Uranium Energy Corp., together with its subsidiaries, engages in exploration, pre-extraction, extraction, and processing uranium and titanium concentrates in the United States, Canada, and Paraguay. It owns interests in the Palangana mine, Goliad, Burke Hollow, Longhorn, and Salvo projects located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Dalton Pass and C de Baca project located in New Mexico; Roughrider, Shea Creek, Christie Lake, Horseshoe-Raven, Hidden Bay, Diabase, West Bear, JCU, and other project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay. The company was formerly known as Carlin Gold Inc. and changed its name to Uranium Energy Corp. in January 2005. Uranium Energy Corp. was incorporated in 2003 and is headquartered in Corpus Christi, Texas.

Uranium Energy Corp.

Сильный индекс, значительно упал. Быки в растерянности.

Strong index, significantly down. The bulls are confused.

Средний индекс, значительно вырос. Рынок на стороне быков.

Medium index, significantly up. The market is on the bulls' side.

Слабый индекс, незначительно вырос. Приток средств в лонги остается на невысоком уровне.

Weak index, slightly up. The inflow of funds into longs remains at a low level.

Key Points
Nuclear energy is experiencing a global revival, driven by energy security, decarbonization efforts, and soaring electricity demand.
Uranium supplies are struggling to keep pace as inventories shrink and utilities compete to secure long-term fuel contracts.
Uranium prices could remain near $100 per pound, benefiting producers such as Cameco and Uranium Energy.
The nuclear revival is gaining momentum. Governments worldwide are turning to nuclear energy to strengthen energy security. Meanwhile, hyperscalers need reliable, around-the-clock power to support surging electricity demand. Nuclear energy stands out for its emission-free, 24/7 baseload power, unlike intermittent renewables.
That combination is strengthening the outlook for nuclear energy and its essential fuel, benefiting uranium miners like Cameco (NYSE: CCJ) and Uranium Energy (NYSEMKT: UEC). With spot prices near $90 per pound and approaching historic highs, investors are asking a crucial question: Where does uranium go from here? Here's what I predict will happen to uranium next.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
New nuclear reactors are coming online at a rapid rate
In the mid-2000s, nuclear energy was enjoying a resurgence. However, economic shifts, project delays, and the 2011 Fukushima disaster derailed this momentum and delivered a final blow to the industry for a decade.
However, things have shifted recently. At COP28 in 2023, over 20 nations, including the U.S., U.K., Japan, Canada, South Korea, and France, pledged to triple global nuclear energy capacity by 2050. The driving force behind this pledge was net-zero carbon-emission goals, which would be nearly impossible without nuclear energy.
China is leading the charge, with 38 commercial reactors under construction. The country aims to approve 10 to 15 gigawatts (GW) of new capacity annually and hopes to surpass the U.S. in nuclear generation by the end of the decade. In Japan, reactor restarts are working through regulatory approval. Meanwhile, in the U.S., power purchase agreements are bringing decommissioned plants, such as Three Mile Island Unit 1 and Palisades, back online.
In addition, President Donald Trump's administration wants to quadruple nuclear energy capacity by 2050. As part of this, policymakers want to have 10 new large-scale commercial nuclear reactors under construction by 2030. The Department of Energy is also fast-tracking testing of advanced nuclear reactors through its Reactor Pilot Program.
Uranium faces structural shortages as demand surges
Nuclear fuel procurement differs from oil and gas. Nuclear fuel accounts for no more than 10% of a plant's operating expense, so utility fuel buyers are price-insensitive and lock in long-term supplies. After Fukushima, utilities could secure cheap secondary supplies and rely on the spot market for uranium. However, buyers are now looking to secure fuel commitments for the next decade.
Uranium markets are reaching an inflection point. Inventories have dwindled, so buyers must rely on the primary mine supply. The market is facing bottlenecks. For example, in Kazakhstan, which accounts for 40% of global output, in situ recovery (ISR) mining operations have been hampered by shortages of sulfuric acid.
On top of that, energy demand is booming. Rising artificial intelligence (AI) workloads and growing data center infrastructure are driving incredibly strong demand for power. Total data center power consumption is projected to double by 2030, while total U.S. electricity demand is estimated to expand 25% by 2030.
Technology companies are making deals left and right to secure energy. Constellation Energy (NASDAQ: CEG), which owns and operates the largest nuclear energy fleet in the U.S., has signed long-term power purchase agreements with Alphabet, Amazon, Microsoft, and Walmart.
As part of this, Constellation, Vistra, and other power providers are using power uprates to extend the life of their nuclear plants and bring decommissioned plants back online.
What's next for uranium prices
Uranium prices are around $90 per pound, but supplies are likely to remain tight over the next decade. Utilities face a widening uncommitted supply gap, with cumulative uncommitted uranium requirements estimated to exceed 800 million pounds of triuranium octoxide, also called yellowcake, through 2035.
Spot uranium prices will likely remain elevated around $100 per pound for the next few years, as demand surges amid the deficit, with some experts arguing this is necessary to justify the investments needed to finance the next generation of underground and open-pit mines. Bank of America projects uranium could jump to $130 per pound by next year, a nearly 44% increase over today's spot price.
Global energy demand is growing, and nuclear energy is poised to play a crucial role in filling those gaps, benefiting uranium miners. Cameco uses long-term contracts and has agreements to deliver 28 million pounds of yellowcake annually over the next five years. Meanwhile, Uranium Energy is completely unhedged, giving investors exposure to rising spot prices but also adding volatility if spot prices decline meaningfully.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again
In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. If you’d invested $5,000 then, you’d be sitting on $2,885,382 today.*
Now, for the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. It’s a key player in the $1.8 trillion space race, and with the stock recently sitting 20% off its highs, the window to get in early is closing fast.
*Stock Advisor returns as of October 22, 2026.
Courtney Carlsen has positions in Alphabet, Cameco, Constellation Energy, Microsoft, and Vistra. The Motley Fool has positions in and recommends Alphabet, Amazon, Cameco, Constellation Energy, Microsoft, Vistra, and Walmart. The Motley Fool has a disclosure policy.

Uranium Is Near $90 a Pound. Here's My Prediction for What's Ahead for the Fuel.

Key Points
The world is embracing nuclear energy, and these tailwinds should benefit uranium miners Cameco and Uranium Energy.
Cameco has a massive uranium mining business and exposure to other parts of the nuclear value chain.
Uranium Energy operates primarily in the U.S. and sells its uranium unhedged, providing upside if uranium spot prices remain high.
As energy demand grows, the global perspective on nuclear energy has shifted. Worldwide, countries are committing to tripling their nuclear energy capacity by 2050, creating powerful tailwinds over the next decade and beyond for uranium miners like Uranium Energy (NYSEMKT: UEC) and Cameco (NYSE: CCJ).
Both companies benefit from growing uranium demand, but each has a different risk profile that investors should understand. If I had to pick one stock for the next decade, Cameco gets the slight edge. Here's why.
Missed AI’s "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our analysts, we’re only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
Cameco and Uranium Energy are efficient uranium miners
Cameco is one of the world's largest uranium miners and the largest in North America. What sets it apart is its investment in high-grade uranium deposits at McArthur River/Key Lake and Cigar Lake, both in Saskatchewan, Canada. These deposits have low production costs of roughly $21.72 and $23.94 per pound of uranium extracted and processed, respectively, among the lowest for conventional mines worldwide.
In comparison, Uranium Energy relies heavily on in-situ recovery (ISR). Using ISR, Uranium Energy pumps oxygenated water into underground sandstone aquifers to dissolve uranium, then pumps the uranium-rich liquid back to the surface.
Unlike conventional underground or open-pit mines, ISR is less disruptive to the environment and has significantly lower reclamation costs. In the third quarter, Uranium Energy produced 32,195 lbs of concentrate at a total cash cost of $46.69 per pound. Since commissioning, its cumulative average cash cost per pound is around $32.40.
Cameco's integrated business provides more exposure to the nuclear industry
One stark difference between Cameco and Uranium Energy is their business models and exposure to the nuclear value chain. Cameco is a massive miner, but it also has exposure across nuclear fuel and nuclear equipment sales.
Cameco operates the world's largest commercial uranium refinery in Ontario. Cameco also owns 49% of Westinghouse Electric, one of the world's largest nuclear reactor developers, which plans to go public soon. Westinghouse develops the AP1000 reactor, and the U.S. intends to have at least 10 of these under construction by 2030.
Uranium Energy doesn't have similar investments across the value chain. Instead, it is focused on mining projects in the U.S. and Canada. For Uranium Energy investors, its U.S. footprint could prove a competitive advantage as policymakers move aggressively to reshore the domestic nuclear fuel supply chain and eliminate reliance on adversarial foreign suppliers.
With fully licensed, producing In-Situ Recovery (ISR) processing hubs in Wyoming and South Texas, Uranium Energy is one of the few domestic players that can sell "made in the USA" yellowcake to intermediaries.
Which uranium mining stock is right for you?
Uranium Energy is a higher-risk uranium miner stock because it sells unhedged uranium, giving it greater upside if uranium spot prices continue to climb higher. This, along with its U.S. assets, makes Uranium Energy a stock for aggressive investors who are bullish on uranium's long-term outlook.
Cameco is a more stable investment. That's because its long-term contracts lock in revenue for years to come and offer greater stability than Uranium Energy's if spot market prices fall. Cameco also has exposure across the nuclear value chain, which is why I think it's the better stock over the next decade for investors seeking exposure to the nuclear industry's growing tailwinds.
Should you buy stock in Cameco right now?
Before you buy stock in Cameco, 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 Cameco 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 $387,158!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,365,749!*
Now, it’s worth noting Stock Advisor’s total average return is 932% — a market-crushing outperformance compared to 211% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of September 20, 2026.
Courtney Carlsen has positions in Cameco. The Motley Fool has positions in and recommends Cameco. The Motley Fool has a disclosure policy.

Uranium Energy vs. Cameco: If I Could Only Own 1 Uranium Stock for the Next Decade, I'd Buy This 1

Key Points
Constellation is turning today's growing power demands into binding agreements that last for decades.
Uranium Energy could benefit as utilities seek more domestically mined uranium.
Oklo offers immense upside, but regulatory approval and construction still stand in the way of its plans.
Electricity is something many of us take for granted. Flip a switch, plug a charger, nuke some leftovers, and pop ... there it is. But energy, by the looks of it today, could be in short supply soon. It might not leave your home in the dark, but an immense strain on the grid could slow the development of artificial intelligence (AI), whose sprawling data centers need enormous amounts of electricity to run.
No one company or industry is going to solve AI's power needs. At the same time, nuclear energy is widely seen as a part of the solution: Reactors can generate enormous amounts of electricity around the clock without dependence on the sun or wind. And for investors looking toward 2030 and beyond, these three nuclear energy stocks are worth considering.
Missed AI’s "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our analysts, we’re only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
1. Constellation Energy
Constellation Energy (NASDAQ: CEG) owns the largest nuclear fleet in the U.S., with over 44,160 gigawatt-hours of electricity produced by its nuclear fleet in the second quarter. That's almost enough to power 16 million U.S. homes for three months.
Constellation's massive nuclear fleet is one reason to own the stock. But it's not the main reason I'd hold it through 2030 and beyond.
The bigger draw, to me, is that it can turn this fleet and today's immense demand for power into binding agreements that can last decades.
Take, for example, Microsoft and Meta Platforms. Both tech companies have signed 20-year power purchase agreements with Constellation. These commitments last well beyond 2030 and could easily serve as a model for other tech companies looking to secure their own power supply needs.
One drawback is valuation. At about $285 a share, Constellation trades for roughly 24 times the midpoint of its 2026 adjusted earnings guidance. Still, for a highly profitable energy stock with an already existing nuclear fleet, Constellation is a solid pick for modest growth.
2. Uranium Energy
If there's one thing that could ground nuclear energy to a halt, it's a shortage of fuel. Reactors need uranium, and expanding its supply will require mines, processing facilities, and equipment to turn uranium into reactor fuel.
You can probably guess where this is going: Uranium Energy (NYSEMKT: UEC) is positioning itself to supply more of that fuel. Indeed, it already has facilities in North and South America and is currently expanding its uranium production in Wyoming and Texas.
Uranium Energy doesn't, to be sure, have an enormous stockpile of uranium. It's roughly 1.73 million pounds, including materials still being processed, which is less than 4% of the roughly 47 million pounds delivered to U.S. nuclear reactor operators in 2025.
That's small in comparison, but there's a bright spot in the data: Only 7% of uranium delivered to U.S. nuclear power plants in 2025 was of U.S. origin. If utilities want to buy reactor fuel more domestically, Uranium Energy could be well-positioned to benefit.
3. Oklo
Oklo (NYSE: OKLO) is a bit of an outlier on this list. It isn't an established business -- it isn't, that is, generating significant revenue -- and it requires more imagination, plus a stronger appetite for risk. But the upside could be immense if its vision comes into reality.
That vision, in a nutshell, is this: a small nuclear reactor ("Aurora powerhouses" which are about the size of a house) can be built near data centers, factories, communities, and wherever else power is needed. Oklo wants to own these small reactors and sell the electricity from them -- kind of like how a utility company sells power today. The "power as a service" model would generate recurring revenue and hold Oklo responsible for the reactor's upkeep, which might make it easier for businesses to adopt this novel form of nuclear energy.
If Oklo can pull it off, there's immense growth ahead for this nuclear start-up. Right now, the biggest hurdle is regulatory. Oklo has yet to get the Nuclear Regulatory Commission's blessing, and it hasn't established a firm timeline for when it can operate Aurora commercially.
The wait for regulatory approval hasn't, however, stopped Oklo from inking preliminary deals. At the end of 2025, Oklo said it had a backlog equal to 14 gigawatts (GW), and in January 2026, it announced a landmark agreement to support Meta's data centers through a nuclear campus in southern Ohio. This plant is expected to come online in the 2030s, though, again, Oklo needs its regulatory ducks in a row before it can.
These three nuclear stocks offer different ways to plug into nuclear's future. If you don't want to handpick individual winners, however, a nuclear-focused exchange-traded fund (ETF) could give you a basket of nuclear stocks in one purchase, offering broader exposure to this growing industry.
Should you buy stock in Constellation Energy right now?
Before you buy stock in Constellation Energy, 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 Constellation Energy 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 $417,413!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,341,294!*
Now, it’s worth noting Stock Advisor’s total average return is 950% — a market-crushing outperformance compared to 212% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of September 15, 2026.
Steven Porrello has positions in Oklo. The Motley Fool has positions in and recommends Constellation Energy, Meta Platforms, and Microsoft. The Motley Fool has a disclosure policy.

The Best 3 Nuclear Energy Stocks to Buy and Hold for 2030 and Beyond

Key Points
Uranium Energy provides cleaner, cheaper uranium for nuclear power plants.
BWX is a well-rounded play on the defense and commercial nuclear markets.
The nuclear energy market sputtered out for roughly a decade after the Fukushima disaster in 2011. As more countries paused their nuclear expansion plans, the price of uranium plummeted, many miners shut down their mines, and nuclear plant builders went bankrupt.
But over the past few years, the nuclear market warmed up again as the power-hungry cloud infrastructure and artificial intelligence (AI) markets expanded, governments launched new decarbonization initiatives, and companies introduced safer and cleaner nuclear technologies.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
According to Grand View Research, the global nuclear market could still expand at a steady 4.9% CAGR from 2026 to 2033. If you want to profit from that recovery, you should consider investing in Uranium Energy (NYSEMKT: UEC) and BWX Technologies (NYSE: BWXT).
Uranium Energy
The nuclear market's expansion boosted uranium's spot price from $43.08 at the end of Jan. 2022 to $89.68 at the end of Aug. 2026. That's why shares of Uranium Energy, a provider of uranium extraction services, have rallied 274% over the past five years.
Uranium Energy pumps an oxygen-enriched solution into the earth to dissolve and recover uranium. These In-Situ Recovery (ISR) plants, which are located across the U.S., Canada, and Paraguay, are cheaper and more environmentally friendly than the underground and open-pit mines used by conventional uranium miners.
Unlike conventional miners, which typically lock customers into long-term, fixed-price contracts, Uranium Energy sells all of its output at uranium's spot price. Therefore, Uranium Energy is better-positioned to profit from rising uranium prices than its mining peers -- but it's also more exposed to declining spot prices.
Therefore, if you expect the nuclear energy market's resurgence to boost uranium's price to new record highs within the next few years, Uranium Energy is a good long-term investment. Bank of America's analysts expect uranium's spot price to rise to $130 per pound in 2027.
From 2025 to 2028, Wall Street expects Uranium Energy's revenue to grow at a 59% CAGR to $270 million. They also expect its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to turn positive in 2027 and more than double to $199 million in 2028.
With an enterprise value of $5.2 billion, Uranium Energy's stock isn't cheap at 43 times next year's sales. But if uranium's spot price continues to rise, its rally should persist as more governments and utilities recognize the value of cleaner, cheaper uranium.
BWX Technologies
BWX Technologies was spun off from Babcock & Wilcox (NYSE: BW) in 2015. It's the only large-scale manufacturer of specialized nuclear components, fuel systems, and naval reactor systems in North America. It's authorized to work with regulated nuclear materials, handle high-assay enriched uranium (HALEU) and tri-structural isotropic (TRISO) fuel, operate large precision nuclear fabrication facilities, and develop naval nuclear components for the U.S. Navy.
That diversification and scale enable BWX to control a crucial part of North America's nuclear supply chain. It generates most of its revenue from the defense sector, so it was better insulated from the post-Fukushima nuclear slowdown than many of its industry peers.
To expand and evolve after its spin-off from Babcock & Wilcox, BWX acquired six more companies, launched engineering support services for developers of small modular reactors (SMRs), and secured additional U.S. Navy contracts. By the end of 2025, its backlog had swelled 50% year over year to $7.3 billion, driven by the robust market demand for its naval propulsion components, commercial nuclear power components, and specialty materials. That's more than double its $3.2 billion in revenue in 2025.
From 2025 to 2028, analysts expect BWX's revenue and adjusted EBITDA to grow at CAGRs of 12% and 11%, respectively. With an enterprise value of $15.9 billion, it trades at less than four times next year's sales -- but it could command a higher valuation as its government and commercial businesses expand.
Should you buy stock in Uranium Energy right now?
Before you buy stock in Uranium Energy, 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 Uranium Energy 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 $421,997!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,413,876!*
Now, it’s worth noting Stock Advisor’s total average return is 978% — a market-crushing outperformance compared to 213% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of September 8, 2026.
Bank of America is an advertising partner of Motley Fool Money. Leo Sun has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends BWX Technologies. The Motley Fool has a disclosure policy.
Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community. Reaching millions of people each month through its website, books, newspaper column, radio show, television appearances, and subscription newsletter services, The Motley Fool champions shareholder values and advocates tirelessly for the individual investor. The company's name was taken from Shakespeare, whose wise fools both instructed and amused, and could speak the truth to the king -- without getting their heads lopped off.

2 Nuclear Energy Stocks to Buy Before 2026 Ends

In trading on Friday, the iShares Paris-Aligned Climate Optimized MSCI USA ETF is outperforming other ETFs, up about 1.9% on the day. Components of that ETF showing particular strength include shares of Workday, up about 5.6% and shares of AMAZON.COM, up about 4.4% on the day.
And underperforming other ETFs today is the Global X Uranium ETF, down about 4.6% in Friday afternoon trading. Among components of that ETF with the weakest showing on Friday were shares of Uranium Energy, lower by about 7.5%, and shares of Centrus Energy, lower by about 7% on the day.

Friday's ETF Movers: PABU, URA

Key Points
Cameco, the world’s second-largest uranium miner, is finally growing again.
Uranium Energy’s cleaner, cheaper extraction methods are becoming more popular.
Uranium's price has always been pegged to the nuclear energy market. That's why many uranium stocks crumbled in the decade after the Fukushima disaster in 2011, which drove many countries to throttle the expansion of their nuclear programs.
From June 2007 to Nov. 2016, uranium's spot price plummeted from its peak of $136 per pound to a 12-year low of $18 per pound. That decline forced many uranium miners and companies to downsize their operations to stay solvent.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
But by the end of this July, uranium's spot price had risen back to $86.38 per pound. The rapid growth of the power-hungry cloud and AI markets, new decarbonization initiatives, and the adoption of safer nuclear technologies drove that recovery. If you want to profit from that trend, you should buy Cameco (NYSE: CCJ) and Uranium Energy (NYSEMKT: UEC).
Why will Cameco and Uranium Energy keep growing?
Cameco, a Canadian company, mined 15% of the world's uranium in 2025. It's the second-largest uranium miner after Kazakhstan's Kazatomprom (OTC:NATK.Y), and operates uranium mines and mills in Canada, the U.S., and Kazakhstan.
Cameco also partnered with Brookfield Asset Management (NYSE: BAM) to acquire Westinghouse Electric, one of the world's largest nuclear technology companies, in 2023. That takeover reduced Cameco's direct exposure to volatile uranium prices and made it a more diversified play on the nuclear energy infrastructure market.
Uranium Energy is a smaller Texas-based miner that pumps an oxygen-enriched solution into the earth to dissolve and extract uranium as a cheaper, greener alternative to underground and open-pit mining. It primarily operates in the U.S., Canada, and Paraguay.
Unlike Cameco, which locks its customers into long-term, fixed-price contracts as a hedge against uranium's volatile price swings, Uranium Energy sells its output entirely at prevailing spot prices. The bold strategy enables Uranium Energy to benefit more from soaring uranium prices than Cameco, but it also causes it greater pain when uranium prices decline.
Why are both stocks still worth buying?
Bank of America expects uranium's spot price to rise to $130 per pound in 2027 as the nuclear supercycle heats up. The AI market's expansion, production bottlenecks, and the U.S. ban on Russian uranium could all drive that acceleration.
Cameco and Uranium Energy aren't cheap at 16 times and 52 times next year's sales, respectively. But if you expect uranium's spot price to soar and set new record highs over the next few years, it might be smart to buy these two best-in-breed uranium stocks today.
Should you buy stock in Cameco right now?
Before you buy stock in Cameco, 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 Cameco 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 $443,461!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,307,633!*
Now, it’s worth noting Stock Advisor’s total average return is 973% — a market-crushing outperformance compared to 213% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of August 26, 2026.
Bank of America is an advertising partner of Motley Fool Money. Leo Sun has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Brookfield Asset Management and Cameco. The Motley Fool has a disclosure policy.
Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community. Reaching millions of people each month through its website, books, newspaper column, radio show, television appearances, and subscription newsletter services, The Motley Fool champions shareholder values and advocates tirelessly for the individual investor. The company's name was taken from Shakespeare, whose wise fools both instructed and amused, and could speak the truth to the king -- without getting their heads lopped off.

2 Uranium Stocks to Buy Before the Next Nuclear Supercycle

Key Points
The U.S. plans to quadruple its nuclear capacity by 2050, creating long-term investment opportunities.
Centrus Energy aims to be a leading supplier of enriched uranium, including high-assay and low-enriched uranium.
Uranium Energy, another nuclear fuel provider, should benefit as the U.S. prioritizes domestic sources.
Energy has taken center stage amid the artificial intelligence (AI) data center boom. Nuclear energy is experiencing a massive resurgence worldwide, and the U.S. wants to quadruple its nuclear capacity by 2050.
With the U.S. focused on domestic energy production, this initiative presents a long-term opportunity for investors in U.S.-based Centrus Energy (NYSE: LEU) and Uranium Energy (NYSEMKT: UEC). Here's why these two companies could be top nuclear stocks to buy -- and what must go right for them in the coming years for them to be quality investments.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Centrus is key to the U.S. securing domestically manufactured nuclear fuel
Next-generation nuclear reactors need fuel, and Centrus Energy is positioning itself as a leading domestic provider of that fuel. The company is the only publicly traded U.S. company authorized to procure enriched uranium for national defense and military purposes. It is also the only licensed U.S. facility to produce high-assay, low-enriched uranium (HALEU), the specialized nuclear fuel used by nearly all next-generation small modular reactors.
It has become a vital asset for the U.S. In 2024, Congress signed the Prohibiting Russian Uranium Imports Act. This act bans imports of unirradiated, low-enriched uranium (LEU) produced in the Russian Federation or by a Russian entity through the end of 2040. Companies have received waivers to purchase Russian-sourced LEU if no viable sources are available, but those expire Jan. 1, 2028.
The opportunity is there for Centrus, but for the stock to deliver for investors, it must transition from a nuclear fuel supplier to a nuclear fuel manufacturer. To do so, the company must expand its American Centrifuge Plant in Piketon, Ohio. This multibillion-dollar project is backed by federal funding, including a $900 million task order from the Department of Energy.
The company produces HALEU in small amounts and looks to produce commercial quantities for next-generation nuclear companies. It has signed a deal with Oklo, which builds Aurora powerhouses based on microreactor technology, and will begin delivering HALEU in 2029. It will also produce LEU, used in older nuclear reactors, with new capacity coming online in 2029.
Demand for domestically sourced uranium is a tailwind for Uranium Energy
While Centrus looks to produce nuclear fuel for reactors, Uranium Energy covers everything from mining to processing, refining, and conversion. The company's advantage is that it controls the largest uranium resource in the U.S. and uses a hub-and-spoke platform in which processing plants serve as central hubs that process material extracted from multiple nearby mining sites (the spokes).
Uranium Energy uses in situ recovery (ISR), a low-impact mining method that uses oxygenated groundwater to dissolve uranium underground and pump it to the surface. The company has a licensed production capacity of 12 million pounds of yellowcake, the concentrated uranium powder extracted from natural ore and the starting point for nuclear reactor fuel.
Looking ahead, Uranium Energy needs momentum in nuclear energy and sustained policy enforcement that restricts Russian uranium, which could push uranium prices higher as the U.S. prioritizes domestic feedstock.
What makes Uranium Energy appealing for nuclear-focused investors is that it is 100% unhedged. As a result, the company benefits from maximum price exposure when uranium prices rise, enabling it to capitalize on the current growth in demand.
Should you buy stock in Centrus Energy right now?
Before you buy stock in Centrus Energy, 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 Centrus Energy 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 $419,408!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,348,694!*
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Courtney Carlsen has positions in Centrus Energy. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
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2 Nuclear Stocks to Buy and What Each One Needs to Go Right

Key Points
Uranium Energy's stockj has soared over the past few years.
It could head even higher as the nuclear energy market heats up.
Uranium Energy's (NYSEMKT: UEC) stock has rallied more than 400% over the past five years. That rally was driven by a resurgent interest in nuclear energy among governments, utilities, and AI-driven tech companies, but could its stock head even higher over the next five years?
How fast is Uranium Energy growing?
Uranium Energy is a Texas-based provider of In-Situ Recovery (ISR) solutions that pump an oxygen-enriched solution into the earth to dissolve and recover uranium. That approach is a cheaper and more environmentally friendly alternative to underground and open-pit mining.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
It's expanded rapidly over the years and operates facilities in the U.S., Canada, and Paraguay. As a pure-play uranium extraction and resource development company, Uranium Energy's growth is tightly tethered to uranium prices. Uranium's spot price reached $86.38 per pound at the end of July, and Citi analysts expect it to rise to $100-$125 per pound this year.
From 2025 to 2028, analysts expect Uranium Energy's revenue to grow at a 57% CAGR. They also expect its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to turn positive in 2027 and more than double in 2028.
It could turn $1,000 into nearly $2,000
If Uranium Energy matches those estimates, grows its adjusted EBITDA at a 25% CAGR over the following three years, and trades at 25 times its current-year adjusted EBITDA in 2031, its stock could nearly double over the next five years. It isn't cheap at 60 times next year's adjusted EBITDA today, but it could have plenty of upside potential as the nuclear market expands.
Should you buy stock in Uranium Energy right now?
Before you buy stock in Uranium Energy, 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 Uranium Energy 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 $399,832!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,374,595!*
Now, it’s worth noting Stock Advisor’s total average return is 968% — a market-crushing outperformance compared to 215% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of August 10, 2026.
Citigroup is an advertising partner of Motley Fool Money. Leo Sun 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Prediction: $1,000 in Uranium Energy Corp Will Be Worth This Much in 5 Years

Key Points
The rising energy demands from AI have led to renewed interest in nuclear energy.
Oklo's Aurora powerhouses aim to operate on recycled nuclear waste.
Uranium Energy is a U.S.-based miner that provides the precursor for nuclear fuels.
Artificial intelligence is a revolutionary technology, and the energy demands behind it are skyrocketing. As hyperscalers scramble for a stable energy source, nuclear is stealing the spotlight. This surge in interest has sparked a nuclear renaissance, igniting competition between start-ups and established miners and refiners.
In one corner, you have Oklo (NYSE: OKLO), an upstart developer of advanced nuclear reactors and the fuel needed to power them. In the other, you have Uranium Energy Corporation (NYSEMKT: UEC), a domestic uranium miner that supplies the raw materials needed to meet today's energy needs. Here's the nuclear fuel play that could be the bigger winner in 2026.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Oklo has ambitious plans to recycle used nuclear waste
Oklo aims to revolutionize nuclear energy and its deployment with its Aurora powerhouses. These function as mini nuclear power plants that use compact, liquid-metal-cooled fast reactors. Unlike traditional nuclear plants, these microreactors are factory-fabricated and are designed to run on spent fissile material from conventinal reactors.
Oklo believes it can harness fast neutrons to unlock the 95% of energy potential still trapped in used nuclear fuel. The nuclear developer plans to build a commercial fuel recycling facility in Oak Ridge, Tennessee, to establish a commercial pathway for recovering selected materials from used nuclear fuel.
The company signed a memorandum of understanding (MOU) with Standard Nuclear, a producer of TRISO nuclear fuel, to collaborate on recycling and manufacturing nuclear fuel.
In May, Oklo was selected by the U.S. Department of Energy (DOE) for advanced negotiations under the Surplus Plutonium Utilization Program, which makes designated surplus plutonium available to private industry for conversion into fuel under strict requirements.
Uranium Energy is a U.S.-based uranium miner and processor with active operations
In contrast, Uranium Energy Corporation is positioned at the front end of the nuclear fuel cycle. The company is a U.S.-based uranium miner that uses in situ recovery (ISR), a low-impact mining method that uses oxygenated groundwater to dissolve uranium underground and then pumps it to the surface.
Uranium Energy uses a "hub-and-spoke" platform, meaning it operates processing plants that serve as central hubs for processing material extracted from multiple nearby mining sites (the spokes). The company currently controls two active ISR central processing production platforms in the U.S., in Wyoming and Texas.
These hubs serve satellite deposits, giving UEC a licensed production capacity of roughly 12 million pounds of yellowcake (the concentrated uranium powder extracted from natural ore, the starting point for nuclear reactor fuel) per year.
Which uranium fuel play wins in 2026?
Oklo is spending large sums of cash on advanced reactors that will not generate revenue for years, and it hopes to begin producing fuel at its Tennessee facility for Aurora reactors by the early 2030s. In the meantime, it has signed a letter of intent with Centrus Energy for high-assay low-enriched uranium starting around 2029.
In contrast, Uranium Energy Corporation has mining and refining operations and can sell yellowcake directly into uranium markets today. On top of this, it is 100% unhedged, giving it maximum price exposure whenever uranium prices rise. When it comes to the better nuclear fuel play for 2026, Uranium Energy Corporation takes the crown.
Should you buy stock in Uranium Energy right now?
Before you buy stock in Uranium Energy, 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 Uranium Energy 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 $399,832!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,374,595!*
Now, it’s worth noting Stock Advisor’s total average return is 968% — a market-crushing outperformance compared to 215% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of August 10, 2026.
Courtney Carlsen has positions in Centrus Energy. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Uranium Energy vs. Oklo: Which Nuclear Fuel Play Wins in 2026?

An updated edition of the June 16, 2026 article.
Nuclear energy is becoming an increasingly important part of the clean energy transition, offering a dependable, carbon-free source of electricity as global power demand continues to rise. Unlike weather-dependent renewable sources such as solar and wind, nuclear plants can deliver stable, continuous power around the clock, making them a valuable complement to a low-carbon energy system.
The outlook for the nuclear industry is also improving, supported by license extensions for existing reactors, advances in small modular reactor (“SMR”) technology, approvals for new facilities, and plans to restart previously retired nuclear plants in the United States. Growing investment from major technology companies in SMR development further reflects rising confidence in nuclear energy’s long-term role and growth prospects.
The U.S. Department of Energy has awarded over $94 million in cost-shared funding to eight companies to accelerate the deployment of advanced Generation III+ SMRs. The funding will help overcome key barriers in licensing, supply chains and site readiness while strengthening the domestic nuclear ecosystem. The initiative is intended to support new SMR projects in the 2030s and aligns with the administration's strategy to expand nuclear energy, enhance U.S. energy security and reinforce the nation's energy leadership.
The United States is pursuing an ambitious expansion of its nuclear power capacity, aiming to increase generation from roughly 100 gigawatts (“GW”) in 2024 to nearly 400 GW by 2050. Nuclear energy currently accounts for about 20% of the nation's electricity generation, and ongoing license renewals by the U.S. Nuclear Regulatory Commission are extending the operational lives of existing reactors, reinforcing the country's supply of reliable, carbon-free electricity.
The industry is further supported by favorable government policies, continued advancements in SMR technology and initiatives to strengthen the domestic nuclear fuel supply chain. Meanwhile, surging electricity demand driven by AI-powered data centers, manufacturing reshoring and the growing adoption of electric vehicles is accelerating the need for dependable, round-the-clock clean energy, positioning nuclear power providers for long-term growth.
With this increasing importance, nuclear energy-related stocks, such as Ameren Corporation AEE, Energy Fuels UUUU and Vistra Corp. VST, are becoming attractive investment options. Unlike other clean energy sources affected by intermittency, nuclear power plants provide a consistent and stable energy output, operating around the clock except during planned maintenance intervals.
Nuclear power offers a significant advantage over other clean energy sources by generating large amounts of electricity with a much smaller land footprint. Although all traditional energy sources produce waste, the nuclear industry benefits from stringent regulations and well-established systems for the safe handling, storage and management of nuclear waste. Additionally, rising electricity demand, driven by the growing adoption of electric vehicles, increasing grid requirements, and the rapid expansion of artificial intelligence-powered data centers, is reinforcing the critical role of nuclear energy in providing reliable, large-scale power generation.
As the production of clean energy is expected to rise from nuclear plants, a continuous supply of high-quality uranium is essential to keep the nuclear units running. Companies like Uranium Energy UEC and BHP Group Limited BHP produce uranium and can benefit from the surging demand from nuclear power plants.
Nuclear Energy stocks have huge potential and can offer significant growth opportunities for investors. Our Nuclear Energy Screen makes it easier for investors to locate high-potential stocks at any given time.
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Ameren Corporation's expanding focus on nuclear energy enhances its long-term investment appeal by strengthening generation reliability and supporting its clean-energy transition. The company plans to extend the operating license of its existing nuclear facility beyond 2044, ensuring a dependable source of carbon-free baseload power while improving fuel diversity and meeting rising electricity demand.
In addition, Ameren's preferred resource plan calls for nearly 1,500 MW of new nuclear capacity by 2040. This investment is expected to complement its renewable energy portfolio with reliable, around-the-clock generation, supporting grid stability, regulated rate-base growth and long-term earnings. As power demand accelerates due to data centers, manufacturing expansion and electrification, Ameren's nuclear strategy positions it for sustainable long-term growth.
Furthermore, this Zacks Rank #2 (Buy) stock plans to invest nearly $31.8 billion between 2026 and 2030 to modernize and strengthen its utility infrastructure, supporting long-term operational and financial growth. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Energy Fuels offers compelling upside as one of the best-positioned U.S. beneficiaries of the nuclear energy and critical minerals boom. Its White Mesa Mill provides a major competitive advantage as the country’s only operating conventional uranium mill and only commercial facility capable of producing separated rare earth elements. Strong execution, including expected first-half 2026 uranium production of roughly 1.6 million pounds, highlights the company’s ability to scale rapidly into a tightening uranium market.
With a deep pipeline of restart-ready and development-stage assets, Energy Fuels has substantial production growth potential as uranium prices and nuclear demand rise. Increasing electricity consumption, data-center growth, decarbonization and energy-security priorities should support a sustained nuclear expansion, positioning UUUU for stronger volumes, improved margins and long-term value creation. Its rare earth exposure adds another powerful growth driver, making the stock a differentiated and increasingly attractive play on U.S. strategic resource independence.
This Zacks Rank #2 stock has six long-term contracts with U.S. nuclear utilities covering deliveries from 2026 to 2032. Amid surging uranium demand from the utilities, Energy Fuels expects to reduce uranium production costs throughout 2026, which can further boost its topline.
Vistra Corp. offers a strong long-term investment case, supported by its diversified generation portfolio and expanding leadership in nuclear energy. Long-term power purchase agreements (“PPAs”) remain a key component of Vistra’s strategy to expand the contracted share of earnings while retaining exposure to upside in merchant markets. Management reaffirmed that recently executed nuclear PPAs, including the Meta agreements covering its PJM nuclear facilities and the Amazon Web Services agreement at Comanche Peak, are expected to increase contracted and retail-linked revenues as they take effect, with a portion of the Meta-related contribution beginning in 2027.
Demand for clean energy is rising in Vistra’s service territories. The company’s six nuclear reactors have received a license extension, ensuring continued reliable generation of emission-free electricity in key markets. These six nuclear reactors have the capacity to generate more than 6,500 MW of emission-free energy, enough to power about 3.25 million homes.
This Zacks Rank #3 (Hold) stock has a comprehensive hedging program, which lessens the impact of short-term price fluctuations.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.