Energy Fuels Drops for the Week as DOE Nuclear-Fuel Push Splits Opinion

Overview

• Energy Fuels fell 12% between January 23 and January 30, placing it among the week’s worst-performing energy stocks.
• Shares jumped more than 14% on January 28 following the Department of Energy’s call for states to host Nuclear Lifecycle Innovation Campuses.
• The DOE effort seeks sites for waste storage, spent-fuel reprocessing, and uranium enrichment to build a domestic supply chain and reduce reliance on Russia.
• Roth Capital’s Joe Reagor upgraded the stock from Sell to Neutral and raised the price target to $15.50 from $13, noting stretched valuation but supportive sentiment and uranium pricing.
• Despite volatility, the stock remains up over 34% year to date, as Jim Cramer urged viewers to avoid Energy Fuels and instead consider GE Vernova for nuclear exposure.