Think It's Too Late to Buy Cameco? Here's the Biggest Reason Why There's Still Time.

With Cameco (NYSE: CCJ) trading at roughly 26 times its estimated 2025 earnings, no investor is buying stock in this uranium, nuclear fuel services, and nuclear plant services company for what it is now. It's far more likely they are buying for what it could become in the future.As such, the case for the stock doesn't just rest on a "connect the dots" approach to its metrics and the possibility of an expanded role for nuclear energy. There is something more going on here. Let's explore.There's an evolution underway in the energy sector. It was supposed to be a revolution, but even the most adherent enthusiasts for a clean energy transition must concede that it's taking far longer than expected. This new reality is behind the expanding appreciation for stocks connected to natural gas and liquid natural gas (LNG) and a resurgence of interest in nuclear energy.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool