Prediction: Cameco's Westinghouse Stake Becomes the Real Growth Story by 2028
Cameco's stake in Westinghouse could be a strong tailwind for the stock as nuclear energy enjoys a resurgence.
Overview
In November 2023, Cameco (NYSE: CCJ) and Brookfield Renewable Partners (NYSE: BEPC) made a bold $8.2 billion bet on nuclear by acquiring Westinghouse Electric. The deal gave Cameco a 49% stake in one of the world's biggest nuclear equipment and servicing businesses.
On July 31, Westinghouse confidentially filed paperwork with the Securities and Exchange Commission (SEC) to go public. An IPO will give Westinghouse a stand-alone public valuation while providing more visibility into its finances and project pipeline.
Details
Countries are moving forward with new nuclear facilities, and Westinghouse's AP1000 reactors could be central to many of those projects. Westinghouse's IPO could give Cameco investors an early boost, but I believe the real growth story will emerge by 2028. Here's why.
Source
Originally published at www.fool.com.