EnergyReader · 2026-08-07 07:58

Cameco Trades 31% Below Its Peak as DOE Locks In $17.5 Billion for Westinghouse Reactor Loans

By EnergyReader Newsroom · August 7, 2026

The URA uranium equity ETF gained 0.58% to $43.20 in early trading on Friday (2026-08-07). Cameco, one of the world's largest uranium producers, has dropped 31% from its 52-week high, according to an August 6 (2026-08-06) analysis. Yet the U.S. Department of Energy conditionally committed $17.5 billion in loans to finance construction of up to 10 Westinghouse AP1000 nuclear reactors, a program in which Cameco holds a direct stake through its 49% ownership of Westinghouse Electric Company.

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