Why Energy Fuels Rocketed Higher Today
Shares of uranium and rare earths miner Energy Fuels (NYSEMKT: UUUU) rallied 13.8% on Tuesday.Energy Fuels had multiple news items boosting sentiment today. First, the company announced record monthly uranium production from one of its operational mines in May. Second, Meta Platforms (NASDAQ: META) signed a 20-year nuclear agreement with Constellation Energy (NASDAQ: CEG) to power its AI data centers, lifting sentiment for future uranium demand.Together, these items fueled a double-digit move in the stock.Continue reading
Shares of uranium and rare earths miner Energy Fuels (NYSEMKT: UUUU) rallied 13.8% on Tuesday.
Energy Fuels had multiple news items boosting sentiment today. First, the company announced record monthly uranium production from one of its operational mines in May. Second, Meta Platforms (NASDAQ: META) signed a 20-year nuclear agreement with Constellation Energy (NASDAQ: CEG) to power its AI data centers, lifting sentiment for future uranium demand.
Together, these items fueled a double-digit move in the stock.
