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0 0.00157622157171809 -0.000225174510245555 0 0.00157622157171809 -0.0011258725512273 0.000450349020490791 -0.00776852060346766
Stock impact report

Why Cameco Stock Popped 8% on Friday [Yahoo! Finance]

Cameco Corporation (CCJ) 
Last cameco corporation earnings: 5/1 07:00 am Check Earnings Report
US:NYSE Investor Relations: cameco.com/invest
Company Research Source: Yahoo! Finance
This morning, the electric utility giant announced plans to restart Unit 1 at the Three Mile Island nuclear power plant by 2028, in order to supply power to Microsoft data centers. In no time flat, shares of uranium mining stocks such as Energy Fuels Uranium Energy , and Denison Mines began powering up. None went so far as Cameco Corporation (NYSE: CCJ) , however, which as of 11:10 a.m. ET is gaining 8%. Why Cameco stock is glowing green today It's no great mystery why. A big electric utility is restarting a nuclear plant, and that plant will need uranium to generate power. Uranium miners provide that uranium -- and so their stocks rise. But this story is even bigger than Three Mile Island, because where Constellation leads, other power plant operators may follow. According to the U.S. Energy Information Administration, there are currently 54 nuclear power plants operating in the U.S., running 94 reactors. Additionally, EIA says 22 reactors are "in various stages of decommissi Show less Read more
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