Movers and SHAKERS
Energy Fuels (UUUU)
Relief on the Horizon?
Energy Fuels is a U.S.-based uranium mining company, supplying uranium concentrate to major nuclear utilities. The company also produces vanadium from certain of its projects, as market conditions warrant. Energy Fuels owns the White Mesa Mill in Utah, the Nichols Ranch in-situ recovery (ISR) Project in Wyoming, and the Alta Mesa ISR Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the U.S. and has the ability to produce vanadium when market conditions warrant. Energy Fuels' common stock trades on the NYSE American under the trading symbol "UUUU" and the Toronto Stock Exchange under the trading symbol "EFR"
Mark Reichman, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- Awaiting Nuclear Fuel Working Group findings. In July 2019, President Trump directed the establishment of a United States Nuclear Fuel Working Group to develop recommendations for reviving and expanding domestic nuclear fuel production. The working group is expected to submit a report to the President summarizing the group’s findings and recommendations in early October.
- Constructive proposals. oth the Nuclear Energy Institute (NEI) and the Uranium Producers of America (UPA) have provided the working group with constructive recommendations. While the working group will evaluate the impact of various policy proposals, we believe the potential for a supportive outcome that also satisfies a broader group of constituents is...
This Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.