UEC
NYSENext earningsDec 8AnalystsBuy11+132%Uranium Energy Corp. stock
Energy · Oil, Gas & Consumable Fuels
$6.92last close
-43.4%~252d
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Price
-43.37% over 1Y1 auto-fib
Video teardown
A walkthrough of this page: the numbers, the levels, and where it sits.
Thesis
as of 2026-11-08
Bull case
Structural: only pure-play US uranium producer with permitted ISR capacity at scale - Hobson (TX) + Christensen Ranch/Irigaray (WY) hubs restarting into a re-contracting cycle as utilities scramble for non-Russian/non-Kazakh supply post-Prohibiting Russian Uranium Imports Act.
Holds physical U3O8 inventory (~1.36M lbs) as price-leverage. Sells into DOE Strategic Uranium Reserve. Levered to SMR + reactor-restart demand wave ($OKLO, $SMR, $NNE, Palisades, Three Mile Island).
US supply scarcity premium (only listed pure-play ISR producer); ISR opex 30-40% below conventional mining; permitted Wyoming hub already producing yellowcake H2 2025; spot uranium $75-85/lb vs $55/lb incentive level; utility re-contracting cycle 2026-2030 with 100M+ lbs uncovered demand; optionality on physical inventory mark-to-market; $CCJ + $KAP discipline holds floor.
Bear case
pre-revenue / near-zero cash flow until Wyoming ramps; spot price beta - every $10/lb drop compresses NPV materially; equity-funded growth dilutes (share count up ~40% over 3yr); execution risk on ISR ramp + Roughrider development; sector sentiment whippy on Kazatomprom supply guidance; no LT contracts disclosed at premium pricing yet.
- 2024-12: Sold 300,000 lbs U3O8 to US DOE Strategic Uranium Reserve at ~$70/lb.
- 2025-08: Restarted production at Christensen Ranch (Wyoming) ISR hub - first yellowcake drums shipped to ConverDyn.
- 2024-11: Acquired Rio Tinto's Roughrider uranium project (Athabasca Basin, Canada) for $150M - adds conventional resource optionality.
- 2022-2024: Built ~1.36M lb physical U3O8 inventory via spot purchases at $40-50/lb cost basis.
- 2025: Hobson (TX) central processing facility on care-and-maintenance pending Burke Hollow + Goliad satellite restart approvals.
customersUS Department of Energy (Strategic Uranium Reserve) · ConverDyn (UF6 conversion) · undisclosed US nuclear utilities (long-term offtake)
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Top correlated252d co-movement
Related research
Long-form analysis touching UEC
- 8 minUranium Energy (UEC): what it does, how it makes money, and why revenue is still inventoryTwo producing in-situ uranium mines, $495M of cash, no debt, and $37.3M of fiscal 2026 revenue that came from inventory, not the wellfields. What Uranium Energy does and how UEC makes money.
- 5 minEnergy Fuels (UUUU) Q3: a 62% uranium margin, a $35M securities mark is the storyEnergy Fuels posted $29.2M of revenue, up 65%, selling uranium at $88.90/lb against a $34.04/lb cost. The net loss tripled to $52.4M on a $35.3M mark on its securities book.
- 8 minNexGen Energy (NXE): what it does, how it pays for Rook I, and what the market doubtsA C$2.2B uranium mine licensed in March 2026 and under construction since June, up to 30M lb a year planned for around 2030, no sales contract yet, stock about 41% under its high. What NexGen does.
- 10 minNANO Nuclear (NNE): what it does, how it pays for itself, and why the cash is the storyA microreactor developer with about $580M of cash and investments, $214K of trailing revenue and a stock about 79% under its high. What NANO Nuclear does, how it funds itself, where it sits.
Recent news
High-signal only
No major news in the last 7 days for UEC - only listicles and opinion pieces, which we filter out by default. See everything anyway.
Key levels
- -24.4%$9.160.786 retr of 6.12->20.34 (52w) · 2026-11-06
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
- -40.1%$11.550.618 retr of 6.12->20.34 (52w) · 2026-11-06Out of reach · reference only
- -47.7%$13.230.5 retr of 6.12->20.34 (52w) · 2026-11-06Out of reach · reference only
- -53.6%$14.910.382 retr of 6.12->20.34 (52w) · 2026-11-06Out of reach · reference only
Facts
- Exchange
- NYSE
- Currency
- USD
- Market cap
- $3.43B
- Last update
- 2026-11-06
Revenue (TTM)$37M
P/E -
P/S92.1×
Net margin0.0%
Frequently asked questions
- Is UEC in URA?
- Yes, Global X Uranium ETF (URA) holds UEC with 4.49% (as of 2026-11-06).
- Is UEC in NLR?
- Yes, VanEck Uranium and Nuclear ETF (NLR) holds UEC with 3.96% (as of 2026-11-06).
- What ETFs hold UEC?
- Uranium Energy Corp. (UEC) is held by URA (4.49%), NLR (3.96%).
- What AI bubble is UEC in?
- Uranium Energy Corp. (UEC) is mapped to the Nuclear / SMR bubble on QuantAbundance. Uranium Energy Corp - US uranium production (Texas + Wyoming ISR operations); domestic supply leg of the nuclear-SMR thesis.
- What sector is UEC in?
- Uranium Energy Corp. is classified under GICS Energy (Oil, Gas & Consumable Fuels).
- What is UEC's last close price?
- UEC last closed at $6.92 on 2026-11-06.