Uranium Prices Just Broke a 19-Year Record, but Nuclear Stocks Are Collapsing Anyway
Uranium prices hit a 19-year high of $96/lb, but nuclear stocks fell. Cameco (CCJ) dropped 7% in 2026, despite the price surge. Utilities are hesitant to sign new contracts, and term contracting volumes fell 15%. Other nuclear stocks like UEC, OKLO, and SMR also saw significant declines.
