Washington has agreed to arrange financing and facilitate planning for at least $80bn of nuclear reactors to be built in the United States.
Once definitive decisions have been made to complete the construction of these plants, the US Government will be entitled to 20% of any future cash payouts in excess of $17.5bn by Westinghouse. In addition, subject to certain conditions, the US Government will also earn the right to buy 20% of the company in the event of a spin off on the stock market.
The shares were up 20.4% in early trading.
Our view
HL view to follow.
Cameco key facts
All ratios are sourced from LSEG Datastream, based on previous day’s closing values. Please remember yields are variable and not a reliable indicator of future income. Keep in mind key figures shouldn’t be looked at on their own – it’s important to understand the big picture.
This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
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