- Westinghouse Electric Company, jointly owned by Cameco and Brookfield Renewable Partners (NYSE:BEP), confidentially submitted a draft registration statement on Form S-1 with the US Securities and Exchange Commission for a proposed initial public offering.
- The top nuclear energy company powers nearly half of the world’s operating nuclear reactors.
- Cameco stock has appreciated by 15.11 per cent year-over-year and by 439.66 per cent since 2021.
Westinghouse Electric Company, acquired by Cameco (TSX:CCO; NYSE:CCJ) and Brookfield Renewable Partners (NYSE:BEP) for US$7.9 billion in 2023, confidentially submitted a draft registration statement on Form S-1 with the US Securities and Exchange Commission for a proposed initial public offering.
This article is a journalistic opinion piece which has been written based on independent research. It is intended to inform investors and should not be taken as a recommendation or financial advice.
Westinghouse is a top nuclear energy company with a more than 140-year history, highlighted by building the world’s first commercial pressurized water reactor in Shippingport, Pennsylvania.
Almost half of the world’s nuclear reactors operating today deploy the company’s technology, as per its official website, a figure positioned to grow following the signing of a term sheet in 2025, laying the foundation for the US government to invest a minimum US$80 billion in new nuclear reactors underpinned by Westinghouse technology.
According to Friday’s news release, details on the price and size of the share offering remain pending.
About Cameco
Cameco is one of the world’s largest providers of uranium fuel, a leadership position driven by low-cost operations, investments across the nuclear fuel cycle and the company’s ownership of the world’s largest high-grade uranium reserves.
Cameco stock (TSX:CCO; NYSE:CCJ) is down by 3.08 per cent on the news trading at C$119.75 as of 10:21 am ET. The stock has appreciated by 15.11 per cent year-over-year and by 439.66 per cent since 2021.
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