According to analysts, one of the best uranium strains to invest in
Recently I published a list According to analysts, 12 best uranium stocks to invest in. In this article, we look at where Energy Fuels Inc. (NYSEAMERICAN: UUUU) invests against other uranium stocks.
Nuclear power has made a prominent comeback. Over 20 countries have pledged three times more nuclear energy by 2050 at the COP28 summit. Nuclear power is considered important to reduce emissions, and for various motivations, it has gained support from both environmental advocates and US national security interests. Large tech companies are also involved as they are looking for more energy to strengthen their large data centers.
Uranium is currently classified as a fuel mineral and therefore is not classified as a “critical mineral” by the USGS. But President Trump is pushing for inclusion on the list, which will gather federal support and speed up project approval. This seems like a wise play on the part of Trump as demand for uranium is rising and the US is almost entirely dependent on imports. Uranium prices were at a 16 high in 2023, but are slightly soaked, but remained higher than any point since Fukushima in 2011.
In December 2024, John Ciampaglia, CEO of Sprott Asset Management, told CNBC that the uranium industry has been on life support in Fukushima for almost 10 years, and better supply discipline is needed in the market. Uranium producers need to ensure that future supply matches demand. He noted that three factors support the industry. First, increasing electrification in China, India and other developing countries, and second, energy security and decarbonization focus on nuclear fuels as energy sources, with a third high-tech company currently investing in the development of small modular reactors. He also commented on the spots and market prices of uranium. He believes that uranium prices need to be increased to encourage chemical producers and miners to increase production and build new mines. This will be essential to developing uranium as a reliable electricity fuel in the coming decades.
The current shortages in record time nuclear production in 2025, rising long-term prices, and forecasts all point to a positive future. With that industry outlook in mind, analysts say look at the best uranium stocks.
Miners working in the mines are looking for uranium and vanadium.
In this article, we search for trusted websites and compiled an extensive list of listed uranium stocks in the United States. We then manually searched for the average upward possibility for each stock and selected the highest 12 stocks. The list below is ranked in the order of promotions as of April 19th. He also mentioned hedge fund sentiment as of the fourth quarter of 2024.