Cameco's Westinghouse Unit Set to Secure New Nuclear Reactor Contracts Amid UBS' Neutral Rating

Cameco Corp's (CCJ) Westinghouse unit is poised for new nuclear reactor deals, according to UBS, which began coverage with a Neutral rating and C$140 price target. The firm anticipates a substantial increase in Cameco's profitability this decade as the energy giant recontracts supplies at higher spot prices and its Westinghouse unit secures contracts. Spot uranium prices are expected to rise in 2026 due to an inventory restocking cycle.