10 Best AI Power Grid Stocks to Buy According to Analysts

8. Cameco Corporation (NYSE:CCJ)

Analyst Upside: 25.21%

On June 29, RBC Capital raised its price target on Cameco Corporation (NYSE:CCJ) to C$175 from C$160. The firm maintained an “Outperform” rating on the shares.

RBC Capital said the company stands to benefit from improving uranium pricing, rising nuclear demand, and strong sovereign and utility buying interest. It also noted higher-than-reported contract pricing and supportive US and Canadian nuclear policies.

Earlier, on June 1, Cameco Corporation (NYSE:CCJ) announced an agreement with Orano Canada to acquire TEPCO Resources’ 5% interest in the Cigar Lake Joint Venture. It is increasing Cameco’s ownership stake to 57.418% upon closing. CEO Tim Gitzel said the transaction holds up the company’s strategy by expanding its ownership in a tier-one uranium asset that supports growing global nuclear generation.

The firm said the acquisition will cost about C$115.75 million and remains subject to regulatory approvals. It is expected to close in the third quarter of 2026. The company reaffirmed Cigar Lake’s 2026 production outlook of 17.5 million to 18 million pounds of uranium concentrate.

Cameco Corporation (NYSE:CCJ) provides uranium for the generation of electricity. The Uranium segment is involved in the exploration for, mining, milling, purchase, and sale of uranium concentrate.