Energy Fuels

UUUU · NYSE American

$8.21+$0.05 (+0.61%)TodayMarket closed · Oct 20, 8:00 PM ET

Prev close $8.16

UUUU analyst rating

BuyConsensus of 6 analysts over the last 12 months. 83% rate it a buy.

Strong buy0
Buy5
Hold1
Underperform0
Sell0

12-month price target · 7 analysts

Average $23.51 (+186.4% upside)

Low: $16.16
Now: $8.21
High: $30.71

Upgrades and downgrades

The latest rating actions, newest first

UUUU analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
HC Wainwright & Co.	Sep 1, 2026	Maintains	Buy	$29.00 → $29.25	24%
BMO Capital	Aug 14, 2026	Initiates	Outperform	$18.00	0%
B. Riley Securities	Aug 10, 2026	Maintains	Buy	$27.00 → $25.00	33%
HC Wainwright & Co.	Jun 22, 2026	Maintains	Buy	$29.00	24%
Goldman Sachs	Jun 12, 2026	Maintains	Buy	$29.00 → $21.00	46%
HC Wainwright & Co.	May 8, 2026	Maintains	Buy	$27.25 → $29.00	24%
HC Wainwright & Co.	Feb 27, 2026	Maintains	Buy	$26.75 → $27.25	24%
Goldman Sachs	Feb 11, 2026	Initiates	Buy	$30.00	46%
Roth Capital	Jan 28, 2026	Upgrade	Sell → Neutral	$13.00 → $15.50	44%
B. Riley Securities	Jan 20, 2026	Maintains	Buy	$22.00 → $27.00	37%

The case for and against

Updated Oct 14, 2026

Bull case

Energy Fuels is supported by a stronger, more diversified earnings base as 1Q26 revenue rose to $35.8M from $16.9M in 1Q25, the net loss narrowed to $11.0M from $26.3M, and operating cash flow improved to $8.3M. Its uranium business remains a core profit engine, with Pinyon Plain producing at roughly $23/lb costs, planned output of 1.5–2.5M lbs during the year, and spot uranium pricing above longer-term contract realizations. The ASM acquisition, combined with White Mesa, Donald, and Vara Mada, creates a vertically integrated mine-to-magnet platform that should protect margins, reduce feedstock risk, and improve long-term cash flow visibility.

Bear case

Energy Fuels is exposed to significant regulatory and legislative risk, as its highly regulated uranium business depends on permits, environmental compliance, and stable interpretations of existing laws that could materially impair long-lived assets. Operational risk is also elevated because uranium mining is technically complex and can suffer production shortfalls or higher unit costs, which would pressure margins and make earnings less reliable for a commodity producer. Cost visibility is weak, with unpredictable raw material, chemical, and labor expenses vulnerable to inflationary pressure, creating a setup where the company could miss cost estimates and earnings expectations.

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