15 Best Nuclear Power Stocks to Buy According to Wall Street Analysts

8. Cameco Corporation (NYSE:CCJ)

Upside Potential as of May 26: 22.19%

Cameco Corporation (NYSE:CCJ) is one of the largest global providers of the uranium fuel needed to power a safe, secure energy future.

On May 22, Barclays initiated coverage of Cameco Corporation (NYSE:CCJ) with an ‘Equal Weight’ rating and a price target of $108.

The move comes after Cameco Corporation (NYSE:CCJ) reported a solid performance in its Q1 2026, with on-track production at our uranium mining operations in Canada and Kazakhstan. The company’s adjusted EPS of $0.47 topped expectations by $0.13, while its revenue also grew by 7% YoY to $845 million and comfortably exceeded estimates by almost $250 million.

Cameco Corporation (NYSE:CCJ)’s results during the quarter were higher compared to 2025, with net earnings of $131 million, adjusted net earnings of $203 million, and adjusted EBITDA of $509 million. The company’s core uranium segment performed exceptionally well, delivering a 48% YoY growth in adjusted EBITDA due to higher sales volumes and an improving average realized price. Cameco also revealed that it has contracts in place for average annual deliveries of over 28 million pounds of U3O8 over the next five years.