Energy Fuels Inc is a critical mineral company based in the U.S. It produces several critical minerals, including uranium, vanadium, REEs (including NdPr, Dy and Tb) and HMS (including titanium and zirconium minerals). The company's project portfolio comprises uranium properties like Pinyon Plain Project, White Mesa Mill, Roca Honda Project, etc.; Heavy Minerals Sands project like Vara Mada Project, Donald Project, Bahia Project, etc.; the Nichols Ranch Project, and several other properties. The firm's reportable segments are: Uranium, REE, and HMS. Key revenue is generated from the Uranium segment, which is involved in conventional and ISR uranium extraction, recovery and sales of uranium from mineral properties, and the recycling of uranium-bearing materials generated by third parties.
The chart shows the growth of an initial investment of $10,000 in Energy Fuels Inc., comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
Energy Fuels Inc. (UUUU) has returned 21.08% so far this year and 452.96% over the past 12 months. Looking at the last ten years, UUUU has achieved an annualized return of 22.89%, outperforming the Benchmark (SPY), which averaged 12.23% per year.
The table below presents the monthly returns of Energy Fuels Inc. (UUUU) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 53.07% | -8.14% | -12.68% | -5.33% | ||||||||
| 2025 | 1.14% | -20.77% | -10.12% | 21.18% | 6.77% | 16.16% | 56.45% | 33.18% | 39.55% | 36.73% | -26.87% | 2.39% |
| 2024 | 4.57% | -20.38% | -0.63% | -18.30% | 27.74% | -13.43% | -6.26% | -13.12% | 13.90% | 9.45% | 23.47% | -30.30% |
| 2023 | 18.30% | -8.71% | -16.84% | 0.18% | 2.80% | 5.05% | 3.24% | 13.72% | 13.85% | -1.60% | -0.75% | -9.56% |
| 2022 | -24.39% | 30.10% | 8.28% | -19.07% | -12.43% | -23.40% | 37.50% | 26.68% | -23.02% | 14.29% | -5.45% | -10.90% |
| 2021 | -12.64% | 34.81% | 4.22% | -8.17% | 14.06% | -9.70% | -14.08% | 0.93% | 28.81% | 11.84% | 11.52% | -15.32% |
| 2020 | -26.04% | -23.38% | -15.71% | 54.78% | -4.97% | -13.22% | 12.50% | 4.00% | -8.70% | -12.21% | 37.75% | 97.22% |
| 2019 | 4.76% | 5.86% | 7.77% | -12.54% | -9.03% | 13.82% | -43.13% | 1.10% | 4.32% | 4.15% | -1.49% | -3.54% |
| 2018 | -9.27% | -6.79% | 14.90% | 5.26% | 3.37% | 22.70% | 27.16% | 7.41% | 3.47% | 2.12% | -4.37% | -16.91% |
| 2017 | 32.53% | -4.57% | 1.88% | -17.45% | -9.83% | 2.58% | 11.25% | 4.52% | -13.51% | -12.66% | 26.81% | 2.87% |
| 2016 | 6.82% | -7.14% | 3.18% | -2.19% | 3.57% | -31.17% | -8.81% | -8.28% | 23.31% |
The charts below present risk-adjusted performance metrics for Energy Fuels Inc. (UUUU) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of UUUU compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
The current Energy Fuels Inc. volatility is 4.71%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
The income statement provides a summary of a company's revenues, expenses, and profits over a specific period. It shows how much money the company earned (revenues) and how much it spent (expenses), leading to the net income or profit. This statement is crucial for understanding a company's financial performance and profitability.
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities And Equity (USD) | 1.41B | 611.97M | 401.94M | 273.95M | 315.45M | 183.24M | 175.72M | 196.77M | 185.34M | 196.46M |
| Equity Attributable To Parent (USD) | 678.41M | 527.79M | 375.25M | 240.43M | 291.58M | 153.81M | 126.91M | 141.09M | 123.39M | 134.12M |
| Equity Attributable To Noncontrolling Interest (USD) | 4.17M | 3.88M | 3.96M | 3.98M | 3.95M | 3.73M | 3.70M | 3.77M | 3.88M | 3.74M |
| Equity (USD) | 682.57M | 531.68M | 379.21M | 244.41M | 295.53M | 157.55M | 130.61M | 144.85M | 127.27M | 137.86M |
| Other Non-current Liabilities (USD) | 22.36M | - | - | - | - | - | - | 27.18M | 24.10M | 23.25M |
| Long-term Debt (USD) | 675.69M | - | - | - | - | - | - | 15.88M | 24.08M | 23.24M |
| Noncurrent Liabilities (USD) | 698.05M | 21.00M | 12.37M | 10.91M | 13.81M | 13.38M | 22.48M | 43.06M | 48.18M | 46.49M |
| Other Current Liabilities (USD) | 18.14M | 45.22M | 5.19M | 12.04M | 1.09M | 11.40M | 19.02M | 5.04M | 8.30M | 9.58M |
| Wages (USD) | 7.80M | 6.56M | 4.16M | 2.93M | 1.99M | 432.00K | 1.59M | 1.93M | 835.00K | 1.37M |
| Accounts Payable (USD) | 5.29M | 7.51M | 1.01M | 3.66M | 3.04M | 483.00K | 2.03M | 1.88M | 762.00K | 1.15M |
| Current Liabilities (USD) | 31.23M | 59.29M | 10.36M | 18.62M | 6.12M | 12.31M | 22.64M | 8.85M | 9.90M | 12.11M |
| Liabilities (USD) | 729.28M | 80.29M | 22.73M | 29.54M | 19.92M | 25.69M | 45.11M | 51.91M | 58.07M | 58.59M |
| Other Non-current Assets (USD) | 383.39M | 326.60M | 143.12M | 125.70M | 144.16M | 107.14M | 106.35M | 106.07M | 106.57M | 116.95M |
| Intangible Assets (USD) | - | - | - | - | - | - | - | - | 2.50M | 5.80M |
| Fixed Assets (USD) | 69.80M | 55.19M | 26.12M | 12.66M | 21.98M | 23.62M | 26.20M | 29.84M | 33.08M | 37.58M |
| Noncurrent Assets (USD) | 453.18M | 381.78M | 169.24M | 138.36M | 166.14M | 130.76M | 132.55M | 135.91M | 142.15M | 160.33M |
| Other Current Assets (USD) | 861.84M | 119.46M | 188.64M | 84.92M | 111.64M | 22.24M | 17.75M | 41.12M | 24.83M | 17.27M |
| Prepaid Expenses (USD) | 5.32M | 6.46M | 2.52M | 9.53M | 1.57M | 1.31M | 1.46M | 1.41M | 1.81M | 2.10M |
| Inventory (USD) | 73.49M | 66.50M | 40.72M | 40.62M | 32.14M | 28.92M | 23.96M | 18.32M | 16.55M | 16.76M |
| Accounts Receivable (USD) | 18.02M | 37.76M | 816.00K | 519.00K | 3.95M | - | - | - | - | - |
| Current Assets (USD) | 958.67M | 230.19M | 232.70M | 135.59M | 149.31M | 52.47M | 43.17M | 60.85M | 43.19M | 36.13M |
| Assets (USD) | 1.41B | 611.97M | 401.94M | 273.95M | 315.45M | 183.24M | 175.72M | 196.77M | 185.34M | 196.46M |
Microsoft and Nvidia have announced a collaboration to integrate AI and advanced computing into nuclear energy development. By combining Microsoft's cloud infrastructure with Nvidia's computing technologies, the partnership aims to streamline reactor design, permitting, construction and operations through digital simulations and real-time monitoring. This could accelerate development cycles for advanced reactor companies and increase demand for uranium suppliers.
The U.S. faces a critical national security vulnerability in rare earth supply chains, with China dominating processing and metallization stages. As the Pentagon prepares to ban Chinese-origin rare earths from defense systems by 2027, domestic companies are racing to rebuild integrated supply chains. Several U.S. and allied firms are advancing metallization, magnet manufacturing, and heavy rare earth separation capabilities to close this strategic gap.
The U.S. government's $12 billion Project Vault initiative to build a Strategic Critical Minerals Reserve is driving significant supply chain realignment. With major supply deficits projected for copper (30% by 2035), rare earths, and uranium, established producers are being repriced accordingly. EagleOne Metals has acquired exposure to uranium, rare earths, copper, and cobalt across multiple properties at a C$5 million valuation.
The Iran conflict threatens to disrupt global rare-earth and critical minerals supplies, creating opportunities for U.S. domestic producers. With China dominating global rare-earth resources and the U.S. military prioritizing domestic rare-earth security, three companies are positioned to benefit: MP Materials (largest western hemisphere producer with scale advantages), USA Rare Earth (high-risk/reward pre-revenue company with government backing), and Energy Fuels (diversified uranium and rare-earth producer).
The Trump administration launched Project Vault, a $12 billion public-private partnership to secure U.S. rare earth and critical mineral supplies independent of China. The U.S. Export-Import Bank approved $10 billion in direct loans, with major companies like General Motors, Boeing, and Google contributing nearly $2 billion. The initiative drove significant gains in domestic rare earth and critical minerals stocks as investors viewed it as government backing for the sector.
Energy Fuels stock fell 13.74% following a Department of Energy announcement about Nuclear Lifecycle Innovation Campuses. While the DOE's focus on nuclear funding appears supportive, the stock decline may reflect investor concerns about the company's significant cash burn rate of $146 million annually and dwindling cash reserves.
Energy Fuels (UUUU) stock fell 7% on January 26, 2026, despite positive uranium market conditions. Uranium prices hit their highest level since May 2024 at $88.40/lb, and South Korea announced plans to build two new nuclear plants. However, the stock decline appears disconnected from fundamentals, with analysts projecting the company will trade at 55x forward 2028 earnings despite expected revenue growth and profitability improvements.
Cameco, a Canadian uranium mining company, is highlighted as an attractive nuclear stock despite high valuations in the sector. The company benefits from low production costs (under $46/lb) versus current uranium spot prices (over $85/lb), a 49% stake in Westinghouse Electric, and expanding profit margins (23% year-to-date). With projected 75% annual earnings growth and a price-to-FCF-to-growth ratio under 1, Cameco appears positioned for strong future performance despite its 134 trailing P/E ratio.
A new market analysis report examines opportunities in reshoring rare earth supply chains to reduce Western dependency on China, which controls 85-90% of global refined production. The report identifies MP Materials and Lynas as key beneficiaries positioned for growth through government backing and strategic offtake agreements, with domestic suppliers potentially commanding 250-350% price premiums over Chinese benchmarks due to security considerations.
While Energy Fuels Inc. outperformed Cameco in 2025 with 183% returns, Cameco is the stronger long-term uranium investment. Cameco has delivered 600% returns over five years versus Energy Fuels' 350%, produces significantly more uranium (27 million vs. 158,400 pounds in 2024), and maintains a stronger balance sheet with $2.28 billion in revenue versus Energy Fuels' $38.82 million. Cameco's ownership stake in Westinghouse and focus on advanced nuclear reactors positions it better for the growing nuclear energy sector.
