#3 - Energy Fuels (NYSE:UUUU)
The thesis for buying Energy Fuels, Inc. (NYSEAMERICAN:UUUU) to your portfolio is the company’s focus on U.S. production. In fact, the company is the country’s leading producer of uranium along with other rare earth elements that will be needed to power a clean energy future.
If you’re thinking this might draw the attention of the U.S. government, you’d be correct. In fact, in January 2023, Energy Fuels sold 200,000 pounds of its domestically-produced uranium to the government for use in its strategic uranium reserve for $18.5 million of total proceeds.
As of this writing, UUUU stock was trading at $5.52 - just above penny stock range for most investors. And according to Energy Fuels analyst ratings, the stock has an upside of 106%.
This is a company that is not yet profitable and short interest of over 12% is something that investors should make note of. However, the stock continues to draw at least modest attention from institutional investors. While the overall percentage of 38% is not particularly impressive, buying has outpaced selling in eight of the last nine quarters ending in the fourth quarter of 2022.
About Energy Fuels
Energy Fuels Inc, together with its subsidiaries, engages in the extraction, recovery, recycling, exploration, permitting, evaluation, and sale of uranium mineral properties in the United States. The company produces and sells vanadium pentoxide, rare earth elements, and heavy mineral sands, such as ilmenite, rutile, zircon, and monazite.
Read More - Current Price
- $7.08
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 2 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $8.50 (20.1% Upside)
