UUUU
Energy Fuels Inc.

Energy Fuels Inc.UUUU

Energy · Uranium
6.66USD
+1.06%
Nov 08, 2026
UUUU overview ready
U.S. Uranium Producer Developing Domestic Rare-Earth Separation Capacity
U.S.-based uranium producer and processor that is building a scarce domestic rare-earth separation and heavy-rare-earth materials capability around the White Mesa Mill, with further mine-to-metal and magnet-chain expansion subject to transaction execution.
Primary theme is lagging
Nuclear / Uranium is lagging (-13.7pp vs SPY over 21 sessions; 2 of 14 members ahead of SPY).
Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Fair valuation
The price broadly reflects the strength of its balance sheet, with upside and risk reasonably balanced.
Fundamentals under pressure
Ev / sales is weak.
Primary risk
Uranium price volatility.
Market Nov 6Filing Sep 30Price action Nov 7Research Aug 3

Conviction Level

PriceAction1.4BusinessPerformance4.0BusinessQuality—Valuation3.5ThemeMomentum1.0Decelerating — Revenue is still growing (+65% YoY), but growth has slowed, down from +496%. The company is still loss-making: the diluted loss per share widened to -$0.20 from -$0.07 a year earlier. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
vs SPY
−13.7pp
Theme return
−18.6%
Beating SPY
2 of 14
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryDamaged / breakdown

The technical structure itself is broken across timeframes — the weakest entry profile.

Key Financials

Market Cap
$1.8B
Avg Volume (60D)
8.6M
60 sessions
Revenue Growth YoY
-15.6%
FY2025 vs FY2024
Gross Margin
+47.9%
Operating Margin
-81.0%
Trailing twelve months
Free Cash Flow Yield
-5.2%
Distance from 200DMA
-58.3%
P/E
N/M
EV / Sales
20.2x
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Decelerating

Revenue is still growing (+65% YoY), but growth has slowed, down from +496%. The company is still loss-making: the diluted loss per share widened to -$0.20 from -$0.07 a year earlier.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthSlowing
+65%
$29.2M in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. n/a
  2. +112%
  3. +496%
  4. +65%
Earnings growthLoss widening
-$0.20
Diluted EPS -$0.20 vs -$0.07 a year earlier · GAAP
Too few comparable EPS quarters: a loss or a turn to profit has no meaningful percentage.
Operating marginNot enough data
-86.8%
+63.8 pp YoY
The business is consuming cash
The share count is rising

Business Quality

Not assessed

Not assessed yet — the business is too early-stage for its economics to show in filings.

Fundamentals & Valuation

Two of the three valuation perspectives say cheap; intrinsic is the dissenting view. The published stance is held at fair because no positive free cash flow behind the low multiple.
Energy Fuels Inc. has a Fair valuation stance because the price broadly reflects the strength of its balance sheet, with upside and risk reasonably balanced.

Company Research

Thesis
U.S.-based uranium producer and processor that is building a scarce domestic rare-earth separation and heavy-rare-earth materials capability around the White Mesa Mill, with further mine-to-metal and magnet-chain expansion subject to transaction execution.
Opportunity
High opportunity
Government, defense, semiconductor, energy and industrial efforts to establish non-Chinese rare-earth extraction, separation, metal/alloy and permanent-magnet supply chains.
Key risk
Uranium price volatility.

Economic classification

Loading the economic classification…

Business & Markets

Energy · Uranium
What they do

Energy Fuels Inc. explores, develops, operates, and sells uranium mineral properties and related critical minerals in the United States, including rare earth elements and heavy mineral sands, through its subsidiaries and multiple business segments.

How it earns

The company generates revenue primarily through the sale of uranium, rare earth elements, vanadium pentoxide, and heavy mineral sands products on a transactional basis.

Products & services
Uranium
Rare earth elements
Vanadium pentoxide
Heavy mineral sands (ilmenite, rutile, zircon, monazite)
Customers & end markets
Nuclear energy producers
Government and defense sectors
Industrial and semiconductor manufacturers
Market position

Niche U.S.-based uranium producer and processor with emerging rare-earth separation capabilities.

Demand drivers
High cyclicality

Demand and pricing are strongly influenced by uranium market cycles and government policy on critical minerals.