Latest news with #EnergyFuels
Globe and Mail
03-06-2025
- Business
- Globe and Mail
Why Energy Fuels Rocketed Higher Today
Shares of uranium and rare earths miner Energy Fuels (NYSEMKT: UUUU) rallied 13.8% on Tuesday. Energy Fuels had multiple news items boosting sentiment today. First, the company announced record monthly uranium production from one of its operational mines in May. Second, Meta Platforms (NASDAQ: META) signed a 20-year nuclear agreement with Constellation Energ y (NASDAQ: CEG) to power its AI data centers, lifting sentiment for future uranium demand. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » Together, these items fueled a double-digit move in the stock. Energy Fuels' biggest month ever Energy Fuels announced another record month of production from the company's Pinyon Plain mine in Arizona, with nearly 260,000 pounds of uranium oxide produced in May. In addition, Energy Fuels also announced an increase to the in-ground uranium resources for its Bullfrog Project in Utah. Finally, the company noted it is advancing permits for two more projects in New Mexico and Arizona. In addition to these production mines, where production appears to be growing smoothly, Energy Fuels owns the White Mesa mill, which is the only operational uranium mining processing facility in the U.S. In addition, Meta Platforms announced a 20-year nuclear energy deal with Constellation today. The Meta-Constellation announcement lifted a lot of AI technology and nuclear stocks alike, so that probably played a strong role in Energy Fuels' rise. When combined with its unique processing asset as well as strong execution, at least in the recent month, it's no wonder the stock rallied today. Where do uranium prices go from here? While this all seems incredibly bullish, investors also need to consider other factors, such as supply and demand dynamics. For instance, the company actually elected to cut back on a lot of uranium deliveries last quarter as the price of uranium had fallen, resulting in lower revenue and an operating loss in the first quarter. Mining companies can be difficult investments due to high fixed costs and volatile prices for the end product. However, management withheld uranium sales on the belief uranium prices would rise a lot in the future, and today's twin announcements did seem to indicate management may be right. Should you invest $1,000 in Energy Fuels right now? Before you buy stock in Energy Fuels, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks 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 $657,385!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $842,015!* Now, it's worth noting Stock Advisor 's total average return is987% — a market-crushing outperformance compared to171%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 2, 2025
Yahoo
03-06-2025
- Business
- Yahoo
Why Energy Fuels Rocketed Higher Today
Today, Meta Platforms announced a long-term nuclear deal with Constellation Energy. Energy Fuels also announced it had a record month of uranium production in May. Nuclear is increasingly seen as a solution to help fuel power-hungry AI data centers. 10 stocks we like better than Energy Fuels › Shares of uranium and rare earths miner Energy Fuels (NYSEMKT: UUUU) rallied 13.8% on Tuesday. Energy Fuels had multiple news items boosting sentiment today. First, the company announced record monthly uranium production from one of its operational mines in May. Second, Meta Platforms (NASDAQ: META) signed a 20-year nuclear agreement with Constellation Energy (NASDAQ: CEG) to power its AI data centers, lifting sentiment for future uranium demand. Together, these items fueled a double-digit move in the stock. Energy Fuels announced another record month of production from the company's Pinyon Plain mine in Arizona, with nearly 260,000 pounds of uranium oxide produced in May. In addition, Energy Fuels also announced an increase to the in-ground uranium resources for its Bullfrog Project in Utah. Finally, the company noted it is advancing permits for two more projects in New Mexico and Arizona. In addition to these production mines, where production appears to be growing smoothly, Energy Fuels owns the White Mesa mill, which is the only operational uranium mining processing facility in the U.S. In addition, Meta Platforms announced a 20-year nuclear energy deal with Constellation today. The Meta-Constellation announcement lifted a lot of AI technology and nuclear stocks alike, so that probably played a strong role in Energy Fuels' rise. When combined with its unique processing asset as well as strong execution, at least in the recent month, it's no wonder the stock rallied today. While this all seems incredibly bullish, investors also need to consider other factors, such as supply and demand dynamics. For instance, the company actually elected to cut back on a lot of uranium deliveries last quarter as the price of uranium had fallen, resulting in lower revenue and an operating loss in the first quarter. Mining companies can be difficult investments due to high fixed costs and volatile prices for the end product. However, management withheld uranium sales on the belief uranium prices would rise a lot in the future, and today's twin announcements did seem to indicate management may be right. 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 $657,385!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $842,015!* Now, it's worth noting Stock Advisor's total average return is 987% — a market-crushing outperformance compared to 171% 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 June 2, 2025 Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Billy Duberstein and/or his clients have positions in Meta Platforms. The Motley Fool has positions in and recommends Constellation Energy and Meta Platforms. The Motley Fool has a disclosure policy. Why Energy Fuels Rocketed Higher Today was originally published by The Motley Fool 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
Yahoo
27-05-2025
- Business
- Yahoo
Trump's nuclear energy orders would boost uranium prices, investments, experts say
By Mrinalika Roy (Reuters) -President Donald Trump's latest orders seeking to revitalize the U.S. nuclear energy industry could pull the uranium market out of its current lull and boost investor interest, industry experts said. Spot uranium prices have fallen about 30% from peaks hit in 2023 as institutional investors pulled out, spooked by recession fears and geopolitical instability. The prices briefly declined to $64.30 per pound this year after they touched a 14-year high of $82 in February last year amid a global clean energy push and expectations of tight supply. But the latest executive orders, signed on Friday, could reinvigorate uranium production in the U.S. to help meet surging power demand, industry insiders said. The demand surge is primarily driven by data centers that require massive energy to power the AI boom, and nuclear energy is an attractive option for Big tech firms such as Amazon, Google, Microsoft and Meta given its reliability and near-zero carbon footprint. Nuclear projects, however, have been facing rising costs and competition from natural gas plants. Vogtle, the last U.S. reactor to come online, was $16 billion over budget and delayed by several years. Curtis Moore, senior vice president at Energy Fuels, said the current weakness in uranium has made it difficult to advance new domestic projects, given a lack of investor interest - a sentiment echoed by other firms in the sector. Stocks of Major uranium-linked companies Energy Fuels, Uranium Energy Corp and Encore Energy plunged 13%, 23% and 53%, respectively, this year. Their shares rose between 17% and 23% on Friday after the orders were signed. "(The orders) will provide further confidence that the Federal funds already earmarked to support the domestic nuclear fuel supply chain (will) get deployed quickly which in turn should attract more private investment," said Nick Amicucci of Evercore ISI. Analysts see further upside, with incentive prices for new uranium production estimated above $100/lb. "Even before the AI boom and SMR (Small Modular Reactors) hype, the uranium outlook was strong," said Robert Crayfourd from Geiger Counter. Spot uranium prices are currently around $70/lb, with term contracts trending around $80/lb. "(The decision) paves the way for renewed contracting and long-term supply confidence," said Marco Mencini, head of research, Plenisfer Investments. Currently, U.S. utilities hold less than two years of inventory, with contracting down 40% in 2024. The executive orders include a directive for fast-tracking licenses for new reactors, which would in turn boost contracting by utilities. "This is essentially a wartime defense measure," said Justus Parmar of Fortuna Investments. "We produce only 1 million pounds of uranium annually against a consumption of 50 million pounds. Nuclear energy is no longer optional - it's essential." Industry insiders expect the policy to accelerate deployment of small modular reactors, encourage capital inflows and support reactor life extensions. Travis McPherson of NexGen Energy forecasts "a mad rush to secure uranium sources." "It will be like musical chairs where many will be left standing without a chair." Sign in to access your portfolio
Yahoo
27-05-2025
- Business
- Yahoo
Trump's nuclear energy orders would boost uranium prices, investments, experts say
By Mrinalika Roy (Reuters) -President Donald Trump's latest orders seeking to revitalize the U.S. nuclear energy industry could pull the uranium market out of its current lull and boost investor interest, industry experts said. Spot uranium prices have fallen about 30% from peaks hit in 2023 as institutional investors pulled out, spooked by recession fears and geopolitical instability. The prices briefly declined to $64.30 per pound this year after they touched a 14-year high of $82 in February last year amid a global clean energy push and expectations of tight supply. But the latest executive orders, signed on Friday, could reinvigorate uranium production in the U.S. to help meet surging power demand, industry insiders said. The demand surge is primarily driven by data centers that require massive energy to power the AI boom, and nuclear energy is an attractive option for Big tech firms such as Amazon, Google, Microsoft and Meta given its reliability and near-zero carbon footprint. Nuclear projects, however, have been facing rising costs and competition from natural gas plants. Vogtle, the last U.S. reactor to come online, was $16 billion over budget and delayed by several years. Curtis Moore, senior vice president at Energy Fuels, said the current weakness in uranium has made it difficult to advance new domestic projects, given a lack of investor interest - a sentiment echoed by other firms in the sector. Stocks of Major uranium-linked companies Energy Fuels, Uranium Energy Corp and Encore Energy plunged 13%, 23% and 53%, respectively, this year. Their shares rose between 17% and 23% on Friday after the orders were signed. "(The orders) will provide further confidence that the Federal funds already earmarked to support the domestic nuclear fuel supply chain (will) get deployed quickly which in turn should attract more private investment," said Nick Amicucci of Evercore ISI. Analysts see further upside, with incentive prices for new uranium production estimated above $100/lb. "Even before the AI boom and SMR (Small Modular Reactors) hype, the uranium outlook was strong," said Robert Crayfourd from Geiger Counter. Spot uranium prices are currently around $70/lb, with term contracts trending around $80/lb. "(The decision) paves the way for renewed contracting and long-term supply confidence," said Marco Mencini, head of research, Plenisfer Investments. Currently, U.S. utilities hold less than two years of inventory, with contracting down 40% in 2024. The executive orders include a directive for fast-tracking licenses for new reactors, which would in turn boost contracting by utilities. "This is essentially a wartime defense measure," said Justus Parmar of Fortuna Investments. "We produce only 1 million pounds of uranium annually against a consumption of 50 million pounds. Nuclear energy is no longer optional - it's essential." Industry insiders expect the policy to accelerate deployment of small modular reactors, encourage capital inflows and support reactor life extensions. Travis McPherson of NexGen Energy forecasts "a mad rush to secure uranium sources." "It will be like musical chairs where many will be left standing without a chair."
Reuters
27-05-2025
- Business
- Reuters
Trump's nuclear energy orders would boost uranium prices, investments, experts say
May 27 (Reuters) - President Donald Trump's latest orders seeking to revitalize the U.S. nuclear energy industry could pull the uranium market out of its current lull and boost investor interest, industry experts said. Spot uranium prices have fallen about 30% from peaks hit in 2023 as institutional investors pulled out, spooked by recession fears and geopolitical instability. The prices briefly declined to $64.30 per pound this year after they touched a 14-year high of $82 in February last year amid a global clean energy push and expectations of tight supply. But the latest executive orders, signed on Friday, could reinvigorate uranium production in the U.S. to help meet surging power demand, industry insiders said. The demand surge is primarily driven by data centers that require massive energy to power the AI boom, and nuclear energy is an attractive option for Big tech firms such as Amazon, Google, Microsoft and Meta given its reliability and near-zero carbon footprint. Nuclear projects, however, have been facing rising costs and competition from natural gas plants. Vogtle, the last U.S. reactor to come online, was $16 billion over budget and delayed by several years. Curtis Moore, senior vice president at Energy Fuels, said the current weakness in uranium has made it difficult to advance new domestic projects, given a lack of investor interest - a sentiment echoed by other firms in the sector. Stocks of Major uranium-linked companies Energy Fuels (UUUU.A), opens new tab, Uranium Energy Corp (UEC.A), opens new tab and Encore Energy (EU.O), opens new tab plunged 13%, 23% and 53%, respectively, this year. Their shares rose between 17% and 23% on Friday after the orders were signed. "(The orders) will provide further confidence that the Federal funds already earmarked to support the domestic nuclear fuel supply chain (will) get deployed quickly which in turn should attract more private investment," said Nick Amicucci of Evercore ISI. Analysts see further upside, with incentive prices for new uranium production estimated above $100/lb. "Even before the AI boom and SMR (Small Modular Reactors) hype, the uranium outlook was strong," said Robert Crayfourd from Geiger Counter. Spot uranium prices are currently around $70/lb, with term contracts trending around $80/lb. "(The decision) paves the way for renewed contracting and long-term supply confidence," said Marco Mencini, head of research, Plenisfer Investments. Currently, U.S. utilities hold less than two years of inventory, with contracting down 40% in 2024. The executive orders include a directive for fast-tracking licenses for new reactors, which would in turn boost contracting by utilities. "This is essentially a wartime defense measure," said Justus Parmar of Fortuna Investments. "We produce only 1 million pounds of uranium annually against a consumption of 50 million pounds. Nuclear energy is no longer optional - it's essential." Industry insiders expect the policy to accelerate deployment of small modular reactors, encourage capital inflows and support reactor life extensions. Travis McPherson of NexGen Energy forecasts "a mad rush to secure uranium sources." "It will be like musical chairs where many will be left standing without a chair."
