Cameco (CCJ) Hit an All-Time Excessive This Week. Right here is Why

The share worth of Cameco Company (NYSE:CCJ) surged by 9.68% between January 22 and January 29, 2026, placing it among the many Vitality Shares that Gained the Most This Week.

Cameco Company (NYSE:CCJ) is without doubt one of the largest international suppliers of uranium gasoline to energy the continuing nuclear power renaissance.

Cameco Company (NYSE:CCJ) continued its rally and hit an all-time excessive on January 28 after a speedy surge within the worth of the nuclear gasoline. Uranium futures within the US are at the moment hovering at over $101 per pound, the very best since February 2024, on bets of excessive demand in the long run.

Uranium has been within the highlight since final 12 months after the Trump administration introduced plans to considerably elevate America’s nuclear power capability and lower rules for the development of recent nuclear energy vegetation. Furthermore, the authorities introduced funding for native suppliers and enrichers of uranium to make sure the nation’s power safety and cut back reliance on imports from Russia.

Following the current uptick, the share worth of Cameco Company (NYSE:CCJ) has gained practically 166% during the last 12 months.

Whereas we acknowledge the potential of CCJ as an funding, we consider sure AI shares supply better upside potential and carry much less draw back threat. In the event you’re on the lookout for an especially undervalued AI inventory that additionally stands to profit considerably from Trump-era tariffs and the onshoring development, see our free report on the finest short-term AI inventory.

Disclosure: None.