Cameco Benefits from Legislative Changes and Strategic Deals
Cameco (NYSE: CCJ), a uranium miner and nuclear energy services specialist, experienced growth in June following the Trump administration’s passage of the One, Big, Beautiful Bill in early July. This legislation favored the nuclear industry by curbing some subsidies for renewable energy sources like solar and wind. Notably, Cameco is also set to benefit from a larger deal between Constellation Energy and Meta Platforms, which will supply Meta’s server farms with over 1.1 gigawatts of energy from a nuclear plant in Illinois over 20 years.
Additionally, Cameco anticipates a significant increase of approximately $170 million in adjusted EBITDA for its partially owned company, Westinghouse Electric, impacting its financials for both the second quarter and full year of 2025. This combination of supportive legislation, strategic partnerships, and operational growth indicates a positive outlook for Cameco and the broader nuclear sector.
