Cameco and Brookfield Renewable Partners have filed a confidential draft registration for a Westinghouse Electric Company IPO. The nuclear power giant submitted the proposal to the U.S. Securities and Exchange Commission. Market conditions will determine the final timing and size of the offering.
Cameco reported a second-quarter net profit of $25 million. This result marks a decrease from the same period last year.
The company raised its 2026 consolidated revenue outlook to between $3.32 billion and $3.57 billion. Management attributed the higher guidance to stronger contract pricing in a firming uranium market.