Why Energy Fuels Stock Rocketed 20% Higher Today
A presidential push for developing the nuclear industry led to a monster rally in the stock.
The company is a miner of uranium, a crucial fuel used in nuclear power generation.
10 stocks we like better than Energy Fuels ›
Uranium miner Energy Fuels (NYSEMKT: UUUU) received a major boost to its stock on Friday from one of the most powerful market movers lately -- President Donald Trump.
On news that Trump signed a set of executive orders hastening the development of the nuclear energy industry, a clutch of sector stocks rose dramatically. Since uranium is the fuel of choice for nuclear power generation, Energy Fuels stock was swept up in the rally and closed Friday 20% higher. That was miles ahead of the S&P 500 index, which landed in the red with a 0.4% drop.
Demand for power in the U.S. is rising steeply, not least because of the resource-heavy requirements of artificial intelligence (AI). Addressing this need is a priority for the president's administration, as strongly evidenced by his declaring an energy emergency on the first day of his current term in office.
On Friday the president signed four executive orders, which collectively ease regulations on the nuclear industry and support its development. More helpful for Energy Fuels directly, the orders also provide greater scope for uranium mining and enrichment activities.
Trump said of nuclear: "It's a hot industry. It's a brilliant industry."
"You have to do it right," he added.
Energy Fuels is a clear and obvious pick-and-shovel play on Trump's zeal to get the nuclear industry up and running again. There's quite some distance between intent and execution, however, so we'll have to watch for early indications about how this new push for nuclear is going before better judging how beneficial it might be for the company.
Before you buy stock in Energy Fuels, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Energy Fuels wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $640,662!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $814,127!*
Now, it's worth noting Stock Advisor's total average return is 963% — a market-crushing outperformance compared to 168% for the S&P 500. Don't miss out on the latest top 10 list, available when you join .
See the 10 stocks »
*Stock Advisor returns as of May 19, 2025
Eric Volkman 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.
Why Energy Fuels Stock Rocketed 20% Higher Today was originally published by The Motley Fool
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CBS News
31 minutes ago
- CBS News
Success or strike out? A's a boon to some local business, others left waiting for major league momentum
Some West Sacramento businesses are booming, others not so much since A's arrival Some West Sacramento businesses are booming, others not so much since A's arrival Some West Sacramento businesses are booming, others not so much since A's arrival WEST SACRAMENTO – Before the Athletics' three-year relocation to Sutter Health Park, West Sacramento small businesses were pitching big ideas to cash in on the Major League momentum from the first day the move was announced. Now, two months into the season, some call it a success. Some call it a strikeout, still waiting on the business boom they were hoping for. How helpful the team has been for the business depends on who you ask. Drake's: The Barn, basically next-door neighbors with the A's, is hitting it out of the park. "This is very much our A's pre-game pop," said Bia Hoskins, general manager of Drake's, as she gestured to a packed house on Friday night, an hour before first pitch. Things have been busy at Drake's, where big league ball has brought big league business. "We've definitely seen an uptick in that walk-in traffic leading up to A's games. On a home week, we definitely plan ahead," said Hoskins. "We've benefited for sure from the team being here, people wanting a quick bite and drink before they head to the game. It's been really impactful for us and we've really enjoyed it." But other small businesses just blocks from the ballpark are still waiting for their major league moment. "We see a little uptick in business. But nothing, nothing like we anticipated," said Jeff "Fro" Davis, owner of Treehouse Cafe. Treehouse Cafe changed their hours and offerings to welcome an A's crowd. It hasn't materialized like Davis had hoped. "We had a full outside bar, live bands. But it didn't come to fruition like we thought. Right now, on weeknights, I have one cook and a bartender. And that's all we need," Davis said. Davis said he had to scale back the extra staffing he hired, but is still basing his hours around each A's home game. Live music now is limited to the weekend games. "People are barely walking down the street in front of us here. We are not seeing the impact like we thought we would," Davis said. "It depends on the brand. When the Yankees were in town, we were packed. I'm looking forward to the Giants coming to town Fourth of July weekend." About 15 minutes from the stadium in Southport, West Sac Sports Bar and Grill invested in renovations, trying to become a home base for A's fans away from the stadium. Unfortunately, former owner Shawn Mason says it didn't pay off. Mason tells CBS13 he sold his bar to a new owner last week after 11 years in business. He said it's because that expected business boom never came and an A's losing record hasn't helped. What's been a success for some has been a strikeout for others. "But, it is what it is, and we are just lucky to be a part of the scene," Davis said. So far this season, A's attendance has been good, not great. The average for ticketed fans is just over 10,000. But the A's have only put up four sellout crowds, the home opener versus the Chicago Cubs and the entire three-game series versus the New York Yankees. The lowest attended game of the season to date was on Tuesday, June 3, versus the Minnesota Twins, with 8,487 tickets sold.
Yahoo
31 minutes ago
- Yahoo
Nebraska Secretary of State announces re-election
LINCOLN, Neb. (KCAU) — Nebraska Secretary of State Bob Evnen announced his re-election bid in Lincoln. He's served in his role since January of 2019. Evnen says if he's re-elected, he will work to make sure the state has free and fair elections, protect public safety on the Nebraska Board of Pardons, and cut the red tape for businesses. Story continues below Top Story: Local band to be featured on Saturday in the Park Main Stage Lights & Sirens: Part of roof collapses during fire at Dakota City boat dealer Sports: Falcons fly to history! West Sioux boys soccer wins first-ever IHSAA State title with 2-1 OT win against Van Meter Weather: Get the latest weather forecast here Evnen was previously a labor attorney and served on the State Board of Education for eight years. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
32 minutes ago
- Yahoo
Analysts unveil bold forecast for Alphabet stock despite ChatGPT threat
Analysts unveil bold forecast for Alphabet stock despite ChatGPT threat originally appeared on TheStreet. You typed in a question and clicked a few links, and Google could get paid if you landed on an ad. For years, that simple cycle helped turn Google into a trillion-dollar titan. But now, that model is under threat. 💵💰💰💵 AI-powered chatbots like OpenAI's ChatGPT are rapidly changing how people find answers. Instead of browsing through links, users are getting direct summaries on AI. These 'zero-click' searches quietly erode the economics that built the modern internet. The number of users is growing fast. OpenAI CEO Sam Altman said in April that ChatGPT already has 'something like 10% of the world" in terms of users, pegging the number closer to 800 million, Forbes reported. Even Google seems to know it. It's giving AI answers, called AI Overviews, right at the top of the page. "What's changing is not that fewer people are searching the that more and more the answers to Google are being answered right on Google's page. That AI box at the top of Google is now absorbing that content that would have gone to the original content creators," Cloudflare CEO Matthew Prince said in a CNBC interview. Alphabet () , Google's parent company, isn't showing any cracks just yet. In April, the company posted first-quarter revenue of $90.23 billion, topping Wall Street expectations. Earnings per share came in at $2.81, far above the forecasted $ the backbone of Google's business, brought in $66.89 billion, accounting for nearly three-quarters of total revenue. Its 'Search and other' segment rose almost 10% year over year, hitting $50.7 billion. Meanwhile, Google's own AI tools are starting to show traction. AI Overviews now has 1.5 billion users per month, up from 1 billion in October, the company said. So far, the numbers suggest that AI isn't cannibalizing Google's business yet. Bank of America remains bullish on Alphabet stock. The firm reiterated a buy rating and a price target of $200, which implies a potential 15% upside from current levels, according to a recent research report. The firm said in May, Google's global average daily web visits held steady at 2.7 billion, unchanged from the previous month and down 2% from a year earlier. ChatGPT, meanwhile, saw a 3% month-over-month increase to 182 million, marking a 105% jump the U.S., Google traffic slipped 2% year-over-year to 524 million daily visits, while ChatGPT surged 112% over the same period to 26 million. Although Google has highlighted the growing reach of its AI Overviews, analysts are uncertain whether it's translating into more traffic. 'So far, we are not seeing a lift in Google traffic from AI Overviews expansion, though we think the search experience is much improved,' the analysts wrote. The competition is real. Google's global search share also edged down in May, falling 8 basis points month-over-month and 123 basis points year-over-year to 89.6%, according to Statcounter. Still, Bank of America analysts remain optimistic on Alphabet stock. "While ChatGPT's traffic continues to grow rapidly, we think Google remains well-positioned given its scale, multi-product reach, data assets, and robust monetization infrastructure," the analysts said. "AI can expand overall search monetization by better understanding the intent behind complex and long-tail queries that were previously hard to monetize," they added. Morningstar's Malik Ahmed Khan echoed that sentiment, saying Alphabet's diverse revenue streams and global exposure should cushion any hits, even as regulatory and AI risks mount, according to a May research report. Alphabet stock closed at $174.92 on June 6. The stock is down 8% unveil bold forecast for Alphabet stock despite ChatGPT threat first appeared on TheStreet on Jun 6, 2025 This story was originally reported by TheStreet on Jun 6, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
