Goldman Sees Uranium Prices "Stairstep" Over Time Amid Energy Transition, Reiterates Bull Case On Cameco

Uranium stocks received a sizeable bid this past week on headlines that the owner of Three Mile Island will invest about $1.6 billion to revive the nuclear power plant near Middletown, Pa., and locked in a 20-year energy contract to sell the power to Microsoft, which is seeking low-cost 'green' power to supply regional artificial intelligence data centers. 

Also last week, Goldman analysts Neil Mehta and Adam Wijaya provided clients with an overview of uranium market dynamics, concentrating on the spot and term markets.