The nuclear revival is gaining momentum. Governments worldwide are turning to nuclear energy to strengthen energy security. Meanwhile, hyperscalers need reliable, around-the-clock power to support surging electricity demand. Nuclear energy stands out for its emission-free, 24/7 baseload power, unlike intermittent renewables.
That combination is strengthening the outlook for nuclear energy and its essential fuel, benefiting uranium miners like Cameco (CCJ -3.77%) and Uranium Energy (UEC -5.32%). With spot prices near $90 per pound and approaching historic highs, investors are asking a crucial question: Where does uranium go from here? Here's what I predict will happen to uranium next.
Image source: Getty Images.
New nuclear reactors are coming online at a rapid rate In the mid-2000s, nuclear energy was enjoying a resurgence. However, economic shifts, project delays, and the 2011 Fukushima disaster derailed this momentum and delivered a final blow to the industry for a decade.
However, things have shifted recently. At COP28 in 2023, over 20 nations, including the U.S., U.K., Japan, Canada, South Korea, and France, pledged to triple global nuclear energy capacity by 2050. The driving force behind this pledge was net-zero carbon-emission goals, which would be nearly impossible without nuclear energy.
CCJ Cameco$78.93-$3.09 (-3.77%)
NYSE · As of 4:00 PM ET 10/22/26
China is leading the charge, with 38 commercial reactors under construction. The country aims to approve 10 to 15 gigawatts (GW) of new capacity annually and hopes to surpass the U.S. in nuclear generation by the end of the decade. In Japan, reactor restarts are working through regulatory approval. Meanwhile, in the U.S., power purchase agreements are bringing decommissioned plants, such as Three Mile Island Unit 1 and Palisades, back online.
In addition, President Donald Trump's administration wants to quadruple nuclear energy capacity by 2050. As part of this, policymakers want to have 10 new large-scale commercial nuclear reactors under construction by 2030. The Department of Energy is also fast-tracking testing of advanced nuclear reactors through its Reactor Pilot Program.
Uranium faces structural shortages as demand surges Nuclear fuel procurement differs from oil and gas. Nuclear fuel accounts for no more than 10% of a plant's operating expense, so utility fuel buyers are price-insensitive and lock in long-term supplies. After Fukushima, utilities could secure cheap secondary supplies and rely on the spot market for uranium. However, buyers are now looking to secure fuel commitments for the next decade.
Uranium markets are reaching an inflection point. Inventories have dwindled, so buyers must rely on the primary mine supply. The market is facing bottlenecks. For example, in Kazakhstan, which accounts for 40% of global output, in situ recovery (ISR) mining operations have been hampered by shortages of sulfuric acid.
On top of that, energy demand is booming. Rising artificial intelligence (AI) workloads and growing data center infrastructure are driving incredibly strong demand for power. Total data center power consumption is projected to double by 2030, while total U.S. electricity demand is estimated to expand 25% by 2030.
Technology companies are making deals left and right to secure energy. Constellation Energy (CEG -5.74%), which owns and operates the largest nuclear energy fleet in the U.S., has signed long-term power purchase agreements with Alphabet, Amazon, Microsoft, and Walmart.
CEG Constellation Energy$255.21-$15.53 (-5.74%)
NASDAQ · As of 4:00 PM ET 10/22/26
As part of this, Constellation, Vistra, and other power providers are using power uprates to extend the life of their nuclear plants and bring decommissioned plants back online.
What's next for uranium prices Uranium prices are around $90 per pound, but supplies are likely to remain tight over the next decade. Utilities face a widening uncommitted supply gap, with cumulative uncommitted uranium requirements estimated to exceed 800 million pounds of triuranium octoxide, also called yellowcake, through 2035.
Spot uranium prices will likely remain elevated around $100 per pound for the next few years, as demand surges amid the deficit, with some experts arguing this is necessary to justify the investments needed to finance the next generation of underground and open-pit mines. Bank of America projects uranium could jump to $130 per pound by next year, a nearly 44% increase over today's spot price.
Global energy demand is growing, and nuclear energy is poised to play a crucial role in filling those gaps, benefiting uranium miners. Cameco uses long-term contracts and has agreements to deliver 28 million pounds of yellowcake annually over the next five years. Meanwhile, Uranium Energy is completely unhedged, giving investors exposure to rising spot prices but also adding volatility if spot prices decline meaningfully.
, /PRNewswire/ -- Uranium Energy Corp (NYSE American: UEC) (the "Company" or "UEC"), is pleased to announce the appointment of the Honorable Tom D'Agostino, Admiral James F. Caldwell (USN, Ret.), Admiral William K. Lescher (USN, Ret.) and the Honorable Neile Miller to UEC's National Security Advisory Council (the "Council"). These appointments advance the Company's expansion into uranium conversion through its subsidiary, United States Uranium Refining & Conversion Corp. ("UR&C"), and cement UEC's position as the emerging national champion of the front end of the American nuclear fuel cycle.
Mr. D'Agostino and Admiral Caldwell will serve as Co-Chairs of the Council. The Council includes two former Admirals and two former heads of the National Nuclear Security Administration (the "NNSA"), the agency that recently issued a request for information seeking a long-term domestic supply of unobligated U.S.-origin uranium and conversion services.
Amir Adnani, President and CEO, stated:
"Defense demand for American nuclear fuel is growing quickly, with the Army's Janus Program bringing microreactors to U.S. military bases and the Navy's expanding fleet continuing to run on nuclear power. We are honored to have such esteemed national security leaders supporting the UEC team as we build an American supply chain, from mine to conversion, for critical defense missions."
The Honorable Tom D'Agostino, former Administrator of the NNSA and Co-Chair of UEC's National Security Advisory Council, stated:
"The NNSA's mission depends on a reliable, long-term supply of unobligated U.S.-origin uranium, mined and converted using American technology. UEC is uniquely positioned to deliver that supply, with the largest U.S. uranium resource base and a clear path into domestic conversion. I look forward to helping the Company serve this vital national mission."
Admiral James F. Caldwell, former Director of the Naval Nuclear Propulsion Program and Co-Chair of UEC's National Security Advisory Council, stated:
"For more than 75 years, naval nuclear power has provided the Navy's submarines and aircraft carriers with an incredible warfighting advantage, and that mission depends on secure, reliable, domestic fuel supply. As the Navy embarks on a future generation of nuclear-powered submarines, aircraft carriers, and potentially other warships, and as nuclear energy expands across the Department of War, a strong American uranium and conversion industry is essential to mission readiness. I am proud to help UEC build it."
The Honorable Spencer Abraham, former U.S. Secretary of Energy and Chairman of UEC's Board of Directors, added:
"As Secretary of Energy, I saw firsthand how America's nuclear deterrent, naval propulsion and civilian nuclear power all depend on secure domestic fuel supply. Today, domestic conversion is the essential link between American uranium and the billions of dollars being invested in new U.S. enrichment capacity. The leaders on this Council ran the very programs that rely on that supply, and their guidance will be invaluable as the nation expands it."
The Honorable Tom D'Agostino served more than 36 years in government. As Under Secretary of Energy for Nuclear Security and Administrator of the NNSA from 2007 to 2013, under Presidents George W. Bush and Barack Obama, he was responsible for the safety, security and effectiveness of the U.S. nuclear weapons stockpile, and he remains the longest-serving Administrator in the agency's history. Earlier, as Deputy Administrator for Defense Programs, he directed the Stockpile Stewardship Program across the national laboratories and production plants. As a former naval submarine officer, he also supported the SEAWOLF submarine propulsion program and was instrumental in initiating the Department of Energy's ("DOE") strategy for tritium production. He later led Fluor Corporation's government business as Business Group President, Mission Solutions.
Admiral James F. Caldwell retired from the U.S. Navy in 2024 after a distinguished 43-year career. As Director of the Naval Nuclear Propulsion Program from 2015 to 2024, he oversaw the safe, reliable operation of the Navy's nuclear-powered submarine and aircraft carrier fleet, which under his leadership achieved more than 15 million miles steamed on nuclear power and more than 800 reactor-years of safe operations. He also played a significant role in establishing the framework for Australia's acquisition of conventionally armed, nuclear-powered submarines under the AUKUS partnership. Earlier, he served as Naval Inspector General and commanded the U.S. Pacific Fleet Submarine Force. He currently serves on the boards of directors of Fluor Corporation and Entergy Corporation.
Admiral William K. Lescher had a distinguished 42-year career with the U.S. Navy, most recently as Vice Chief of Naval Operations, the second-highest-ranking officer in the Navy, from 2020 until his retirement in 2022, and previously as Deputy Chief of Naval Operations for Integration of Capabilities and Resources. He also served as the Joint Staff Deputy Director for Resources and Acquisition and Deputy Assistant Secretary of the Navy for Budget. He currently serves as a Board Director, Executive Advisor and Executive Coach at Boston Consulting Group.
The Honorable Neile Miller is a former Acting Administrator and Principal Deputy Administrator of the NNSA and former Acting Under Secretary of Energy for Nuclear Security under President Barack Obama. She also served as DOE's Budget Director and was a member of the Credit Review Board and the Risk and Credit Committees of DOE's Loan Programs Office. Previously, she served two tours at the White House Office of Management and Budget, focusing on nuclear security and nuclear energy programs.
About Uranium Energy Corp
Uranium Energy Corp is America's largest and fastest growing uranium company. The Company controls the largest uranium resource base and the most licensed production capacity in the United States, totaling approximately 12 million pounds per year across its Wyoming and South Texas platforms. In Canada, the Company controls one of the most extensive land and resource portfolios in the Athabasca Basin, Saskatchewan, anchored by the Roughrider Project. Through its wholly owned subsidiary, United States Uranium Refining & Conversion Corp., UEC is pursuing domestic refining and conversion capabilities to further strengthen the U.S. nuclear fuel supply chain. UEC maintains a 100% unhedged uranium strategy, providing full exposure to uranium market fundamentals. The Company is managed by professionals with decades of experience across uranium exploration, development, production and fuel cycle infrastructure.
Cautionary Statement Regarding Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and applicable Canadian securities laws. Where a forward-looking statement expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. Forward-looking statements often address our expected future business and financial performance and financial condition, and often contain words such as "anticipate," "intend," "plan," "will," "would," "estimate," "expect," "believe," "pending" or "potential." Forward-looking statements in this news release may include, without limitation, statements regarding: the Company's expectations regarding the impacts of governmental initiatives, the Company's expectations, plans and goals respecting UR&C and the Company's expectations regarding participation in government procurement and similar processes. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors, which could cause actual results to differ materially. These risks and uncertainties may include, among others: proposed exploration and development activities may not produce anticipated results; variations in the underlying assumptions associated with the estimation or realization of mineral resources; the availability of necessary capital; the Company and UR&C may not be successful in government procurement and similar processes; accidents, labor disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes or claims limitations; any deterioration in political support for nuclear energy or uranium mining; changes in government regulations and policies; changes in demand for nuclear power; any failure to obtain necessary permits and approvals from government authorities; weather and other natural phenomena; and the other risk factors set forth in the Company's most recent annual report on Form 10-K and its other filings with the Securities and Exchange Commission, available under its profile at www.sec.gov. Many of these factors are beyond the Company's ability to control or predict. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release. Any forward-looking statement speaks only as of the date on which it is made and the Company does not undertake any obligation to release publicly revisions to any forward-looking statement, to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued forward-looking statement constitutes a reaffirmation of that statement.
Uranium Energy Corp. (NYSEAMERICAN:UEC – Get Free Report)’s share price hit a new 52-week low during trading on Monday. The stock traded as low as $8.83 and last traded at $8.9750, with a volume of 709,692 shares changing hands. The stock had previously closed at $9.19.
Analyst Ratings Changes
A number of analysts recently commented on UEC shares. Jefferies Financial Group started coverage on shares of Uranium Energy in a research note on Thursday, September 3rd. They issued a “hold” rating and a $11.50 target price for the company. Zacks Research downgraded shares of Uranium Energy from a “hold” rating to a “strong sell” rating in a report on Monday, October 5th. Royal Bank Of Canada initiated coverage on shares of Uranium Energy in a report on Friday, October 2nd. They set a “sector perform” rating and a $10.00 price target on the stock. National Bank Financial dropped their price target on shares of Uranium Energy from $16.00 to $15.00 and set an “outperform” rating on the stock in a research report on Monday, October 5th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $26.75 price objective on shares of Uranium Energy in a report on Wednesday, September 30th. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Uranium Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.75.
Read Our Latest Analysis on UEC
Uranium Energy Stock Down 3.0%
The company has a 50-day moving average of $10.82 and a 200 day moving average of $11.89. The stock has a market capitalization of $4.42 billion, a PE ratio of -31.87 and a beta of 1.38.
Uranium Energy (NYSEAMERICAN:UEC – Get Free Report) last announced its quarterly earnings data on Tuesday, September 29th. The basic materials company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.08). The business had revenue of $17.05 million during the quarter, compared to the consensus estimate of $9.00 million. As a group, equities analysts predict that Uranium Energy Corp. will post -0.08 EPS for the current fiscal year.
Hedge Funds Weigh In On Uranium Energy
Several hedge funds and other institutional investors have recently modified their holdings of UEC. GAMMA Investing LLC boosted its position in shares of Uranium Energy by 26.6% during the 3rd quarter. GAMMA Investing LLC now owns 11,360 shares of the basic materials company’s stock valued at $107,000 after acquiring an additional 2,386 shares during the last quarter. Segra Capital Management LLC purchased a new stake in shares of Uranium Energy in the third quarter valued at about $5,198,000. Sequoia Financial Advisors LLC increased its position in Uranium Energy by 6.0% during the second quarter. Sequoia Financial Advisors LLC now owns 18,673 shares of the basic materials company’s stock worth $199,000 after purchasing an additional 1,050 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in Uranium Energy by 28.2% during the second quarter. Integrated Wealth Concepts LLC now owns 66,655 shares of the basic materials company’s stock worth $711,000 after purchasing an additional 14,679 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in Uranium Energy by 49.9% during the second quarter. NewEdge Advisors LLC now owns 30,133 shares of the basic materials company’s stock worth $321,000 after purchasing an additional 10,037 shares during the last quarter. 62.28% of the stock is owned by hedge funds and other institutional investors.
About Uranium Energy
(Get Free Report)
Uranium Energy Corp. is a uranium mining and exploration company headquartered in Corpus Christi, Texas. The company focuses on the acquisition, development and operation of uranium projects, with an emphasis on in-situ recovery (ISR), a mining method that extracts uranium from underground deposits without conventional open-pit or underground mining. Its operations and development portfolio are primarily located in the United States, including projects in Texas and Wyoming.
UEC’s U.S. assets include ISR projects, processing facilities and associated resource properties.
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The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?
Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Uranium Energy (UEC - Free Report) .
Uranium Energy currently has an average brokerage recommendation (ABR) of 1.60, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 10 brokerage firms. An ABR of 1.60 approximates between Strong Buy and Buy.
Of the 10 recommendations that derive the current ABR, seven are Strong Buy, representing 70% of all recommendations.
Brokerage Recommendation Trends for UEC
Check price target & stock forecast for Uranium Energy here>>>
While the ABR calls for buying Uranium Energy, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.
Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.
This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.
With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near-term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.
ABR Should Not Be Confused With Zacks RankIn spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.
In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
Is UEC a Good Investment?In terms of earnings estimate revisions for Uranium Energy, the Zacks Consensus Estimate for the current year has declined 516.7% over the past month to -$0.08.
Analysts' growing pessimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates lower, could be a legitimate reason for the stock to plunge in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for Uranium Energy. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, it could be wise to take the Buy-equivalent ABR for Uranium Energy with a grain of salt.
Uranium Energy Corp. (NYSEAMERICAN:UEC – Get Free Report)’s share price gapped up before the market opened on Tuesday. The stock had previously closed at $9.21, but opened at $9.91. Uranium Energy shares last traded at $9.2430, with a volume of 2,210,294 shares traded.
Key Stories Impacting Uranium Energy Here are the key news stories impacting Uranium Energy this week:
Positive Sentiment: UEC reported a 157% quarter-over-quarter production increase to 82,744 pounds, while total cost per pound declined 33% to $36.54. Christensen Ranch production doubled, and the company is ramping Burke Hollow and advancing the Ludeman project. Uranium Energy Corp Reports Fiscal 2026 Results Positive Sentiment: The company achieved a peer-leading realized uranium price of $93.13 per pound through its unhedged sales strategy and ended fiscal 2026 with approximately $753 million in liquid assets and no debt. This gives UEC financial flexibility to expand U.S. production. UEC Q4 Earnings Call Highlights Positive Sentiment: Management highlighted growing U.S. government demand, including potential National Nuclear Security Administration demand of about 4 million pounds annually beginning in 2030. HC Wainwright reaffirmed its Buy rating and set a $26.75 price target. Uranium Energy Outlines NNSA Demand Neutral Sentiment: UEC benefited from broader strength across uranium and nuclear stocks, including gains in the Global X Uranium ETF, suggesting part of the move reflects sector momentum rather than company-specific developments. Nuclear Stocks Advance Negative Sentiment: The fiscal fourth-quarter loss of $0.12 per share was substantially worse than the roughly $0.04 analyst estimate, despite $17.05 million in revenue exceeding expectations. The earnings miss caused the stock’s initial post-results advance to reverse. UEC Fiscal Fourth-Quarter Earnings Negative Sentiment: One analyst argues that UEC’s valuation already discounts much of the operational improvement, leaving the stock vulnerable if uranium prices weaken or production ramps take longer than expected. Uranium Energy Valuation Analysis Analyst Ratings Changes Several analysts recently weighed in on UEC shares. Jefferies Financial Group assumed coverage on shares of Uranium Energy in a report on Thursday, September 3rd. They issued a “hold” rating and a $11.50 target price on the stock. HC Wainwright reiterated a “buy” rating and set a $26.75 price target on shares of Uranium Energy in a report on Wednesday. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $16.00 price objective on shares of Uranium Energy in a research report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $17.04.
Get Our Latest Report on UEC Uranium Energy Stock Performance The company has a 50-day moving average price of $10.84 and a 200-day moving average price of $12.08. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of -33.75 and a beta of 1.23.
Uranium Energy (NYSEAMERICAN:UEC – Get Free Report) last issued its earnings results on Tuesday, September 29th. The basic materials company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.08). The firm had revenue of $17.05 million during the quarter, compared to analyst estimates of $9.00 million. On average, research analysts expect that Uranium Energy Corp. will post 0.02 earnings per share for the current fiscal year.
Institutional Trading of Uranium Energy Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in shares of Uranium Energy in the 2nd quarter valued at $432,676,000. Van ECK Associates Corp lifted its position in Uranium Energy by 21.8% in the second quarter. Van ECK Associates Corp now owns 29,034,465 shares of the basic materials company’s stock valued at $309,507,000 after acquiring an additional 5,191,738 shares during the last quarter. Alps Advisors Inc. lifted its position in Uranium Energy by 16.3% in the fourth quarter. Alps Advisors Inc. now owns 17,462,284 shares of the basic materials company’s stock valued at $203,959,000 after acquiring an additional 2,453,744 shares during the last quarter. Geode Capital Management LLC boosted its stake in Uranium Energy by 13.4% in the fourth quarter. Geode Capital Management LLC now owns 11,449,334 shares of the basic materials company’s stock valued at $133,751,000 after acquiring an additional 1,355,701 shares in the last quarter. Finally, Norges Bank acquired a new position in Uranium Energy in the fourth quarter valued at $118,019,000. Institutional investors and hedge funds own 62.28% of the company’s stock.
About Uranium Energy (Get Free Report)
Uranium Energy Corp. is a uranium mining and exploration company headquartered in Corpus Christi, Texas. The company focuses on the acquisition, development and operation of uranium projects, with an emphasis on in-situ recovery (ISR), a mining method that extracts uranium from underground deposits without conventional open-pit or underground mining. Its operations and development portfolio are primarily located in the United States, including projects in Texas and Wyoming.
UEC’s U.S. assets include ISR projects, processing facilities and associated resource properties.
Further Reading Five stocks we like better than Uranium Energy Deutsche Bank Makes a Contrarian Call on Netflix—What Does It Mean for Investors? O’Reilly Automotive’s Stock Slump Hides a Stronger Business McDonald’s Stock Slump Makes Its AI Pricing Bet Even Riskier Broadcom’s AI Growth Story Faces a $161 Billion Anthropic Test Receive News & Ratings for Uranium Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Uranium Energy and related companies with MarketBeat.com's FREE daily email newsletter.
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Key Takeaways UEC's Q4 production rose 157% sequentially to 82,744 pounds as its U.S. uranium platform expanded.UEC is adding Christensen Ranch capacity while using Burke Hollow first production area to guide its ramp-up.UEC remains unhedged while advancing Ludeman development and its planned U.S. uranium conversion project. Uranium Energy Corp. (UEC - Free Report) used its fiscal fourth-quarter earnings call to emphasize the next phase of its U.S. production ramp, with added capacity at Christensen Ranch, the Burke Hollow ramp-up and continued development of Ludeman.
The operating progress came as revenues exceeded the Zacks Consensus Estimate, although the quarterly loss was wider than expected. Management remained focused on scaling production while preserving uranium-price exposure and advancing its U.S. refining and conversion strategy.
UEC Scales Its U.S. Production PlatformPresident, CEO and director Amir Adnani said fiscal 2026 established UEC as a multi-mine producer, expanding from one producing mine in one state to two mines across Wyoming and Texas.
Fourth-quarter combined production reached 82,744 pounds of precipitated uranium and dried and drummed U3O8, up 157% sequentially. Total cash cost was $30.01 per pound, while total cost was $36.54 per pound.
For fiscal 2026, combined production totaled 229,294 pounds. Adnani said fiscal 2027 will focus on scaling the operating platform built during the past year.
Uranium Energy Tops Revenue ExpectationsUEC reported a fiscal fourth-quarter loss of 7 cents per share compared with the Zacks Consensus Estimate for a loss of 4 cents.
Quarterly revenues totaled $17.05 million, substantially above the Zacks Consensus Estimate of $9 million.
Management focused more heavily on full-year uranium sales during the call. UEC sold 400,000 pounds in fiscal 2026 at a weighted average realized price of $93.13 per pound, generating revenues of $37.3 million and gross profit of $16.9 million.
UEC Adds Capacity at Christensen RanchChristensen Ranch produced 65,392 pounds during the quarter as three new header houses operated for a full period. Total cost fell 35% sequentially to $35.63 per pound.
Adnani said four additional header houses received final regulatory approval on Sept. 28, with production expected to start in the coming weeks. Three more header houses are under construction.
Senior vice president of U.S. Operations Brent Berg told an SCP Resource Finance analyst that construction is also progressing at Ludeman, supporting UEC's effort to maintain its development tempo beyond Christensen Ranch.
Uranium Energy Takes a Measured Texas RampBurke Hollow produced 17,352 pounds during its first full quarter at a total cash cost of $36.13 per pound and total cost of $39.93.
Berg said UEC is using a small section of the first production area to establish operating parameters, including lixiviant chemistry, pump sizing and well-pattern configurations. Those findings will guide expansion across the broader wellfield.
Adnani emphasized that Burke Hollow is a greenfield project, unlike the restarted Christensen Ranch operation, making this initial optimization work an important part of the ramp-up process.
UEC Holds Back on Fiscal 2027 GuidanceA Canaccord Genuity analyst asked management for fiscal 2027 production expectations as additional capacity comes online.
Adnani declined to issue formal production guidance because regulatory approval timing remains outside the company's control. He said approval timelines are improving as regulators work through increased uranium permitting activity.
Management also did not provide a specific startup date for Ludeman. Adnani said UEC could offer greater timeline clarity when it reports fiscal first-quarter results.
Uranium Energy Preserves Pricing ExposureAdnani said UEC's unhedged strategy remains intact. The company ended fiscal 2026 with 1.26 million pounds of uranium inventory valued at $109 million at then-current market prices.
UEC also reported $753 million in liquid assets, including $495 million in cash, with no debt. Management said this financial position allows the company flexibility over when it sells uranium.
Executive vice president Scott Melbye said utility discussions and long-term solicitations have increased. He indicated UEC could pursue contracts that provide longer-term certainty while retaining exposure to uranium-price upside.
UEC Advances Its Conversion AmbitionsManagement also highlighted United States Uranium Refining & Conversion Corp., its planned expansion beyond uranium mining into conversion.
Berg said a Class IV cost estimate being developed with Fluor is expected by mid-2027 and will establish project cost and timing ahead of a final investment decision.
UEC is preparing a Nuclear Regulatory Commission license application, progressing site selection and working with a dedicated 63-person project team.
Uranium Energy Keeps Its Focus on ExecutionAdnani told a ROTH Capital Partners analyst that UEC is focused on scaling its existing uranium portfolio rather than pursuing incremental acquisitions.
That emphasizes production growth at Christensen Ranch and Burke Hollow, Ludeman development, Sweetwater permitting and continued progress on the conversion project.
Zacks Rank and Style Scores Signal Mixed ProspectsUEC currently carries a Zacks Rank #3 (Hold). The stock has a Value Score of F, Growth Score of F, Momentum Score of C and VGM Score of F. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
The Zacks framework assigns higher Style Score grades to stocks with stronger respective value, growth and momentum characteristics. UEC's current scores therefore show weaker Value, Growth and composite VGM characteristics, alongside a midrange Momentum reading. Style Score Education
The Zacks Rank #3 represents a neutral rank within the five-tier system. Investors should also note that the Zacks Rank can change as earnings estimates are revised following the just-reported results.
NuScale Power climbed Wednesday even as a fresh $750 million share-sale program keeps dilution fears alive, while Oklo and Uranium Energy rode the same nuclear wave for very different reasons.
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NuScale Power (NYSE:SMR) stock rose 4% to $8.07 on Wednesday even as investors continued to focus on dilution concerns. Oklo (NYSE:OKLO | OKLO Price Prediction) shares advanced 2% to $37.94, while Uranium Energy (NYSE MKT:UEC) stock gained 4% to $9.65. The nuclear and uranium group found support amid broader market strength.
The Global X Uranium ETF (NYSE ARCA:URA) climbed 0.68% to $40.31. The SPDR S&P 500 ETF Trust (NYSE ARCA:SPY) rose 0.51% to $768.09. NuScale Power remains a pre-commercial developer with a large cash balance and several potential customer pathways, yet share-count growth and a new at-the-market program remain central topics.
NuScale Power Faces Ongoing Dilution Scrutiny NuScale Power’s diluted weighted average share count rose about 173% year over year, climbing from roughly 133 million in the second quarter of 2025 to about 365 million in the second quarter of 2026. The company sold nearly 90 million Class A shares earlier this year through an at-the-market program that generated nearly $985 million in net proceeds. A new at-the-market authorization of up to $750 million has added to investor concerns about further share issuance.
NuScale Power finished the second quarter with approximately $1.9 billion in cash and investments. Operating cash use improved from the prior quarter, which included a large milestone payment. Management has described the liquidity cushion as providing optionality while the company advances commercial efforts.
Oklo and Uranium Energy Also Advance Oklo stock posted a more modest gain on the day. Oklo is developing advanced small modular reactors aimed at providing clean, reliable power for data centers and other high-demand users. The company has also relied on equity raises to fund its pre-commercial development path.
Uranium Energy stock moved higher alongside the broader uranium group. Uranium Energy focuses on uranium exploration, development, and production assets in North America. Both Oklo and Uranium Energy operate in markets tied to long-term nuclear fuel and power demand, though their business models differ from NuScale Power’s reactor-design focus.
Nuclear Theme Sees Broader Participation The Global X Uranium ETF’s advance indicated measured interest across the uranium supply chain. Nuclear developers and uranium producers continue to attract attention as electricity demand from data centers and industrial users grows. NuScale Power’s 77-megawatt module has received U.S. Nuclear Regulatory Commission approval, and the company is pursuing opportunities with partners such as the Tennessee Valley Authority and the RoPower project in Romania.
Similarities across NuScale Power, Oklo, and Uranium Energy include exposure to the nuclear energy theme and reliance on capital markets to fund growth. Differences appear in technology readiness, revenue generation, and the degree of near-term commercial visibility. NuScale Power’s large cash position offers runway, yet conversion of potential contracts remains a key variable.
Outlook and Investor Considerations NuScale Power’s liquidity provides time to pursue commercial contracts, but additional equity sales under the new at-the-market program could further increase the share count. Progress with the Tennessee Valley Authority or RoPower could serve as meaningful catalysts if definitive agreements materialize. Oklo and Uranium Energy face their own execution and funding dynamics within the broader nuclear complex.
Investors should consider keeping position sizes modest given the high volatility typical of pre-commercial nuclear and uranium stocks. Dilution risk, project timing, and the pace of commercial adoption will likely remain central to how these shares perform in the months ahead.
Contact [email protected] for any questions or corrections.
3 Under-$20 Stocks Tied to the Future of U.S. Energy and MaterialsUranium Energy NYSEAMERICAN: UEC reported a fiscal 2026 production ramp that expanded the company from one operating mine in one state to two mines across Wyoming and Texas, while management outlined further development plans and a strategy to add uranium conversion capacity.
Founder and Chief Executive Officer Amir Adnani said the company produced nearly 83,000 pounds of precipitated uranium and dried and drummed U3O8 in the fiscal fourth quarter, a 157% increase from the prior quarter. Fourth-quarter cash costs were about $30 per pound and total costs were about $36.50 per pound, according to the company.
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AI’s Power Problem Is Turning Nuclear Stocks Into a Bigger Market StoryFor the full fiscal year, UEC produced more than 229,000 pounds at a cash cost of about $34 per pound and a total cost of $39.94 per pound. Since commissioning its current operations, the company has produced approximately 359,000 pounds, Adnani said.
Production Increases at Wyoming and Texas Mines At the Christensen Ranch mine in Wyoming, production more than doubled during the fourth quarter to over 65,000 pounds as three new header houses in Wellfield 11 operated for the full period. Cash costs at the site fell to approximately $28 per pound, while total costs declined to about $36 per pound.
Uranium Energy Corp Melts Down—Nuclear Opportunity at HandBurke Hollow in South Texas, which began operations during the year, produced more than 17,000 pounds in its first full quarter. The mine recorded a cash cost of about $36 per pound and total cost just below $40 per pound. Management said initial production has been limited to a small portion of the first production area as the company establishes operating parameters involving lixiviant chemistry, pump sizing, and well-field configurations.
Adnani said four additional Christensen Ranch header houses received final regulatory approval shortly before the call and are expected to begin production in coming weeks. Three more header houses are under construction, according to Senior Vice President of U.S. Operations Brent Berg.
The company did not issue formal fiscal 2027 production guidance, citing the timing of regulatory approvals. Adnani said UEC is working with regulators in Wyoming and Texas and expects approval timelines to become more predictable as additional projects advance.
Christensen Ranch produced more than 65,000 pounds in the fourth quarter. Burke Hollow produced more than 17,000 pounds in its first full quarter. UEC ended fiscal 2026 with more than 250 employees and 40 drill rigs, according to management. Sales, Inventory and Balance Sheet UEC sold 400,000 pounds of uranium during fiscal 2026 at a weighted-average realized price of $93.13 per pound, generating revenue of $37.3 million and gross profit of $16.9 million. Adnani said the company believes the realized price was the highest among publicly traded uranium producers.
The company said it maintained an unhedged sales strategy, which it views as preserving exposure to uranium price gains rather than committing production under contracts priced at earlier market levels. UEC ended the fiscal year with 1.26 million pounds of uranium inventory, valued by the company at about $109 million at current market prices, in addition to material held at its Irigaray and Hobson processing plants.
Adnani said UEC had $753 million in liquid assets, including $495 million in cash, and no debt. He said that financial position allows the company to retain inventory rather than become a forced seller.
During the question-and-answer session, Executive Vice President Scott Melbye said the company has seen increased utility interest, including off-market discussions and requests for proposals for long-term uranium supply. He said utilities have not seen the “breadth and depth” of offers they may seek in the long-term market.
Melbye said UEC could pursue long-term utility agreements that provide contract certainty without price ceilings or other terms that would limit the company’s exposure to market upside, though he did not announce any agreements.
Government Demand and Conversion Project Management emphasized anticipated U.S. demand for domestically sourced uranium and conversion services. Adnani cited a National Nuclear Security Administration request for information seeking domestic capabilities to provide 4 million pounds of U3O8 annually and 1,500 metric tons of uranium as UF6 annually, with deliveries potentially beginning in 2030.
The company also discussed the expiration of waivers under the U.S. ban on Russian uranium imports at the end of 2027, as well as the U.S. Army’s selection of five developers for nuclear microreactors at military facilities. Management said these developments could increase demand for unobligated uranium of U.S. origin.
UEC said it can address the U3O8 component through its Wyoming and Texas mining operations. Its U.S. Uranium Refining and Conversion Corp. subsidiary is intended to extend the company into UF6 conversion, though the conversion operation is not yet operating.
Adnani said the conversion subsidiary has finalized a regulatory engagement strategy with engineering partner Fluor and begun preparing its Nuclear Regulatory Commission license application. The company expects a Class 4 cost estimate by mid-2027. Berg said that estimate is expected to outline projected costs and timing, and that a final investment decision is not expected before its completion.
Development Pipeline UEC is also advancing its Ludeman project in Wyoming, which is expected to feed the Irigaray processing plant. The company said wells for the first well field are being installed and tested, engineering is progressing for a satellite ion-exchange plant, long-lead equipment has been ordered, and a construction contractor has been selected.
At the Hobson plant in Texas, the company said all steps from resin elution through precipitation, drying and packaging have been commissioned. The first shipment of uranium-loaded resin from Burke Hollow arrived at Hobson in mid-May.
Elsewhere, UEC is advancing the Sweetwater hub in Wyoming and the Roughrider project in Saskatchewan. The company said the federal permitting dashboard for Sweetwater targets completion of an environmental assessment in March 2027 and a plan-of-operations approval in May 2027. At Roughrider, UEC completed a 36,000-meter drill program supporting a planned pre-feasibility study and signed a definition study agreement for a high-voltage transmission line.
About Uranium Energy (NYSEAMERICAN:UEC)Uranium Energy Corp. (NYSE American: UEC) is a uranium mining and nuclear fuel company focused on the exploration, development and production of uranium in the United States and Canada. Its activities support the supply of uranium used to generate nuclear power.
The company's U.S. portfolio includes in-situ recovery uranium projects and processing infrastructure in South Texas and Wyoming. Its South Texas operations include the Hobson Processing Facility and nearby well-field projects, while its Wyoming assets include the Irigaray Central Processing Plant and the Christensen Ranch project.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Uranium Energy (UEC - Free Report) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to a loss of $0.07 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -75.00%. A quarter ago, it was expected that this uranium mining and exploration company would post a loss of $0.05 per share when it actually produced a loss of $0.07, delivering a surprise of -40%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Uranium Energy, which belongs to the Zacks Mining - Miscellaneous industry, posted revenues of $17.05 million for the quarter ended July 2026, surpassing the Zacks Consensus Estimate by 89.44%. This compares to zero revenues a year ago.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Uranium Energy shares have lost about 21.2% since the beginning of the year versus the S&P 500's gain of 12.2%.
What's Next for Uranium Energy?While Uranium Energy has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Uranium Energy was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.04 on $10 million in revenues for the coming quarter and $0.02 on $47.5 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Mining - Miscellaneous is currently in the bottom 24% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Teck Resources Ltd (TECK - Free Report) , has yet to report results for the quarter ended September 2026. The results are expected to be released on October 29.
This company is expected to post quarterly earnings of $0.87 per share in its upcoming report, which represents a year-over-year change of +58.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Teck Resources Ltd's revenues are expected to be $2.78 billion, up 12.9% from the year-ago quarter.
Transformational Year Establishing UEC as a Multi-Mine U.S. Uranium Producer
Fourth Quarter Production Up More Than 150% with Significantly Improved Economies of Scale
Unhedged Sales Strategy Delivered Peer Leading Realized Price of $93.13 per Pound
$753 Million in Liquid Assets(1) and No Debt
Advancing the Largest Uranium Resource Base in the U.S.
Building America's Only Vertically Integrated Uranium Company, from Mining and Processing to Planned Refining and Conversion
Corporate Highlights
Fourth Quarter Production Up 157%, Total Cost per Pound(2) Down 33%: Combined production from Christensen Ranch and Burke Hollow in the fourth quarter totaled 82,744 pounds of precipitated uranium and dried and drummed U3O8, up from 32,195 pounds in the third quarter, at a Total Cash Cost per Pound(2) of $30.01 and a Total Cost per Pound of $36.54. Production Doubled at Christensen Ranch, Total Cost per Pound Down 35%: Fourth quarter production at Christensen Ranch doubled to 65,392 pounds of precipitated uranium and dried and drummed U3O8 at a Total Cash Cost per Pound of $28.38 and a Total Cost per Pound of $35.63, down from $46.69 and $54.61, respectively, in the third quarter. Commenced Production at Burke Hollow, Ramp-Up Underway: In its first full quarter of operation, Burke Hollow produced 17,352 pounds of precipitated uranium and dried and drummed U3O8 at a Total Cash Cost per Pound of $36.13 and a Total Cost per Pound of $39.93. As planned, this initial phase was limited to a small section of the first production area to establish key operating parameters ahead of expansion across the full wellfield. First Full Year of Production at a Total Cash Cost of $34.24 and Total Cost of $39.94 per Pound: Fiscal 2026 production totaled 229,294 pounds of precipitated uranium and dried and drummed U3O8, with 359,260 pounds produced since commissioning through the end of the fiscal year. Growing U.S. Government Demand for Unobligated U.S.-Origin Uranium: In response to a Request for Information ("RFI") from the National Nuclear Security Administration ("NNSA"), which outlined a need for 4 million pounds per year of unobligated U.S.-origin uranium with deliveries as soon as 2030, UEC affirmed its capability to fully support that requirement. Adding to that demand, the U.S. Army plans to deploy more than 20 microreactors requiring unobligated U.S.-origin uranium. United States Uranium Refining & Conversion Corp ("UR&C") Advances Toward a Class IV Cost Estimate: Working with its engineering partner Fluor Enterprises, Inc. ("Fluor"), UR&C completed core execution plans, built a combined dedicated 63-member project team, began preparing its U.S. Nuclear Regulatory Commission license application and progressed site selection. The Class IV cost estimate is expected to be completed by mid-2027. Wellfield Construction Underway at Ludeman, UEC's Next In-Situ Recovery ("ISR") Mine: Installation of the monitoring, injection and recovery wells in the initial wellfield is underway. Engineering for the satellite ion-exchange plant has progressed with the procurement of long lead-time equipment. Advancing Wellfield Development at Sweetwater, UEC's Third Hub-and-Spoke: Drilling in Sweetwater North identified mineralization trends that support further delineation and advance the first two production areas. Roughrider Drilling Completed: 36,000 meters of core drilling was completed during the quarter to support resource conversion and the planned pre-feasibility study ("PFS") for the world class Roughrider Project located in the Athabasca Basin of Saskatchewan, Canada. Fiscal 2026 Financial Highlights
Peer Leading Realized Sales Price: Sold 400,000 pounds from inventory at a weighted average realized price of $93.13 per pound, which the Company believes to be the highest among publicly traded uranium producers, generating revenue of $37.3 million and gross profit of $16.9 million for fiscal 2026. Robust Balance Sheet: $753 million in liquid assets(1), including cash of $495 million, with no debt. Strategic Inventory Position in a Tightening Market: 1,256,000 pounds of U₃O₈ as of July 31, 2026, valued at $109 million at current market prices(1), excluding 359,260 pounds of precipitated uranium and dried and drummed U3O8 at the Irigaray Central Processing Plant ("CPP") and Hobson CPP. , /PRNewswire/ -- Uranium Energy Corp (NYSE American: UEC) (the "Company" or "UEC") today announced results and related information for its fiscal year ended July 31, 2026.
Amir Adnani, President and CEO, stated:
"In fiscal 2026, UEC became a multi-mine uranium producer. Twelve months ago, we were producing from a single mine in Wyoming. Today, we are producing from two mines in two states, are well along the way in building a third at Ludeman, have grown our operating team to more than 250 people and have doubled drilling capacity. We started production at Burke Hollow, the largest greenfield in-situ recovery mine to come online in the United States in over a decade, and expanded wellfield infrastructure at Christensen Ranch. This growth is underpinned by the largest uranium resource base in the country, providing depth and a long duration runway to keep scaling.
Our unhedged sales strategy delivered a weighted average realized price of $93.13 per pound, which we believe is the highest among publicly traded uranium producers. Consistent with our strategy over many quarters, we continue to hold most of our inventory, and that approach is being rewarded as the market tightens.
Through UR&C, we are building America's only vertically integrated uranium company, from mining and processing to refining and conversion. The U.S. Government's growing demand for unobligated U.S.-origin uranium and conversion confirms why we set out to build it: those needs can only be met by U.S. mines, U.S. technology and U.S. conversion.
We enter fiscal 2027 debt-free with an exceptional balance sheet and the ability to fund our ongoing growth. With this unparalleled combination of resource depth, financial strength and talent, UEC has never been better positioned to build on and extend its leadership position in the United States."
Growing U.S. Government Demand for Unobligated U.S.-Origin Uranium and Conversion
The U.S. Department of Energy through the NNSA issued a RFI to ascertain domestic company capabilities to supply unobligated U.S.-origin uranium and conversion services in support of NNSA needs through the 2040s. The RFI outlined NNSA requirements for unobligated U.S.-origin uranium at 4 million pounds of U3O8 / 1,500 metric tonnes of uranium as UF6 per year with deliveries commencing as early as 2030.
UEC's response to the RFI affirmed that we are positioned to fully support NNSA's U3O8 requirements as our production in Texas and Wyoming ramps up. Through UEC's subsidiary, UR&C, we are positioning to provide the necessary conversion services in accordance with NNSA requirements, further demonstrating UEC's commitment to serve as America's national champion for the front end of the nuclear fuel cycle.
On August 26, 2026, the Department of the Army announced the selection of five nuclear reactor developers to be awarded up to a combined $2.2 billion to own, construct and operate nuclear microreactors on five military installations. The Army anticipated more than 20 microreactors to be deployed through the Janus Program with all requiring unobligated U.S.-origin uranium and conversion services.
The growing U.S. Government demand for unobligated U.S.-origin uranium and conversion services highlights UEC's distinct positioning as a leading domestic supplier and the only company pursuing a vertically integrated fuel cycle solution.
United States Uranium Refining & Conversion Corp (UR&C)
During fiscal 2026, UR&C advanced its planned uranium conversion facility across technology development, licensing and project execution, working with its engineering partner Fluor. UR&C's combined dedicated 63-member project team draws on Fluor's nuclear-focused Mission Solutions business subject matter experts, including specialists in process technology, nuclear and environmental engineering and project delivery. Project mobilization was completed in full compliance with U.S. Department of Energy export control regulations for nuclear technology. UR&C is advancing toward a Class IV cost estimate, which is expected to be completed by mid-2027.
Following receipt of its U.S. Nuclear Regulatory Commission Docket Number earlier this year, UR&C finalized its regulatory engagement strategy and began preparing its license application, supported by Jensen Hughes, a specialist nuclear licensing firm engaged for the project.
UR&C and Fluor expanded collaboration with leading equipment vendors, National Laboratories and specialty subcontractors to accelerate process design and laboratory work, including evaluation of process technology and thermophysical properties. UR&C is also pursuing partnerships with National Laboratories and academic institutions to enhance technical development, drawing on industry expertise and historical operating knowledge.
The goal is to position UR&C's conversion process as a U.S. technology, eligible for delivering unobligated U.S.-origin UF6 supply for the requirements of the U.S. Government. To that end, to safeguard export-controlled information, UR&C's project team has implemented a Technology Control Plan and completed comprehensive training.
Powder River Basin, Wyoming, Hub-and-Spoke ISR Operations
Hub: Irigaray CPP; Spokes: Christensen Ranch and Ludeman
In the fourth quarter, 65,392 pounds of precipitated uranium and dried and drummed U3O8 were produced at Christensen Ranch at a Total Cash Cost per Pound of $28.38 and a Total Cost per Pound of $35.63. Higher production reduced Total Cost per Pound by 35%, from $54.61 in the prior quarter.
As previously reported, three new header houses in Wellfield 11 began production late in the third fiscal quarter. Four additional header houses were constructed and tested as of the end of the fourth fiscal quarter, bringing the total to five that were awaiting regulatory approval for startup at such time. On September 28, 2026, final regulatory approvals were issued for four of these. Production is expected to commence at these newly approved header houses in the coming weeks.
Currently, three additional header houses are under construction. Header house construction has been bolstered by an increase in drilling capacity, with 17 drill rigs in operation in the Powder River Basin at fiscal year-end, up from 12 in the prior year.
At the Ludeman ISR project in the Powder River Basin, monitor, injection and recovery wells for the first wellfield are under construction and being tested for mechanical integrity.
Engineering for the satellite ion-exchange plant was significantly advanced during the fourth quarter, allowing the Company to procure long lead-time equipment. Civil engineering for the plant pad was completed, and a construction contractor was selected. The powerline location has been established, and surveys are expected to be completed in the first quarter of fiscal 2027.
Operations began at the Burke Hollow ISR mine in April and at the Hobson CPP in May. In its first full quarter of operation, Burke Hollow produced 17,352 pounds of precipitated uranium and dried and drummed U3O8 at a Total Cash Cost per Pound of $36.13 and a Total Cost per Pound of $39.93.
The first shipment of uranium-loaded resin from Burke Hollow reached Hobson in mid-May, and every processing step at the plant, from resin transfer and elution through precipitation, drying and packaging, has now been commissioned.
As planned, production activity in the quarter was limited to a small section of the first production area at Burke Hollow, consisting of 126 injection and recovery wells that were brought online to establish optimal operating parameters, such as lixiviant chemistry, pump sizing and wellfield patterns. These results will guide the next phase of operations as mining in the first production area expands.
The Company had 21 drill rigs in operation in South Texas at fiscal year-end, up from 8 in the prior year.
Sweetwater, Wyoming, Hub-and-Spoke Development
At Sweetwater, the FAST-41 and National Environmental Policy Act federal permitting process continued to advance under the leadership of the Bureau of Land Management ("BLM"). Currently, the FAST-41 Permitting Dashboard expects completion of the Environmental Assessment ("EA") in March 2027 and approval of the Plan of Operations in May 2027. Baseline studies were largely completed in the quarter, with final reports expected to be submitted to BLM in the first quarter of fiscal 2027.
Drilling in the Sweetwater North area identified mineralization trends that support continued delineation. Building on these results, additional drilling is planned for the first quarter of fiscal 2027 to further extend the mineralization identified in the initial program and to advance wellfield design for the first two production areas.
Work continues by the Company and Wood Group to assess the refurbishment requirements for the Sweetwater Mill for both conventional and ISR operations, with focus currently on the installation of ion-exchange and elution systems for ISR operations.
The Company had two drill rigs in operation in the Great Divide Basin at the end of the fiscal year.
Roughrider Project, Saskatchewan
As part of the planned PFS at the Roughrider Project, the Company completed its previously announced diamond drilling program, which has expanded to 36,000 meters, with the goal of converting resources into higher categories. This included resource targets throughout the West Zone, East Zone and Far East Zone. Working alongside Tetra Tech Canada Inc., the preparation of the PFS is progressing.
During the quarter, the geotechnical drilling for a future tailings management facility was completed. This included the collection of water samples and the installation of water level monitoring stations.
In August 2026, the Company entered into a Definition Study Agreement with Saskatchewan Power Corporation to advance engineering, EA and community engagement work specifically for the connection of a high-voltage transmission line to the Roughrider Project.
Conference Call Details
A conference call will be held at 11:00 a.m. ET (8:00 a.m. PT) on Tuesday, September 29, 2026, to discuss the Company's results, upcoming catalysts and current market conditions. To participate, please use one of the following methods:
Webinar: Click Here
North America (toll-free): 1-877-270-2148
International: 1-412-902-6510
An accompanying presentation will be available on UEC's website at www.uraniumenergy.com and a replay of the event will be available following the presentation.
For further information, please refer to the Company's Annual Report on Form 10-K for the fiscal year ended July 31, 2026, which will include the Company's audited consolidated financial statements and management's discussion and analysis, and will be available on the Company's website at www.uraniumenergy.com and under its profile at www.sec.gov.
Notes:
As of July 31, 2026. Liquid assets consist of cash and equity securities and uranium inventories based on market values and does not include in-process inventory and uranium concentrates from extraction at the Irigaray CPP and Hobson CPP. Market values for securities are based on applicable closing prices on July 31, 2026 and uranium inventories are based on the spot price quoted from UxC at ConverDyn on such date. Total Cost per Pound and Total Cash Cost per Pound are not measures of financial performance under accounting principles generally accepted in the United States ("GAAP") and should not be considered in isolation or as a substitute for analysis of our results as reported under GAAP. See "Non-GAAP Measures" below. About Uranium Energy Corp
Uranium Energy Corp is America's largest and fastest growing uranium company. The Company controls the largest uranium resource base and the most licensed production capacity in the United States, totaling approximately 12 million pounds per year across its Wyoming and South Texas platforms. In Canada, the Company controls one of the most extensive land and resource portfolios in the Athabasca Basin, anchored by the Roughrider Project in Saskatchewan. Through its wholly owned subsidiary, United States Uranium Refining & Conversion Corp, UEC is pursuing domestic refining and conversion capabilities to further strengthen the U.S. nuclear fuel supply chain. UEC maintains a 100% unhedged uranium strategy, providing full exposure to uranium market fundamentals. The Company is managed by professionals with decades of experience across uranium exploration, development, production and fuel cycle infrastructure.
This news release includes reference to "Total Cost per Pound", "Total Cash Cost per Pound", "Total Non-Cash per Pound" and "Production‑Based Royalties, Ad Valorem and Severance Tax per Pound", which do not have standardized meanings under GAAP. We define: (i) Total Cost per Pound as the addition to in-process inventory and uranium concentrates from extraction (each a component of inventories on the consolidated balance sheets) for the applicable period divided by the quantity (in pounds) of precipitated uranium and dried and drummed U3O8 produced in such period; (ii) Total Cash Cost per Pound as the addition to in-process inventory and uranium concentrates from extraction (each a component of inventories on the consolidated balance sheets), excluding depreciation, depletion and amortization, for the applicable period divided by the quantity (in pounds) of precipitated uranium and dried and drummed U3O8 produced in such period; (iii) Total Non-Cash Cost per Pound as the difference between Total Cost per Pound and Total Cash Cost per Pound; and (iv) Production‑Based Royalties, Ad Valorem and Severance Tax per Pound (a component of Total Cash Cost per Pound) as the production‑based royalties, ad valorem and severance tax accrued for the applicable period divided by the quantity (in pounds) of precipitated uranium and dried and drummed U3O8 produced in such period. Production‑Based Royalties, Ad Valorem and Severance Tax per Pound does not include royalties on sales, which will be recognized as part of cost of sales in future periods when the uranium concentrates are sold. We believe that, in addition to conventional measures prepared in accordance with GAAP, certain investors and other stakeholders also use this information to evaluate our operating and financial performance. The use of these performance measures is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. Our definition of these measures may differ from other mining companies and therefore, may not be comparable. These non-GAAP measures should be read in conjunction with our consolidated financial statements for the applicable periods.
Christensen Ranch / Irigaray CPP
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
(in thousands of dollars, except cost per pound)
Fiscal
2026
Fiscal
2026
Fiscal
2026
Fiscal
2026
Fiscal
2026
Cash Production Costs
A
$ 1,612
$ 1,509
$ 1,242
$ 1,348
$ 5,711
Add
Production-Based Royalties
101
67
49
99
316
Ad Valorem and Severance Tax
338
238
212
409
1,197
Total Production-Based Royalties and Taxes
B
439
305
261
508
1,513
Total Cash Costs
C=A+B
$ 2,051
$ 1,814
$ 1,503
$ 1,856
$ 7,224
Add
Depreciation, depletion and amortization
306
205
255
474
1,240
Total Non-Cash Costs
D
$ 306
$ 205
$ 255
$ 474
$ 1,240
Total Costs
E=C+D
$ 2,357
$ 2,019
$ 1,758
$ 2,330
$ 8,464
Precipitated Uranium and Dried and Drummed Uranium Concentrate (pounds)
F
68,612
45,743
32,195
65,392
211,942
Cash Production Costs Per Pound
G=A/F
$ 23.50
$ 32.99
$ 38.58
$ 20.61
$ 26.95
Production-Based Royalties, Ad Valorem and Severance Tax Per Pound
H=B/F
6.40
6.67
8.11
7.77
7.14
Total Cash Cost Per Pound
$ 29.90
$ 39.66
$ 46.69
$ 28.38
$ 34.09
Total Non-Cash Cost Per Pound
I=D/F
4.45
4.48
7.92
7.25
5.85
Total Cost Per Pound
J=G+H+I
$ 34.35
$ 44.14
$ 54.61
$ 35.63
$ 39.94
Burke Hollow / Hobson CPP
(in thousands of dollars, except cost per pound)
Fourth
Quarter and
Fiscal 2026
Cash Production Costs
A
$ 627
Add
Production-Based Royalties
-
Ad Valorem and Severance Tax
-
Total Production-Based Royalties and Taxes
B
-
Total Cash Costs
C=A+B
$ 627
Add
Depreciation, depletion and amortization
66
Total Non-Cash Costs
D
$ 66
Total Costs
E=C+D
$ 693
Precipitated Uranium and Dried and Drummed Uranium Concentrate (pounds)
F
17,352
Cash Production Costs Per Pound
G=A/F
$ 36.13
Production-Based Royalties, Ad Valorem and Severance Tax Per Pound
H=B/F
-
Total Cash Cost Per Pound
$ 36.13
Total Non-Cash Cost Per Pound
I=D/F
3.80
Total Cost Per Pound
J=G+H+I
$ 39.93
Combined Total Production
(in thousands of dollars, except cost per pound)
Fiscal 2026
Fiscal 2025
Cumulative
Since
Beginning of
Fiscal 2025
Cash Production Costs
A
$ 6,338
$ 2,803
$ 9,141
Add
Production-Based Royalties
316
189
505
Ad Valorem and Severance Tax
1,197
599
1,796
Total Production-Based Royalties and Taxes
B
1,513
788
2,301
Total Cash Costs
C=A+B
$ 7,851
$ 3,591
$ 11,442
Add
Depreciation, depletion and amortization
1,306
1,142
2,447
Total Non-Cash Costs
D
$ 1,306
$ 1,142
$ 2,447
Total Costs
E=C+D
$ 9,157
$ 4,733
$ 13,889
Precipitated Uranium and Dried and Drummed Uranium Concentrate (pounds)
F
229,294
129,966
359,260
Cash Production Costs Per Pound
G=A/F
$ 27.64
$ 21.57
$ 25.44
Production-Based Royalties, Ad Valorem and Severance Tax
Per Pound
H=B/F
6.60
6.06
6.40
Total Cash Cost Per Pound
$ 34.24
$ 27.63
$ 31.84
Total Non-Cash Cost Per Pound
I=D/F
5.70
8.78
6.81
Total Cost Per Pound
J=G+H+I
$ 39.94
$ 36.41
$ 38.65
Cautionary Statement Regarding Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Where a forward-looking statement expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. Forward-looking statements often address our expected future business and financial performance and financial condition; and often contain words such as "anticipate," "intend," "plan," "will," "would," "estimate," "expect," "believe," "pending" or "potential." Forward-looking statements in this news release include, without limitation, statements regarding: the Company's expectations for its projects, including proposed studies, anticipated regulatory approvals and planned development and ramp-up activities; expectations regarding uranium markets and demand; the proposed PFS at Roughrider; the Company's plans and goals respecting UR&C and the proposed development of refining and conversion capabilities; and the impacts of governmental initiatives on the Company. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors, which could cause actual results to differ materially. These risks and uncertainties may include, among others: proposed exploration and development activities may not be completed or, if completed, may not produce anticipated results; variations in the underlying assumptions associated with the estimation or realization of mineral resources; the availability of necessary capital; accidents, labor disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays or failure in obtaining governmental approvals or permits, title disputes or claims limitations; any deterioration in political support for nuclear energy or uranium mining; changes in government regulations and policies; changes in demand for nuclear power; weather and other natural phenomena; and the other risk factors set forth in the Company's most recent annual report on Form 10-K and its other filings with the Securities and Exchange Commission, available under its profile at www.sec.gov. These factors are beyond the Company's ability to control or predict. There can be no assurance that the Company's forward-looking statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release. Any forward-looking statement speaks only as of the date on which it's made and the Company does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events, except as required under applicable securities laws. Investors should not assume that any lack of update to a previously issued forward-looking statement constitutes a reaffirmation of that statement.
NYSE American: UEC CORPUS CHRISTI, Texas, Sept. 22, 2026 /PRNewswire/ -- Uranium Energy Corp (NYSE American: UEC), the "Company" or "UEC") is pleased to announce that the Company will issue its fiscal 2026 year-end operating and financial results before the markets open on Tuesday, September 29, 2026.
As energy demand grows, the global perspective on nuclear energy has shifted. Worldwide, countries are committing to tripling their nuclear energy capacity by 2050, creating powerful tailwinds over the next decade and beyond for uranium miners like Uranium Energy (UEC -3.06%) and Cameco (CCJ -1.27%).
Both companies benefit from growing uranium demand, but each has a different risk profile that investors should understand. If I had to pick one stock for the next decade, Cameco gets the slight edge. Here's why.
Image source: Getty Images.
Cameco and Uranium Energy are efficient uranium miners Cameco is one of the world's largest uranium miners and the largest in North America. What sets it apart is its investment in high-grade uranium deposits at McArthur River/Key Lake and Cigar Lake, both in Saskatchewan, Canada. These deposits have low production costs of roughly $21.72 and $23.94 per pound of uranium extracted and processed, respectively, among the lowest for conventional mines worldwide.
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In comparison, Uranium Energy relies heavily on in-situ recovery (ISR). Using ISR, Uranium Energy pumps oxygenated water into underground sandstone aquifers to dissolve uranium, then pumps the uranium-rich liquid back to the surface.
Unlike conventional underground or open-pit mines, ISR is less disruptive to the environment and has significantly lower reclamation costs. In the third quarter, Uranium Energy produced 32,195 lbs of concentrate at a total cash cost of $46.69 per pound. Since commissioning, its cumulative average cash cost per pound is around $32.40.
Cameco's integrated business provides more exposure to the nuclear industry One stark difference between Cameco and Uranium Energy is their business models and exposure to the nuclear value chain. Cameco is a massive miner, but it also has exposure across nuclear fuel and nuclear equipment sales.
Cameco operates the world's largest commercial uranium refinery in Ontario. Cameco also owns 49% of Westinghouse Electric, one of the world's largest nuclear reactor developers, which plans to go public soon. Westinghouse develops the AP1000 reactor, and the U.S. intends to have at least 10 of these under construction by 2030.
Uranium Energy doesn't have similar investments across the value chain. Instead, it is focused on mining projects in the U.S. and Canada. For Uranium Energy investors, its U.S. footprint could prove a competitive advantage as policymakers move aggressively to reshore the domestic nuclear fuel supply chain and eliminate reliance on adversarial foreign suppliers.
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With fully licensed, producing In-Situ Recovery (ISR) processing hubs in Wyoming and South Texas, Uranium Energy is one of the few domestic players that can sell "made in the USA" yellowcake to intermediaries.
Which uranium mining stock is right for you? Uranium Energy is a higher-risk uranium miner stock because it sells unhedged uranium, giving it greater upside if uranium spot prices continue to climb higher. This, along with its U.S. assets, makes Uranium Energy a stock for aggressive investors who are bullish on uranium's long-term outlook.
Cameco is a more stable investment. That's because its long-term contracts lock in revenue for years to come and offer greater stability than Uranium Energy's if spot market prices fall. Cameco also has exposure across the nuclear value chain, which is why I think it's the better stock over the next decade for investors seeking exposure to the nuclear industry's growing tailwinds.
Key Takeaways UEC is expected to report $9 million in Q4 revenues, versus nil a year ago, with a four-cent-per-share loss.Uranium prices rose 16% year over year, supporting potential sales of inventory and production.Higher operating, exploration and development costs are likely to offset increased revenues. Uranium Energy (UEC - Free Report) is expected to report a loss when it reports fourth-quarter fiscal 2026 results next week.
The Zacks Consensus Estimate for UEC’s revenues for the quarter under review is pegged at $9 million compared with nil revenues in the year-ago quarter. The estimate for earnings is pegged at a loss of four cents per share compared to the loss of seven cents in the year-ago quarter. The estimate has remained unchanged over the past 30 days.
Image Source: Zacks Investment Research
Uranium Energy’s Earnings Surprise HistoryUEC’s earnings missed the consensus estimate in two of the trailing four quarters and beat it in the remaining two quarters. The company has an average surprise of negative 18.33%.
Image Source: Zacks Investment Research
What the Zacks Model Unveils for UECOur proven model does not conclusively predict an earnings beat for Uranium Energy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is not the case here.
You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for Uranium Energy is 0.00%.
Zacks Rank: UEC currently carries a Zacks Rank of 2.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Factors Likely to Have Shaped Uranium Energy’s Q4 PerformanceUranium Energy is primarily engaged in uranium mining and related activities, including exploration, pre-extraction, extraction and processing of uranium projects located in the United States, Canada and the Republic of Paraguay. The company has identified the existence of mineralized materials for certain uranium projects, including the Palangana Mine, Christensen Ranch Mine (collectively the ISR Mines), Red Desert, Green Mountain, Roughrider and Christie Lake Projects.
However, the company has not yet established proven or probable reserves. Despite having commenced uranium extraction at its in-situ recovery (ISR) mines, it remains classified in the “Exploration Stage” (as defined by the United States Securities and Exchange Commission) and will continue to hold this status until proven or probable reserves are confirmed.
Uranium Energy reported no sales in the third quarter of fiscal 2026 as it did not record any purchased-uranium inventory sales in the period. During the quarter, the company produced 32,195 pounds of uranium concentrate and, as of April 30, 2026, held 1,456,000 pounds of purchased uranium concentrate inventory. UEC had previously guided for higher production in the fourth quarter, with Christensen Ranch header houses and Burke Hollow expected to contribute for the full quarter.
Average uranium prices increased 16% year over year to approximately $85.19 per pound during the May-July 2026 period. Against this backdrop, UEC is expected to have sold a portion of its inventory and production during the quarter. The company did not generate revenues in the year-ago quarter.
UEC is advancing the Roughrider Project through resource expansions and has accelerated development activities at the Ludeman Project. Delineation drilling is also underway at the Sweetwater Project. The company’s other uranium projects are expected to remain in operational readiness, with related expenditures for regulatory and mine permit compliance, lease maintenance obligations and necessary workforce maintenance adding to expenses.
Uranium Energy is thus likely to have incurred higher operating expenses in the fourth quarter. These include increased exploration and development spending, along with higher general and administrative expenses. The latter is expected to reflect higher salaries, wages and management fees resulting from personnel additions and company-wide salary adjustments to account for inflation. Overall, the higher expenses are expected to have offset the increase in revenues and resulted in a loss for UEC in the fourth quarter of fiscal 2026.
Uranium Energy Stock’s Price PerformanceUranium Energy’s shares have declined 18.1% in the past year against the industry’s 34.1% growth.
Image Source: Zacks Investment Research
Earnings Performance of UEC’s PeersCameco Corporation (CCJ - Free Report) total revenues were down 7% to CAD 814 million ($588 million) in the second quarter of 2026 (ended June 30, 2026) due to weaker performance in both segments. Uranium sales volumes fell 18% to 7.1 million pounds, reflecting normal quarterly delivery timing and Cameco's disciplined contracting strategy, which calls for lower planned deliveries in 2026.
Cameco’s adjusted earnings fell 75% year over year to CAD 0.18 per share (13 cents), primarily due to lower uranium sales volumes and a sharp decline in equity earnings from Westinghouse.
Energy Fuels’ (UUUU - Free Report) second-quarter 2026 (ended June 30, 2026) revenues surged 496% to $25 million. UUUU posted a loss of 13 cents per share, wider than last year's quarter’s loss of 10 cents. Energy Fuels sold 310,000 pounds of uranium at an average realized price of $80.48 per pound. This included 150,000 pounds sold in the spot market and the remaining 160,000 pounds under long-term contracts.
Ur-Energy Inc. (URG - Free Report) generated revenues of $14.37 million in the second quarter of 2026 compared with $10.44 million in the year-ago quarter. Ur-Energy sold 215,000 pounds of uranium during the quarter compared with 165,000 pounds in the second quarter of 2025. Ur Energy reported a quarterly loss of four cents per share, which was in line with the year-ago quarter.
Concurrent Investment Advisors LLC bought a new position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 97,035 shares of the basic materials company’s stock, valued at approximately $1,034,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. AQR Capital Management LLC boosted its stake in shares of Uranium Energy by 56.6% in the 1st quarter. AQR Capital Management LLC now owns 222,582 shares of the basic materials company’s stock valued at $1,064,000 after buying an additional 80,464 shares during the period. Caxton Associates LLP acquired a new stake in shares of Uranium Energy in the 1st quarter valued at $173,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Uranium Energy by 44.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,367,597 shares of the basic materials company’s stock valued at $6,537,000 after purchasing an additional 423,994 shares in the last quarter. Focus Partners Wealth grew its stake in shares of Uranium Energy by 114.0% during the first quarter. Focus Partners Wealth now owns 36,427 shares of the basic materials company’s stock worth $174,000 after purchasing an additional 19,407 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of Uranium Energy by 24.2% during the second quarter. Cetera Investment Advisers now owns 80,807 shares of the basic materials company’s stock worth $549,000 after purchasing an additional 15,744 shares in the last quarter. Hedge funds and other institutional investors own 62.28% of the company’s stock.
Analyst Ratings Changes Several equities analysts have commented on the stock. The Goldman Sachs Group reiterated a “buy” rating and issued a $16.00 price target on shares of Uranium Energy in a research note on Tuesday, June 9th. HC Wainwright reiterated a “buy” rating on shares of Uranium Energy in a research report on Wednesday, August 26th. Finally, Jefferies Financial Group began coverage on Uranium Energy in a research report on Thursday, September 3rd. They set a “hold” rating and a $11.50 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $16.75.
Check Out Our Latest Analysis on Uranium Energy Uranium Energy Stock Performance Shares of Uranium Energy stock opened at $10.45 on Friday. Uranium Energy Corp. has a one year low of $8.90 and a one year high of $20.34. The company has a market cap of $5.17 billion, a P/E ratio of -87.08 and a beta of 1.23. The firm has a fifty day moving average of $10.87 and a two-hundred day moving average of $12.55.
Uranium Energy (NYSEAMERICAN:UEC – Get Free Report) last issued its quarterly earnings results on Tuesday, June 9th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). As a group, equities analysts predict that Uranium Energy Corp. will post -0.15 earnings per share for the current year.
Uranium Energy Company Profile (Free Report)
Uranium Energy Corp. (NYSE American: UEC) is a uranium mining and nuclear fuel company focused on the exploration, development and production of uranium in the United States and Canada. Its activities support the supply of uranium used to generate nuclear power.
The company’s U.S. portfolio includes in-situ recovery uranium projects and processing infrastructure in South Texas and Wyoming. Its South Texas operations include the Hobson Processing Facility and nearby well-field projects, while its Wyoming assets include the Irigaray Central Processing Plant and the Christensen Ranch project.
Featured Articles Five stocks we like better than Uranium Energy Block Makes a Federal Trust Bank Move That Could Reshape Its Fintech Model Kroger’s Textbook Entry for Buy-and-Hold Investors AST SpaceMobile Looks to Extend Its 30-Day FCC Satellite Testing Window Amgen Drops 10% on a Trial It Didn’t Even Run Want to see what other hedge funds are holding UEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uranium Energy Corp. (NYSEAMERICAN:UEC – Free Report).
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Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Let's take a look at what these Wall Street heavyweights have to say about Uranium Energy (UEC - Free Report) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
Uranium Energy currently has an average brokerage recommendation (ABR) of 1.60, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 10 brokerage firms. An ABR of 1.60 approximates between Strong Buy and Buy.
Of the 10 recommendations that derive the current ABR, seven are Strong Buy, representing 70% of all recommendations.
Brokerage Recommendation Trends for UEC
Check price target & stock forecast for Uranium Energy here>>>
While the ABR calls for buying Uranium Energy, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
Zacks Rank Should Not Be Confused With ABRAlthough both Zacks Rank and ABR are displayed in a range of 1--5, they are different measures altogether.
The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.
There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.
Is UEC a Good Investment?In terms of earnings estimate revisions for Uranium Energy, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at -$0.19.
Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Uranium Energy. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for Uranium Energy.
The nuclear energy market sputtered out for roughly a decade after the Fukushima disaster in 2011. As more countries paused their nuclear expansion plans, the price of uranium plummeted, many miners shut down their mines, and nuclear plant builders went bankrupt.
But over the past few years, the nuclear market warmed up again as the power-hungry cloud infrastructure and artificial intelligence (AI) markets expanded, governments launched new decarbonization initiatives, and companies introduced safer and cleaner nuclear technologies.
According to Grand View Research, the global nuclear market could still expand at a steady 4.9% CAGR from 2026 to 2033. If you want to profit from that recovery, you should consider investing in Uranium Energy (UEC +5.33%) and BWX Technologies (BWXT +1.66%).
Image source: Getty Images.
Uranium Energy The nuclear market's expansion boosted uranium's spot price from $43.08 at the end of Jan. 2022 to $89.68 at the end of Aug. 2026. That's why shares of Uranium Energy, a provider of uranium extraction services, have rallied 274% over the past five years.
Uranium Energy pumps an oxygen-enriched solution into the earth to dissolve and recover uranium. These In-Situ Recovery (ISR) plants, which are located across the U.S., Canada, and Paraguay, are cheaper and more environmentally friendly than the underground and open-pit mines used by conventional uranium miners.
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Unlike conventional miners, which typically lock customers into long-term, fixed-price contracts, Uranium Energy sells all of its output at uranium's spot price. Therefore, Uranium Energy is better-positioned to profit from rising uranium prices than its mining peers -- but it's also more exposed to declining spot prices.
Therefore, if you expect the nuclear energy market's resurgence to boost uranium's price to new record highs within the next few years, Uranium Energy is a good long-term investment. Bank of America's analysts expect uranium's spot price to rise to $130 per pound in 2027.
From 2025 to 2028, Wall Street expects Uranium Energy's revenue to grow at a 59% CAGR to $270 million. They also expect its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to turn positive in 2027 and more than double to $199 million in 2028.
With an enterprise value of $5.2 billion, Uranium Energy's stock isn't cheap at 43 times next year's sales. But if uranium's spot price continues to rise, its rally should persist as more governments and utilities recognize the value of cleaner, cheaper uranium.
BWX Technologies BWX Technologies was spun off from Babcock & Wilcox (BW +10.63%) in 2015. It's the only large-scale manufacturer of specialized nuclear components, fuel systems, and naval reactor systems in North America. It's authorized to work with regulated nuclear materials, handle high-assay enriched uranium (HALEU) and tri-structural isotropic (TRISO) fuel, operate large precision nuclear fabrication facilities, and develop naval nuclear components for the U.S. Navy.
That diversification and scale enable BWX to control a crucial part of North America's nuclear supply chain. It generates most of its revenue from the defense sector, so it was better insulated from the post-Fukushima nuclear slowdown than many of its industry peers.
Premium Feature
Moneyball Superscore
80/100
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To expand and evolve after its spin-off from Babcock & Wilcox, BWX acquired six more companies, launched engineering support services for developers of small modular reactors (SMRs), and secured additional U.S. Navy contracts. By the end of 2025, its backlog had swelled 50% year over year to $7.3 billion, driven by the robust market demand for its naval propulsion components, commercial nuclear power components, and specialty materials. That's more than double its $3.2 billion in revenue in 2025.
From 2025 to 2028, analysts expect BWX's revenue and adjusted EBITDA to grow at CAGRs of 12% and 11%, respectively. With an enterprise value of $15.9 billion, it trades at less than four times next year's sales -- but it could command a higher valuation as its government and commercial businesses expand.
On September 01, 2026, Uranium Energy Corp UEC shares fell 5.3% today, currently trading at $11.59. The stock has ranged between $8.91 and $20.34 over the past year, reflecting significant volatility.
GF Value™ verdict: Current price of $11.59 vs GF Value of $2.49, indicating a 365.5% overvaluation. GF Score™: 40/100, which suggests average performance in various metrics. Most notable signal: No insider transactions in the past 12 months. Is UEC Overvalued or Undervalued? The current price of Uranium Energy Corp UEC significantly diverges from its GF Value™, which is estimated at $2.49. This indicates that the stock is trading at a considerable premium, suggesting a substantial margin of safety for potential investors. With the GF Valuation label categorized as "Significantly Overvalued," the high current price relative to fair value raises concerns regarding the sustainability of UEC's current valuation. It is important to note that GF Value™ is GuruFocus' proprietary intrinsic-value estimate derived from historical trading multiples, past business growth, and future performance estimates, serving as a directional warning rather than a precise fair-value target.
As UEC continues to operate as an unprofitable and cash-flow-negative company, traditional earnings-based metrics such as Price-to-Earnings (P/E) are less applicable. Instead, a Price-to-Sales (P/S) analysis may provide better insight. Historically, UEC has seen a P/S ratio around 43.0x, and with the current price, the stock seems to be trading well above historical norms, further validating the notion of overvaluation.
How Does UEC's Valuation Compare to Its History? Metric Current Historical P/E (TTM) N/A 193.8x Forward P/E N/A 955.7x Since UEC currently does not have an applicable P/E ratio due to its profitability issues, the P/E analysis cannot directly affirm or contradict the GF Value™ verdict. However, it is clear that the stock is trading at a premium compared to its historical median, further supporting the view that it is overvalued.
What Does UEC's GF Score™ Tell Us? The GF Score™ measures the overall attractiveness of a stock based on multiple factors, including financial strength, profitability, growth, valuation, and momentum. UEC's score of 40/100 indicates average performance, with its strongest sub-rank in financial strength and its weakest in profitability and growth.
Metric Rating GF Score™ 40/100 Financial Strength 8/10 Profitability 1/10 Growth 0/10 Valuation 1/10 Momentum 4/10 The analysis of UEC's GF Score™ reveals that while the company exhibits strong financial strength (8/10), its profitability (1/10) and growth (0/10) are significantly lacking. This duality underscores the challenges faced by the company, especially in terms of generating consistent earnings.
What Are Gurus and Insiders Doing with UEC? Currently, 1 guru holds UEC stock, with no additions and 1 trimming positions in recent quarters. This limited guru activity reflects a cautious approach towards UEC, suggesting that professionals are reevaluating their positions amid the company's poor profitability and valuation metrics.
Additionally, there have been no insider transactions in the past 12 months, which does not indicate any confidence from management in the company's future prospects. The lack of buying signals from insiders can often be interpreted as a sign of caution, particularly in a volatile market environment.
What This Means for Investors Based on the analysis presented, Uranium Energy Corp UEC appears to be significantly overvalued according to the GF Value™ at $11.59, compared to a fair value of $2.49. Investors should be cautious due to the lack of profitability and poor growth metrics that accompany this valuation.
For further details, visit the Uranium Energy Corp UEC stock page, and explore more insights on the GF Value™ page.
Frequently Asked Questions What is UEC's GF Score™?
UEC's GF Score™ is 40/100, indicating average performance across various metrics.
Is UEC overvalued or undervalued?
UEC is deemed overvalued according to the GF Value™, which estimates its fair value at $2.49, suggesting a significant premium at the current price.
What is UEC's P/E ratio?
UEC currently does not have an applicable P/E ratio due to its unprofitability, while its 5-year median P/E was 193.8x, indicating that it is trading well above historical valuation norms.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
BlackRock Inc. bought a new position in Uranium Energy Corp. (NYSEAMERICAN:UEC – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 40,588,755 shares of the basic materials company’s stock, valued at approximately $432,676,000. BlackRock Inc. owned 8.20% of Uranium Energy at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the stock. Pallas Capital Advisors LLC purchased a new stake in shares of Uranium Energy during the second quarter valued at approximately $108,000. Deutsche Bank AG purchased a new position in shares of Uranium Energy in the second quarter valued at $6,188,000. Perigon Wealth Management LLC purchased a new position in shares of Uranium Energy in the second quarter valued at $267,000. TimesSquare Capital Management LLC acquired a new stake in Uranium Energy during the 2nd quarter valued at $17,972,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in Uranium Energy during the 2nd quarter valued at $62,000. Institutional investors and hedge funds own 62.28% of the company’s stock.
Uranium Energy Trading Up 6.1% Shares of NYSEAMERICAN:UEC opened at $13.27 on Wednesday. The firm has a market cap of $6.57 billion, a PE ratio of -110.58 and a beta of 1.22. The company has a fifty day simple moving average of $10.67 and a 200 day simple moving average of $12.89. Uranium Energy Corp. has a 12-month low of $8.90 and a 12-month high of $20.34.
Uranium Energy (NYSEAMERICAN:UEC – Get Free Report) last posted its quarterly earnings data on Tuesday, June 9th. The basic materials company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). As a group, equities research analysts forecast that Uranium Energy Corp. will post -0.15 EPS for the current fiscal year. Analysts Set New Price Targets Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and set a $16.00 price target on shares of Uranium Energy in a research note on Tuesday, June 9th. HC Wainwright restated a “buy” rating and set a $26.75 target price on shares of Uranium Energy in a research note on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.41.
Read Our Latest Research Report on UEC
About Uranium Energy (Free Report)
Uranium Energy Corp. is a uranium mining and exploration company focused on the development and production of uranium through in-situ recovery (ISR) methods. The company’s core activities include operating ISR projects, advancing exploration properties, and engaging in joint ventures to secure uranium supply for nuclear power generation. Uranium Energy’s approach emphasizes environmentally conscious extraction techniques that minimize land disturbance and water usage compared with conventional mining.
The company’s primary producing asset is the Hobson ISR facility in South Texas, which commenced production to supply uranium concentrate to nuclear utilities.
See Also Five stocks we like better than Uranium Energy Pathward’s Credit Scare Tests Its Comeback Story Wiring the AI Boom: Rumble’s $13.7B Pivot StoneX: Too Far Too Fast? DICK’s Sporting Goods Faces Pain Now for a Bigger Prize Want to see what other hedge funds are holding UEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uranium Energy Corp. (NYSEAMERICAN:UEC – Free Report).
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AI compute is a power problem before it is a chip problem. Hyperscaler capex keeps climbing, PJM capacity prices keep clearing higher, and utilities keep telling the same story: firm, clean, always-on megawatts are the scarce resource. Three US-listed names sit at the pointy end of that thesis, one for each layer of the nuclear stack. Constellation runs the largest US reactor fleet. Talen owns the merchant baseload assets closest to the data center demand curve in PJM. Uranium Energy supplies the fuel from domestic soil.
All three have moved on real catalysts this year, and all three are pricing in different pieces of the same trade.
Constellation Energy: Largest US Nuclear Operator, Raised Guidance Constellation Energy (NASDAQ:CEG | CEG Price Prediction) is trading at $272.88 with a market cap near $96.7 billion and a forward P/E of 23. The Street average target sits at $347.40, with 6 Strong Buy and 14 Buy ratings against 3 Holds. Shares are down 22.41% year to date, compressing the valuation on a company that just raised guidance.
Q2 adjusted EPS of $2.55 beat the $2.3284 estimate by 9.52%, with revenue of $7.504 billion, up 23% year over year. Nuclear output hit 44,160 GWh at a 93% capacity factor. Management lifted full-year 2026 adjusted EPS guidance to $11.50 to $12.50 from $11.00 to $12.00 and reiterated a base EPS growth projection of 20% or more through 2029.
The bull case is contract-backed demand. Constellation has signed 920 MW of 15 to 20-year nuclear PPAs with investment-grade customers, is advancing the Crane Clean Energy Center restart targeting 2027, and filed license renewals for Ginna and Nine Mile Point Unit 1 out to 2049. CEO Joe Dominguez framed the quarter as "strengthening the nation’s energy infrastructure and helping meet growing demand for reliable power." Management said hyperscaler spending for 2026 was tracking "nearly 75% higher than last year and continue to be revised upward." A $5.0 billion buyback authorization with roughly $2.8 billion remaining gives management a lever if the stock stays discounted.
Risk: PJM regulatory rules for large-load interconnection and Reliability Backstop Procurement are still being written, the Illinois ZEC program ends in May 2027, and planned nuclear refueling outage days ran 86 versus 41 a year ago. Calpine integration risk is real given the scale of the January 2026 close.
Talen Energy: PJM Capacity Tailwind and Four-Gigawatt Data Center Pipeline Talen Energy (NASDAQ:TLN) trades at $314.46, down 16.68% over the past month after a messy GAAP print. Market cap sits at $15.07 billion, forward P/E at 13, and the Street’s average target is $465.19 with 6 Strong Buy and 8 Buy ratings.
Q2 headline EPS of -$2.00 missed the $3.3912 estimate, dragged by $211 million in unrealized commodity derivative losses and interest expense that jumped to $214 million from $62 million on $4 billion in new senior unsecured notes funding Cornerstone. Adjusted EBITDA came in at $374 million versus $90 million, versus a year ago, and generation totaled 14.1 TWh. Generation nearly doubled to over 10 GW in the 2028/2029 PJM Base Residual Auction at $325/MWd.
Talen cleared more than 10 GW in the 2028/2029 PJM Base Residual Auction at $2.025 billion to $2.225 billion, raised 2026 adjusted EBITDA guidance to $40 per share, and lifted 2028 base-case free cash flow to 4 GW of land development and data center contracting options. Management flagged approximately 4 GW of data center pipeline options, with the AWS ramp expected to push long-term contracted margin from "leveraging our advantaged portfolio of assets, building our development pipeline of powered land and new capacity all of which allows us to enter into long-term contracts with large loads.". CEO Mac McFarland noted that 30% of 2028 generation is hedged.
Risk: only below 3.5x target of 2028 generation is contracted, leaving Talen exposed to a commodity reversal, and net leverage runs against a target below 3.5x as it digests Cornerstone.
Uranium Energy: Domestic Fuel, Zero Debt, Policy Tailwind Uranium Energy (NYSE:UEC) sits at 31.14% over the past month, up 14.44% on August 21 alone and $6.26 billion. Market cap is roughly $6.26B, and the analyst consensus target implies meaningful upside. This is the upstream exposure: a pure-play US producer with the largest domestic uranium resource base.
Fiscal Q3 produced total cost per pound of $54.61 at a 200,000 pounds at $101 per pound versus a spot average of $80.76, with no revenue recognized as management held inventory. In fiscal Q2, UEC sold 1,456,000 pounds valued at $127 million. Inventory sits at $488 million in cash, backed by $794 million in liquid assets, Burke Hollow began production on April 8, 2026, and zero debt.
The catalysts are strategic. "the largest greenfield ISR uranium project to come into production in more than a decade.", described by management as "the DOE’s ‘Nuclear Dominance: 3 by 33’ initiative, which underscores the urgency of rebuilding a secure, domestic fuel supply chain." CEO Amir Adnani tied the story to Washington policy: Fluor Corporation UEC is also advancing US-based uranium refining and conversion with delayed regulatory approvals and higher Wyoming state taxes.
Risk: single-commodity exposure, no revenue this quarter, and rising per-pound costs. If uranium prices stall, the unhedged strategy cuts both ways.
Different assets, one thesis. Constellation offers scale and contract visibility, Talen offers merchant torque to PJM prices, and UEC offers the fuel. September’s setup gives investors three distinct angles on the AI power buildout to evaluate (we mapped five ways to play the nuclear restart, utilities and fuel included, in a free report here).
Contact [email protected] for any questions or corrections.
Uranium is an adventurous commodity, sometimes beloved as a great way to power things without fossil fuels and other times reviled as a dreadful danger. Today, with a lot of U.S. (and dare I also say bipartisan) support, nuclear power and uranium are in we-love-it stages. I think this will have very long legs. Uranium Energy Corp. is a small (by revenue) uranium miner with massive courage. If uranium is priced too low, UEC won't sell and will even tolerate long zero-revenue periods.
On August 20, 2026, Uranium Energy Corp
UEC -4.13% 40
shares fell 4.1% to a current price of $11.15, reflecting a 52-week range of $8.91 to $20.34. This decline comes amidst a mixed performance, with the stock showing an 18.7% gain over the past year but a year-to-date decline of 4.5%. The market sentiment appears cautious, especially in light of UEC's valuation metrics.
GF Value™ verdict: $2.47, indicating the stock is 351.4% overvalued.GF Score™: 40/100, which signifies an average rating.Most notable signal: No insider transactions in the past 12 months.Is UEC Overvalued or Undervalued?Uranium Energy Corp's current valuation presents a complex picture. With a GF Value™ estimation of $2.47, UEC is significantly overvalued at its current price of $11.15, suggesting a margin of safety that is quite narrow for potential investors. The GF Value™ is GuruFocus' proprietary estimate of intrinsic value, derived from historical trading multiples, business growth patterns, and future performance estimates. Given that UEC is currently cash-flow negative, relying on earnings-based valuations like P/E is not applicable in this context. Instead, investors should focus on price-to-sales (P/S) ratios, where UEC's historical median is approximately 42.9x.
This extreme valuation reading serves as a directional warning rather than a precise fair-value target, especially in light of the company's unprofitability and cash-flow issues. The risk of holding a stock with such a high valuation multiple is substantial, as it leaves little room for error if future performance does not meet market expectations.
How Does UEC's Valuation Compare to Its History?MetricCurrentHistoricalP/E (TTM)N/A193.8x (5-Year Median)Forward P/EN/A919.4xAs UEC does not have a current earnings figure due to being unprofitable, the P/E ratio is not applicable, and thus a direct comparison to its historical median is not feasible. However, the absence of positive P/E metrics aligns with the GF Value™ assessment, reinforcing the conclusion that UEC is overvalued based on its historical performance metrics.
What Does UEC's GF Score™ Tell Us?The GF Score™ is a comprehensive measure that assesses various aspects of a company's performance, including financial health, profitability, growth potential, valuation, and momentum. UEC's GF Score™ of 40/100 reflects an average rating, with its strongest areas being financial strength, rated 8/10, and its weakest being profitability and valuation, both rated 1/10.
MetricRatingGF Score™40Financial Strength8/10Profitability1/10Growth0/10Valuation1/10Momentum4/10The financial strength rating indicates that the company is stable in its capital structure, but the low profitability and growth scores highlight significant challenges in generating earnings. The valuation rank further emphasizes that the stock may be trading at an unsustainable premium given its current financial performance.
What Are Gurus and Insiders Doing with UEC?Currently, 1 guru holds a position in Uranium Energy Corp, with no additions and 1 trimming their position in recent quarters. This lack of insider activity suggests a cautious stance among institutional investors regarding UEC's future prospects. The absence of insider buying could indicate a lack of confidence in the company's ability to improve its financial situation or achieve sustainable growth.
When there is a trend of trimming positions, it often reflects a reevaluation of the stock's risk profile, suggesting that current holders are not optimistic about short-term gains. This could further signal that potential investors should exercise caution before entering or continuing to hold UEC shares.
What This Means for InvestorsBased on the GF Value™ analysis, Uranium Energy Corp is significantly overvalued at its current price of $11.15, given the GF Value™ estimate of $2.47. The high P/S ratio further complicates the investment thesis, as the stock's valuation does not align with its financial performance. Investors should remain vigilant and consider these valuation metrics before making any decisions regarding UEC. For additional insights, visit the Uranium Energy Corp
UEC -4.13% 40
stock page for a more detailed analysis.
Frequently Asked QuestionsWhat is UEC's GF Score™?
UEC's GF Score™ is 40/100, indicating an average rating that reflects mixed performance across various financial metrics.
Is UEC overvalued or undervalued?
UEC is overvalued, with a GF Value™ of $2.47 compared to its current price of $11.15, suggesting significant downside risk.
What is UEC's P/E ratio?
UEC does not currently have a applicable P/E ratio due to being unprofitable; its 5-year median P/E was 193.8x, highlighting a historical context of high valuations.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Energy has taken center stage amid the artificial intelligence (AI) data center boom. Nuclear energy is experiencing a massive resurgence worldwide, and the U.S. wants to quadruple its nuclear capacity by 2050.
With the U.S. focused on domestic energy production, this initiative presents a long-term opportunity for investors in U.S.-based Centrus Energy (LEU +0.27%) and Uranium Energy (UEC +4.01%). Here's why these two companies could be top nuclear stocks to buy -- and what must go right for them in the coming years for them to be quality investments.
Image source: Getty Images.
Centrus is key to the U.S. securing domestically manufactured nuclear fuel Next-generation nuclear reactors need fuel, and Centrus Energy is positioning itself as a leading domestic provider of that fuel. The company is the only publicly traded U.S. company authorized to procure enriched uranium for national defense and military purposes. It is also the only licensed U.S. facility to produce high-assay, low-enriched uranium (HALEU), the specialized nuclear fuel used by nearly all next-generation small modular reactors.
It has become a vital asset for the U.S. In 2024, Congress signed the Prohibiting Russian Uranium Imports Act. This act bans imports of unirradiated, low-enriched uranium (LEU) produced in the Russian Federation or by a Russian entity through the end of 2040. Companies have received waivers to purchase Russian-sourced LEU if no viable sources are available, but those expire Jan. 1, 2028.
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The opportunity is there for Centrus, but for the stock to deliver for investors, it must transition from a nuclear fuel supplier to a nuclear fuel manufacturer. To do so, the company must expand its American Centrifuge Plant in Piketon, Ohio. This multibillion-dollar project is backed by federal funding, including a $900 million task order from the Department of Energy.
The company produces HALEU in small amounts and looks to produce commercial quantities for next-generation nuclear companies. It has signed a deal with Oklo, which builds Aurora powerhouses based on microreactor technology, and will begin delivering HALEU in 2029. It will also produce LEU, used in older nuclear reactors, with new capacity coming online in 2029.
Demand for domestically sourced uranium is a tailwind for Uranium Energy While Centrus looks to produce nuclear fuel for reactors, Uranium Energy covers everything from mining to processing, refining, and conversion. The company's advantage is that it controls the largest uranium resource in the U.S. and uses a hub-and-spoke platform in which processing plants serve as central hubs that process material extracted from multiple nearby mining sites (the spokes).
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Uranium Energy uses in situ recovery (ISR), a low-impact mining method that uses oxygenated groundwater to dissolve uranium underground and pump it to the surface. The company has a licensed production capacity of 12 million pounds of yellowcake, the concentrated uranium powder extracted from natural ore and the starting point for nuclear reactor fuel.
Looking ahead, Uranium Energy needs momentum in nuclear energy and sustained policy enforcement that restricts Russian uranium, which could push uranium prices higher as the U.S. prioritizes domestic feedstock.
What makes Uranium Energy appealing for nuclear-focused investors is that it is 100% unhedged. As a result, the company benefits from maximum price exposure when uranium prices rise, enabling it to capitalize on the current growth in demand.
Scott Melbye, Executive Vice President of Uranium Energy Corp. (UEC +0.88%), reported a non-discretionary sale of 55,656 shares of common stock as disclosed in a recent SEC Form 4 filing.
Transaction summaryMetricValueTransaction value$534,298Shares sold55,656Post-transaction shares (directly held)1,244,182Post-transaction value$11.9 millionTransaction value based on SEC Form 4 weighted average sale price ($9.60); post-transaction value based on July 31, 2026, market close ($9.60).
Key questionsWhat was the primary driver of this transaction?
The transaction was non-discretionary and was executed to cover tax liabilities associated with the vesting of restricted stock units; consequently, the move does not reflect the insider's personal investment outlook on the stock.What is the scope of the insider’s remaining equity exposure?
Melbye maintains direct ownership of 1,244,182 shares, which represents a market value of $11.94 million as of the July 31, 2026, market close, along with 200,367 derivative securities.How does the company’s current valuation compare to its financial performance?
Uranium Energy carries a market capitalization of $4.8 billion as of the July 30, 2026, market close, while reporting trailing-twelve-month revenue of $20.2 million and a net loss of $103.7 million for the same period.What are the details of the underlying vesting events?
The filing indicates that performance-based restricted stock units settled on their scheduled vesting date, and additional restricted stock units are set to vest in three equal annual installments beginning in July 2027.Company OverviewMetricValueShare Price (as of market close 2026-07-30)$9.74Market Capitalization$4.8 billionRevenue (TTM)$20.2 millionNet Income (TTM)-$103.7 millionCompany SnapshotUranium Energy Corp. operates across the entire uranium and titanium concentrate production cycle, encompassing exploration, extraction, and processing, with operations in the United States, Canada, and Paraguay.The company generates revenue through uranium and titanium concentrate production and sales, leveraging its portfolio of projects, including the Palangana mine and the Goliad, Burke Hollow, Longhorn, and Salvo projects located in Texas.The company serves utilities and energy sector participants requiring uranium and titanium concentrates for nuclear power generation and industrial applications.Uranium Energy Corp. is a diversified uranium and titanium producer with a significant asset base positioned across North America. The company maintains a strategic portfolio of development and production assets designed to capitalize on growing global demand for nuclear fuel and specialty materials. With a market capitalization of $4.8 billion, UEC represents a material participant in the uranium sector, though the company is currently in a pre-revenue optimization phase relative to its asset base.
What this transaction means for investorsInvestors should always remember that insiders sell for many reasons, many of which have little to do with a company’s short-term prospects. Therefore, it’s always best to dive into a company’s fundamentals before jumping to any conclusions regarding an insider sale. With that in mind, let’s have a closer look at Uranium Energy (UEC) stock.
To begin, let’s compare UEC against the S&P 500. In short, the stock has delivered astounding performance relative to the S&P 500 over the last five years. UEC stock has generated a total return of 406%, equating to a compound annual growth rate (CAGR) of 38.3%. The S&P 500, meanwhile, has generated an 87% total return, with a 13.3% CAGR.
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11.48
However, the flip side of this excellent run from UEC is that the stock’s valuation has similarly skyrocketed. Its five-year average price-to-earnings (P/E) ratio is already extremely high at 345x. However, its current P/E ratio is more than double that, at 802x. In other words, investors buying UEC shares today are buying at nearly the highest valuation in five years.
Granted, UEC bulls will say that the current P/E ratio doesn’t capture the company’s long-term potential. The idea is that the world’s energy needs are skyrocketing and that nuclear power is well-positioned to fill the growing energy gap. UEC, as a provider of nuclear fuel, stands to benefit if nuclear power ramps up to fill the growing energy needs of the U.S. and other developed economies.
In summary, UEC is a classic case of today’s results versus tomorrow’s potential. Value investors can safely steer clear of UEC given its valuation. However, growth-oriented investors may still find a spot for this stock in their portfolios if they have a strong conviction that nuclear power will play a major role in meeting surging energy demand, driven in part by the artificial intelligence revolution.
Uranium Energy's (UEC +1.07%) stock has rallied more than 400% over the past five years. That rally was driven by a resurgent interest in nuclear energy among governments, utilities, and AI-driven tech companies, but could its stock head even higher over the next five years?
How fast is Uranium Energy growing? Uranium Energy is a Texas-based provider of In-Situ Recovery (ISR) solutions that pump an oxygen-enriched solution into the earth to dissolve and recover uranium. That approach is a cheaper and more environmentally friendly alternative to underground and open-pit mining.
Image source: Getty Images.
It's expanded rapidly over the years and operates facilities in the U.S., Canada, and Paraguay. As a pure-play uranium extraction and resource development company, Uranium Energy's growth is tightly tethered to uranium prices. Uranium's spot price reached $86.38 per pound at the end of July, and Citi analysts expect it to rise to $100-$125 per pound this year.
From 2025 to 2028, analysts expect Uranium Energy's revenue to grow at a 57% CAGR. They also expect its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to turn positive in 2027 and more than double in 2028.
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It could turn $1,000 into nearly $2,000 If Uranium Energy matches those estimates, grows its adjusted EBITDA at a 25% CAGR over the following three years, and trades at 25 times its current-year adjusted EBITDA in 2031, its stock could nearly double over the next five years. It isn't cheap at 60 times next year's adjusted EBITDA today, but it could have plenty of upside potential as the nuclear market expands.
Citigroup is an advertising partner of Motley Fool Money. Leo Sun has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Artificial intelligence is a revolutionary technology, and the energy demands behind it are skyrocketing. As hyperscalers scramble for a stable energy source, nuclear is stealing the spotlight. This surge in interest has sparked a nuclear renaissance, igniting competition between start-ups and established miners and refiners.
In one corner, you have Oklo (OKLO -8.12%), an upstart developer of advanced nuclear reactors and the fuel needed to power them. In the other, you have Uranium Energy Corporation (UEC +1.07%), a domestic uranium miner that supplies the raw materials needed to meet today's energy needs. Here's the nuclear fuel play that could be the bigger winner in 2026.
Image source: Getty Images.
Oklo has ambitious plans to recycle used nuclear waste Oklo aims to revolutionize nuclear energy and its deployment with its Aurora powerhouses. These function as mini nuclear power plants that use compact, liquid-metal-cooled fast reactors. Unlike traditional nuclear plants, these microreactors are factory-fabricated and are designed to run on spent fissile material from conventinal reactors.
Oklo believes it can harness fast neutrons to unlock the 95% of energy potential still trapped in used nuclear fuel. The nuclear developer plans to build a commercial fuel recycling facility in Oak Ridge, Tennessee, to establish a commercial pathway for recovering selected materials from used nuclear fuel.
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The company signed a memorandum of understanding (MOU) with Standard Nuclear, a producer of TRISO nuclear fuel, to collaborate on recycling and manufacturing nuclear fuel.
In May, Oklo was selected by the U.S. Department of Energy (DOE) for advanced negotiations under the Surplus Plutonium Utilization Program, which makes designated surplus plutonium available to private industry for conversion into fuel under strict requirements.
Uranium Energy is a U.S.-based uranium miner and processor with active operations In contrast, Uranium Energy Corporation is positioned at the front end of the nuclear fuel cycle. The company is a U.S.-based uranium miner that uses in situ recovery (ISR), a low-impact mining method that uses oxygenated groundwater to dissolve uranium underground and then pumps it to the surface.
Uranium Energy uses a "hub-and-spoke" platform, meaning it operates processing plants that serve as central hubs for processing material extracted from multiple nearby mining sites (the spokes). The company currently controls two active ISR central processing production platforms in the U.S., in Wyoming and Texas.
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These hubs serve satellite deposits, giving UEC a licensed production capacity of roughly 12 million pounds of yellowcake (the concentrated uranium powder extracted from natural ore, the starting point for nuclear reactor fuel) per year.
Oklo is spending large sums of cash on advanced reactors that will not generate revenue for years, and it hopes to begin producing fuel at its Tennessee facility for Aurora reactors by the early 2030s. In the meantime, it has signed a letter of intent with Centrus Energy for high-assay low-enriched uranium starting around 2029.
In contrast, Uranium Energy Corporation has mining and refining operations and can sell yellowcake directly into uranium markets today. On top of this, it is 100% unhedged, giving it maximum price exposure whenever uranium prices rise. When it comes to the better nuclear fuel play for 2026, Uranium Energy Corporation takes the crown.
The nuclear energy market fizzled out for roughly a decade after the 2011 Fukushima disaster, as cautious governments and utilities paused their nuclear expansion plans.
But over the past few years, new decarbonization initiatives, the development of safer nuclear technologies, and the growth of the power-hungry cloud and AI markets have driven many utilities to restart their nuclear energy projects. To profit from that recovery, it might be a good idea to invest in uranium miners like Cameco (CCJ +0.40%) and Uranium Energy (UEC +0.67%).
Image source: Getty Images.
The differences between Cameco and Uranium Energy Cameco, which mined 15% of the world's uranium in 2025, is the world's second-largest uranium miner after Kazakhstan's Kazatomprom (OTC:NATK.Y). It's based in Canada, and operates uranium miners in Canada, the U.S., and Kazakhstan.
In 2023, Cameco partnered with Brookfield Asset Management (BAM +0.91%) to acquire Westinghouse Electric, one of the world's largest nuclear technology companies. That investment reduced Cameco's direct exposure to volatile uranium prices while increasing its exposure to the nuclear energy infrastructure market.
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Uranium Energy, based in Texas, is a smaller miner that pumps an oxygen-enriched solution into the earth to dissolve and recover uranium, offering a lower-cost, more environmentally friendly alternative to underground and open-pit mining.
It has expanded rapidly through acquisitions and mainly operates in the United States, Canada, and Paraguay. Unlike Cameco, which is a vertically integrated uranium mining and infrastructure giant, Uranium Energy is a pure-play uranium extraction and resource development company.
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Which stock has more upside potential? From 2025 to 2028, analysts expect Cameco's revenue and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to grow at CAGRs of 7% and 14%, respectively. The rising demand for nuclear energy should drive that growth -- and its stock still looks reasonably valued at 24 times next year's adjusted EBITDA.
From 2025 to 2028, analysts expect Uranium Energy's revenue to grow at a 57% CAGR. They also expect its adjusted EBITDA to turn positive in 2027 and more than double in 2028. That growth should be driven by the expansion of its facilities in South Texas and Wyoming. Its stock isn't cheap at 60 times next year's adjusted EBITDA, but its stronger growth rates and early mover's advantage in cleaner uranium mining could justify that higher valuation.
Both stocks could be great long-term nuclear power plays, but Cameco's scale, steady growth, and lower valuation make it the better buy in this choppy market. Uranium Energy could have more upside, but investors should brace for significant volatility.
Nuclear energy is becoming an increasingly important part of the clean energy transition, offering a dependable, carbon-free source of electricity as global power demand continues to rise. Unlike weather-dependent renewable sources such as solar and wind, nuclear plants can deliver stable, continuous power around the clock, making them a valuable complement to a low-carbon energy system.
The outlook for the nuclear industry is also improving, supported by license extensions for existing reactors, advances in small modular reactor (“SMR”) technology, approvals for new facilities, and plans to restart previously retired nuclear plants in the United States. Growing investment from major technology companies in SMR development further reflects rising confidence in nuclear energy’s long-term role and growth prospects.
The U.S. Department of Energy has awarded over $94 million in cost-shared funding to eight companies to accelerate the deployment of advanced Generation III+ SMRs. The funding will help overcome key barriers in licensing, supply chains and site readiness while strengthening the domestic nuclear ecosystem. The initiative is intended to support new SMR projects in the 2030s and aligns with the administration's strategy to expand nuclear energy, enhance U.S. energy security and reinforce the nation's energy leadership.
The United States is pursuing an ambitious expansion of its nuclear power capacity, aiming to increase generation from roughly 100 gigawatts (“GW”) in 2024 to nearly 400 GW by 2050. Nuclear energy currently accounts for about 20% of the nation's electricity generation, and ongoing license renewals by the U.S. Nuclear Regulatory Commission are extending the operational lives of existing reactors, reinforcing the country's supply of reliable, carbon-free electricity.
The industry is further supported by favorable government policies, continued advancements in SMR technology and initiatives to strengthen the domestic nuclear fuel supply chain. Meanwhile, surging electricity demand driven by AI-powered data centers, manufacturing reshoring and the growing adoption of electric vehicles is accelerating the need for dependable, round-the-clock clean energy, positioning nuclear power providers for long-term growth.
With this increasing importance, nuclear energy-related stocks, such as Ameren Corporation (AEE - Free Report) , Energy Fuels (UUUU - Free Report) and Vistra Corp. (VST - Free Report) , are becoming attractive investment options. Unlike other clean energy sources affected by intermittency, nuclear power plants provide a consistent and stable energy output, operating around the clock except during planned maintenance intervals.
Nuclear power offers a significant advantage over other clean energy sources by generating large amounts of electricity with a much smaller land footprint. Although all traditional energy sources produce waste, the nuclear industry benefits from stringent regulations and well-established systems for the safe handling, storage and management of nuclear waste. Additionally, rising electricity demand, driven by the growing adoption of electric vehicles, increasing grid requirements, and the rapid expansion of artificial intelligence-powered data centers, is reinforcing the critical role of nuclear energy in providing reliable, large-scale power generation.
As the production of clean energy is expected to rise from nuclear plants, a continuous supply of high-quality uranium is essential to keep the nuclear units running. Companies like Uranium Energy (UEC - Free Report) and BHP Group Limited (BHP - Free Report) produce uranium and can benefit from the surging demand from nuclear power plants.
Nuclear Energy stocks have huge potential and can offer significant growth opportunities for investors. Our Nuclear Energy Screen makes it easier for investors to locate high-potential stocks at any given time.
Ready to uncover more transformative thematic investment ideas? Explore 37 cutting-edge investment themes with Zacks Thematic Investing Screens and discover your next big opportunity.
Ameren Corporation's expanding focus on nuclear energy enhances its long-term investment appeal by strengthening generation reliability and supporting its clean-energy transition. The company plans to extend the operating license of its existing nuclear facility beyond 2044, ensuring a dependable source of carbon-free baseload power while improving fuel diversity and meeting rising electricity demand.
In addition, Ameren's preferred resource plan calls for nearly 1,500 MW of new nuclear capacity by 2040. This investment is expected to complement its renewable energy portfolio with reliable, around-the-clock generation, supporting grid stability, regulated rate-base growth and long-term earnings. As power demand accelerates due to data centers, manufacturing expansion and electrification, Ameren's nuclear strategy positions it for sustainable long-term growth.
Furthermore, this Zacks Rank #2 (Buy) stock plans to invest nearly $31.8 billion between 2026 and 2030 to modernize and strengthen its utility infrastructure, supporting long-term operational and financial growth. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Energy Fuels offers compelling upside as one of the best-positioned U.S. beneficiaries of the nuclear energy and critical minerals boom. Its White Mesa Mill provides a major competitive advantage as the country’s only operating conventional uranium mill and only commercial facility capable of producing separated rare earth elements. Strong execution, including expected first-half 2026 uranium production of roughly 1.6 million pounds, highlights the company’s ability to scale rapidly into a tightening uranium market.
With a deep pipeline of restart-ready and development-stage assets, Energy Fuels has substantial production growth potential as uranium prices and nuclear demand rise. Increasing electricity consumption, data-center growth, decarbonization and energy-security priorities should support a sustained nuclear expansion, positioning UUUU for stronger volumes, improved margins and long-term value creation. Its rare earth exposure adds another powerful growth driver, making the stock a differentiated and increasingly attractive play on U.S. strategic resource independence.
This Zacks Rank #2 stock has six long-term contracts with U.S. nuclear utilities covering deliveries from 2026 to 2032. Amid surging uranium demand from the utilities, Energy Fuels expects to reduce uranium production costs throughout 2026, which can further boost its topline.
Vistra Corp. offers a strong long-term investment case, supported by its diversified generation portfolio and expanding leadership in nuclear energy. Long-term power purchase agreements (“PPAs”) remain a key component of Vistra’s strategy to expand the contracted share of earnings while retaining exposure to upside in merchant markets. Management reaffirmed that recently executed nuclear PPAs, including the Meta agreements covering its PJM nuclear facilities and the Amazon Web Services agreement at Comanche Peak, are expected to increase contracted and retail-linked revenues as they take effect, with a portion of the Meta-related contribution beginning in 2027.
Demand for clean energy is rising in Vistra’s service territories. The company’s six nuclear reactors have received a license extension, ensuring continued reliable generation of emission-free electricity in key markets. These six nuclear reactors have the capacity to generate more than 6,500 MW of emission-free energy, enough to power about 3.25 million homes.
This Zacks Rank #3 (Hold) stock has a comprehensive hedging program, which lessens the impact of short-term price fluctuations.
VANCOUVER, British Columbia, July 31, 2026 (GLOBE NEWSWIRE) -- Anfield Energy Inc. ("Anfield" or the "Company") (TSX. V: AEC; NASDAQ: AEC; FRANKFURT: 0AD) has closed its previously announced underwritten public offering (the "Offering") of 1,715,000 common shares (the "Common Shares"), which includes the full exercise of the underwriters' option to purchase an additional 233,695 Common Shares, at a price of US$4.
Uranium Energy (UEC -4.24%) is an interesting nuclear power business. It is building its own uranium production, but it has also made a massive investment in a uranium reserve. At the end of the fiscal third quarter of 2026, the company had 1.46 million pounds of the nuclear reactor fuel. That helps explain why the stock has been heading lower in 2026, but also why the next 10 years could be more positive.
Uranium Energy is following uranium prices With so much uranium in its reserves, Uranium Energy's stock serves as a proxy for uranium prices. As the uranium spot price rises and falls, so does Uranium Energy's stock price. Spot prices peaked in early 2026 and have since been falling. That's the exact path Uranium Energy's stock has tread, with the shares now down 50% from their early year peak.
Image source: Getty Images.
There's more to that decline than just uranium prices; fickle investor sentiment plays a big role, too. However, there's something that short-term investors may be missing. The long-term contracted price of uranium hasn't fallen. It has continued to rise as companies producing nuclear power seek to lock in fuel supplies.
Uranium supply doesn't look like it will keep up with demand Uranium Energy sometimes sells uranium from its inventory to raise money. However, it has been holding off on such sales lately. That looks like a good idea when you look out over the longer term.
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Cameco (CCJ -2.75%), one of the world's largest uranium producers, has been warning for some time that demand for uranium will begin to outstrip supply in the early 2030s. Since uranium is a commodity, that would lead to higher uranium prices. Higher uranium prices would make Uranium Energy's uranium inventory more valuable. And thus, the stock could not only recover over the longer term, but, if the uranium shortfall is as material as Cameco is forecasting, it could even reach new highs.
Uranium Energy is not for the faint of heart As the deep drawdown highlights, Uranium Energy is not a stock you want to own if you are a risk-averse investor. It is highly leveraged to uranium prices. That would be good news if the above scenario plays out. However, if demand isn't robust and there's plenty of supply, Uranium Energy's uranium reserves could turn out to be a negative rather than a positive. In other words, it appears that Uranium Energy is well-positioned over the longer term, but in order to buy the stock, you really need to believe that uranium demand will, indeed, outstrip uranium supply. Given the big price swing, having a cast-iron stomach might help, too.
SummaryEnergy Fuels is transforming into a vertically-integrated uranium and rare earth leader, currently trading at a deep discount to intrinsic asset value.UUUU's uranium business alone justifies its current enterprise value, while its REE assets are effectively being given away for free, with potential REE upside exceeding $22 billion by 2032.Execution, geopolitical, and competitive risks are overstated; management’s strategic acquisitions and capital discipline position UUUU ahead of Western peers in the REE supply chain.With the stock down ~60% from recent highs, I see 550% upside over 6 years if management delivers on its integrated ‘mine-to-magnet’ strategy.The Natural Resources Hub members get exclusive access to our real-world portfolio. See all our investments here » WHPics/iStock via Getty Images
In late 2024, when Energy Fuels (UUUU) was still trading in the single digits, I wrote that the underlying business had been grossly misunderstood and argued that it could shine in 2025 and beyond. Since then, its rare earth initiative
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, /PRNewswire/ -- Uranium Energy Corp (NYSE American: UEC) (the "Company" or "UEC") is pleased to announce the following results of the Company's recent annual meeting of stockholders held on July 23, 2026 (the "AGM"):
Amir Adnani, Spencer Abraham, David Kong, Vincent Della Volpe, Gloria Ballesta and Trecia Canty were elected to the Board of Directors of the Company; The appointment of PricewaterhouseCoopers LLP, Chartered Professional Accountants, was ratified as the Company's independent registered accounting firm for the fiscal year ending July 31, 2026; and The Company's non-binding vote on the compensation of its named executive officers was approved. For complete results on all matters voted on at the AGM, please see the Company's Current Report on Form 8-K filed on EDGAR at www.sec.gov.
Following the AGM the following Executive Officers of the Company were re-appointed by the Board of Directors of the Company:
Amir Adnani: President and Chief Executive Officer;
Josephine Man: Chief Financial Officer, Treasurer and Secretary;
Scott Melbye Executive Vice President; and
Brent Berg Senior Vice President, U.S. Operations.
About Uranium Energy Corp
Uranium Energy Corp is America's largest and fastest growing uranium company. The Company controls the largest uranium resource base and the most licensed production capacity in the United States, totaling approximately 12 million pounds per year across its Wyoming and South Texas platforms. In Canada, the Company controls one of the most extensive land and resource portfolios in the Athabasca Basin, anchored by the Roughrider Project in Saskatchewan. Through its wholly owned subsidiary, United States Uranium Refining & Conversion Corp, UEC is pursuing domestic refining and conversion capabilities to further strengthen the U.S. nuclear fuel supply chain. UEC maintains a 100% unhedged uranium strategy, providing full exposure to uranium market fundamentals. The Company is managed by professionals with decades of experience across uranium exploration, development, production and fuel cycle infrastructure.
Nuclear is having a moment, and July marks a genuine inflection point for the uranium supply chain. With 38 countries having pledged to triple nuclear power by 2050, hyperscalers keep signing power purchase agreements to feed AI data centers, and Washington just moved uranium onto the U.S. Critical Minerals List in November 2025. The Section 232 uranium investigation status report is due this month, potentially catalyzing new import restrictions that favor domestic producers.
Long-term uranium contracting prices sit near a 14-year high around US$91.50/lb, and utilities are racing to lock in supply. For investors, the cleanest way to play this without taking single-reactor risk is a pure-play basket across mining and enrichment. Here are three U.S.-listed names that map directly to the policy and demand tailwinds heating up this month.
Cameco (CCJ) Cameco (NYSE:CCJ | CCJ Price Prediction) is the tier-one anchor of any uranium book. The Saskatoon-based miner carries a $42.46 billion market cap and owns 49% of Westinghouse, giving it exposure to both the front-end fuel cycle and downstream reactor deployment. As of July 22, shares are down 8.22% year to date but up more than 16% over the past year and roughly 430% over five years, though the stock currently trades well off its 52-week high of $135.24.
The bull case rests on contracted volumes and rising realized prices. Q1 FY2026 uranium sales volumes rose 13% to 7.8 million pounds at a realized $65.45/lb, and 2026 guidance calls for 29 to 32 million pounds delivered at $85 to $89/lb, a step-change from $62.11/lb realized in 2025. Adjusted net earnings nearly tripled to $145.59 million in Q1, and the annual dividend was raised 50% to $0.24/share. Analysts carry a $132.13 target price with 9 Strong Buy and 10 Buy ratings.
Risk: Q1 revenue missed consensus by 25.62%, and the Key Lake mill bridge collapse plus an extended Q3 2026 maintenance shutdown could pressure delivery cadence. Q2 results land July 31, so keep an eye on the stock into month-end.
Uranium Energy (UEC) Uranium Energy (NYSE:UEC) is the most direct U.S.-domestic mining play. The Corpus Christi-based ISR (in-situ recovery) producer carries a $5.24 billion market cap and runs a deliberately unhedged strategy, meaning every pound sold captures spot pricing. As of July 22, shares trade around $9.68, up nearly 19% over the past year but down more than 26% year-to-date. Analysts see upside to $18.25.
The unhedged posture is already paying off. In Q2 FY2026, UEC sold 200,000 pounds at $101/lb, more than 25% above the quarterly spot average of $80.76/lb. Management then deliberately booked zero sales in Q3 to preserve pricing optionality, sitting on 1.456 million pounds of U3O8 valued at $127 million. The balance sheet is a fortress: $794 million in liquid assets, $488 million in cash, zero debt. Burke Hollow just came online as the largest greenfield ISR project to enter U.S. production in over a decade. If Section 232 lands with teeth this month, UEC is arguably the single most direct US-domestic beneficiary.
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Risk: No revenue in Q3, a rising total cost per pound of $54.61 (up from $44.14), and single-commodity exposure. The stock is volatile.
Centrus Energy (LEU) Centrus Energy (NYSE:LEU) is the differentiated pick: the only US-owned uranium enricher. That matters because advanced reactors, small modular reactors, and many AI-data-center-linked designs require HALEU (high-assay low-enriched uranium), a fuel Russia currently dominates. On July 22, Centrus traded around $174, down 36% year to date from a 52-week high of $464.25, offering a re-rating setup as the enrichment story reasserts itself. It rallied nearly 15% in the past week.
Q1 FY2026 was a genuine blowout: adjusted diluted EPS of $1.05 versus the 27-cent consensus, a 288.89% surprise, and Technical Solutions revenue up 47% on the DOE HALEU Operation Contract. Management raised 2026 revenue guidance to $450 million to $500 million and sits on $1.87 billion in cash. The strategic backdrop is even better: a $900 million DOE HALEU production task order, a $3.8 billion total backlog extending to 2040, and a $2.3 billion contingent LEU backlog. The Palantir partnership has already surfaced roughly $300 million in cost savings. Analysts target $274.36 with nine Buy and two Strong Buy ratings.
Risk: Execution on the Piketon and Oak Ridge centrifuge buildout, and DOE funding subject to appropriations. Q1 operating income collapsed 96% year-over-year as advanced-tech costs stepped up.
What to Watch Next Three catalysts define the July setup: the Section 232 status report, Cameco’s July 31 Q2 earnings, and any incremental hyperscaler nuclear PPA announcements. If the policy report lands with domestic-sourcing teeth, UEC and LEU get the sharpest re-rating, while CCJ remains the lower-beta way to own the theme. The uranium bull cycle is early-innings, and this basket covers mining, contracting, and enrichment without touching utility risk.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Cameco didn't make the cut. Grab the names FREE today.
Shares of Oklo (NYSE:OKLO | OKLO Price Prediction) are down 9.6% in Thursday afternoon trading to $41.31, extending a month-long slide that has now erased 28% of the stock’s value. The move caps a punishing stretch for the pre-revenue advanced reactor developer, with OKLO shares also off 42% year to date.
The pain has been broader than one name. NuScale Power (NYSE:SMR), Uranium Energy (NYSEAMERICAN:UEC), and the wider speculative nuclear and uranium trade have all cooled together over the past month, raising a fair question for investors: is it time to abandon nuclear stocks, or is this a narrower story about pre-revenue names?
The short answer, based on today’s action, is nuance. Speculative reactor developers and uranium miners have de-rated hard, while profitable nuclear-adjacent utilities have held up. Certainly, sizing risk matters here.
A Sector-Wide De-Rating in Speculative Names OKLO shares have led the drop, but they have had plenty of company. NuScale stock is down 23% over the month, and Uranium Energy shares are down 18%, with UEC off 5% today to $9.56. The VanEck Uranium and Nuclear ETF (NYSE ARCA:NLR) is down 16% for the month, a clear signal that the pain is broad rather than a single-name blowup.
NuScale is the closest comp to Oklo as a fellow pre-revenue small modular reactor (SMR) developer. Uranium Energy Corp. sits on the fuel side as a miner. Both share OKLO’s high-beta, headline-driven profile.
Because they lack revenue, Oklo and NuScale carry no meaningful P/E ratio, leaving them heavily exposed to sentiment shifts and long-dated milestone timelines.
Why OKLO Keeps Sliding There’s no single confirmed catalyst behind Thursday’s move. The selloff looks like a continuation of a broader de-rating, with investors citing missed or slipping milestone deadlines, the ongoing wait for reactor criticality and other regulatory checkpoints, zero revenue, stretched valuation, and cited insider selling.
On insider activity, those sales are frequently routine or pre-planned under 10b5-1 programs, and by themselves are not a reliable bearish signal. It’s a sentiment factor for investors to reference, and not necessarily actionable data.
Fundamentally, Oklo remains pre-revenue with a full-year 2024 net loss of $73.62 million and $275.3 million in cash, targeting first commercial power late 2027 to early 2028. Consensus analyst price targets remain elevated at $86.95, even as OKLO stock trades at $41.
Profitable Utilities Tell a Different Story The nuance in today’s action shows up in the utility-sector peers. Constellation Energy (NASDAQ:CEG) shares are down just 2% over the past month, while Vistra (NYSE:VST) stock is up 5% over the same stretch. Both trade on real earnings and long-dated hyperscaler power purchase agreements.
Constellation Energy carries a trailing P/E ratio of 22x, EPS of $11.51, and reaffirmed 2026 adjusted EPS guidance of $11 to $12. Vistra reaffirmed 2026 adjusted EBITDA guidance of $6.8 billion to $7.6 billion and was recently upgraded to investment grade by Fitch.
That divergence points to concentrated pain in pre-revenue reactor developers and uranium miners, while nuclear power more broadly is holding up.
Playing the Theme and What to Watch For investors who want thematic exposure without single-stock risk, the VanEck fund offers a diversified way to play the uranium and nuclear story. NLR shares represent a narrow, sector-concentrated thematic fund, and it isn’t leveraged, but its 16% monthly drop tracks the same dynamic pulling down the speculative names.
The bull case for OKLO remains intact if you believe in nuclear’s growing role powering AI data centers, the customer pipeline anchored by the 12 GW Switch agreement, and the Equinix (NASDAQ:EQIX) $25 million pre-payment. The bear case is straightforward: no revenue, execution risk, high valuation, and extreme volatility.
Community sentiment on Oklo has stayed polarized, with Reddit sentiment scores holding in the 78 to 88 range during the drawdown even as institutional flows rotated out. That sentiment-price disconnect suggests conviction remains strong on one side of the debate.
Investors can watch for Oklo’s next NRC licensing update, further insider filings, and whether the utility bid in CEG and Vistra continues to hold into the close. Position sizes should stay modest on the speculative names, and investors should consider keeping their exposure aligned with their tolerance for milestone risk that stretches into 2027 and 2028.
Uranium Energy (NYSEMKT: UEC) stock eked out a 2.1% gain through 3 p.m. ET Tuesday after RBC Capital analyst Andrew Wong initiated coverage of its rival, Littleton, Colo.-based uranium miner Ur-Energy (NYSEMKT: URG).
There was no other notable news to explain Uranium Energy's move, not even a spike in uranium prices -- which are actually down slightly today.
Image source: Getty Images.
RBC loves Ur-Energy RBC's Wong likes the prospects for nuclear power use in the U.S., and especially likes companies that provide reliable uranium supply to the U.S. As a U.S.-based uranium producer, Ur-Energy fits this bill.
So, too, does Corpus Christi, Tex.-based Uranium Energy.
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What this means for Uranium Energy stock RBC hasn't yet endorsed Uranium Energy stock, but investors may be betting that interest in Ur-Energy could put Uranium Energy on the analyst's radar as well. According to data from S&P Global Market Intelligence, the two companies share similarities -- with Uranium Energy modestly more attractive as an investment.
Both companies generate revenue -- $20 million over the past 12 months for Uranium Energy; $31 million for Ur-Energy. Neither is currently profitable, with Uranium Energy last reporting a profit in 2022 and Ur-Energy in 2018. Both companies are burning cash, but net cash-positive on their balance sheets to absorb the losses, with Uranium Energy possessing significantly more cash than Ur-Energy -- $488 million versus only $2 million in debt.
At its current cash burn rate of about $120 million per year, that gives Uranium Energy four more years to prove it can build a viable business model. And the best news of all?
Most analysts agree Uranium Energy will move much faster than that, turning both profitable and free cash flow-positive next year. Of the two uranium stocks, Uranium Energy seems the safer bet.
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
It has been about a month since the last earnings report for Uranium Energy (UEC - Free Report) . Shares have added about 5.4% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Uranium Energy due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
Uranium Energy Earnings Miss Estimates in Q3 on Higher SpendingUranium Energy reported an adjusted loss of seven cents per share in the third quarter of fiscal 2026, excluding the impacts of non-recurring items, compared with the year-ago quarter’s loss of six cents. The figure was wider than the Zacks Consensus Estimate of a loss of five cents.
Including non-recurring items such as fair value loss on equity securities, the company posted a loss of 11 cents in the quarter.
Uranium Energy's earnings miss largely mirrored a heavier cost structure as the company advanced multiple initiatives at once, from mine development to the buildout of its broader U.S. fuel-cycle ambitions.
Uranium Energy reported no sales in the third quarter of fiscal 2026 as the company did not record any purchased-uranium inventory sales in the period.
During the quarter, the company produced 32,195 pounds of uranium concentrate produced at a total cost of $54.61 per pound, including a cash cost per pound of $46.69.
Uranium Energy stayed focused on building optionality around its uranium inventory and ISR ramp. As of April 30, 2026, the company held 1,456,000 pounds of purchased uranium concentrate inventory.
Operating Spend Pressures ResultsTotal operating costs rose 73.8% year over year to $40.8 million, driven primarily by mineral property expenditure of $29.5 million (up 88.4% from $15.7 million). General and administrative expenses were $9.43 million compared with $6.38 million, while depreciation, amortization and accretion totaled $1.82 million compared with $1.41 million.
As a result, Uranium Energy posted an operating loss of $40.8 million, wider than the $23.5-million operating loss incurred in the year-ago quarter.
Scales ISR Output With Burke Hollow OnlineOperationally, Uranium Energy reached a milestone by commencing production at its Burke Hollow IRS project, a greenfield ISR asset that is moving from development into early production activities.
At Burke Hollow, the company said that the uranium recovery process was initiated with oxygen and carbon dioxide injection, and it commissioned a satellite ion-exchange plant with 2,500 gallons per minute of capacity. It also completed and tested an additional 46 wells in phase 1A as it built out field infrastructure.
The company is also projecting higher production rates in the fiscal fourth quarter, with new header houses and Burke Hollow expected to operate for a full quarter.
Cash Position at Q3 EndUranium Energy exited the quarter with $794 million in liquid assets and no debt, underscoring a balance sheet positioned to fund development across multiple hubs.
Cash and cash equivalents totaled $488 million at April 30, 2026, compared with $149 million at the end of July 31, 2025.
In the first nine months of fiscal 2026, net cash used in operating activities was $90 million compared with an outflow of $41 million in the year-ago quarter.
Management Commentary and OutlookManagement expects production to increase in the fourth quarter of fiscal 2026 as Christensen Ranch header houses and Burke Hollow contribute for the full quarter. Unit costs are expected to decline as volumes.
How Have Estimates Been Moving Since Then?Analysts were quiet during the last two month period as none of them issued any earnings estimate revisions.
VGM ScoresCurrently, Uranium Energy has a poor Growth Score of F, a score with the same score on the momentum front. Following the exact same course, the stock has a score of F on the value side, putting it in the bottom 20% quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook Uranium Energy has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months.
Key Takeaways UEC now has two U.S. ISR platforms operating at Christensen Ranch and Burke Hollow.New header houses and Burke Hollow's first full-quarter contribution are expected to lift output.UEC holds $794M in liquid assets and no debt, but costs and sales timing remain volatile. Uranium Energy Corp. (UEC - Free Report) is moving from uranium optionality toward operational execution. The company now has two U.S. in-situ recovery platforms operating, giving investors a clearer production base.
The setup is still uneven. Liquidity and project depth support the longer-term case, but results may remain choppy while wellfields, approvals and sales timing settle.
How UEC Built a Two-Hub ISR PlatformUEC’s current operating base is anchored by Christensen Ranch in Wyoming and Burke Hollow in South Texas. Christensen Ranch feeds the Irigaray Central Processing Plant, while Burke Hollow is tied to the Hobson Processing Facility.
That hub-and-spoke structure gives UEC licensed processing capacity across two regions. Irigaray is licensed for up to 4 million pounds of uranium annually, and Hobson is licensed to process as much as 4 million pounds per year.
Burke Hollow commenced production on April 8, 2026, after approval from the Texas Commission on Environmental Quality. Christensen Ranch has already produced 276,516 pounds since its August 2024 restart.
Why Uranium Energy Sees More Volume AheadThe near-term production story rests on Christensen Ranch header houses and Burke Hollow’s first full-quarter contribution. Three new header houses in Wellfield 11 began production late in the third quarter of fiscal 2026 after state approval.
One additional header house was complete and awaiting approval, and five more were under construction in Wellfields 12 and the 10-extension. These additions are expected to lift fourth-quarter production as more infrastructure operates.
The third quarter of fiscal 2026 did not yet capture that full benefit. Preconditioning, leaching and precipitation costs were recorded before the related production volume was fully reflected.
UEC Growth Pipeline Extends Beyond Current MinesLudeman, Sweetwater and Roughrider form the next layer of UEC’s growth pipeline. At Ludeman, UEC completed a 240-hole delineation drilling program, while engineering for a satellite ion-exchange plant progressed.
Sweetwater adds scale to the Wyoming opportunity. The project has been designated as a FAST-41 transparency project, and UEC reached a permitting milestone with the Bureau of Land Management’s completeness review of its Plan of Operations for in-situ recovery operations.
At Roughrider, more than 80% of the planned 35,000-meter conversion core drilling program has been completed to support a planned pre-feasibility study. For peer context, Cameco Corporation (CCJ - Free Report) gives investors exposure to a larger uranium fuel-cycle company. Centrus Energy Corp. (LEU - Free Report) is more closely tied to nuclear fuel and enrichment.
Where Uranium Energy Still Faces Execution RiskExecution risk remains the main near-term issue. In the third quarter of fiscal 2026, UEC produced 32,195 pounds at a total cost of $54.61 per pound and a cash cost of $46.69 per pound.
Total cost per pound rose 25% sequentially, driven by lower production from late approvals and higher state taxes. Production-based royalties, ad valorem and severance tax per pound increased to $8.11 from $6.67 in the second quarter of fiscal 2026.
Sales timing also adds volatility. UEC made no sales in the third quarter of fiscal 2026 as management preserved inventory under its 100% unhedged strategy, which can leave quarterly revenues uneven.
The Zacks Consensus Estimate for UEC for fiscal 2026 is currently at a loss of 19 cents per share wider than the loss of 17 cents reported in fiscal 2025. The consensus for fiscal 2027 also suggests a loss of 11 cents per share as shown in the chart below.
Image Source: Zacks Investment Research
Shares of UEC have declined 27.8% in the past three months compared with the industry’s 6.7% fall.
Image Source: Zacks Investment Research
How UEC’s Ratings Fit This Uneven SetupThe bottom line is that UEC has a more tangible operating platform, but the investment case still depends on execution. Liquidity is a support, with $794 million of liquid assets at the end of the third quarter of fiscal 2026, including $488 million in cash and no debt.
UEC currently carries a Zacks Rank #4 (Sell). That rank points to near-term caution, as sales and costs remain sensitive to approvals, wellfield timing and market-driven sales decisions.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The stock’s Zacks Style Scores also lean weak. UEC has a VGM Score of F, with a Value Score of F, Growth Score of F and Momentum Score of D. Since Style Scores complement the Zacks Rank, those marks do not strengthen the near-term setup.
For investors, the contrast is clear. UEC’s inventory, liquidity and project base support a constructive long-term narrative, but the current Rank and Style Scores argue for patience until production stabilizes and estimate trends improve.
Key Takeaways UEC is tying U.S. uranium production to a broader nuclear fuel and critical-minerals strategy.UEC's UR&C is pursuing a U.S. conversion facility, with licensing steps still ahead.UEC's growth hinges on permits, wellfield performance, site selection and construction timing. Uranium Energy Corp. (UEC - Free Report) is increasingly tied to a broader U.S. nuclear fuel and critical-minerals story. The company has moved beyond a simple uranium price trade by pairing domestic in-situ recovery production with a proposed conversion platform.
That strategy gives UEC a place in supply-security discussions. Investors still need to separate the long-term theme from near-term execution.
How UEC Fits the U.S. Fuel Security PushUEC holds what it describes as the largest uranium resource base and most licensed production capacity in the United States. Its Wyoming and South Texas hub-and-spoke in-situ recovery operations total about 12 million pounds of licensed annual capacity.
The operating model matters because multiple mines can feed central processing infrastructure. Christensen Ranch is processed through the Irigaray Central Processing Plant, while Burke Hollow and Palangana feed the Hobson Processing Facility.
Cameco Corporation (CCJ - Free Report) provides a useful industry reference point because it is a large uranium and nuclear fuel supplier with exposure across the global fuel cycle. That makes Cameco a benchmark for assessing how far UEC must still go to turn domestic resources into durable fuel-cycle earnings.
Why Uranium Energy Is Chasing Conversion CapacityUEC’s next strategic layer is United States Uranium Refining & Conversion Corp., or UR&C. The subsidiary is pursuing a new uranium refining and conversion facility in the United States, which would move the company beyond mining and yellowcake production.
UR&C has received a U.S. Nuclear Regulatory Commission docket number for the planned conversion facility. Engineering and design work with Fluor is continuing, and the formal license application is expected after design work is completed and a site is selected.
Management views Western conversion capacity as an acute bottleneck. Centrus Energy Corp. (LEU - Free Report) , which is focused on nuclear fuel and high-assay low-enriched uranium, shows why investors are watching fuel-cycle infrastructure beyond mining.
UEC Growth Trend Depends on Permits and TimingPolicy support does not eliminate the need for approvals, construction and wellfield performance. At Christensen Ranch, three new header houses in Wellfield 11 began production late in the third quarter of fiscal 2026 after state approval, while one more was complete and awaiting approval.
Sweetwater reinforces the same point. The Wyoming project has FAST-41 transparency status, and the Bureau of Land Management completed its completeness review of UEC’s Plan of Operations for in-situ recovery operations.
Those milestones are useful, but timing remains central to the investment case. Site selection, licensing and construction will determine when strategic projects can shift from policy-aligned assets to economic contributors.
The Zacks Consensus Estimate for UEC for fiscal 2026 is currently pegged at a loss of 19 cents per share, wider than the loss of 17 cents reported in fiscal 2025. The consensus for fiscal 2027 also suggests a loss of 11 cents per share, as shown in the chart below.
Image Source: Zacks Investment Research
How Uranium Energy Adds Critical Mineral ExposureUEC’s Alto Paraná project in Paraguay gives the company an adjacent critical-minerals angle through titanium and vanadium. An independent report concluded that the project could contribute to the security and diversification of U.S. supply chains.
The preliminary economic assessment included two development cases. The first showed an net present value (NPV) of $419 million and a 21% post-tax internal rate of return, while the larger-scale case showed an NPV of $1.55 billion and a 25% post-tax internal rate of return.
That optionality broadens UEC’s strategic narrative. It does not replace the core uranium thesis, but it gives investors another asset tied to supply-chain diversification.
What UEC’s Ratings Say About This Trend TradeThe bottom line is that UEC’s thematic reach is expanding faster than its near-term stock signal. The company has licensed U.S. capacity, a conversion initiative and critical-mineral exposure, but investors still need proof that execution can become steadier.
UEC currently carries a Zacks Rank #4 (Sell). That short-term rating points to caution over the next one to three months, particularly while the company is still working through production variability, cost pressure and licensing milestones.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Style Scores reinforce that view. UEC has a VGM Score of F, Value Score of F, Growth Score of F and Momentum Score of D. Since higher Style Scores are generally more favorable, these weak grades suggest a less attractive setup across valuation, growth and price-action factors.
For now, the U.S. nuclear fuel and critical-minerals theme gives UEC a clearer strategic identity. The stock still needs cleaner execution, better momentum and more durable earnings support before that theme translates into a stronger signal.
Key Takeaways Cameco posted 7% Q1 revenue growth and adjusted earnings jumped 194% year over year.Centrus raised 2026 revenue guidance and reported a $3.9 billion backlog extending to 2040.CCJ's 2026 and 2027 earnings outlook outpaces LEU, whose estimates point to declines. Cameco Corp. (CCJ - Free Report) and Centrus Energy (UEC - Free Report) are two prominent names positioned to benefit from the growing global demand for nuclear power.
Cameco is one of the world’s largest uranium producers with an integrated business spanning mining, milling and fuel services. The company owns interests in world-class assets such as McArthur River and Cigar Lake and benefits from established production, long-term contracts and strong operating cash flows. Centrus Energy supplies nuclear fuel and services for the nuclear power industry, and is pioneering the production of High-Assay, Low-Enriched Uranium (HALEU).
As governments increasingly embrace nuclear energy to meet rising electricity demand and decarbonization goals, both companies appear well-placed for long-term growth. In this context, which stock offers better long-term growth prospects, Cameco or Centrus Energy? To make an informed decision, let us analyze their fundamentals, growth potential and key challenges.
The Case for CCJIn the first quarter of 2026, Cameco’s total revenues were up 7% to CAD 845 million ($616 million), reflecting improved performance of the uranium segment, which helped offset lower revenues in Fuel services. Uranium revenues increased 15% to CAD712 million ($520 million) on higher volumes and prices. Fuel Services revenues were down 1% year over year to CAD 134 million ($98 million), with higher volumes being offset by a 17% decline in average realized prices.
Cameco’s adjusted earnings surged 194% year over year to CAD 0.47 (34 cents) per share in the quarter. This was mainly attributed to higher revenues and stronger equity earnings from its 49% interest in Westinghouse Electric Company.
For 2026, CCJ expects its share of uranium production from McArthur River mine/Key Lake and Cigar Lake to range between 19.5 million and 21.5 million pounds compared with 21 million pounds of uranium in 2025. Although flooding in northern Saskatchewan temporarily disrupted operations at the Key Lake mill and McArthur River earlier this year, management has established a reliable flow of critical supplies through a secondary transportation route, restoring operations.
Cameco’s share of uranium from Cigar Lake is currently expected to be 9.5-10 million pounds and McArthur River’s contribution is anticipated at 10.0-11.5 million pounds for 2026. Cameco recently announced plans to increase its stake in Cigar Lake to 57.418%. Following the closure of the deal, which is expected in the third quarter of 2026, the guidance from the mine is expected to be revised subsequently.
Uranium deliveries are targeted at 29-32 million pounds for 2026, below the 33 million pounds delivered in 2025. Uranium revenues are projected at CAD 2.54–2.73 billion for 2026, which implies a 7% year-over-year decline at the midpoint due to lower volumes. The fuel services segment is expected to fare better, with revenues projected at CAD 590-630 million, suggesting a 9% increase from 2025 levels. Cameco’s total revenue guidance for the year is CAD 3.13-3.37 billion, indicating a 7% decline at the midpoint from 2025.
Cameco also benefits from excellent long-term contract visibility. As of March 31, 2026, Cameco had secured contracts requiring average annual uranium deliveries of more than 28 million pounds per year over the next five years. The company also has sale contracts for roughly 83 million kilograms of UF6 conversion to 33 customers.
Cameco is investing to expand production and capture favorable market conditions, including extending Cigar Lake’s mine life to 2036 and ramping up output at McArthur River and Key Lake toward their licensed annual capacity of 25 million pounds (100% basis).
The Case for Centrus EnergyFor the first quarter of 2026, Centrus Energy reported revenue growth of 5% year over year to $76.7 million. Revenues from the Low-Enriched Uranium segment decreased 13% year over year to $44.6 million. Management noted that SWU revenues slid 19% to $41.6 million as the volume of SWU sold fell 47%, partly offset by a 52% jump in the average selling price. Uranium sales added $3 million in the quarter.
The Technical Solutions segment generated revenues of $32.1 million, up 47% from the year-ago quarter. The lift was primarily tied to a $9.8 million increase from the HALEU Operation Contract with the Department of Energy.
Centrus Energy raised its full-year 2026 revenue guidance to a range of $450-$500 million from the prior range of $425-$475 million. As of March 31, 2026, the total company backlog was $3.9 billion, which extends to 2040, providing significant long-term revenue visibility.
The company is pursuing a multi-billion-dollar expansion of its Piketon, OH, facility to increase LEU and HALEU output and support more than $2.4 billion of contingent LEU sales commitments that are under definitive agreements as of March 31, 2026. The company continues to expect total capital deployment of $350-$500 million in 2026, driven by increased investment tied to its industrial buildout.
To improve operational efficiency, Centrus Energy has partnered with Palantir Technologies (PLTR - Free Report) and identified nearly $300 million in potential cost savings tied to its expansion initiatives.
The company is targeting annual HALEU production of 12 metric tons sometime after 2030, with initial production expected before the end of the decade.
Importantly, Centrus Energy remains the only licensed producer of HALEU in the Western world, giving it a unique strategic advantage as demand for advanced reactor fuel grows. Management estimates the HALEU market opportunity could reach $8 billion annually by 2035.
The company recently signed an agreement with Oklo Inc. (OKLO - Free Report) under which Centrus Energy will supply enough HALEU to power up to five Aurora powerhouses for multiple years, with deliveries to Oklo scheduled to begin in 2029. Centrus Energy will supply HALEU from the American Centrifuge Plant in Ohio to support Oklo’s planned 1.2 GW power campus in the region.
How do Estimates Compare for Cameco & Centrus Energy?The Zacks Consensus Estimate for Cameco’s 2026 earnings indicate a year-over-year increase of 17.5%. The estimate for 2027 indicates a year-over-year rise of 58.7%.
The consensus estimate for Centrus Energy’s 2026 earnings is pegged at $2.74 per share, which indicates a year-over-year decline of 29.7%. The estimate for 2027 earnings is pinned at $2.73 per share, indicating a year-over-year dip of 0.14%.
Image Source: Zacks Investment Research
Over the past 90 days, the EPS estimates for Cameco’s fiscal 2026 have moved down, while the estimates for 2027 have moved up. The estimates for Centrus Energy for both fiscal 2026 and fiscal 2027 have moved down in the same timeframe.
Image Source: Zacks Investment Research
CCJ & LEU: Price Performance & ValuationIn the past six months, Cameco stock has appreciated 23% while Centrus Energy shares have declined 18.4%.
Image Source: Zacks Investment Research
Cameco is trading at a forward price-to-earnings multiple of 63.08X. Centrus Energy’s forward sales multiple sits at 62.25X.
Image Source: Zacks Investment Research
ConclusionBoth Centrus Energy and Cameco are poised to thrive as nuclear energy gains global traction. Cameco offers scale, diversification and steady earnings visibility through its integrated fuel cycle and Westinghouse investment. Centrus Energy is uniquely positioned to drive the next phase of nuclear innovation through HALEU production.
Both stocks currently have a Zacks Rank #3 (Hold) each, which makes choosing one a difficult task. From a price performance standpoint and earnings growth projections, Cameco is the more appealing option at the moment, albeit at a slightly higher valuation.
On June 18, 2026, Uranium Energy Corp UEC shares rose 5.2% to $12.01. The stock's performance over the past year has been notable, with a 52-week range of $5.90 to $20.34, indicating significant volatility in the market.
GF Value™ verdict: Current price is $12.01 vs GF Value™ of $2.39, indicating that the stock is 402.5% overvalued.GF Score™ is 44/100, suggesting an average investment quality.Most notable signal: Financial Strength is rated 8/10. Is UEC Overvalued or Undervalued? The current price of Uranium Energy Corp UEC stands at $12.01, which is significantly higher than the GF Value™ of $2.39. This discrepancy suggests that the stock is overvalued by approximately 402.5%. GF Valuation indicates that UEC is significantly overvalued, raising concerns about the potential risks associated with investing at this price level. A high valuation in comparison to intrinsic value can imply a lack of margin of safety for potential investors.
GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. With such a stark contrast between the current market price and the GF Value™, investors should exercise caution, as the likelihood of a price correction is elevated in an overvalued scenario.
How Does UEC's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 990.6x 193.8x Currently, UEC is trading at a forward P/E of 990.6x, substantially above its 5-year median P/E of 193.8x. This analysis indicates that the stock is trading significantly above its historical valuation, which aligns with the GF Value™ verdict of being overvalued. Such a high P/E suggests that market expectations are not only elevated but could also set the stage for potential declines as reality sets in.
What Does UEC's GF Score™ Tell Us? Metric Rating GF Score™ 44/100 Financial Strength 8/10 Profitability 1/10 Growth 0/10 Valuation 1/10 Momentum 6/10 The GF Score™ of 44/100 indicates that UEC has average investment quality based on the five key aspects considered for the score. The strongest area is Financial Strength, rated 8/10, which suggests that the company has a solid balance sheet and financial resilience. Conversely, the weakest areas are Profitability and Growth, both rated 1/10, indicating significant challenges in generating profits and expanding the business. The low Valuation score of 1/10 further emphasizes the overvaluation concern based on current market conditions.
What Are Insiders Doing with UEC Stock? In the last three months, there have been no insider transactions reported for Uranium Energy Corp UEC . The absence of insider activity may suggest a lack of confidence from management about the stock's current valuation or future performance. Generally, insider buying can be seen as a positive signal, while selling may indicate concerns about the company’s prospects. However, the lack of transactions makes it difficult to gauge insider sentiment at this time.
What This Means for Investors Based on the GF Value™ assessment, Uranium Energy Corp UEC appears to be overvalued at its current price of $12.01 compared to the GF Value™ of $2.39. Investors should be cautious given the significant premium over intrinsic value and the potential risks that accompany such high valuations.
For the complete analysis, visit the Uranium Energy Corp UEC stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is UEC's GF Score™?
UEC's GF Score™ is 44/100, which suggests an average investment quality based on its underlying financial metrics and performance indicators.
Is UEC overvalued or undervalued?
UEC is currently overvalued, with a GF Value™ of $2.39 compared to the current price of $12.01, indicating a significant premium.
What is UEC's P/E ratio?
UEC's forward P/E ratio is 990.6x, which is considerably higher than its 5-year median P/E of 193.8x, confirming the company's overvaluation status.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Let's take a look at what these Wall Street heavyweights have to say about Uranium Energy (UEC - Free Report) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
Uranium Energy currently has an average brokerage recommendation (ABR) of 1.44, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by nine brokerage firms. An ABR of 1.44 approximates between Strong Buy and Buy.
Of the nine recommendations that derive the current ABR, seven are Strong Buy, representing 77.8% of all recommendations.
Brokerage Recommendation Trends for UEC
Check price target & stock forecast for Uranium Energy here>>>
While the ABR calls for buying Uranium Energy, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.
Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.
This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.
With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near-term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.
ABR Should Not Be Confused With Zacks RankIn spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.
In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.
Is UEC a Good Investment?Looking at the earnings estimate revisions for Uranium Energy, the Zacks Consensus Estimate for the current year has declined 30.4% over the past month to -$0.19.
Analysts' growing pessimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates lower, could be a legitimate reason for the stock to plunge in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for Uranium Energy. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, it could be wise to take the Buy-equivalent ABR for Uranium Energy with a grain of salt.
Key Takeaways UEC's fiscal Q3 call focused on Burke Hollow's start-up, weak output, higher costs and no revenues.UEC expects new wellfields at Christensen Ranch and Burke Hollow to lift Q4 production and ease costs.UEC held $794M in liquid assets as of April 30 and plans to preserve inventory amid weaker pricing. Uranium Energy Corp. (UEC - Free Report) used its third-quarter call to press a longer-term growth case despite a weak reported quarter. Management’s message centered on new production coming online, a sizable liquidity cushion and a broader push to build a vertically integrated U.S. uranium fuel chain.
The quarter itself was pressured by lower output, higher unit costs and no revenues, producing a miss versus the Zacks Consensus Estimate on both EPS and sales. Even so, executives repeatedly steered investors toward what they see as a stronger fourth quarter and a deeper pipeline of permitted assets.
UEC Puts Burke Hollow at the CenterPresident and CEO Amir Adnani framed Burke Hollow as the quarter’s defining milestone. He said the South Texas project began production on April 8 and called it the largest greenfield in-situ recovery uranium project to enter production in the United States in more than a decade.
Management used that milestone to reinforce a broader scarcity argument. Adnani said Burke Hollow’s 14-year path from discovery to production underscores the strategic value of fully permitted uranium projects and strengthens UEC’s claim that its portfolio gives it a competitive advantage in a market where new domestic supply is hard to bring on.
The presentation added more operating detail, noting that the satellite ion-exchange plant was commissioned and phase 1A wellfield development continued, with additional wells completed and tested. Management said Burke Hollow should contribute to reported production in the fiscal fourth quarter after only a limited impact in the third quarter.
Uranium Energy Says Costs Should EaseThe main operational blemish was cost inflation tied to slower production. During the quarter, UEC produced 32,195 pounds of uranium concentrate at a total cost per pound of $54.61 and a cash cost per pound of $46.69 versus cumulative since-restart costs of $39.30 and $32.40, respectively, across 276,516 pounds.
Adnani and CFO Josephine Man both attributed the higher quarterly unit costs mainly to the timing of regulatory approvals for new header houses and the fixed-cost nature of the business. Their argument was that expenses tied to new production areas were incurred before associated pounds were fully reflected in quarterly output.
That explanation also framed management’s near-term outlook. Executives said new wellfields at Christensen Ranch and Burke Hollow should lift production in the fourth quarter and bring total and cash costs per pound down from third-quarter levels.
UEC Leans on Its Wyoming Build-OutMuch of the call’s forward focus rested on Christensen Ranch and the surrounding Wyoming platform. UEC said it received approval for three additional header houses at the end of March, with five more under construction and another completed header house awaiting approval.
In Q&A, senior vice president of U.S. Operations Brent Berg gave a more detailed look at the ramp. He said production in the third quarter came largely from wellfields 8 and 10, while the new wellfield 11 header houses only began contributing near quarter-end, setting up a more visible increase in the fourth quarter.
Berg also highlighted the company’s operating build-out, saying the Wyoming and Texas workforce grew to 185 employees from 103 a year earlier, with more construction now handled internally rather than by contractors. That response suggested management sees execution capacity, not just resource depth, as part of the next growth phase.
Uranium Energy Expands the Fuel Cycle StoryAnother major theme was U.S. Uranium Refining & Conversion Corp., or URNC. Adnani cast the project as a response to a key Western fuel-cycle bottleneck and a way for UEC to become the only American vertically integrated uranium supplier spanning mining through conversion.
The company said it received a docket number from the Nuclear Regulatory Commission, marking its first licensing milestone, and narrowed candidate locations to a final shortlist after discussions with the Department of Energy. The presentation said a formal license application will follow once engineering work with Fluor is completed and a site is chosen.
Analysts pushed on timing, and Adnani offered more specificity in the Q&A than in prepared remarks. He said the next major conversion study should now be a first-half 2027 event, while stressing that updates on siting, strategic partners, government discussions, and potential utility offtake could come earlier.
UEC Defends the Quarter in Analyst Q&AThe sharpest scrutiny centered on regulatory delays, production cadence and the equity book’s effect on earnings volatility. Asked whether the latest production weakness simply extended prior delays, Adnani said the approvals did come through, but too late in the quarter to help reported output materially.
On the income statement, Man said about $19 million of the quarter’s volatility came from changes in the fair value of equity securities. Management said it may increasingly emphasize adjusted EBITDA to help investors isolate underlying operations as the company develops a more regular sales cadence.
That context mattered because reported third-quarter results were soft. UEC posted an adjusted loss of $0.07 per share, wider than the Zacks Consensus Estimate of a loss of $0.05 by 40%. The company reported no revenues against the consensus estimate of $8.5 million, reflecting a negative surprise of 100%.
Uranium Energy Leaves a Long-Horizon MessageThe closing tone of the call was assertive, not defensive. Adnani repeatedly returned to three points: UEC’s large U.S. resource base, its expanding hub-and-spoke production system, and its debt-free balance sheet.
Liquid assets stood at $794 million on April 30, including $488 million of cash, while uranium inventory totaled about 1.4 million pounds of U3O8, excluding additional in-process material at Irigaray. Management said that the balance sheet supports its unhedged strategy and lets it preserve inventory rather than sell into weaker pricing conditions.
Zacks Signals Point to Weak Near-Term SetupUEC currently carries a Zacks Rank #4 (Sell), which signals weaker near-term earnings estimate revision trends. That matters most in the Zacks framework, even when a stock has some favorable style characteristics. The company has a Value Score of F, Growth Score of F, Momentum Score of B and a VGM Score of F.
A stronger Style Score is most useful when paired with a Zacks Rank #1 (Strong Buy) or 2 (Buy), while stocks rated 4 or 5 (Strong Sell) are not considered attractive buys regardless of Style Score strength. That leaves UEC with limited support from the current score mix, though the Zacks Rank can change as estimate revisions move after the quarter.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Uranium Energy (UEC +3.76%) stock sank this week, ending the period down 12.7% even after seeing significant rebound momentum in Thursday and Friday's sessions. Meanwhile, the S&P 500 and the Nasdaq Composite both ended the week up roughly 0.7%.
On June 9, Uranium Energy published its results for the third quarter of its current fiscal year -- which ended April 30. In addition to the market's negative reaction to the earnings report, the company also saw sell-offs connected to macroeconomic and geopolitical pressures.
Image source: Getty Images.
Investors weren't happy with Uranium Energy's Q3 report In fiscal Q3, Uranium Energy posted a net loss of $0.11 per share -- a performance that came in far worse than the average analyst estimate's call for a loss of $0.03 in the period. The business did not record any sales in the quarter.
Along with the quarterly report, Uranium Energy said that it expected production to increase in the current quarter. Management also said that it expected a Class IV cost study to be completed in the first half of the next calendar year, potentially paving the way for an accelerated commercialization ramp.
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Macroeconomic and geopolitical news also weighed on the stock On Wednesday, the Bureau of Labor Statistics published its Consumer Price Index (CPI) report for May. The report showed overall CPI inflation of 4.2% and core CPI inflation of 2.9%. While the results were roughly in line with economists' forecasts, inflation also accelerated in the month. The inflation news was made more worrying by developments suggesting that the war with Iran was getting ready to ramp back up, but investors got good news on that front later in the week.
Despite some conflict flare-ups, news subsequently emerged that the U.S. and Iran were close to making a peace deal -- and stocks rallied in response. While it looks like the two sides are poised to agree to basic terms to end the conflict, Uranium Energy's pre-revenue status means it could continue to see big swings in conjunction with macroeconomic and geopolitical news.
Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
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Vancouver, BC – TheNewswire - June 1, 2026 – Uranium One Mining Corp. (“Uranium One”) (CSE: UUU | OTC: UUUFF | FWB: SL5) and Copper One Resources Corp. (“Copper One”) (CSE: CEXY | OTC: CEXYF | FWB: YW5) (collectively, the “Companies”) are pleased to announce that, further to the news release dated May 1, 2026, Copper One has completed the acquisition (the “Acquisition”) of a 100% undivided legal and beneficial interest in nine mineral claims known as the Redonda Copper property located northeast of Campbell River in the Vancouver Mining Division of British Columbia (the “Property”) from Uranium One, pursuant to the terms of a property purchase agreement (the “Agreement”) dated April 30, 2026. All mineral titles comprising the Property were transferred to Copper One on May 11, 2026 pursuant to the Acquisition.
Transaction Terms
Pursuant to the terms of the Agreement, Uranium One transferred to Copper One a 100% interest in the Property, free and clear of all encumbrances other than a 3% net smelter return royalty in favour of Homegold Resources Ltd. (“Homegold”) on commencement of commercial production (the “Homegold NSR”) and other permitted encumbrances as set out in the Agreement. As consideration, Copper One paid to Uranium One the sum of C$1,100,000 (the “Consideration Cash”). Copper One has assumed all obligations in respect of the Homegold NSR.
All closing conditions have been satisfied including, without limitation, (a) the payment by Uranium One of its outstanding deferred balance of C$300,000 to Homegold, (b) the delivery by Uranium One of all duly executed instruments of transfer necessary to transfer its interest in the Property to Copper One, including all documents required to initiate a bill of sale process on the Mineral Titles Online system in connection with such transfer, (c) the receipt by each party of all necessary consents and approvals, (d) each party’s representations and warranties in the Agreement being true and correct in all material respects as of the closing date, and (e) each party completing its covenants and obligations as contained in the Agreement.
As David Greenway is a director and officer of both Uranium One and Copper One, the Acquisition is considered a “related party transaction” as this term is defined in Multilateral Instrument 61-101 - Protection of Minority Securityholders in Special Transactions (“MI 61-101”). Uranium One and Copper One have relied on the exemption from valuation requirement and minority approval pursuant to subsections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, as the Consideration Cash does not represent more than 25% of either Uranium One or Copper One’s market capitalization, as determined in accordance with MI 61-101.
About Uranium One Mining Corp.
Uranium One Mining Corp. is a Canadian mineral exploration company focused on the acquisition, exploration, and development of uranium projects and select battery metals assets. The Company is advancing a diversified portfolio of high-potential projects in Canada, Paraguay and Argentina, with a strategic focus on assets positioned to benefit from the increasing global demand for nuclear energy and secure energy supply chains.
The Company’s projects include the Quark Uranium Project, the Yuty Prometeo Uranium Project, and the Nucleon Uranium Project, each of which offers significant exploration upside and potential for resource expansion.
Uranium One Mining Corp. is committed to responsible exploration practices, disciplined capital allocation, and the creation of long-term shareholder value through the systematic advancement of its project portfolio.
About Copper One Resources Corp.
Copper One is focused on identifying, acquiring, and advancing late-stage copper and copper/silver/gold projects to meet the growing global demand for critical metals. This demand is driven by U.S. clean energy and electrification initiatives, including the Inflation Reduction Act of 2022, and similar climate-focused programs worldwide, which require substantial amounts of copper, silver, and gold for electric vehicles, renewable energy infrastructure, and the modernization of clean and affordable energy systems.
Copper One’s flagship asset is the Majuba Hill Copper, Silver, and Gold District, located 156 miles (251 km) from Reno, Nevada. Majuba Hill benefits from a mining-friendly regulatory environment and strong local infrastructure.
With a strengthened technical framework, supportive jurisdiction, and funded exploration program, Copper One is focused on advancing Majuba Hill through systematic drilling and technical evaluation. Copper One remains committed to responsible exploration, technical transparency, and creating long-term shareholder value through discovery-focused exploration.
On Behalf of the Uranium One Mining Corp. Board of Directors:
"Richard Robbins"
Richard Robbins, CFO
On Behalf of the Copper One Resources Corp. Board of Directors:
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Information
This news release may contain certain forward-looking statements and forward-looking information (collectively, “Forward-Looking Statements”) within the meaning of the applicable Canadian and U.S. securities laws. All statements, other than statements of historical fact, included herein are forward-looking statements. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target", “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. Forward-Looking Statements in this news release include, without limitation, statements relating to: the anticipated benefits of the Acquisition to the Companies and their shareholders; Copper One's plans with respect to the Property following the Acquisition; and the Companies’ broader business objectives, exploration plans, and strategic direction. Forward-Looking Statements are based on the reasonable assumptions, estimates, expectations, and opinions of management of the Companies as of the date of this news release, and are necessarily subject to a number of known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements of the Companies to be materially different from those expressed or implied by such Forward-Looking Statements, including but not limited to: risks relating to the mineral exploration industry, including the inherent uncertainty of mineral exploration and development; risks related to the title, ownership, and condition of the mineral claims; fluctuations in commodity prices, including copper or uranium prices; changes in applicable laws, regulations, or government policies in Canada, the United States, or any other relevant jurisdiction; general economic, market, and business conditions; any other risks and uncertainties described from time to time in the Companies’ public disclosure documents filed on SEDAR+ (www.sedarplus.ca). Although the Companies believe that the assumptions underlying the Forward-Looking Statements are reasonable, undue reliance should not be placed on these statements, which apply only as of the date of this news release. The Forward-Looking Statements contained herein are expressly qualified in their entirety by this cautionary note. The Companies do not undertake any obligation to publicly update or revise any Forward-Looking Statements, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.
Readers are cautioned that the foregoing list of risks and uncertainties is not exhaustive. Additional information about these and other risks and uncertainties is available in the Companies’ public disclosure documents filed on SEDAR+ at www.sedarplus.ca.
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, /PRNewswire/ - Uranium Energy Corp (NYSE American: UEC), the ("Company" or "UEC") is pleased to announce that the Company will issue its fiscal 2026 third quarter operating and financial results before the markets open on Tuesday, June 9, 2026.
A conference call will be held at 11:00 a.m. ET (8:00 a.m. PT) on Tuesday, June 9, 2026, to discuss these results. To participate, please use one of the following methods:
Webinar: Click Here
North America (toll-free): 1-877-270-2148
International: 1-412-902-6510
The fiscal 2026 third quarter results presentation will be available on UEC's website at www.uraniumenergy.com and a replay of the event will be available following the presentation.
About Uranium Energy Corp
Uranium Energy Corp is America's largest and fastest growing uranium company. The Company controls the largest uranium resource base and the most licensed production capacity in the United States, totaling approximately 12 million pounds per year across its Wyoming and South Texas platforms. In Canada, the Company controls one of the most extensive land and resource portfolios in the Athabasca Basin, anchored by the Roughrider Project in Saskatchewan. Through its wholly owned subsidiary, United States Uranium Refining & Conversion Corp, UEC is pursuing domestic refining and conversion capabilities to further strengthen the U.S. nuclear fuel supply chain. UEC maintains a 100% unhedged uranium strategy, providing full exposure to uranium market fundamentals. The Company is managed by professionals with decades of experience across uranium exploration, development, production, and fuel cycle infrastructure.
Shares of Uranium Energy (UEC +5.60%) popped on Tuesday, trading 11% higher as of 1 p.m. ET and logging nearly 26% gains in just 10 trading days, as of this writing.
This morning, Uranium Energy announced it will report its next quarterly earnings on June 9. However, it's not the pre-earnings anticipation that sent the uranium stock soaring. The sudden buying frenzy is a direct reaction to an industry development that investors believe could create significant opportunities for the uranium miner.
Image source: Getty Images.
The Urenco deal that sent uranium stocks soaring Uranium Energy has built a strong asset base over the years and recently started the second of its three hub-and-spoke projects. In a hub-and-spoke business model, the company doesn't build a processing mill at every mine site. Instead, it has a centralized hub plant that handles the heavy lifting for several mines, thereby significantly cutting costs.
Uranium Energy now owns roughly 12 million pounds of licensed processing capacity per year, making it one of the largest uranium companies in the U.S. It is also pursuing refining and conversion capabilities, including the conversion of uranium into hexafluoride gas, an essential chemical form used to process and enrich uranium for nuclear fuel.
And, this is where today's development becomes relevant.
Today's Change
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5.60
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0.59
Current Price
$
11.22
Urenco, a global uranium enrichment company owned by the U.K. and Dutch governments and two German utilities, has announced plans to expand capacity by nearly 50% at the only commercial uranium enrichment facility in the U.S. Urenco's order book is growing, compelling it to invest multi-billion dollars on expanding capacity.
Urenco's primary raw material is hexafluoride, which comes from processed uranium ore. Urenco enriches it to make it usable as a fuel for nuclear power reactors.
Long story short, Urenco's massive capacity expansion will create immediate and long-term demand for local uranium miners like Uranium Energy, which explains why the uranium stock jumped today.
What this means for Uranium Energy investors The Urenco expansion comes at a time when industry tailwinds are already blowing firmly in the uranium industry's favor. The U.S. government is aggressively moving to sever its reliance on Russia for uranium imports, finalizing a complete ban on Russian uranium imports by Jan. 1, 2028.
Uranium Energy has been actively preparing its operational hubs in Wyoming and Texas to increase production. The Urenco expansion provides the exact long-term market certainty needed to fast-track those plans.
