JP Morgan Maintains Neutral on Centrus Energy, Lowers Price Target to $178

CCJ's Uranium Production Down 5% in 1H26: Will 2026 Targets be Met?

Cameco Corporation reported a 5% decline in H1 2026 uranium production to 10.1 million pounds, with mixed performance across operations. McArthur River/Key Lake production rose 14% to 5.8 million pounds, but Cigar Lake output fell to 4.3 million pounds due to maintenance outages and operational challenges. Despite disruptions including flooding in Saskatchewan and equipment issues, Cameco maintained its 2026 production guidance at 19.5-21.5 million pounds. Energy Fuels made solid progress with 1.7 million pounds of finished uranium in H1, tracking toward its 2026 target of 1.5-2.5 million pounds.

Shares of uranium and nuclear-related companies are trading higher, possibly in response to Ontario Premier Ford's recent statement that Canada should cut the U.S. off from high-grade nickel and refined uranium produced in Ontario. The commodity has reached a seven-month high.

Stifel Maintains Buy on Centrus Energy, Lowers Price Target to $216

Stifel analyst Stephen Gengaro maintains Centrus Energy (NYSE:LEU) with a Buy and lowers the price target from $246 to $216.

Prediction: Oklo Won't Book Its First Commercial Power Revenue Before 2028

Oklo achieved its first nuclear criticality in August 2026 and reported initial revenue from services, but analyst Daniel Sparks predicts the company won't generate commercial power revenue until 2028 at the earliest. While the company demonstrated rapid construction capabilities with its test reactor, the first Aurora powerhouse at Idaho National Laboratory faces three remaining regulatory approval steps, fuel fabrication delays, and complex startup procedures. Oklo has sufficient cash reserves ($3 billion) to fund operations through 2028, with isotope revenue expected in early 2027 before commercial power sales begin.