Cameco Stock And 2 Nuclear Energy Names Worth Watching

With inflation, energy prices and central bank decisions all pulling on markets at once, many investors are looking for clearer ways to participate in the long term shift toward reliable power. Nuclear energy stocks sit at the intersection of energy security, supply chain resilience and changing policy signals. The Nuclear Energy Stocks screener is designed to help you sort through uranium producers, enrichment specialists and reactor operators in one place. This article highlights 3 stocks from that screener, showing how different parts of the nuclear ecosystem respond to the same macro currents you see in the headlines.

Cameco (TSX:CCO)

Overview: Cameco is a Canadian company that supplies uranium and nuclear fuel services, as well as owning a large stake in Westinghouse, which designs and services nuclear reactors for utilities across the Americas, Europe and Asia.

Operations: Cameco generates revenue primarily from its Uranium segment at about CA$3.0b, Fuel Services at about CA$0.6b, and its Westinghouse segment at about CA$3.6b, with smaller segment and unallocated adjustments.

Market Cap: CA$53.9b

Cameco sits at the heart of the nuclear value chain, from Tier 1 uranium mines like Cigar Lake to fuel services and a 49% interest in Westinghouse. This gives you exposure to both fuel and reactor activity as governments revisit nuclear power. Earnings recently grew very quickly. Analysts expect revenue and profit growth to outpace the broader Canadian market, but the current P/E is far above industry averages, so valuation risk and execution by a relatively new management team matter. Temporary production issues and higher cost inventory also show how sensitive results can be to operations and supply chains. For investors tracking the Nuclear Energy Stocks screener, Cameco is one of the clearest ways to link uranium pricing, reactor build decisions and policy support into a single stock story.

Cameco’s rapid earnings momentum and high P/E hint that the story around its uranium, fuel services and Westinghouse exposure may be only half told. Review the DCF valuation analysis for Cameco to see what the current price might already be assuming.

WSP Global (TSX:WSP)

Overview: WSP Global is a Montreal based consulting firm that helps governments and companies plan, design, and manage major infrastructure and energy projects, from rail and airports to water systems, environmental studies, and lower carbon power including nuclear.

Operations: WSP Global generates most of its revenue in the Americas at about CA$8.4b, followed by EMEIA at about CA$5.3b, Canada at about CA$2.8b, and APAC at about CA$2.0b.

Market Cap: CA$21.7b

WSP Global gives you a way to tap into the long term push for sustainable infrastructure, digital projects, and lower carbon energy, including nuclear, through a consulting model that does not require owning physical assets. Earnings growth has recently outpaced much of the Construction industry and analysts expect profits to grow faster than revenue as higher margin advisory and digital work becomes a bigger part of the mix. At the same time, heavy use of debt, reliance on acquisitions, and exposure to public budgets mean execution, integration, and funding risks matter. If you are tracking nuclear and grid investment through the Nuclear Energy Stocks screener, WSP’s backlog, margin ambitions, and use of AI tools may be points to examine more closely.

WSP Global’s accelerating mix of higher margin advisory and digital work could be masking a very different earnings story than headline revenue suggests. Scan the analyst forecasts for WSP Global to see what expectations might be overlooking.

Bird Construction (TSX:BDT)

Overview: Bird Construction is a Canadian contractor that builds and maintains complex projects across industrial, infrastructure and building markets, ranging from data centers, energy and mining facilities to schools, hospitals and defence projects.

Operations: Bird Construction generates its revenue of about CA$3.5b from the general contracting sector in Canada.

Market Cap: CA$3.9b

Bird Construction sits at an interesting crossroads if you want exposure to Canada’s infrastructure, energy transition and data center buildout, including nuclear related work. A record backlog, recent CA$1b of project awards and growing data center and green energy contracts point to a fuller pipeline, while higher margin maintenance and service agreements help smooth earnings. At the same time, thin net margins of 1.4%, a high P/E multiple and funding that leans on external borrowing leave little room for project missteps or delays in capital spending. For investors using the Nuclear Energy Stocks screener, the key consideration is whether Bird’s growing backlog, new debt structure and sector mix can turn that busy order book into durable, higher quality earnings.

Bird Construction’s record backlog and CA$1.0b in recent project awards could be masking a bigger shift in earnings quality. Use the analyst forecasts for Bird Construction to see whether that busy pipeline is quietly reshaping the story.

The three nuclear energy stocks in this article are just a starting point. The full screener has identified 54 more companies with equally compelling narratives across the fuel, infrastructure and reactor segments of the sector in the Nuclear Energy Stocks screener. Use Simply Wall St to identify and analyze the specific catalysts and narratives that matter to you so you can focus on the highest conviction nuclear energy ideas in minutes.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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