The nuclear theme is on fire, with Brookfield and Cameco announcing a strategic partnership with the U.S. government to accelerate an $80B+ build out of Westinghouse reactors.

With the two companies collectively owning Westinghouse (roughly 50/50), the news represents a huge financial tailwind…

… but for America, the partnership is a matter of national security - with an aging nuclear fleet that needs to be rebuilt…

… leveraging in-country technology, considering the volatile geopolitical backdrop. That’s positive for construction names like Aecon (ARE), who partner with Westinghouse…

… and it also improves the fundamental case for uranium miners, who aren’t meeting current demand as is…

… and will need to ramp up production to keep pace with future nuclear capacity. As we’ve said before, Cameco is the cleanest way to play nuclear…

… while Brookfield is showing up all over AI infrastructure, with a $5B partnership with Bloom Energy announced two weeks ago.

You might be interested in…

About Bullpen: Bullpen Finance Inc. publishes content on Canadian markets and provides paid research coverage of select Canadian issuers. Bullpen is paid in cash by covered issuers, does not accept stock or options, does not hold positions in covered securities, and does not conduct investment banking business. Bullpen and LodeRock Advisors Inc. are affiliated; LodeRock provides investor relations services to issuers, some of whom are covered by Bullpen Research. When a post discusses a covered issuer, a specific disclosure appears at the top of the post. This post is published for general information purposes. It is not personalized investment advice and is not tailored to any individual reader’s circumstances. Bullpen is not a registered investment adviser or dealer. For full disclosures, including analyst certification, jurisdictional statements, and conflict of interest policies, please see our Legal & Disclosures section on our website.