<p>全球经济正在经历根本性的重构。大规模电气化和人工智能（AI）革命这两大趋势的强大结合，正在引发历史性的电力消费激增。</p>
<p>从电气化交通和工业制造部门到数据中心日益增长的电力需求，全球对电力的贪婪需求不是周期性趋势，而是全球能源需求的永久性变革。</p>
<p>这种需求冲击与严重过时的电网相碰撞。当前的基础设施并未设计用于如此重的负载或高效的长距离电力传输，以满足现代数字经济的需求。这造成了一个关键瓶颈，仅靠可再生能源无法解决。</p>
<p>核能在满足这一挑战方面具有独特的优势。它提供巨大的、可靠的、全天候的无碳基础负荷电力，以确保电网的稳定。同时，小型模块化反应堆（SMRs）等新技术使得可以在靠近需求中心的地方进行本地化发电，完全绕过电网基础设施问题。</p>
<p>这种双重能力点燃了核能复兴，为一小部分公司创造了强大的政府支持的顺风。</p>
<h2>Cameco：不可或缺的铀供应商</h2>
<p>每个核反应堆，无论新旧，都需要铀。作为整个核价值链的基础，Cameco Corporation NYSE: CCJ 代表了燃料循环中的基础投资。该股票已经对此动态做出了反应，过去一年上涨超过 94%，五年上涨超过 700%。</p>
<p>强大的全球趋势支持对 Cameco 的投资案例。</p>
<ul>
<li><strong>地缘政治安全避风港：</strong> Cameco 是全球最大和最可靠的西方铀生产商之一。全球对能源安全的推动，加上美国对俄罗斯铀的禁令，使其位于加拿大的资产对寻求稳定、长期燃料供应的公用事业公司极具价值。</li>
<li><strong>有利的市场动态：</strong> 当前市场的特点是结构性赤字，铀需求超过供应。这为价格上涨创造了强劲的顺风，并允许 Cameco 在长期合同中锁定有利条款，例如与斯洛伐克主要公用事业公司的近期交易。</li>
</ul>
<p>紧张的全球铀市场和不断上升的需求创造了有利的定价环境。这直接转化为 Cameco 的更高收入和改善的利润率，这在分析师的共识买入评级和 89.55 美元的平均目标价中得到了体现。</p>
<p>自上次财报以来，一些分析师对该股票进行了重新评级，设定了大约 104 美元的更本地化共识目标价。自上次财报以来共识价格的调整直接反映了对铀需求的增加。</p>
<h2>BWX Technologies：挖掘与铲子的强者</h2>
<p>BWX Technologies, Inc. NYSE: BWXT 是为整个核生态系统提供高科技组件的关键挖掘与铲子制造商。该公司在建设每个新反应堆方面处于良好位置，这一点在其股票过去一年上涨 69% 中得到了明确体现。</p>
<ul>
<li><strong>政府支持的稳定性：</strong> BWX 的核心业务是为美国海军舰队提供反应堆的虚拟垄断，提供可预测的高利润收入基础。这种稳定性得到了强有力的执行的补充，正如其 2025 年第二季度财报所示，报告每股收益（EPS）为 1.02 美元，轻松超出共识预期的 0.79 美元。</li>
<li><strong>推动下一代：</strong> 该公司是开发高浓缩低丰度铀（HALEU）国内供应链的关键参与者，这种先进燃料对大多数 SMR 设计至关重要。最近获得的来自国家核安全局的 15 亿美元合同突显了其关键角色。</li>
</ul>
<p>拥有 94% 的机构持股，复杂的投资者将 BWX Technologies 视为核工业的基石。其稳定的政府现金流为其扩展到高增长领域提供资金，使该股票具备强大的安全性和上行潜力。</p>
<h2>Constellation Energy：市场的核能领军者</h2>
<p>Constellation Energy Corporation NASDAQ: CEG 是最成熟的大规模核电生产商。该公司已经在利用来自 AI 和数据中心繁荣的巨大电力需求。它是核能复兴中最直接和最有利可图的受益者，自公司三年前上市以来，其股票上涨近 525%。</p>
<p>作为美国最大的核电站运营商，Constellation 是提供数据中心所需的全天候无碳电力的主要供应商。Constellation Energy 的投资论点通过其业绩得到了证明。Constellation 已与科技巨头签署长期电力购买协议（PPAs），以确保收入流。</p>
<p>与投机性投资不同，Constellation 今天盈利丰厚，提供强劲的 21.61% 的股本回报率（ROE），并超出近期的收益预期。其能够为可靠电力收取溢价价格，直接转化为强劲的现金流和上涨的股价，反映出其在推动数字经济中的重要角色。</p>
<h2>NuScale Power：本地化能源的未来</h2>
<p>NuScale Power Corporation NYSE: SMR 代表了对颠覆性的小型模块化反应堆（SMR）技术的战略投资，该技术承诺通过将发电直接带给客户来解决电网的基础设施问题。</p>
<p>NuScale 的关键优势在于其强大的竞争护城河。它是第一家也是唯一一家获得美国核管理委员会正式认证的 SMR 设计的公司。这一严格的多年审批过程为竞争对手创造了显著的进入壁垒。</p>
<p>SMR 设计为在较小规模和更靠近使用点的地方建造，例如工业园区或数据中心园区。</p>
<p>这个本地化模型减少了对昂贵输电线路的需求。商业势头正在增强，最近达成的协议证明了在关键市场推进小型模块化反应堆（SMR）部署项目的进展。作为一个变革性新市场的认证领导者，NuScale 提供了卓越的长期增长潜力。</p>
<h2>行业曝光的一站式服务</h2>
<p>对于看好铀燃料循环但希望降低单一公司相关风险的投资者，Sprott 铀矿 ETF（NYSEARCA: URNM）提供了一个引人注目的解决方案。URNM 跟踪全球领先铀公司的指数，使投资者能够参与一篮子最重要参与者的投资。</p>
<p>该 ETF 的一个关键特点是其对 Sprott 实物铀信托的配置，该信托持有实物铀。这使得投资者能够接触到矿业公司及其基础商品的价格。</p>
<p>URNM 年初至今的回报率超过 44%，五年回报率超过 285%，其表现直接反映了推动整个铀市场的强大基本面。它作为一个高效且战略性的工具，捕捉了整个行业的势头。</p>
<h2>完整的核能战略</h2>
<p>大规模电气化与人工智能革命的融合，创造了对清洁、可靠能源的强劲长期需求，这一需求不容忽视。这一结构性转变使得核能的复兴成为战略必要，形成了持久的投资大趋势。</p>
<p>该投资组合策略涵盖了这一复兴的每一个关键角度。它从 Cameco 的基本燃料和 BWX Technologies 的高科技组件开始。</p>
<p>然后通过行业领先的运营商 Constellation Energy 捕捉对基载电力的即时、盈利需求，同时展望未来去中心化能源与 NuScale Power 的颠覆性 SMR 技术。</p>
<p>这些公司共同形成了一种完整且协同的方式，抓住这一刚刚开始展开的世代机会。</p>
<h2>你现在应该投资 1000 美元在 Cameco 吗？</h2>
<p>在你考虑 Cameco 之前，你需要听听这个。</p>
<p>MarketBeat 每天跟踪华尔街顶级评级和表现最佳的研究分析师及其推荐给客户的股票。MarketBeat 已识别出五只顶级分析师悄悄向客户推荐的股票，建议现在购买，以便在更广泛的市场注意到之前...而 Cameco 并不在名单上。</p>
<p>虽然 Cameco 目前在分析师中获得了买入评级，但顶级分析师认为这五只股票更值得购买。</p>
<p>在这里查看这五只股票</p>

BWXT

<p>由于人工智能和大规模电气化推动的电力需求激增，核能股票正创造出显著的投资机会。像 Cameco、BWX Technologies 和 Constellation Energy 这样的公司正处于这一核能复兴的有利位置。作为领先的铀供应商，Cameco 因需求上升和有利的市场动态而实现了可观的股票涨幅。BWX Technologies 为核反应堆提供关键组件，并拥有强大的政府支持的收入基础。作为美国最大的核电生产商，Constellation Energy 正在利用对可靠、无碳电力日益增长的需求，自其上市以来股票表现出色</p>

<p>The global economy is undergoing a fundamental rewiring. A powerful combination of two megatrends, the mass electrification of everything and the artificial intelligence (AI) revolution, is creating a historic surge in electricity consumption.</p>
<div class="lb-trans"><p>全球经济正在经历根本性的重构。大规模电气化和人工智能（AI）革命这两大趋势的强大结合，正在引发历史性的电力消费激增。</p>
</div><p>From electrifying the transportation and industrial manufacturing sectors to the growing power needs of data centers, the world's insatiable appetite for electricity is not a cyclical trend, but a permanent step-change in global energy demand.</p>
<div class="lb-trans"><p>从电气化交通和工业制造部门到数据中心日益增长的电力需求，全球对电力的贪婪需求不是周期性趋势，而是全球能源需求的永久性变革。</p>
</div><p>This demand shock is colliding with a severely outdated electrical grid. The current infrastructure was not designed for such heavy loads or for the efficient long-distance transmission of the electricity required to power a modern, digital economy. This creates a critical bottleneck that renewables alone cannot solve.</p>
<div class="lb-trans"><p>这种需求冲击与严重过时的电网相碰撞。当前的基础设施并未设计用于如此重的负载或高效的长距离电力传输，以满足现代数字经济的需求。这造成了一个关键瓶颈，仅靠可再生能源无法解决。</p>
</div><p>Nuclear energy is uniquely positioned to meet this challenge. It provides immense, reliable, 24/7 carbon-free baseload power for grid stability. At the same time, new technologies like Small Modular Reactors (SMRs) enable localized generation that can be built closer to demand centers, bypassing the grid infrastructure problem entirely.</p>
<div class="lb-trans"><p>核能在满足这一挑战方面具有独特的优势。它提供巨大的、可靠的、全天候的无碳基础负荷电力，以确保电网的稳定。同时，小型模块化反应堆（SMRs）等新技术使得可以在靠近需求中心的地方进行本地化发电，完全绕过电网基础设施问题。</p>
</div><p>This dual capability has ignited a nuclear renaissance, creating powerful, government-backed tailwinds for a select group of companies.</p>
<div class="lb-trans"><p>这种双重能力点燃了核能复兴，为一小部分公司创造了强大的政府支持的顺风。</p>
</div><h2>Cameco: The Indispensable Uranium Supplier</h2>
<div class="lb-trans"><h2>Cameco：不可或缺的铀供应商</h2>
</div><p>Every nuclear reactor, old or new, needs uranium. As the base of the entire nuclear value chain, Cameco Corporation NYSE: CCJ represents a foundational investment in the fuel cycle. The stock has already responded to this dynamic, posting a one-year gain of over 94% and a five-year gain of over 700%.</p>
<div class="lb-trans"><p>每个核反应堆，无论新旧，都需要铀。作为整个核价值链的基础，Cameco Corporation NYSE: CCJ 代表了燃料循环中的基础投资。该股票已经对此动态做出了反应，过去一年上涨超过 94%，五年上涨超过 700%。</p>
</div><p>Powerful global trends support the investment case for Cameco.</p>
<div class="lb-trans"><p>强大的全球趋势支持对 Cameco 的投资案例。</p>
</div><ul>
<li><strong>A Geopolitical Safe Haven:</strong> Cameco is one of the world’s largest and most reliable Western uranium producers. The global push for energy security, reinforced by the U.S. ban on Russian uranium, makes its Canadian-based assets exceptionally valuable to utilities seeking a stable, long-term fuel supply.</li>
<li><strong>Favorable Market Dynamics:</strong> The current market is defined by a structural deficit where uranium demand exceeds supply. This creates a strong tailwind for higher prices and allows Cameco to lock in favorable terms on long-term contracts, like its recent deal with Slovakia's primary utility.</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>地缘政治安全避风港：</strong> Cameco 是全球最大和最可靠的西方铀生产商之一。全球对能源安全的推动，加上美国对俄罗斯铀的禁令，使其位于加拿大的资产对寻求稳定、长期燃料供应的公用事业公司极具价值。</li>
<li><strong>有利的市场动态：</strong> 当前市场的特点是结构性赤字，铀需求超过供应。这为价格上涨创造了强劲的顺风，并允许 Cameco 在长期合同中锁定有利条款，例如与斯洛伐克主要公用事业公司的近期交易。</li>
</ul>
</div><p>A tight global uranium market and rising demand create a favorable pricing environment. This translates directly into higher revenues and improved margins for Cameco, which is reflected in a consensus Buy rating from analysts and an average price target of $89.55.</p>
<div class="lb-trans"><p>紧张的全球铀市场和不断上升的需求创造了有利的定价环境。这直接转化为 Cameco 的更高收入和改善的利润率，这在分析师的共识买入评级和 89.55 美元的平均目标价中得到了体现。</p>
</div><p>Since the last earnings report, some analysts have rerated the stock, setting a more localized consensus price target of approximately $104. This adjustment in the consensus price since the last earnings report directly reflects the increasing demand for uranium.</p>
<div class="lb-trans"><p>自上次财报以来，一些分析师对该股票进行了重新评级，设定了大约 104 美元的更本地化共识目标价。自上次财报以来共识价格的调整直接反映了对铀需求的增加。</p>
</div><h2>BWX Technologies: The Pick-and-Shovel Powerhouse</h2>
<div class="lb-trans"><h2>BWX Technologies：挖掘与铲子的强者</h2>
</div><p>BWX Technologies, Inc. NYSE: BWXT is the critical pick-and-shovel manufacturer providing high-tech components for the entire nuclear ecosystem. The company is well-positioned to capitalize on constructing every new reactor, a factor clearly demonstrated by its stock's 69% gain over the past year.</p>
<div class="lb-trans"><p>BWX Technologies, Inc. NYSE: BWXT 是为整个核生态系统提供高科技组件的关键挖掘与铲子制造商。该公司在建设每个新反应堆方面处于良好位置，这一点在其股票过去一年上涨 69% 中得到了明确体现。</p>
</div><ul>
<li><strong>Government-Backed Stability:</strong> BWX’s core business is a virtual monopoly supplying reactors for the U.S. Navy’s fleet, providing a predictable, high-margin revenue base. This stability is complemented by strong execution, as seen in its second quarter 2025 earnings report, where it posted an earnings per share (EPS) of $1.02, easily beating the consensus estimate of $0.79.</li>
<li><strong>Enabling the Next Generation:</strong> The company is a key player in developing a domestic supply chain for High-Assay Low-Enriched Uranium (HALEU), the advanced fuel essential for most SMR designs. A recent $1.5 billion contract from the National Nuclear Security Administration highlights its pivotal role.</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>政府支持的稳定性：</strong> BWX 的核心业务是为美国海军舰队提供反应堆的虚拟垄断，提供可预测的高利润收入基础。这种稳定性得到了强有力的执行的补充，正如其 2025 年第二季度财报所示，报告每股收益（EPS）为 1.02 美元，轻松超出共识预期的 0.79 美元。</li>
<li><strong>推动下一代：</strong> 该公司是开发高浓缩低丰度铀（HALEU）国内供应链的关键参与者，这种先进燃料对大多数 SMR 设计至关重要。最近获得的来自国家核安全局的 15 亿美元合同突显了其关键角色。</li>
</ul>
</div><p>With 94% institutional ownership, sophisticated investors view BWX Technologies as a cornerstone of the nuclear industry. Its stable government cash flow funds its expansion into high-growth areas, giving the stock a powerful combination of security and upside potential.</p>
<div class="lb-trans"><p>拥有 94% 的机构持股，复杂的投资者将 BWX Technologies 视为核工业的基石。其稳定的政府现金流为其扩展到高增长领域提供资金，使该股票具备强大的安全性和上行潜力。</p>
</div><h2>Constellation Energy: The Market's Nuclear Leader</h2>
<div class="lb-trans"><h2>Constellation Energy：市场的核能领军者</h2>
</div><p>Constellation Energy Corporation NASDAQ: CEG is the most established, large-scale nuclear power producer. The company is already capitalizing on the immense electricity demand from the AI and data center boom. It is the most immediate and profitable beneficiary of the nuclear renaissance, with its stock gaining nearly 525% since the company’s IPO three years ago.</p>
<div class="lb-trans"><p>Constellation Energy Corporation NASDAQ: CEG 是最成熟的大规模核电生产商。该公司已经在利用来自 AI 和数据中心繁荣的巨大电力需求。它是核能复兴中最直接和最有利可图的受益者，自公司三年前上市以来，其股票上涨近 525%。</p>
</div><p>As the largest operator of nuclear power plants in the U.S., Constellation is the primary provider of the 24/7 carbon-free power that data centers demand. The investment thesis for Constellation Energy is proven by its results. Constellation has secured long-term Power Purchase Agreements (PPAs) with tech giants to guarantee revenue streams.</p>
<div class="lb-trans"><p>作为美国最大的核电站运营商，Constellation 是提供数据中心所需的全天候无碳电力的主要供应商。Constellation Energy 的投资论点通过其业绩得到了证明。Constellation 已与科技巨头签署长期电力购买协议（PPAs），以确保收入流。</p>
</div><p>Unlike speculative plays, Constellation is highly profitable today, delivering a strong 21.61% return on equity (ROE) and beating recent earnings estimates. Its ability to command premium prices for its reliable power translates directly into robust cash flow and a rising stock price, reflecting its essential role in powering the digital economy.</p>
<div class="lb-trans"><p>与投机性投资不同，Constellation 今天盈利丰厚，提供强劲的 21.61% 的股本回报率（ROE），并超出近期的收益预期。其能够为可靠电力收取溢价价格，直接转化为强劲的现金流和上涨的股价，反映出其在推动数字经济中的重要角色。</p>
</div><h2>NuScale Power: The Future of Localized Energy</h2>
<div class="lb-trans"><h2>NuScale Power：本地化能源的未来</h2>
</div><p>NuScale Power Corporation NYSE: SMR represents a strategic investment in the disruptive Small Modular Reactor (SMR) technology, which promises to solve the grid's infrastructure problem by bringing power generation directly to the customer.</p>
<div class="lb-trans"><p>NuScale Power Corporation NYSE: SMR 代表了对颠覆性的小型模块化反应堆（SMR）技术的战略投资，该技术承诺通过将发电直接带给客户来解决电网的基础设施问题。</p>
</div><p>NuScale’s key advantage is a formidable competitive moat. It is the first and only company with an SMR design officially certified by the U.S. Nuclear Regulatory Commission. This rigorous, multi-year approval process creates a significant barrier to entry for competitors.</p>
<div class="lb-trans"><p>NuScale 的关键优势在于其强大的竞争护城河。它是第一家也是唯一一家获得美国核管理委员会正式认证的 SMR 设计的公司。这一严格的多年审批过程为竞争对手创造了显著的进入壁垒。</p>
</div><p>SMRs are designed to be built at a smaller scale and closer to the point of use, such as an industrial park or a data center campus.</p>
<div class="lb-trans"><p>SMR 设计为在较小规模和更靠近使用点的地方建造，例如工业园区或数据中心园区。</p>
</div><p>This localized model reduces the need for costly transmission lines. Commercial momentum is building, demonstrated by recent agreements to advance SMR deployment projects in key markets. As the certified leader in a transformative new market, NuScale offers exceptional long-term growth potential.</p>
<div class="lb-trans"><p>这个本地化模型减少了对昂贵输电线路的需求。商业势头正在增强，最近达成的协议证明了在关键市场推进小型模块化反应堆（SMR）部署项目的进展。作为一个变革性新市场的认证领导者，NuScale 提供了卓越的长期增长潜力。</p>
</div><h2>The One-Stop Shop for Sector Exposure</h2>
<div class="lb-trans"><h2>行业曝光的一站式服务</h2>
</div><p>For investors who are bullish on the uranium fuel cycle but wish to mitigate the risks associated with a single company, the Sprott Uranium Miners ETF NYSEARCA: URNM offers a compelling solution. URNM tracks an index of the world's leading uranium companies, giving investors a stake in a basket of the most important players.</p>
<div class="lb-trans"><p>对于看好铀燃料循环但希望降低单一公司相关风险的投资者，Sprott 铀矿 ETF（NYSEARCA: URNM）提供了一个引人注目的解决方案。URNM 跟踪全球领先铀公司的指数，使投资者能够参与一篮子最重要参与者的投资。</p>
</div><p>A key feature of this ETF is its allocation to the Sprott Physical Uranium Trust, which holds physical pounds of uranium. This gives investors exposure to the miners and the price of the underlying commodity itself.</p>
<div class="lb-trans"><p>该 ETF 的一个关键特点是其对 Sprott 实物铀信托的配置，该信托持有实物铀。这使得投资者能够接触到矿业公司及其基础商品的价格。</p>
</div><p>With a healthy year-to-date return of over 44% and a five-year return of over 285%, URNM's performance directly reflects the powerful fundamentals driving the entire uranium market. It stands as an efficient and strategic tool for capturing the sector-wide momentum.</p>
<div class="lb-trans"><p>URNM 年初至今的回报率超过 44%，五年回报率超过 285%，其表现直接反映了推动整个铀市场的强大基本面。它作为一个高效且战略性的工具，捕捉了整个行业的势头。</p>
</div><h2>The Complete Nuclear Strategy</h2>
<div class="lb-trans"><h2>完整的核能战略</h2>
</div><p>The convergence of mass electrification and the artificial intelligence revolution creates a powerful, long-term demand for clean, reliable energy that cannot be ignored. This structural shift has made the revitalization of nuclear power a strategic necessity, creating a durable investment megatrend.</p>
<div class="lb-trans"><p>大规模电气化与人工智能革命的融合，创造了对清洁、可靠能源的强劲长期需求，这一需求不容忽视。这一结构性转变使得核能的复兴成为战略必要，形成了持久的投资大趋势。</p>
</div><p>The portfolio strategy covers every critical angle of this renaissance. It begins with the essential fuel from Cameco and the high-tech components from the industrial backbone, BWX Technologies.</p>
<div class="lb-trans"><p>该投资组合策略涵盖了这一复兴的每一个关键角度。它从 Cameco 的基本燃料和 BWX Technologies 的高科技组件开始。</p>
</div><p>It then captures the immediate, profitable demand for baseload power through the industry's leading operator, Constellation Energy, while looking to the future of decentralized energy with the disruptive SMR technology from NuScale Power.</p>
<div class="lb-trans"><p>然后通过行业领先的运营商 Constellation Energy 捕捉对基载电力的即时、盈利需求，同时展望未来去中心化能源与 NuScale Power 的颠覆性 SMR 技术。</p>
</div><p>Together, these companies form a complete and synergistic approach to a generational opportunity that is just beginning to unfold.</p>
<div class="lb-trans"><p>这些公司共同形成了一种完整且协同的方式，抓住这一刚刚开始展开的世代机会。</p>
</div><h2>Should You Invest $1,000 in Cameco Right Now?</h2>
<div class="lb-trans"><h2>你现在应该投资 1000 美元在 Cameco 吗？</h2>
</div><p>Before you consider Cameco, you'll want to hear this.</p>
<div class="lb-trans"><p>在你考虑 Cameco 之前，你需要听听这个。</p>
</div><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cameco wasn't on the list.</p>
<div class="lb-trans"><p>MarketBeat 每天跟踪华尔街顶级评级和表现最佳的研究分析师及其推荐给客户的股票。MarketBeat 已识别出五只顶级分析师悄悄向客户推荐的股票，建议现在购买，以便在更广泛的市场注意到之前...而 Cameco 并不在名单上。</p>
</div><p>While Cameco currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p>
<div class="lb-trans"><p>虽然 Cameco 目前在分析师中获得了买入评级，但顶级分析师认为这五只股票更值得购买。</p>
</div><p>View The Five Stocks Here</p>
<div class="lb-trans"><p>在这里查看这五只股票</p>
</div>

随着核能复兴的推进，投资者纷纷涌向铀市场