Jim Cramer on Cameco: “I Just Think That This is a Winner”

Cameco Corporation (NYSE:CCJ) is one of the stocks that Jim Cramer shed light on. A caller asked about the company during the lightning round, and Cramer stated:

“I like CCJ. It’s one of the stocks, it’s one of those, along with Oklo and the small form reactors too. I just think that this is a winner. What am I going to say? I am pro-nuke, and I think people should be in them.”

Cameco (NYSE:CCJ) supplies uranium for electricity generation through activities such as mining, refining, and conversion. Additionally, the company provides nuclear technology, equipment, and services to commercial utilities and government agencies. Meridian Contrarian Fund stated the following regarding Cameco Corporation (NYSE:CCJ) in its Q1 2025 investor letter:

“Cameco Corporation (NYSE:CCJ) is a global leader in the mining, fabrication, and refinement of uranium products for nuclear power plants around the world. We view the company as a best-in-class operator with world-leading reserves and a low-cost profile. Cameco had been out of favor for many years following the 2011 Fukushima nuclear disaster, but became increasingly attractive as global uranium production declined below demand. We invested in 2020, believing uranium prices would recover and that there was upside optionality in the potentially resurgent interest in nuclear power. While the stock performed strongly in 2024, it weakened in the quarter as uranium stocks had become tied to the power-hungry AI data center trade. As such, the stock’s volatility far exceeded its fundamentals. Our position was unchanged during the quarter as we continue to base our investment on a 5- to 10-year investment thesis.”

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Disclosure: None. This article is originally published at Insider Monkey.