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A new wave of nuclear IPOs is emerging, ranging from established operators like Westinghouse to highly speculative start-ups. Investors should carefully evaluate sponsor quality, cash runway, and revenue visibility when considering nuclear IPO investments, as the sector presents both solid opportunities and significant risks.
Jefferies analyst Laurence Alexander initiates coverage on Cameco (TSX:CCO) with a Buy rating and announces Price Target of C$190.
AI and data centers are driving massive increases in electricity demand, with projections showing data center power consumption could rise from 5% to 20% of U.S. electricity by 2035. This is spurring global nuclear energy expansion, creating investment opportunities in uranium mining, small modular reactor (SMR) developers, and nuclear fuel manufacturers.
Silver and gold miners fell hardest after Kevin Warsh signaled a strong commitment against inflation. First Majestic Silver dropped 5%.
Jefferies initiates coverage on Denison Mines (TSX:DML) with a Buy rating and announces Price Target of C$5.2.
The VanEck Uranium and Nuclear ETF is up 16% in August, its best month since January, with Energy Fuels, Uranium Energy and Denison Mines up over 30%.