<h2>关键点</h2>
<ul>
<li>全球能源需求上升使核能成为政府和科技公司青睐的选择。</li>
<li>Cameco 是最大的上市铀矿公司，应该会从核基础设施建设中受益。</li>
<li>BWX 为核能行业制造关键产品，并且是美国海军反应堆的独家供应商。</li>
<li>我们更看好的 10 只股票 ›</li>
</ul>
<p>全球能源需求正在激增，世界面临一个简单的现实：我们需要更多的能源。尽管风能和太阳能越来越受欢迎，但现代科技始终在线，需要可靠的能源来提供不间断的电力。科技巨头们越来越多地接受核能，政府也在为未来几十年内更多的核能铺平道路。</p>
<p>在这一复苏的背景下，核能股票正享受着强劲的顺风，预计这种趋势将持续数十年。两只正在飙升的核能股票是 <strong>Cameco</strong>(NYSE: CCJ) 和 <strong>BWX Technologies</strong>(NYSE: BWXT)，过去一年分别上涨了 103% 和 82%。以下是这些股票为何能继续为长期投资者带来回报的原因。</p>
<p><em><strong>人工智能会创造出世界上第一个万亿富翁吗？</strong> 我们的团队刚刚发布了一份关于一家鲜为人知的公司报告，该公司被称为 “不可或缺的垄断”，提供 Nvidia 和 Intel 都需要的关键技术。<strong>继续 »</strong></em></p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg2ODE5Ny9jb29saW5nLXRvd2Vycy1hdC1wbGFudC1udWNsZWFyLWVuZXJneS1nZXR0eS5qcGcCNnc9NzAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg2ODE5Ny9jb29saW5nLXRvd2Vycy1hdC1wbGFudC1udWNsZWFyLWVuZXJneS1nZXR0eS5qcGcCNnc9NzAw"/></p>
<p>图片来源：Getty Images。</p>
<h2>这家顶级矿业公司将助力全球核能建设</h2>
<p>近年来，能源需求激增引起了人们的关注，各国正在争相满足人工智能（AI）数据中心日益增长的需求。在美国，推动能源独立的努力正在加大，核能被视为实现这一目标的关键支柱。在特朗普政府期间，美国正在推动核技术的发展，加速核相关基础设施的建设。</p>
<p>Cameco 位于西方能源独立与核能需求增长的交汇点。该公司是全球最大的上市铀矿公司，也是西方世界铀供应的无可争议的巨头。Cameco 大约提供全球 17% 的铀，并在加拿大萨斯喀彻温省的麦克阿瑟河和雪茄湖拥有超高品位的铀矿。</p>
<p>该公司承诺在未来五年内每年交付 2800 万磅铀，这使其能够优化库存，防止过剩供应冲击现货市场。Cameco 还与印度原子能部签署了一项价值 26 亿美元的长期协议，计划在 2035 年前供应 2200 万磅铀矿浓缩物。</p>
<p>虽然 Cameco 在铀矿开采领域是一个主要参与者，但它还通过其在西屋电气公司 49% 的股份为投资者提供了核能基础设施建设的上行空间。西屋电气是核能技术行业的巨头，几乎一半的在运核电站依赖其技术。2023 年 11 月，由 Cameco 和 <strong>Brookfield Renewable Partners</strong> 组成的财团以 79 亿美元收购了西屋电气。</p>
<p>去年，西屋、Cameco 和 Brookfield 与美国商务部达成合作，加速在美国建设西屋反应堆。该交易价值约 800 亿美元，预计西屋将在全国范围内建设多达 20 个大型 AP1000 反应堆。此外，西屋正在开发 AP300 小型模块化反应堆（SMR），并希望在 2030 年代初期投入使用。</p>
<p>近年来，随着投资者对新兴核能行业的看好，Cameco 股票大幅上涨。最近，该股从 52 周高点回落了 22%。考虑到核能需求增长带来的长期顺风，我认为这次回调是长期投资者购买该股的绝佳机会。</p>
<h2>BWX Technologies 的垄断提供了终极经济护城河</h2>
<p>BWX Technologies 是核能行业的 “铲子和镐” 股票。它不进行矿业或拥有发电厂，但提供核能和核医学所需的专业设备和燃料。该公司积累了专业知识，制造用于核反应堆的复杂高精度设备。</p>
<p>该公司制造核反应堆的组件，包括蒸汽发生器、反应堆压力容器和管道。它还为下一代 SMR 制造组件，包括 <strong>GE Vernova</strong> 和日立的 BWRX-300 SMR，以及为美国军方制造的先进反应堆。它还利用其核基础设施制造用于癌症诊断和靶向治疗的医疗同位素。</p>
<p>BWX 对投资者的吸引力在于其在向美国海军供应燃料方面的几乎垄断地位。70 多年来，BWX 一直是为海军的航空母舰和潜艇（包括弗吉尼亚级和哥伦比亚级潜艇）提供核反应堆的独家供应商。由于这些军用级反应堆核心非常复杂且敏感，竞争对手很难进入这一领域，使 BWX 拥有政府支持的垄断地位，并积累了数十亿美元的订单积压。</p>
<p>BWX Technologies 作为国家安全至关重要的国防承包商处于强势地位，同时也为您提供了投资于人工智能革命和核能建设的机会。对于希望利用核能革命的投资者来说，BWX 是另一只值得购买并长期持有的股票。</p>
<h2>现在应该购买 Cameco 的股票吗？</h2>
<p>在您购买 Cameco 的股票之前，请考虑以下几点：</p>
<p><em>Motley Fool Stock Advisor</em> 分析团队刚刚确定了他们认为现在投资者应该购买的 <strong>10 只最佳股票</strong>……而 Cameco 并不在其中。这 10 只股票在未来几年可能会产生巨额回报。</p>
<p>考虑一下 <strong>Netflix</strong> 在 2004 年 12 月 17 日进入这个名单时……如果你在我们推荐时投资了 1000 美元，<strong>你现在将拥有 481,750 美元</strong>！* 或者当 <strong>Nvidia</strong> 在 2005 年 4 月 15 日进入这个名单时……如果你在我们推荐时投资了 1000 美元，<strong>你现在将拥有 1,352,457 美元</strong>！*</p>
<p>现在值得注意的是，<em>Stock Advisor</em> 的总平均回报率为 990%——相比之下，标准普尔 500 指数的回报率为 206%，表现出色。<strong>不要错过最新的前 10 名单，加入由个人投资者为个人投资者建立的投资社区，获取 <em>Stock Advisor</em> 的最新信息。</strong></p>
<p><strong>查看这 10 只股票 »</strong></p>
<p><em>*Stock Advisor 的回报截至 2026 年 5 月 20 日。</em></p>
<p><em>Courtney Carlsen 持有 Cameco 和 GE Vernova 的股份。Motley Fool 持有并推荐 BWX Technologies、Cameco 和 GE Vernova。Motley Fool 推荐 Brookfield Renewable。Motley Fool 有披露政策。</em></p>
<p>此处表达的观点和意见是作者的观点和意见，并不一定反映 Nasdaq, Inc. 的观点。</p>

BWXT

<p>Cameco 和 BWX Technologies 是两只受益于全球能源需求上升的核能股票，过去一年中，Cameco 上涨了 103%，BWX 上涨了 82%。Cameco 作为最大的铀矿开采公司，通过其铀供应和与西屋电气的重大合作关系，具备了增长潜力。BWX 作为核能行业的关键供应商，在美国海军反应堆供应方面拥有垄断地位，确保了其强大的经济地位。这两家公司都处于有利位置，可以利用对核能日益依赖的趋势</p>

<h2>Key Points</h2>
<div class="lb-trans"><h2>关键点</h2>
</div><ul>
<li>Rising global energy demand make nuclear energy a popular option among governments and tech companies.</li>
<li>Cameco is the largest publicly traded uranium miner and should benefit from the nuclear infrastructure build-out.</li>
<li>BWX makes key products for the nuclear industry and is the exclusive supplier of reactors to the U.S. Navy.</li>
<li>10 stocks we like better than Cameco ›</li>
</ul>
<div class="lb-trans"><ul>
<li>全球能源需求上升使核能成为政府和科技公司青睐的选择。</li>
<li>Cameco 是最大的上市铀矿公司，应该会从核基础设施建设中受益。</li>
<li>BWX 为核能行业制造关键产品，并且是美国海军反应堆的独家供应商。</li>
<li>我们更看好的 10 只股票 ›</li>
</ul>
</div><p>Global energy demand is exploding, and the world is facing a simple reality: We need more energy. While wind and solar have grown in popularity, modern technology is always on and needs reliable energy that can deliver power no matter what. Technology giants are increasingly embracing nuclear energy, and governments are paving the way for more nuclear energy in the coming decades.</p>
<div class="lb-trans"><p>全球能源需求正在激增，世界面临一个简单的现实：我们需要更多的能源。尽管风能和太阳能越来越受欢迎，但现代科技始终在线，需要可靠的能源来提供不间断的电力。科技巨头们越来越多地接受核能，政府也在为未来几十年内更多的核能铺平道路。</p>
</div><p>Amid this resurgence, nuclear energy stocks are enjoying strong tailwinds that could persist for decades. Two nuclear stocks that are surging are <strong>Cameco</strong>(NYSE: CCJ) and <strong>BWX Technologies</strong>(NYSE: BWXT), gainin 103% and 82%, respectively, in the past year alone. Here's why these stocks can continue delivering for long-term investors.</p>
<div class="lb-trans"><p>在这一复苏的背景下，核能股票正享受着强劲的顺风，预计这种趋势将持续数十年。两只正在飙升的核能股票是 <strong>Cameco</strong>(NYSE: CCJ) 和 <strong>BWX Technologies</strong>(NYSE: BWXT)，过去一年分别上涨了 103% 和 82%。以下是这些股票为何能继续为长期投资者带来回报的原因。</p>
</div><p><em><strong>Will AI create the world's first trillionaire?</strong> Our team just released a report on the one little-known company, called an &#34;Indispensable Monopoly&#34; providing the critical technology Nvidia and Intel both need. <strong>Continue »</strong></em></p>
<div class="lb-trans"><p><em><strong>人工智能会创造出世界上第一个万亿富翁吗？</strong> 我们的团队刚刚发布了一份关于一家鲜为人知的公司报告，该公司被称为 “不可或缺的垄断”，提供 Nvidia 和 Intel 都需要的关键技术。<strong>继续 »</strong></em></p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg2ODE5Ny9jb29saW5nLXRvd2Vycy1hdC1wbGFudC1udWNsZWFyLWVuZXJneS1nZXR0eS5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F868197%2Fcooling-towers-at-plant-nuclear-energy-getty.jpg&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>This top miner will help fuel the global nuclear build-out</h2>
<div class="lb-trans"><h2>这家顶级矿业公司将助力全球核能建设</h2>
</div><p>In recent years, surging energy demand has come into focus, and countries are scrambling to meet the growing needs of artificial intelligence (AI) data centers. In the United States, there has been a major push for energy independence, and nuclear power is seen as a key pillar in making it possible. Under the Trump administration, the U.S. is pushing to advance nuclear technology and accelerate the build-out of nuclear-related infrastructure.</p>
<div class="lb-trans"><p>近年来，能源需求激增引起了人们的关注，各国正在争相满足人工智能（AI）数据中心日益增长的需求。在美国，推动能源独立的努力正在加大，核能被视为实现这一目标的关键支柱。在特朗普政府期间，美国正在推动核技术的发展，加速核相关基础设施的建设。</p>
</div><p>Cameco sits at the intersection of Western energy independence and the growing demand for nuclear power. The company is the largest publicly traded uranium miner in the world and the undisputed heavyweight of the Western world's uranium supply. Cameco supplies roughly 17% of the world's uranium and owns ultra-high-grade uranium mines at McArthur River and Cigar Lake in Saskatchewan, Canada.</p>
<div class="lb-trans"><p>Cameco 位于西方能源独立与核能需求增长的交汇点。该公司是全球最大的上市铀矿公司，也是西方世界铀供应的无可争议的巨头。Cameco 大约提供全球 17% 的铀，并在加拿大萨斯喀彻温省的麦克阿瑟河和雪茄湖拥有超高品位的铀矿。</p>
</div><p>The company has committed to delivering an average of 28 million pounds of uranium per year over the next five years, which enables it to optimize its inventory and prevent excess supply from flooding the spot market. Cameco also signed a huge $2.6 billion long-term agreement with India's Department of Atomic Energy to supply 22 million pounds of uranium ore concentrate through 2035.</p>
<div class="lb-trans"><p>该公司承诺在未来五年内每年交付 2800 万磅铀，这使其能够优化库存，防止过剩供应冲击现货市场。Cameco 还与印度原子能部签署了一项价值 26 亿美元的长期协议，计划在 2035 年前供应 2200 万磅铀矿浓缩物。</p>
</div><p>While Cameco is a major player in the uranium mining space, it also offers investors upside from the nuclear energy infrastructure build-out through its 49% stake in Westinghouse Electric. Westinghouse is a behemoth in the nuclear energy technology industry, and nearly half of the operating nuclear power plants rely on its technology. In November 2023, a consortium comprising Cameco and <strong>Brookfield Renewable Partners</strong> acquired Westinghouse for $7.9 billion.</p>
<div class="lb-trans"><p>虽然 Cameco 在铀矿开采领域是一个主要参与者，但它还通过其在西屋电气公司 49% 的股份为投资者提供了核能基础设施建设的上行空间。西屋电气是核能技术行业的巨头，几乎一半的在运核电站依赖其技术。2023 年 11 月，由 Cameco 和 <strong>Brookfield Renewable Partners</strong> 组成的财团以 79 亿美元收购了西屋电气。</p>
</div><p>Last year, Westinghouse, Cameco, and Brookfield entered into a partnership with the U.S. Department of Commerce to accelerate the build-out of Westinghouse reactors across the United States. The deal, valued at around $80 billion, would see Westinghouse build as many as 20 of its large-scale AP1000 reactors across the country. On top of that, Westinghouse is developing the AP300 small modular reactor (SMR) and hopes to deploy it in the early 2030s.</p>
<div class="lb-trans"><p>去年，西屋、Cameco 和 Brookfield 与美国商务部达成合作，加速在美国建设西屋反应堆。该交易价值约 800 亿美元，预计西屋将在全国范围内建设多达 20 个大型 AP1000 反应堆。此外，西屋正在开发 AP300 小型模块化反应堆（SMR），并希望在 2030 年代初期投入使用。</p>
</div><p>Cameco stock has run up significantly over the past few years as investors have grown more bullish about the budding nuclear energy industry. More recently, the stock has pulled back 22% from its 52-week high. Given the long-term tailwinds from growing demand for nuclear energy, I think the dip is an excellent opportunity for long-term investors to scoop up the stock.</p>
<div class="lb-trans"><p>近年来，随着投资者对新兴核能行业的看好，Cameco 股票大幅上涨。最近，该股从 52 周高点回落了 22%。考虑到核能需求增长带来的长期顺风，我认为这次回调是长期投资者购买该股的绝佳机会。</p>
</div><h2>BWX Technologies' monopoly provides the ultimate economic moat</h2>
<div class="lb-trans"><h2>BWX Technologies 的垄断提供了终极经济护城河</h2>
</div><p>BWX Technologies is a picks-and-shovels stock in the nuclear industry. It doesn't mine or own power plants, but it does provide the specialized equipment and fuel needed for nuclear energy and nuclear medicine. The company has built up expertise and manufactures the complex, high-precision equipment used in nuclear reactors.</p>
<div class="lb-trans"><p>BWX Technologies 是核能行业的 “铲子和镐” 股票。它不进行矿业或拥有发电厂，但提供核能和核医学所需的专业设备和燃料。该公司积累了专业知识，制造用于核反应堆的复杂高精度设备。</p>
</div><p>The company manufactures components for nuclear reactors, including steam generators, reactor pressure vessels, and piping. It also manufactures components for next-generation SMRs, including those for the BWRX-300 SMR by <strong>GE Vernova</strong> and Hitachi, as well as advanced reactors for the U.S. military. It also leverages its nuclear infrastructure to manufacture medical isotopes used in cancer diagnostics and targeted therapies.</p>
<div class="lb-trans"><p>该公司制造核反应堆的组件，包括蒸汽发生器、反应堆压力容器和管道。它还为下一代 SMR 制造组件，包括 <strong>GE Vernova</strong> 和日立的 BWRX-300 SMR，以及为美国军方制造的先进反应堆。它还利用其核基础设施制造用于癌症诊断和靶向治疗的医疗同位素。</p>
</div><p>What makes BWX compelling for investors is its virtual monopoly on supplying fuel to the U.S. Navy. For over 70 years, BWX has been the exclusive provider of nuclear reactors that power the Navy's fleet of aircraft carriers and submarines, including the Virginia-class and Columbia-class subs. Because these military-grade reactor cores are highly complex and sensitive, it's difficult for competitors to break into this space, giving BWX a government-backed monopoly with a multibillion-dollar backlog.</p>
<div class="lb-trans"><p>BWX 对投资者的吸引力在于其在向美国海军供应燃料方面的几乎垄断地位。70 多年来，BWX 一直是为海军的航空母舰和潜艇（包括弗吉尼亚级和哥伦比亚级潜艇）提供核反应堆的独家供应商。由于这些军用级反应堆核心非常复杂且敏感，竞争对手很难进入这一领域，使 BWX 拥有政府支持的垄断地位，并积累了数十亿美元的订单积压。</p>
</div><p>BWX Technologies is in a strong position as a defense contractor crucial for national security, while also offering you an opportunity to invest in the AI revolution and nuclear energy build-out. For investors looking to capitalize on the nuclear energy revolution, BWX is another compelling stock to buy and hold for the long haul.</p>
<div class="lb-trans"><p>BWX Technologies 作为国家安全至关重要的国防承包商处于强势地位，同时也为您提供了投资于人工智能革命和核能建设的机会。对于希望利用核能革命的投资者来说，BWX 是另一只值得购买并长期持有的股票。</p>
</div><h2>Should you buy stock in Cameco right now?</h2>
<div class="lb-trans"><h2>现在应该购买 Cameco 的股票吗？</h2>
</div><p>Before you buy stock in Cameco, consider this:</p>
<div class="lb-trans"><p>在您购买 Cameco 的股票之前，请考虑以下几点：</p>
</div><p>The <em>Motley Fool Stock Advisor</em> analyst team just identified what they believe are the <strong>10 best stocks</strong> for investors to buy now… and Cameco wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.</p>
<div class="lb-trans"><p><em>Motley Fool Stock Advisor</em> 分析团队刚刚确定了他们认为现在投资者应该购买的 <strong>10 只最佳股票</strong>……而 Cameco 并不在其中。这 10 只股票在未来几年可能会产生巨额回报。</p>
</div><p>Consider when <strong>Netflix</strong> made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, <strong>you’d have $481,750</strong>!* Or when <strong>Nvidia</strong> made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, <strong>you’d have $1,352,457</strong>!*</p>
<div class="lb-trans"><p>考虑一下 <strong>Netflix</strong> 在 2004 年 12 月 17 日进入这个名单时……如果你在我们推荐时投资了 1000 美元，<strong>你现在将拥有 481,750 美元</strong>！* 或者当 <strong>Nvidia</strong> 在 2005 年 4 月 15 日进入这个名单时……如果你在我们推荐时投资了 1000 美元，<strong>你现在将拥有 1,352,457 美元</strong>！*</p>
</div><p>Now, it’s worth noting <em>Stock Advisor’s</em> total average return is 990% — a market-crushing outperformance compared to 206% for the S&amp;P 500. <strong>Don't miss the latest top 10 list, available with <em>Stock Advisor</em>, and join an investing community built by individual investors for individual investors.</strong></p>
<div class="lb-trans"><p>现在值得注意的是，<em>Stock Advisor</em> 的总平均回报率为 990%——相比之下，标准普尔 500 指数的回报率为 206%，表现出色。<strong>不要错过最新的前 10 名单，加入由个人投资者为个人投资者建立的投资社区，获取 <em>Stock Advisor</em> 的最新信息。</strong></p>
</div><p><strong>See the 10 stocks »</strong></p>
<div class="lb-trans"><p><strong>查看这 10 只股票 »</strong></p>
</div><p><em>*Stock Advisor returns as of May 20, 2026.</em></p>
<div class="lb-trans"><p><em>*Stock Advisor 的回报截至 2026 年 5 月 20 日。</em></p>
</div><p><em>Courtney Carlsen has positions in Cameco and GE Vernova. The Motley Fool has positions in and recommends BWX Technologies, Cameco, and GE Vernova. The Motley Fool recommends Brookfield Renewable. The Motley Fool has a disclosure policy.</em></p>
<div class="lb-trans"><p><em>Courtney Carlsen 持有 Cameco 和 GE Vernova 的股份。Motley Fool 持有并推荐 BWX Technologies、Cameco 和 GE Vernova。Motley Fool 推荐 Brookfield Renewable。Motley Fool 有披露政策。</em></p>
</div><p>The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.</p>
<div class="lb-trans"><p>此处表达的观点和意见是作者的观点和意见，并不一定反映 Nasdaq, Inc. 的观点。</p>
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两只核能股票正在悄然成为今年及未来的交易热点