Stock price hits a new high! Westinghouse Electric secures a huge order from the U.S. government, major shareholder Cameco's market value skyrockets by nearly $9 billion overnight

Zhitong
2025.10.29 00:31
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Cameco's market value surged nearly $9 billion overnight due to an $80 billion agreement with the U.S. government, with its stock price reaching an all-time high. The agreement will facilitate Westinghouse Electric in constructing new nuclear reactors, which is expected to bring sustained high-profit revenue to Cameco. Analysts believe this deal is beneficial for Cameco and may encourage Westinghouse Electric to pursue an initial public offering in 2029