Canadian company in exclusive offtake agreement for Paducah Laser Enrichment Facility

Reaves W H & Co Inc's Q2 2026 investor letter reports a 10.55% increase for its strategy, outperforming the MSCI USA Infrastructure Index. Cameco (CCJ) underperformed due to weather-related production disruptions, despite positive long-term developments in the nuclear fuel sector. CCJ's stock closed at $92.80 on September 17, 2026, with a 9.47% decline over the past month but a 7.68% gain over the past year.

Westinghouse Electric and Amentum (AMTM) have partnered to expand the APX nuclear technology platform, focusing on the AP1000 reactor and AP300 SMR. The collaboration aims to enhance deployment capabilities and accelerate regulatory approval. Separately, Cameco has filed a confidential S-1 for Westinghouse's IPO, though financial details are undisclosed.

Westinghouse Electric Co., owned by Brookfield Renewable Partners and Cameco Corp., aims for a $50B+ valuation in its U.S. IPO, potentially filing as soon as October. Cameco's shares briefly rose 3.6%. Citigroup and Goldman Sachs lead the offering, with others involved. Westinghouse serves 57% of global nuclear reactors.

Jim Cramer prefers BWX Technologies (BWXT) over Cameco (CCJ) for nuclear power investment, citing BWXT's stronger recent performance and Cameco's longer-term potential. BWXT reported Q2 revenue of $901.6M, up 18% YoY, and raised 2026 guidance. Cameco's Q2 uranium segment revenue fell to C$252M from C$352M YoY, but maintained production outlook. Both companies saw increased hedge fund interest.

Jefferies initiated coverage of Cameco (CCJ) and BWXT (BWXT) with 'Buy' ratings, setting price targets of $138 and $181 respectively, citing strong long-term prospects in nuclear energy. CCJ, a major uranium producer, and BWXT, a nuclear reactor provider, are positioned to benefit from global and U.S. initiatives to expand nuclear capacity. Both companies face risks, including uranium price volatility for CCJ and execution challenges for BWXT.

Cameco (TSX:CCO), a major uranium producer, reported Q2 2026 revenue of C$814M and adjusted EBITDA of C$391M. The company restarted Cigar Lake mine, increased its ownership to 57.418%, and secured a US$2.6B uranium supply deal with India. Westinghouse, in which Cameco has a stake, filed for an IPO. Cameco's stock was trading around C$138.65 as of September 4, 2026.