Prediction: Cameco's Westinghouse Stake Becomes the Real Growth Story by 2028

Key Points Westinghouse's IPO will establish a public valuation for Cameco's 49% stake in the nuclear developer. Westinghouse has major projects across Europe and the United States entering development over the next few years. Cameco's stake in Westinghouse could boost its earnings around 2028, when multiple projects enter higher-value construction and equipment-delivery phases. 10 stocks we like better than Cameco › 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.