Cameco CorpCameco benefits from growing uranium demand and nuclear build-out as a mature uranium miner with high-grade mines and Westinghouse stake.
Nuclear energy stocks have slumped in the first half of 2026 after a strong 2025, with advanced reactor start-ups Oklo and NuScale Power down 27% and 30% year to date, respectively, while uranium miner Cameco is up 7% year to date but down 27% from its February peak. Oklo and NuScale have experienced larger price swings due to long implementation timelines for their technologies, with Oklo down 73% from its 52-week high and NuScale down 83%. Cameco, a mature company with high-grade mines in Canada and a 49% stake in Westinghouse, is positioned to benefit more immediately from growing uranium demand and the nuclear build-out. The long-term industry tailwinds remain in place, but advanced reactor technologies are not expected to operate at commercial scale until the 2030s.
Cameco CorpCameco benefits from growing uranium demand and nuclear build-out as a mature uranium miner with high-grade mines and Westinghouse stake.
Oklo Inc.Oklo's advanced reactor technology has long implementation timelines, not expected to operate at commercial scale until 2030s, causing stock slump.
Nuscale Power CorpNuScale's advanced reactor technology has long implementation timelines, not expected to operate at commercial scale until 2030s, causing stock slump.
NVIDIA Corporation