#NYSE">BLD</a>) shares rose 12.15% as homebuilders, building companies, and housing-related stocks gained in the last week following softer-than-expected June CPI figures.</li>
<li><strong>Baidu, Inc. </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) stock escalated 11.80% on reports of growing interest in its <a href="https://www.benzinga.com//node/39709053" target="_blank" rel="noreferrer noopener">Apollo Go robotaxi service in China</a>.</li>
<li><strong>Corning Inc.&#8217;s</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) stock gained 11.54% after it increased its Q2 core sales guidance. Several analysts also raised their <a href="https://www.benzinga.com/quote/GLW/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecasts</a> for the stock.</li>
<li><strong>Insmed Incorporated</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INSM#NASDAQ">INSM</a>) shares gained 11.04% last week as analysts raised <a href="https://www.benzinga.com/quote/insm/analyst-ratings" target="_blank" rel="noreferrer noopener">their price forecasts</a> for the stock.</li>
<li><strong>Toll Brothers, Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) stock increased 10.96%. Stocks of homebuilders, building companies and housing-related companies gained as Treasury yields dropped following softer-than-expected June CPI.</li>
<li><strong>Sony Group Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) shares were up 10.53% in sympathy after Paramount Global agreed to merge with Skydance Media.</li>
<li><strong>VinFast Auto Ltd.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFS#NASDAQ">VFS</a>) shares jumped 9.73%. Bloomberg reported Wednesday that the company is seeking a&nbsp;$250 million&nbsp;bank <a href="https://www.benzinga.com//node/39739997" target="_blank" rel="noreferrer noopener">loan to&nbsp;expand in Indonesia</a>.&nbsp;</li>
<li><strong>Kinross Gold Corp</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KGC#NYSE">KGC</a>) stock gained 8.75% last week after several analysts <a href="https://www.benzinga.com/quote/KGC/analyst-ratings" target="_blank" rel="noreferrer noopener">raised their price forecasts</a>.</li>
</ol>
<p><strong>Also Read</strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/markets/equities/24/07/39763431/netflix-delta-air-lines-and-hubspot-are-among-top-10-large-stocks-that-performed-worst-this-week" target="_blank" rel="noreferrer noopener">Netflix, Delta Air Lines And HubSpot Are Among Top 10 Large Stocks That Performed Worst This Week (July 7-July 13): Are The Others In Your Portfolio?</a></strong></li>
<li><strong><a href="https://www.benzinga.com/markets/equities/24/07/39763602/xpeng-quantumscape-are-among-top-11-mid-cap-stocks-that-performed-well-last-week-july-7-july-13-">XPeng &amp; QuantumScape Are Among Top 11 Mid Cap Stocks That Performed Well Last Week (July 7-July 13): Details</a></strong></li>
</ul>
<p><em>Photo Courtesy of Rivian Automotiv</em>e</p>


Rivian Automotive & Baidu Are Among Top 11 Large Cap Stocks That Shined The Brightest Last Week (July 7-July 13): Are The Others In Your Portfolio?

<p>Shares of uranium companies, including<strong> Cameco Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCJ#NYSE">CCJ</a>), are trading higher after President Biden signed the ADVANCE Act on Tuesday <a href="https://www.epw.senate.gov/public/index.cfm/press-releases-republican?ID=CE1A786D-7172-4E9B-8647-8E8C09886C03">to support nuclear power</a>. </p>
<p><strong>What To Know: </strong>The<strong> ADVANCE Act</strong> is a bipartisan bill aimed at bolstering the nuclear power sector. It speeds up the licensing process for new nuclear reactors, reduces associated fees and mandates the Nuclear Regulatory Commission to explore ways to simplify and shorten environmental reviews.</p>
<p>Supporters, including Sen. <strong>Tom Carper </strong>(D-Del.) and Sen. <strong>Shelley Moore Capito</strong> (R-W.Va.), praised the bill for enhancing energy and national security, lowering greenhouse gas emissions, and creating jobs. Carper called it a significant step for the climate and America&#8217;s clean energy future.</p>
<p><strong>What Else: </strong>However, the bill faced criticism. Rep. <strong>Rashida Tlaib</strong> (D-Mich.) raised concerns about nuclear safety and waste management. Critics also worried about a provision that might prevent the Nuclear Regulatory Commission from &#8220;unnecessarily&#8221; limiting nuclear power.</p>
<p><strong>CCJ Price Action: </strong>Cameco shares were up by 8.7% at $53.26 according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a></p>
<p><figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="549" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/10134045/CCJ-1024x549.png" alt="" class="wp-image-429320" style="width:561px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/10134045/CCJ-1024x549.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/10134045/CCJ-300x161.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/10134045/CCJ-768x412.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/10134045/CCJ.png 1065w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></p>
<p><em>See Also: <a href="https://www.benzinga.com/general/politics/24/07/39713902/nancy-pelosi-urges-biden-to-make-that-decision-on-political-future-time-is-running-short">Nancy Pelosi Urges Biden To &#8216;Make That Decision&#8217; On Political Future: &#8216;Time Is Running Short&#8217;</a></em></p>
<p><em>Photo by frederic-paulussen- for Unsplash</em>.</p>


Cameco Shares Surge As Biden Signs ADVANCE Act To Boost Nuclear Power

<p>Investors with a lot of money to spend have taken a bullish stance on <strong>Cameco</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCJ#NYSE">CCJ</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with CCJ, it often means somebody knows something is about to happen.</p>
<p>Today, Benzinga's options scanner spotted 10 options trades for <strong>Cameco</strong>.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 60% bullish and 10%, bearish.</p>
<p>Out of all of the options we uncovered, there was 1 put, for a total amount of $25,000, and 9, calls, for a total amount of $368,020.</p>
<h3>Predicted Price Range</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $45.0 and $75.0 for Cameco, spanning the last three months.</p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Cameco's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Cameco's significant trades, within a strike price range of $45.0 to $75.0, over the past month.</p>
<h3>Cameco Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1720625757_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>CCJ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$3.3</td>
<td>$3.25</td>
<td>$3.25</td>
<td>$75.00</td>
<td>$92.3K</td>
<td>33</td>
<td>94</td>
</tr>
<tr>
<td>CCJ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>07/12/24</td>
<td>$1.15</td>
<td>$1.03</td>
<td>$1.1</td>
<td>$52.00</td>
<td>$55.6K</td>
<td>1.2K</td>
<td>2.1K</td>
</tr>
<tr>
<td>CCJ</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>07/12/24</td>
<td>$0.86</td>
<td>$0.8</td>
<td>$0.83</td>
<td>$52.00</td>
<td>$38.1K</td>
<td>1.2K</td>
<td>976</td>
</tr>
<tr>
<td>CCJ</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/12/24</td>
<td>$1.14</td>
<td>$1.07</td>
<td>$1.14</td>
<td>$51.00</td>
<td>$34.7K</td>
<td>2.4K</td>
<td>1.3K</td>
</tr>
<tr>
<td>CCJ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/12/24</td>
<td>$0.28</td>
<td>$0.27</td>
<td>$0.28</td>
<td>$51.00</td>
<td>$33.9K</td>
<td>2.4K</td>
<td>0</td>
</tr>
</tbody>
</table>
</p>
<h3>About Cameco</h3>
<p>Cameco Corp is a provider of uranium needed to generate clean, reliable baseload electricity around the globe. one of those uranium producers. Cameco has three reportable segments, uranium, fuel services and Westinghouse. It derives maximum revenue from Uranium Segment. It has some projects namely; Millennium, Yeelirrie, Kintyre and Exploration. The company operates in Canada, Kazakhstan, Germany, Australia and United States.</p>
<p>Having examined the options trading patterns of Cameco, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>Cameco's Current Market Status</h3>
<ul>
<li>Trading volume stands at 2,658,486, with CCJ's price up by 2.74%, positioned at $50.33.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 21 days.</li>
</ul>
<h3>What The Experts Say On Cameco</h3>
<p>Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $60.5.</p>
<ul>
<li>Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for Cameco, targeting a price of $60. </li>
</ul>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Cameco with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Cameco's Options: A Look at What the Big Money is Thinking

Shares of uranium companies are trading higher after President Biden signed the ADVANCE Act on Tuesday to support nuclear power.

<p><a href="https://thehill.com/policy/energy-environment/4762188-biden-signs-bipartisan-nuclear-bill/" title="https://thehill.com/policy/energy-environment/4762188-biden-signs-bipartisan-nuclear-bill/">https://thehill.com/policy/energy-environment/4762188-biden-signs-bipartisan-nuclear-bill/</a></p>


URNM

'Biden signs bill bolstering nuclear power' - The Hill

URAA

US Starts Accepting Bids For $2.7B In Uranium Purchases

<p>B of A Securities  analyst Lawson Winder   maintains Cameco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCJ#NYSE">CCJ</a>) with a Buy and raises the price target from $59 to $60.5.</p>


Price Target

Analyst Ratings

B of A Securities Maintains Buy on Cameco, Raises Price Target to $60.5

<p>Deep-pocketed investors have adopted a bullish approach towards Cameco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCJ#NYSE">CCJ</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CCJ usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for Cameco. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 50% leaning bullish and 40% bearish. Among these notable options, 3 are puts, totaling $262,239, and 7 are calls, amounting to $347,875.</p>
<h3>Expected Price Movements</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $41.0 to $75.0 for Cameco over the last 3 months. </p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.</p>
<p>This data can help you track the liquidity and interest for Cameco's options for a given strike price.</p>
<p>Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Cameco's whale activity within a strike price range from $41.0 to $75.0 in the last 30 days. </p>
<h3>Cameco Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1719348341_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>CCJ</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$2.12</td>
<td>$1.89</td>
<td>$1.9</td>
<td>$41.00</td>
<td>$195.2K</td>
<td>14</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>CCJ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$4.05</td>
<td>$3.95</td>
<td>$4.0</td>
<td>$50.00</td>
<td>$110.4K</td>
<td>3.4K</td>
<td style="text-align: right;">28</td>
</tr>
<tr>
<td>CCJ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$6.35</td>
<td>$6.25</td>
<td>$6.35</td>
<td>$45.00</td>
<td>$69.8K</td>
<td>335</td>
<td style="text-align: right;">10</td>
</tr>
<tr>
<td>CCJ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$0.89</td>
<td>$0.83</td>
<td>$0.83</td>
<td>$75.00</td>
<td>$41.6K</td>
<td>1.0K</td>
<td style="text-align: right;">402</td>
</tr>
<tr>
<td>CCJ</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$2.5</td>
<td>$2.42</td>
<td>$2.46</td>
<td>$47.00</td>
<td>$40.0K</td>
<td>690</td>
<td style="text-align: right;">343</td>
</tr>
</tbody>
</table>
</p>
<h3>About Cameco</h3>
<p>Cameco Corp is a provider of uranium needed to generate clean, reliable baseload electricity around the globe. one of those uranium producers. Cameco has three reportable segments, uranium, fuel services and Westinghouse. It derives maximum revenue from Uranium Segment. It has some projects namely; Millennium, Yeelirrie, Kintyre and Exploration. The company operates in Canada, Kazakhstan, Germany, Australia and United States.</p>
<p>After a thorough review of the options trading surrounding Cameco, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Current Position of Cameco</h3>
<ul>
<li>Currently trading with a volume of 2,421,416, the CCJ's price is down by -0.79%, now at $50.04. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 36 days.</li>
</ul>
<h3>What The Experts Say On Cameco</h3>
<p>A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $62.0.</p>
<ul>
<li>An analyst from Goldman Sachs has decided to maintain their Buy rating on Cameco, which currently sits at a price target of $62. </li>
</ul>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for Cameco, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Cameco Unusual Options Activity For June 25

<p>Investors with a lot of money to spend have taken a bearish stance on <strong>Cameco</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCJ#NYSE">CCJ</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with CCJ, it often means somebody knows something is about to happen.</p>
<p>So how do we know what these investors just did? </p>
<p>Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 9 uncommon options trades for Cameco.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 33% bullish and 55%, bearish.</p>
<p>Out of all of the special options we uncovered, 2 are puts, for a total amount of $91,250, and 7 are calls, for a total amount of $305,104.</p>
<h3>What's The Price Target?</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $48.0 and $75.0 for Cameco, spanning the last three months.</p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>In terms of liquidity and interest, the mean open interest for Cameco options trades today is 4348.8 with a total volume of 1,555.00.</p>
<p>In the following chart, we are able to follow the development of volume and open interest of call and put options for Cameco's big money trades within a strike price range of $48.0 to $75.0 over the last 30 days.</p>
<h3>Cameco 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1718721068_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>CCJ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$7.3</td>
<td>$7.2</td>
<td>$7.3</td>
<td>$48.00</td>
<td>$83.9K</td>
<td>10.9K</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>CCJ</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$1.5</td>
<td>$1.46</td>
<td>$1.5</td>
<td>$55.00</td>
<td>$75.0K</td>
<td>6.2K</td>
<td style="text-align: right;">544</td>
</tr>
<tr>
<td>CCJ</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$7.3</td>
<td>$7.2</td>
<td>$7.3</td>
<td>$55.00</td>
<td>$53.2K</td>
<td>937</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>CCJ</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$7.3</td>
<td>$7.2</td>
<td>$7.3</td>
<td>$55.00</td>
<td>$37.9K</td>
<td>937</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>CCJ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$6.45</td>
<td>$6.4</td>
<td>$6.45</td>
<td>$50.00</td>
<td>$32.2K</td>
<td>3.3K</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
</p>
<h3>About Cameco</h3>
<p>Cameco Corp is a provider of uranium needed to generate clean, reliable baseload electricity around the globe. one of those uranium producers. Cameco has three reportable segments, uranium, fuel services and Westinghouse. It derives maximum revenue from Uranium Segment. It has some projects namely; Millennium, Yeelirrie, Kintyre and Exploration. The company operates in Canada, Kazakhstan, Germany, Australia and United States.</p>
<p>After a thorough review of the options trading surrounding Cameco, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Present Market Standing of Cameco</h3>
<ul>
<li>Currently trading with a volume of 514,696, the CCJ's price is up by 1.51%, now at $52.06. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 43 days.</li>
</ul>
<h3>What The Experts Say On Cameco</h3>
<p>In the last month, 1 experts released ratings on this stock with an average target price of $62.0.</p>
<ul>
<li>Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for Cameco, targeting a price of $62. </li>
</ul>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Cameco options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


Market Whales and Their Recent Bets on CCJ Options

SaskPower, Westinghouse, and Cameco Sign MOU to Evaluate Westinghouse Nuclear Reactor Technology for Saskatchewan's Future Clean Power Needs

<p class="articleSource"><strong>Source: <a href="https://www.streetwisereports.com/article/2024/06/11/uranium-stock-set-to-reverse-to-the-upside-expert-says.html?utm_medium=feed">Clive Maund 06/11/2024</a></strong></p>
<p>Technical Analyst Clive Maund shares his thoughts on Tisdale Clean Energy Corp. to explain why he believes it is a Strong Buy.</p>
<p><strong>Tisdale Clean Energy Corp.</strong> (OTC: <a class="ticker" href="https://www.benzinga.com/stock/tceff#OTC">TCEFF</a>) is looking for uranium in the prolific Athabasca Basin in Saskatchewen.</p>
<p>This is a place that hosts a range of significant deposits with the company&#39;s South Falcon East flagship property located.</p>
<p>This is shown on the following slide from the company&#39;s latest investor deck at the southeast of the basin.</p>
<p><img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202461195835_1.jpg" style="height:764px; width:1000px" /></p>
<p>The next slide shows that there are big uranium companies active in the area, such as <strong>Cameco Corp. </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ccj#NYSE">CCJ</a>), <strong>Denison Mines Corp. </strong>(AMEX:DNN), and <strong>NexGen Energy Ltd. </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nxe#NYSE">NXE</a>), and they would not be there without good reason, so the chances of making a significant discovery are high.</p>
<p><img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202461195859_2.jpg" style="height:739px; width:1000px" /></p>
<p>This next slide shows the company&#39;s South Falcon East property in more detail, and on it, we can see the proximity of big players like Cameco and <strong>Rio Tinto Plc </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/rtntf#OTC">RTNTF</a>).</p>
<p><img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202461195920_3.jpg" style="height:764px; width:1000px" /></p>
<p>Note that drilling and exploration will be ongoing as the year unfolds. To learn more about the geology of the property, visit the company&#39;s latest investor deck.</p>
<p>Turning now to the latest stock charts we see that although Tisdale Clean Energy has put in a disappointing performance since we looked at it in January, at this point it continues to show signs that it is set to reverse to the upside soon.</p>
<p>On its latest 2-year plus chart, we can see that the downtrend in the stock from the Spring of last year shows marked convergence, which means that it is a bullish Falling Wedge. The reason that such a pattern is bullish is that it shows a diminution of downside momentum such as frequently precedes a reversal to the upside, and in this case, such a reversal is made a lot more likely by the continuing resilience of the Accumulation line which has held up remarkably well as the price has dropped, even if this is little consolation to holders of the stock, and it is even close to making new highs.</p>
<p>These two important factors taken together make it highly likely that the stock will soon take a turn for the better, so we will now look for evidence that it may be about to reverse on the 1-year chart.</p>
<p><img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202461195946_4.jpg" style="height:857px; width:860px" /></p>
<p>On the 1-year chart, we can see that a potential small Double Bottom may be forming with the late April lows, especially given the positive factors that we have already discussed, and that is considered to be a fair chance that it will break higher soon off the support at these lows.</p>
<p>However, given that this is a small pattern and that moving averages are still in unfavorable alignment, one possibility that we should be aware of is a false break to the downside, a so-called &quot;head fake&quot; followed by a rapid reversal to the upside leading to continued advance.</p>
<p><img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/2024611100008_5.jpg" style="height:857px; width:853px" /></p>
<p>Tisdale Clean Energy is therefore rated a Strong Buy here for all time horizons.</p>
<p><strong>Tisdale Clean Energy Corp. </strong>closed for trading at CA$0.095, US$0.062 on June 10, 2024</p>
<p>Important Disclosures:</p>
<ol>
<li>Tisdale Clean Energy Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000. In addition, Tisdale Clean Energy Corp. has a consulting relationship with an affiliate of Streetwise Reports, and pays a monthly consulting fee between US$8,000 and US$20,000. For this article, the Company has paid Street Smart, an affiliate of Streetwise Reports, US$1,500 in addition to the monthly consulting fee.</li>
<li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Tisdale Clean Energy Corp. and Cameco Corp.</li>
<li>Author Certification and Compensation: [Clive Maund of clivemaund.com] was retained and compensated as an independent contractor by Street Smart to write this article. Mr. Maund is a technical analyst who analyzes historical trading data and he received his UK Technical Analysts&#39; Diploma in 1989. The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.</li>
<li>Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.</li>
<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services, or securities of any company.</li>
</ol>
<p><strong>Clivemaund.com Disclosures</strong></p>
<p>The above represents the opinion and analysis of Mr. Maund, based on data available to him, at the time of writing. Mr. Maund&#39;s opinions are his own, and are not a recommendation or an offer to buy or sell securities. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund&#39;s opinions on the market and stocks cannot be construed as a recommendation or solicitation to buy and sell securities.</p>


Uranium Stock Set To Reverse to the Upside, Expert Says

<p>Financial giants have made a conspicuous bearish move on Cameco. Our analysis of options history for Cameco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCJ#NYSE">CCJ</a>) revealed 9 unusual trades.</p>
<p>Delving into the details, we found 44% of traders were bullish, while 55% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $74,040, and 7 were calls, valued at $553,205.</p>
<h3>Expected Price Movements</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $40.0 to $70.0 for Cameco during the past quarter. </p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Cameco's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Cameco's substantial trades, within a strike price spectrum from $40.0 to $70.0 over the preceding 30 days.</p>
<h3>Cameco Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1718211689_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>CCJ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$6.0</td>
<td>$5.85</td>
<td>$6.0</td>
<td>$50.00</td>
<td>$300.0K</td>
<td>3.5K</td>
<td style="text-align: right;">3</td>
</tr>
<tr>
<td>CCJ</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$1.57</td>
<td>$1.52</td>
<td>$1.54</td>
<td>$55.00</td>
<td>$77.0K</td>
<td>5.9K</td>
<td style="text-align: right;">212</td>
</tr>
<tr>
<td>CCJ</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$7.65</td>
<td>$7.5</td>
<td>$7.5</td>
<td>$55.00</td>
<td>$39.0K</td>
<td>733</td>
<td style="text-align: right;">48</td>
</tr>
<tr>
<td>CCJ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$4.45</td>
<td>$4.35</td>
<td>$4.45</td>
<td>$70.00</td>
<td>$37.3K</td>
<td>300</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>CCJ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/14/24</td>
<td>$1.31</td>
<td>$1.21</td>
<td>$1.22</td>
<td>$51.00</td>
<td>$37.2K</td>
<td>1.7K</td>
<td style="text-align: right;">2</td>
</tr>
</tbody>
</table>
</p>
<h3>About Cameco</h3>
<p>Cameco Corp is a provider of uranium needed to generate clean, reliable baseload electricity around the globe. one of those uranium producers. Cameco has three reportable segments, uranium, fuel services and Westinghouse. It derives maximum revenue from Uranium Segment. It has some projects namely; Millennium, Yeelirrie, Kintyre and Exploration. The company operates in Canada, Kazakhstan, Germany, Australia and United States.</p>
<p>Following our analysis of the options activities associated with Cameco, we pivot to a closer look at the company's own performance.</p>
<h3>Current Position of Cameco</h3>
<ul>
<li>With a trading volume of 1,398,453, the price of CCJ is up by 2.59%, reaching $52.12.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 49 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Cameco</h3>
<p>In the last month, 1 experts released ratings on this stock with an average target price of $62.0.</p>
<ul>
<li>An analyst from Goldman Sachs has decided to maintain their Buy rating on Cameco, which currently sits at a price target of $62. </li>
</ul>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Cameco options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


Cameco's Options Frenzy: What You Need to Know

Cameco shares are trading lower amid weakness in uranium stocks.

<p>Goldman Sachs  analyst Neil Mehta   maintains Cameco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCJ#NYSE">CCJ</a>) with a Buy and raises the price target from $56 to $62.</p>


Goldman Sachs Maintains Buy on Cameco, Raises Price Target to $62

Warning: CCJ is at high risk of performing badly

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Although a somewhat controversial investment category, the bullish case for the best uranium stocks has become extraordinarily compelling. It all centers around one catalyst: rising energy consumption from advanced technologies, particularly artificial intelligence.</p>



<p>According to a Goldman Sachs report, AI could spark a <a href="https://www.goldmansachs.com/intelligence/pages/AI-poised-to-drive-160-increase-in-power-demand.html">160% increase in data center power demand</a>. On one hand, the amount of power consumed underscores the rising utility of digital intelligence. However, without making the power grid more resilient, modern societies face a serious dilemma. In the domestic front, <em>The Washington Post</em> <a href="https://www.washingtonpost.com/business/2024/03/07/ai-data-centers-power/">warned</a> that America is running out of power.</p>



<p>What makes nuclear energy so compelling is the science; basically, no other resource commands as much energy density as nuclear fuel. In fact, <a href="https://www.nei.org/fundamentals/nuclear-fuel">one uranium fuel pellet</a> creates as much energy as one ton of coal or 149 gallons of crude oil.</p>



<p>So long as societies push AI, there will almost certainly be a need for nuclear-energy-related solutions. With that, below are some of the best uranium stocks to consider.</p>



<h2>BHP (BHP)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/bhp-1600-300x169.jpg" alt="Smartphone with BHP Group logo in front of BHP website. BHP stock."><div>Source: T. Schneider / Shutterstock</div></div><p>While not a pure-play example, <strong>BHP</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/bhp-stock-quote/"><strong>BHP</strong></a>) arguably makes a solid case for best uranium stocks. One of the world&rsquo;s biggest basic material companies, BHP extracts a variety of natural resources. Primarily, the company operates through its copper, iron ore and coal business units. However, within the broader corporate umbrella, the metals and mining firm features a robust uranium segment.</p>



<p>It&rsquo;s not a particularly exciting enterprise. Still, a key advantage regarding BHP stock is the underlying diversity. In addition to uranium and its mainline businesses, the company also focuses on the production of zinc, molybdenum, silver and gold. The latter two assets should see a swing higher, especially if the Federal Reserve decides to lower interest rates. That would have inflationary implications, thus supporting the broader commodities space.</p>



<p>In the most recent quarter, BHP posted revenue growth (year-over-year) of 5.7%. Looking out to year&rsquo;s end, experts believe that sales may reach $56.04 billion. If so, that would be a gain of 4.1% from the prior year. Combined with a forward dividend yield of 5.46%, BHP is an attractive candidate for best uranium stocks.</p>



<h2>Cameco (CCJ)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/05/uranium-hand-1600-300x169.jpg" alt="CCJ Stock: Hand in long yellow glove holding a chunk of uranium material"><div>Source: shutterstock.com/RHJPhtotoandilustration</div></div><p>Based in Canada, <strong>Cameco </strong>(NYSE:<a href="https://investorplace.com/stock-quotes/ccj-stock-quote/"><strong>CCJ</strong></a>) is a powerhouse among the best uranium stocks. Primarily, the company is involved in the exploration, mining, milling, acquisition and sales of uranium concentrate. Further, Cameco features a fuel services unit which engages in the refining, conversion and fabrication of uranium concentrate.</p>



<p>Financially, the company has admittedly been unsteady in recent quarters. In the past year since the first quarter, Cameco posted an average earnings per share of 12 cents. However, it missed the collective consensus view of 14 cents. Still, some context is necessary. While Cameco missed its bottom-line targets in Q2, Q4 and Q1 2024, its Q3 performance yielded an earnings surprise of 166.7%.</p>



<p>Right now, CCJ stock trades at 10.96X trailing-year sales. Objectively speaking, that&rsquo;s high for the industry. However, between Q1 2023 to Q1 2024, the average price-to-sales ratio landed at 9.48X. So, the premium isn&rsquo;t too terrible.</p>



<p>Plus, analysts anticipate that by year&rsquo;s end, revenue could hit $2.21 billion. If so, that would represent a 17.7% lift from last year&rsquo;s haul of $1.89 billion.</p>



<h2>Energy Fuels (UUUU)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/05/uuuu1600-300x169.png" alt="Uranium, a chemical element with a U symbol and an atomic mass equal to 238 u, has an atomic number 92. UUUU stock"><div>Source: RHJPhtotos / Shutterstock.com</div></div><p>One of the best uranium stocks for pure speculation, <strong>Energy Fuels</strong> (NYSEAMERICAN:<a href="https://investorplace.com/stock-quotes/uuuu-stock-quote/"><strong>UUUU</strong></a>) isn&rsquo;t appropriate for every investor. With a market capitalization of under $1 billion, Energy Fuels is small: it has only 159 full-time employees. That said, it&rsquo;s an intriguing enterprise, which is focused on the extraction, recovery, recycling and exploration of uranium mineral properties in the U.S.</p>



<p>This domestic focus could be a positive long-term catalyst. Kazakhstan is the <a href="https://www.statista.com/statistics/263550/mine-production-of-uranium-by-country/#:~:text=Kazakhstan%20is%20the%20largest%20uranium,21%2C227%20metric%20tons%20in%202022.">world&rsquo;s largest uranium producer</a>. However, the Central Asian country isn&rsquo;t the most reliable partner. Plus, it has relatively close ties with Russia, an adversarial nation. Therefore, boosting domestic production of critical resources can help both Energy Fuels and the broader goal of total energy independence.</p>



<p>Still, the company has many risks, one of which is the valuation. Currently, shares are priced at 20.75X trailing-year sales, which is sky high. However, analysts are expecting fiscal 2024 sales to hit $70.06 million, implying an 84.7% lift from last year.</p>



<p>That should help with the valuation. Also, by fiscal 2025, revenue might soar to $225.13 million, up 221.3%. Again, it&rsquo;s one of the best uranium stocks for speculation.</p>



<p><em>On the date of publication, Josh Enomoto</em><em> did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;</em><em>The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines</em></a><em>.</em><em></em></p>
<div><p>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/07/the-3-best-uranium-stocks-to-buy-now-july-2024/">The 3 Best Uranium Stocks to Buy Now: July 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

The 3 Best Uranium Stocks to Buy Now: July 2024

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Investors eyeing growth should consider top uranium stocks. As AI and tech demand high energy, the U.S. power grid may struggle. Despite the efficiency of advanced technologies, substantial energy consumption (and incredible growth on this front) is unavoidable. Uranium&rsquo;s energy density makes it a crucial power source for humanity&rsquo;s future needs.</p>



<p>Notably, Kazakhstan&rsquo;s plan to raise uranium&rsquo;s Mineral Extraction Tax (announced on July 10) has spurred considerable investor interest in the sector. Effective January 1, 2025, the tax will rise from 6% to 9%, with more complex rates set for 2026 based on production and uranium prices. Rates will range from 4% to 18% depending on output, and increase further with higher uranium prices.</p>



<p>To ride the surging uranium sector, here are three uranium stocks to own now.</p>



<h2>Cameco (CCJ)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/05/uranium-hand-1600-300x169.jpg" alt="CCJ Stock: Hand in long yellow glove holding a chunk of uranium material"><div>Source: shutterstock.com/RHJPhtotoandilustration</div></div><p>Uranium miners like <strong>Cameco</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/ccj-stock-quote/"><strong>CCJ</strong></a></span>) have the potential to power the technological innovations of tomorrow. Such tech innovations require immense energy, straining the U.S. power grid, highlighting the growing need for nuclear energy.</p>



<p>Cameco, in partnership with Saskatchewan Polytechnic, recently <a href="https://thestarphoenix.com/business/mining/cameco-breaking-ground-ways-to-mine-uranium">enhanced its jet boring machine using AI</a> to adapt extraction methods to rock types, improving efficiency. This shift from manual programming to automated adjustments helps tackle mining challenges like productivity and safety. Deloitte noted that while AI isn&rsquo;t a cure-all for uranium production, it aids in decision-making, reducing errors and improving the environmental impact of mining.</p>



<p>Supply and demand issues remain pressing within the uranium sector. With 90 nuclear plants planned and 61 under construction, supply remains very tight, especially with the Russian uranium ban starting August 11. This could push uranium prices above $100. Additionally, Kazakhstan&rsquo;s rising uranium taxes, effective January 2025, could further strain supply and impact prices.</p>



<h2>Uranium Energy (UEC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/uranium-1600-1-300x169.png" alt="Uranium on top of black rock background."><div>Source: RHJPhtotos / Shutterstock</div></div><p>Higher uranium prices will benefit Cameco and <strong>Uranium Energy</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/uec-stock-quote/"><strong>UEC</strong></a></span>), but the latter could stand to gain more. Uranium Energy, with no current operating mines, holds a valuable stockpile of uranium bought at low prices. The company plans to sell this stockpile for profit and use the funds to develop its planned mines, starting with a reopening in August 2024.</p>



<p>Without using long-term contracts or hedging its position, Uranium Energy will directly benefit from recent surges in uranium prices. As of January, the company held 1.17 million pounds of uranium at $54 per pound and has contracts for another 1 million pounds at $39 per pound.</p>



<p>Uranium Energy faces a number of risks, as the company has yet to produce uranium and mining challenges may arise. Despite this, its growing portfolio and lack of long-term contracts position it to outperform Cameco. With uranium prices expected to rise due to supply-demand shifts and new high-cost mines coming online, Uranium Energy could be a top stock to benefit from these trends.</p>



<h2>Ur Energy (URG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/uranium-1600-300x169.png" alt="Powdered and solid uranium in front of a white background."><div>Source: RHJPhtotos / Shutterstock</div></div><p><strong>Ur Energy</strong> (NYSEMKT:<span><a href="https://investorplace.com/stock-quotes/urg-stock-quote/"><strong>URG</strong></a></span>) operates a number of uranium projects across Nevada and Wyoming, with significant potential in the Lost Creek Project. Currently trading around $1.40 per share, many technical analysts expect an eventual breakout through the $1.80 level. If URG stock continues to see strong price momentum, this is a stock that could be worth diving into, given growing global energy demand and increasing interest around renewable energy.</p>



<p>The company is burning through approximately $36 million in cash annually, with only $54 million in reserves. Thus, investors have around 18 months of runway before the company needs to produce cash flow. Analysts expect the company to reach a cash flow break even sooner. But, of course, nothing is certain.</p>



<p>That said, in Q1 2024, Ur-Energy boosted production and signed six new sales agreements amid a U.S. Senate-backed Russian uranium ban. The company ended the quarter with $53.9 million in cash.</p>



<p>Ur-Energy is speculative in this space, with a Q1 2024 loss of $0.07 per share versus the expected $0.03 loss. Despite a high 42-times revenue multiple, fiscal 2024 projections suggest a 110.5% revenue increase. It&rsquo;s a high-risk, potentially high-reward uranium stock worth adding to the watch list right now, in my view.</p>



<p><em>On the date of publication, Chris MacDonald did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines.</a></em></p>



<p><em>On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.</em></p>
<div><p>Chris MacDonald&rsquo;s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.</p></div><h3>More From InvestorPlace</h3>
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<p>Green <a href="https://investorplace.com/industries/energy/">energy stocks</a> will continue soaring in popularity in line with the push towards carbon neutrality.</p>



<p>In recent months, though, investors have been spooked by fears over potential policy reversals following a Republican presidential win later this year. Many in the investing world feel that if former President Donald Trump takes up the reins again, he might try to repeal the Inflation Reduction Act.</p>



<p>However, the IRA championed across political lines and multiple industries, garnering strong bipartisan support. Hence, the outlook for renewable energy investments remains exciting, making it an opportune time to invest in the best ones.</p>



<p>Bear in mind that the global renewable energy market <a href="https://pvcase.com/blog/8-business-opportunities-in-renewable-energy/#:~:text=The%20global%20renewable%20energy%20market,is%20in%20the%20job%20market." target="_blank">was valued at a whopping $1.21 trillion</a> last year and could surge annually by 17.2% through 2030.</p>



<p>That said, here are three robust green energy stocks poised for substantial growth, offering investors a golden opportunity to build their portfolios.</p>



<h2>NextEra Energy (NEE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/06/nee1600-300x169.png" alt="Person holding mobile phone with logo of American energy company NextEra Energy Inc. on screen in front of web page. NEE stock"><div>Source: T. Schneider / Shutterstock.com</div></div><p><strong>NextEra Energy</strong>&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/nee-stock-quote/"><strong>NEE</strong></a>)  is the largest electric utility in the world and one of the top renewable energy plays.</p>



<p>Its stable electric utility business <a href="https://www.investor.nexteraenergy.com/">serves over 12 million people</a>, adding 100,000 new customers in the first quarter alone. As a monopolistic business in Florida, it thrives on inelastic demand.</p>



<p>Moreover, the momentum from its strong electric utility operations bolsters its renewable energy business.</p>



<p>Furthermore, NextEra Energy added 2,765 megawatts to its solar and storage portfolio, with planned infrastructure investments of $85 million to $95 billion through 2025.</p>



<p>This aggressive expansion positions it as a leader, especially with the growing demand to effectively power advanced technologies such as data centers and AI.</p>



<p>Additionally, for the year, the firm forecasts adjusted EPS to range between $3.23 and $3.43, alongside a promise to <a href="https://www.investor.nexteraenergy.com/news-and-events/news-releases/2024/02-16-2024-170701888">increase its dividends by 10% through 2026</a>. Therefore, NEE stock offers a robust long-term upside as one of the top green energy spaces.</p>



<h2>Cameco (CCJ)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/06/shutterstock_1007906431-300x169.jpg" alt="clean energy stocks: a nuclear power plant in Belgium"><div>Source: engel.ac / Shutterstock</div></div><p>The conversation surrounding diversification in the energy space is heating up, which makes nuclear energy play like <strong>Cameco</strong>&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/ccj-stock-quote/"><strong>CCJ</strong></a>)&nbsp;relevant. Cameco is a top nuclear energy play extensively involved in uranium concentrate exploration, mining, and distribution.</p>



<p>Nuclear energy isn&rsquo;t without its controversies, but it remains incredibly important to achieving the lofty green energy goals set out.</p>



<p>On the financial front, Cameco continues to impress, with year-over-year revenue growth at <a href="https://www.cameco.com/sites/default/files/documents/cameco-2023-annual-report.pdf">39%</a> in 2023.</p>



<p>Given these stellar results, analysts forecast sales to reach <a href="https://seekingalpha.com/symbol/CCJ/earnings">a whopping $2.25 billion</a> this year, roughly 34% higher than current year figures. Moreover, its earnings outlook is equally promising, with analysts projecting a significant <a href="https://seekingalpha.com/symbol/CCJ/earnings">EPS growth of more than 30% to 82 cents</a>. These figures underscore a potentially bright future for Cameco, positioning it as a giant in the evolving energy landscape.</p>



<h2>First Solar (FSLR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/10/fslr1600-300x169.png" alt="Person holding smartphone with logo of US renewable energy company First Solar Inc. (FSLR) on screen in front of website. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div><p><strong>First Solar&nbsp;</strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/fslr-stock-quote/"><strong>FSLR</strong></a>) specializes in producing solar panels while providing comprehensive photovoltaic power plant solutions.</p>



<p>What sets it apart from its competition is the firm&rsquo;s innovative thin-film Cadmium Telluride technology, which enhances energy efficiency while substantially lowering production costs compared with traditional silicon-based panels. This technology also performs remarkably well in high temperatures and low-light conditions, which adds to FSLR stock&rsquo;s bull case.</p>



<p>Fundamentals are healthy for the company after it showcased tremendous performance in Q1. <a target="_blank" href="https://seekingalpha.com/news/4097838-first-solar-beats-top-line-and-bottom-line-estimates-updates-fy24-capex-outlook">Revenues jumped 45% YOY</a>, while net margins surged over 28%, up 8% from the prior-year quarter.</p>



<p>Moreover, the firm is positioned to capitalize on the growing demand for electricity by AI data centers. Also, with Big Tech turning to clean energy sources to power their facilities, FSLR stands to gain immensely. Additionally, with a promising outlook for the rest of 2024, FSLR will continue benefitting from strong demand for solar energy.</p>



<p><em>On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a></em>.</p>



<p><em>On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.</em></p>
<div><p>Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor&rsquo;s of science degree in applied accounting from Oxford Brookes University.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/07/3-green-energy-stocks-destined-for-titan-status/">3 Green Energy Stocks Destined for Titan Status</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

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<p>Many investors are becoming comfortable with trading options to manage risk and returns. Buying low and selling high is a tried-and-true strategy for building wealth through stocks. But how can you find oversold stocks? &nbsp;</p>



<p>One answer is to follow a technical indicator called the Relative Strength Indicator (<span>RSI</span>). This commonly used indicator helps traders and investors gauge a stock price&rsquo;s momentum. &nbsp;</p>



<p>The RSI index ranges from 0 to 100. On any given day, most stocks trade between 30 and 70. When a stock has an RSI above 70, it generally means a stock is overbought. Any measurement of 30 or lower indicates typically an oversold condition. Since those levels predict (but don&rsquo;t guarantee) a reversal, the RSI can give investors good entry and exit points.&nbsp;</p>



<p>One note of caution. RSI is volatile, and it&rsquo;s not uncommon to see an individual stock move from oversold to overbought in days if not hours. The oversold stocks on this list had an RSI between 30 and 40 as of the opening of trading on July 23, 2024. &nbsp;</p>



<h2>Air Products &amp; Chemicals (APD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/apd_air_products1600-300x169.png" alt="Air Products (APD) logo on the Arts Quest building, Air Products is a sponsor of Air Products Town Square at Arts Quest in Bethlehem, PA"><div>Source: Andy Borysowski / Shutterstock.com</div></div><p>In the past five years, industrial gases were not the most exciting segment for investors. But if you&rsquo;re looking for oversold stocks to buy, <strong>Air Products &amp; Chemicals</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/apd-stock-quote/"><strong>APD</strong></a></span>) is creating a solid option. APD stock has delivered a total return of 23.67% over the past five years. That includes the company&rsquo;s dividend, which yields 2.83%. &nbsp;</p>



<p>Investors could have found more &ldquo;magnificent&rdquo; returns in <a href="https://investorplace.com/industries/technology/">technology stocks</a>. But the market is always forward-looking. If you&rsquo;re considering Air Products &amp; Chemicals, that means looking at its investments in hydrogen, particularly green hydrogen. The company has two catalysts in this area.&nbsp;</p>



<p>First, in June 2024, the company signed a 15-year contract with <strong>TotalEnergies</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/tte-stock-quote/"><strong>TTE</strong></a></span>). Beginning in 2030, this will have APD supplying 70,000 tons of green hydrogen annually to European refineries. The company also plans to build a $4 billion green hydrogen plant in Texas. It&rsquo;s also important to note that Air Products &amp; Chemicals is the world&rsquo;s leading patented LNG technology and equipment provider. &nbsp;&nbsp;</p>



<h2>Celsius (CELH)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/10/celh1600-300x169.jpg" alt="three energy drinks contrasted against a white background"><div>Source: Shutterstock</div></div><p><strong>Celsius</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/celh-stock-quote/"><strong>CELH</strong></a></span>) manufactures a healthy, low-calorie line of energy drinks and liquid supplements. The stock has been soaring since 2020 as interest in health and wellness has grown across nearly every demographic. Investors also reward the company for its distribution agreement with <strong>PepsiCo</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/pep-stock-quote/"><strong>PEP</strong></a></span>). &nbsp;</p>



<p>However, when PepsiCo announced it was <a href="https://investorplace.com/2024/07/3-russell-2000-stocks-to-buy-now-q3-edition/" target="_blank">oversupplied with Celsius products</a>, CELH stock dropped 33% in the last three months and had an RSI of around 25 as of July 23. This puts it in the ranks of oversold stocks. However, with the stock trading near its 52-week low, this looks like a prime buying opportunity for investors who missed the run-up earlier this year. &nbsp;</p>



<p>To begin with, Celsius continues to post <a href="https://s203.q4cdn.com/427437840/files/doc_presentation/2024/05/Celsius-Q1-2024-Investor-Presentation.pdf" target="_blank">strong year-over-year (YOY)</a> growth on the top and bottom lines. And analysts are projecting a 29% increase in earnings in the next 12 months. That&rsquo;s likely why analysts have a consensus price target of $78.65 for CELH stock. That would be a 63% gain from the stock&rsquo;s current price. &nbsp;</p>



<h2>Cameco (CCJ)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/05/uranium-hand-1600-300x169.jpg" alt="CCJ Stock: Hand in long yellow glove holding a chunk of uranium material"><div>Source: shutterstock.com/RHJPhtotoandilustration</div></div><p><strong>Cameco</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/ccj-stock-quote/"><strong>CCJ</strong></a></span>) is the least oversold of the oversold stocks on this list. Shares of the world&rsquo;s largest publicly traded uranium company have an RSI of around 40. But it was at around 66 in early June. The decline in the stock correlates to a drop in the spot price of uranium. &nbsp;</p>



<p>The &ldquo;other&rdquo; yellow metal was at near-record highs earlier in the year but has fallen back. Still, uranium is trading at highs not seen since 2008. And this time, it may have legs. &nbsp;</p>



<p>That&rsquo;s because the world is coming around to the idea that <a href="https://investorplace.com/2024/07/7-high-quality-stocks-to-buy-without-hesitation/" target="_blank">nuclear energy</a> is one of the only truly &ldquo;clean&rdquo; forms of renewable energy. You can see that in the price performance of CCJ stock, which has continued to be up for the year, even as the spot price of uranium is down. &nbsp;</p>



<p>The total return on CCJ stock over the last five years is an impressive 370.25%. With earnings expected to grow by over 85% in the next 12 months, the stock could have a significant upside ahead. &nbsp;</p>



<p><em>On the date of publication, Chris Markoch did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the </em>InvestorPlace.com<em> </em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a>&nbsp;</p>



<p><em>On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.</em></p>
<div><p>Chris Markoch is a freelance financial copywriter who has been covering the market for over five years. He has been writing for InvestorPlace since 2019.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/07/3-oversold-stocks-to-buy-on-the-dip-july-2024/">3 Oversold Stocks to Buy on the Dip: July 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

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<p>With tight supply and growing demand for nuclear energy, uranium stocks to buy could glow. For one, supply could get even tighter with&nbsp;the Russian uranium ban starting on August 11. According to <a href="https://www.resource-capital.ch/en/news/view/uranium-growing-demand-and-scarce-supplies/">Swiss Resource Capital</a>, about 90 new nuclear plants are being planned, 61 are under construction and decommissioned sites are being revived.</p>



<p>Third, the artificial intelligence boom requires a lot of energy, and uranium could help fuel the need. AI data centers need a tremendous amount of electricity.</p>



<p>According to McKinsey, <a href="https://www.mecojax.com/the-rise-of-ai-a-driving-force-behind-data-center-expansion/">data center demand could grow about 10% yearly</a>. Also, according to the International Energy Agency, in 2022, 2,700 data centers needed about 4% of U.S. electricity. By 2026, we added the IEA, which could soar to 6%. <a href="https://www.goldmansachs.com/intelligence/pages/AI-poised-to-drive-160-increase-in-power-demand.html">Goldman Sachs</a> says that could be closer to 8% by 2030.&nbsp;</p>



<p>That being said, it comes as no surprise that tech companies are in talks with nuclear power plants to help meet the explosive needs of AI.&nbsp;</p>



<p>That&rsquo;s why investors should strongly consider uranium stocks to buy.</p>



<h2>Cameco (CCJ)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/05/uranium-hand-1600-300x169.jpg" alt="CCJ Stock: Hand in long yellow glove holding a chunk of uranium material"><div>Source: shutterstock.com/RHJPhtotoandilustration</div></div><p><strong>Cameco&rsquo;s</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/ccj-stock-quote/"><strong>CCJ</strong></a>) recent weakness is a strong buy opportunity.</p>



<p>Technically, it just caught support just below its 100-day moving average and has become oversold on RSI, MACD and Williams&rsquo; %R. From here, I expect CCJ to resume the bullish uptrend it&rsquo;s enjoyed since March of last year. In fact, from its last traded price of $47.36, I&rsquo;d like to see Cameco initially rally back to $55 in the near term.</p>



<p>In addition, with the uranium supply only getting tighter, we&rsquo;d be foolish to ignore CCJ here. Making supply issues even worse, Kazakhstan, the world&rsquo;s biggest uranium-producing country, increased its extraction taxes, which could limit supply growth, <a href="https://seekingalpha.com/news/4123467-uranium-stocks-surge-on-new-kazakhstan-mineral-extraction-tax">according to BMO Capital</a>.</p>



<p>Helping analysts at Bank of America added Cameco to its US 1 List. With a buy rating, Goldman Sachs raised its price target to $56. And RBC Capital recently said they&rsquo;d buy on weakness.</p>



<h2>NexGen Energy (NXE)</h2>



<div><img width="300" height="165" src="https://investorplace.com/wp-content/uploads/2019/01/uraniummsn-300x165.jpg" alt=""><div>Source: Shutterstock</div></div><p><strong>NexGen Energy</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/nxe-stock-quote/"><strong>NXE</strong></a>) is also a buy on weakness.</p>



<p>After dropping from about $7.52 to $6.58, NXE appears to have caught strong triple-bottom support. It&rsquo;s also over-extended on RSI, MACD and Williams&rsquo; %R and could also race higher.</p>



<p>As I noted on <a href="https://investorplace.com/2024/05/7-stocks-to-buy-to-profit-from-the-russian-uranium-ban/">May 20</a>, &ldquo;The company is confident about the future of the uranium market,&rdquo; adding, &ldquo;NXE&nbsp;is reportedly in the final stages of permitting for the Rook I project and could start construction shortly.&rdquo;</p>



<p>If that project is successful, it could be one of the largest in the world. Currently, the company is waiting for the Canadian government&rsquo;s approval to proceed.&nbsp;</p>



<p><a href="https://www.nexgenenergy.ca/rook-1-project/default.aspx">As noted by the company</a>, &ldquo;The proposed new underground mine and mill development is located in the uranium-rich district of the southwestern area of the Athabasca Basin; located in Saskatchewan &ndash; a premier mining jurisdiction.&rdquo; </p>



<p>The potential success from just Canadian approval will be incredibly rewarding.</p>



<h2>Global X Uranium ETF (URA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/01/uranium-stocks-300x169.jpg" alt="uranium, a mineral used in nuclear research"><div>Source: RHJPhtotoandilustration / Shutterstock.com</div></div><p>Or, if you&rsquo;d rather diversify at a low cost with 48 uranium-related stocks, there&rsquo;s the <strong>Global X Uranium ETF</strong> (NYSEARCA:<a href="https://investorplace.com/stock-quotes/ura-stock-quote/"><strong>URA</strong></a>). </p>



<p>With an expense ratio of 0.69%, the ETF invests in companies &ldquo;involved in uranium mining and the production of nuclear components, including those in extraction, refining, exploration, or manufacturing of equipment for the uranium and nuclear industries,&rdquo; <a href="https://www.globalxetfs.com/funds/ura/">as noted by GlobalXETFs.com</a>.</p>



<p>URA is also a buy on recent, temporary weakness. After all, the supply-demand situation will get even tighter with the Russia ban and artificial intelligence. The pullback in the ETF and related stocks is a gift. From its current price of $28.26, I&rsquo;d like to see the URA ETF initially retest at $33 a share.</p>



<p>Some of its top holdings include Cameco, NexGen Energy, <strong>Paladin Energy</strong> (OTCMKTS:<a href="https://investorplace.com/stock-quotes/palaf-stock-quote/"><strong>PALAF</strong></a>), <strong>Uranium Energy</strong> (NYSEAMERICAN:<a href="https://investorplace.com/stock-quotes/uec-stock-quote/"><strong>UEC</strong></a>) and <strong>Denison Mines</strong> (NYSEAMERICAN:<a href="https://investorplace.com/stock-quotes/dnn-stock-quote/"><strong>DNN</strong></a>).</p>



<p><em>On the date of publication, Ian Cooper&nbsp;did not have (either directly or indirectly) any positions in the securities mentioned.&nbsp;The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.</em></p>



<p><em>On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.</em></p>
<div><p>Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.</p></div><h3>More From InvestorPlace</h3>
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<p>I feel that each investor should carefully consider these uranium multibagger stocks as potential investments for their portfolio. </p>



<p>As InvestorPlace reported previously, the current move towards cleaner forms of <a href="https://investorplace.com/2024/07/3-uranium-stocks-to-buy-as-power-demand-intensifies/">energy</a> is making nuclear power one of the most sought-after energy sources. Due to the unstable oil prices and the termination of thermal coal burning, nuclear energy is gaining importance. Such countries as China, India and Russia are already at the forefront of this race, having numerous nuclear reactors under construction and even more planned. </p>



<p>This supply-side challenge is further <a href="https://investingnews.com/free-report-online/uranium-price-forecasts-and-top-uranium-stocks-to-watch/">compounded</a> by the technical factors involved in the extraction of uranium &mdash; for example, the availability of items like sulfuric acid. Due to these factors, uranium prices are rising and showing good prospects for uranium multibagger stocks.</p>



<p>I believe nuclear power is the future of energy. So, here are three companies that investors should keep on their radar due to their long-term growth potential.</p>



<h2>Cameco (CCJ)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/05/uranium-hand-1600-300x169.jpg" alt="CCJ Stock: Hand in long yellow glove holding a chunk of uranium material"><div>Source: shutterstock.com/RHJPhtotoandilustration</div></div><p>For the investor aiming at high growth potential within the uranium industry, I suggest focusing on <strong>Cameco </strong>(NYSE:<a href="https://investorplace.com/stock-quotes/ccj-stock-quote/"><strong>CCJ</strong></a>), one of the largest uranium producers globally.</p>



<p>I also like Cameco&rsquo;s decision to buy a <a href="https://www.cameco.com/media/news/cameco-and-brookfield-complete-acquisition-of-westinghouse-electric-company">stake</a> in <strong>Westinghouse Electric</strong>, which enhances its activities along the entire nuclear supply chain. This approach not only helps Cameco diversify its revenue streams but also enables it to capture opportunities such as small modular reactors. I see these <a href="https://www.iaea.org/newscenter/news/what-are-small-modular-reactors-smrs">reactors</a> as a stepping stone before reaching more theoretical but disruptive tech as nuclear fusion.</p>



<p>Other factors affecting the industry also support the company&rsquo;s position, such as the rising government support for nuclear energy and the power requirements from artificial intelligence and data centers. Even though the company&rsquo;s current <a href="https://stockanalysis.com/stocks/ccj/forecast/">valuation</a> is not that low, its growth prospects make it worthwhile. Namely, analysts have a Strong Buy rating for CCJ stock, with a 31.56% implied upside from the current stock price. I think, then, this makes CCJ one of those uranium multibagger stocks to consider.</p>



<h2>Energy Fuels (UUUU)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/05/uuuu1600-300x169.png" alt="Uranium, a chemical element with a U symbol and an atomic mass equal to 238 u, has an atomic number 92. UUUU stock"><div>Source: RHJPhtotos / Shutterstock.com</div></div><p><strong>Energy Fuels</strong> (NYSEAMERICAN:<span><a href="https://investorplace.com/stock-quotes/uuuu-stock-quote/"><strong>UUUU</strong></a></span>) is a leading U.S. producer of uranium and vanadium.</p>



<p>The firm&rsquo;s concentration on uranium and rare earth elements makes it stand out in the market since the two are essential materials. The most interesting for me is Energy Fuels&rsquo; plans for production <a href="https://finance.yahoo.com/news/energy-fuels-uuuu-commences-production-145900433.html#:~:text=Production%20at%20the%20three%20mines,1.4%20million%20pounds%20per%20year.">increase,</a> set to reach a level two times higher by the end of 2024. This, together with other geopolitical opportunities such as the ban on the sale of Russian <a href="https://www.reuters.com/business/energy/ban-russian-uranium-helps-us-build-nuclear-fuel-capacity-official-says-2024-05-03/">uranium,</a> could be a heaven-sent opportunity for the company.&nbsp;</p>



<p>If uranium spot prices stay high and the company achieves its production targets, there is a possibility of a huge improvement in the company&rsquo;s financial situation. However, UUUU&rsquo;s market cap of <a href="https://stockanalysis.com/stocks/uuuu/statistics/">just under</a> $1 billion and price-to-sales ratio of 20x is where it hits the sweet spot.</p>



<p>I think UUUU could be one of those uranium multibagger stocks for these reasons, especially as the spot price of uranium is <a href="https://www.cameco.com/invest/markets/uranium-price-sensitivity">predicted</a> to rise steadily over the next few years, per CCJ forecasts.</p>



<h2>Denison Mines (DNN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/uranium-1600-300x169.png" alt="Powdered and solid uranium in front of a white background."><div>Source: RHJPhtotos / Shutterstock</div></div><p><strong>Denison Mines</strong> (NYSEAMERICAN:<span><a href="https://investorplace.com/stock-quotes/dnn-stock-quote/"><strong>DNN</strong></a></span>) is a Canadian uranium exploration and development company. The company&rsquo;s mine portfolio, particularly in the <a href="https://denisonmines.com/projects/overview/">Athabasca Basin,</a> makes it benefit from the current renewed interest in the nuclear energy sector. The thing that interests me most is the possibility of <a href="https://world-nuclear.org/information-library/Nuclear-Fuel-Cycle/Mining-of-Uranium/In-Situ-Leach-Mining-of-Uranium">low-cost production</a> from the Phoenix deposit via in-situ recovery techniques.&nbsp;</p>



<p>DNN&rsquo;s solid <a href="https://denisonmines.com/site/assets/files/6571/2024-q1-dml.pdf">balance sheet</a> position and holdings of physical uranium make it a good investment option along with the possibility of increasing uranium prices. Although the risk is relatively high due to the company&rsquo;s development stage and dependence on uranium prices, I think Denison is a good risk/reward opportunity, especially for those seeking uranium multibagger stocks to invest in.</p>



<p>DNN is a penny stock that <a href="https://stockanalysis.com/stocks/dnn/statistics/">trades</a> at $1.90 per share at the time of writing. However, it has a substantial market cap of $1.7 billion, with around half of those held by institutions.</p>



<p><em>On the date of publication, Matthew Farley did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines.</a></em></p>



<p><em>On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.</em></p>
<div><p>Matthew started writing coverage of the financial markets during the crypto boom of 2017 and was also a team member of several fintech startups. He then started writing about Australian and U.S. equities for various publications. His work has appeared in MarketBeat, FXStreet, Cryptoslate, Seeking Alpha, and the New Scientist magazine, among others.</p></div><h3>More From InvestorPlace</h3>
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Cameco Reports Q1 Results: 2024 Outlook Remains Solid; Financial Discipline and Strong Cash Position Result in Focused Debt Reduction; Operationally, Segments Performing to Plan; Attributes of Baseload Nuclear Power Attracting Tech Sector Investment

Small Cap

Investment Banks & Hedge Funds Stepping Up Activity in Physical Uranium as Prices Spike

Fintech

Cameco Announces Election of Directors

SaskPower, Westinghouse and Cameco Sign MOU to Explore Reactor and Fuel Supply Potential

Cameco Releases 2023 Sustainability Report

Global Uranium Mining Market Expected to Reach $11.38 Billion By 2030 as Dependency on Nuclear Power Increases

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Cameco

Cameco (CCJ) Forecast

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