Uranium Energy (UEC) AI Stock Analysis

• Market Cap: $6.13B
• Dividend Yield: N/A
• Average Volume (3M): 9.67M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.93
• Revenue Growth: 189.19%
• EPS Growth: -38.15%
• Country: US
• Employees: 94
• Sector: Energy
• Sector Strength: 52
• Industry: Uranium
• EPS (TTM): -0.03
• Shares Outstanding: 490,220,800
• 10 Day Avg. Volume: 12,730,756
• 30 Day Avg. Volume: 9,672,031
• PEG Ratio: -0.25
• Price to Book (P/B): 3.77
• Price to Sales (P/S): 55.48
• P/FCF Ratio: -52.86
• Enterprise Value/Market Cap: 0.92
• Enterprise Value/Revenue: 279.52
• Enterprise Value/Gross Profit: -287.10
• Enterprise Value/Ebitda: -54.31
• 1Y Price Target: $20.69
• Price Target Upside: 65.39% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): -0.09
• Revenue Forecast (FY): $43.78M

• Rating: 48 Neutral
• Price Target: $12.50 ▼(-0.08% Downside)
• Action: Reiterated Date: 03/24/26
• Date: Action: Reiterated 03/24/26

The score is held down primarily by weak TTM profitability and significant cash burn, reinforced by bearish technical momentum. A strong, low-debt balance sheet and a positive strategic outlook from the earnings call (production expansion and vertical integration) partially offset these negatives, but not enough to lift the overall profile meaningfully while losses persist.

Positive Factors

Vertical integration (Uranium + UF6)

Becoming the only U.S. supplier with both uranium and UF6 production creates a durable supply‑chain moat. Vertical integration can capture conversion margins, reduce reliance on foreign processors, and position UEC to benefit from long-term U.S. procurement and security-driven sourcing policies.

Very strong balance sheet; no debt

Large liquid resources and near-zero leverage materially lower financing risk and provide runway to fund project builds, licensing, and working capital. This financial flexibility supports multi‑period project development and shields operations during commodity cycles or execution delays.

Expanding U.S. ISR production capacity

Regulatory approvals and new header houses materially raise sustainable production capacity in Wyoming and Texas. ISR scale, combined with completed plant upgrades and project developments, supports lower unit costs and a steadily growing physical inventory to monetize over the medium term.

Negative Factors

Deeply negative trailing profitability

Persistent TTM operating and net losses indicate the asset base is not yet generating returns. Sustained unprofitability pressures ROE and requires either higher uranium prices, meaningful margin improvements, or continued external funding to achieve self-sustaining cash returns.

Negative operating and free cash flow

Meaningful negative operating and free cash flow convert operational losses into funding needs. Even with a strong balance sheet, continued cash burn raises execution and refinancing risk over months, especially if production ramp timing or uranium price outcomes disappoint.

Regulatory and market policy uncertainty

Outcomes of Section 232 and related policy decisions are structural drivers of uranium demand and pricing. Policy shifts or delayed trade remedies introduce multi‑month risk to revenue realizations and contracting, and can materially change the economics of planned U.S. conversion and production investments.

Uranium Energy Business Overview & Revenue Model

Company Description

Uranium Energy Corp., together with its subsidiaries, engages in exploration, pre-extraction, extraction, and processing uranium and titanium concentrates in the United States, Canada, and Paraguay. It owns interests in the Palangana mine, Goliad, Burke Hollow, Longhorn, and Salvo projects located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Slick Rock project in Colorado; Reno Creek project in Wyoming; Diabase project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay. The company was formerly known as Carlin Gold Inc. and changed its name to Uranium Energy Corp. in January 2005. Uranium Energy Corp. was incorporated in 2003 and is based in Corpus Christi, Texas.

How the Company Makes Money

UEC’s primary economic exposure is to the uranium market. When it generates revenue, it is generally through (1) sales of uranium (e.g., from physical uranium inventory and/or production from its uranium projects when operating), and potentially (2) uranium-related contracting/marketing activities tied to delivering uranium to customers (typically utilities) under spot and/or term arrangements. The company’s ability to earn from production depends on permitting status, mine development/operating decisions, and prevailing uranium prices, while inventory sales can provide an alternate path to monetization when operations are not producing. Detailed breakdowns of current-period revenue streams, specific customer contracts, or material partnership economics are null if not publicly specified in a way that can be cited here without assumptions.

Uranium Energy Financial Statement Overview

Summary

Financials are mixed but skew weak: income statement quality is poor with volatile revenue and deeply negative TTM profitability, and cash flow is concerning with materially negative operating and free cash flow. The key offset is a very strong balance sheet with near-zero leverage, which improves resilience despite negative returns.

Income Statement

Results have been highly volatile. Annual revenue surged in 2025 versus 2024, but TTM (Trailing-Twelve-Months) revenue fell sharply versus the prior annual period, signaling an uneven sales base. Profitability is the core issue: TTM (Trailing-Twelve-Months) shows deeply negative operating profit and net income with strongly negative margins, a clear deterioration from 2023 when the company was near break-even (and positive at the operating line). Gross margin is positive in recent periods, but it is not sufficient to cover operating costs, keeping overall earnings materially loss-making.

Balance Sheet

The balance sheet is a key strength. Leverage is extremely low with near-zero debt relative to equity across periods, which reduces financial risk and provides flexibility. Equity and total assets have grown materially over time, supporting liquidity and staying power through down-cycles. The main weakness is returns: return on equity is negative in the most recent periods due to ongoing losses, meaning the capital base is not currently generating profits.

Cash Flow

Cash generation has weakened materially. TTM (Trailing-Twelve-Months) operating cash flow and free cash flow are both significantly negative, indicating the business is consuming cash rather than producing it. The company did generate strong positive operating and free cash flow in 2023, but it has since reverted to cash burn, raising execution and funding-risk concerns if losses persist. A modest positive free cash flow growth figure in TTM (Trailing-Twelve-Months) is not enough to offset the fact that cash flow remains meaningfully negative.

Breakdown	TTM	Jul 2025	Jul 2024	Jul 2023	Jul 2022	Jul 2021
Income Statement
Total Revenue	20.20M	66.84M	224.00K	164.39M	23.16M	0.00
Gross Profit	-19.67M	24.48M	37.00K	31.05M	7.29M	-4.48M
EBITDA	-103.96M	-84.50M	-31.25M	10.87M	8.14M	-11.54M
Net Income	-81.54M	-87.66M	-29.22M	-3.31M	5.25M	-14.81M
Balance Sheet
Total Assets	1.53B	1.11B	889.83M	737.59M	354.25M	169.54M
Cash, Cash Equivalents and Short-Term Investments	486.35M	148.93M	156.26M	45.61M	32.54M	44.31M
Total Debt	0.00	2.30M	2.60M	1.28M	1.18M	10.33M
Total Liabilities	119.69M	123.75M	111.72M	105.76M	27.34M	18.09M
Stockholders Equity	1.41B	983.90M	778.11M	631.83M	326.91M	151.46M
Cash Flow
Free Cash Flow	-121.85M	-70.15M	-109.92M	71.92M	-54.20M	-41.70M
Operating Cash Flow	-116.63M	-64.46M	-106.49M	72.57M	-52.99M	-41.47M
Investing Cash Flow	-58.06M	-157.03M	-24.64M	-124.78M	-110.84M	-3.62M
Financing Cash Flow	597.96M	284.84M	173.08M	65.42M	157.27M	84.46M

Uranium Energy Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 12.51
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For UEC, the sentiment is Negative. The current price of 12.51 is below the 20-day moving average (MA) of 14.15, below the 50-day MA of 15.83, and above the 200-day MA of 12.27, indicating a neutral trend. The MACD of -0.78 indicates Positive momentum. The RSI at 37.75 is Neutral, neither overbought nor oversold. The STOCH value of 21.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for UEC.

Uranium Energy Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
UUUU	56 Neutral	$4.05B	―	-13.16%	―	103.69%	-126.48%
LEU	54 Neutral	$3.81B	56.06	18.29%	―	15.25%	37.48%
URG	49 Neutral	$595.99M	-6.84	-76.17%	―	138.94%	-62.94%
UEC	48 Neutral	$6.13B	-149.77	-7.09%	―	189.19%	-38.15%

Uranium Energy Corporate Events

Uranium Energy Expands U.S. ISR Production Capacity Footprint

On March 23, 2026, Uranium Energy Corp reported it had secured state regulatory approval and begun uranium extraction at three additional header houses in wellfield 11 at its Christensen Ranch ISR operation in Wyoming, with another header house pending approval and three more under construction in neighboring wellfields. The expansion, combined with the Burke Hollow mine in South Texas being ready for startup pending final state clearance, is set to materially lift the company’s U.S. production capacity and deepen its operational footprint in key domestic uranium basins.

The company also disclosed that on March 18, 2026, its wholly owned United States Uranium Refining & Conversion Corp subsidiary received a U.S. Nuclear Regulatory Commission docket number for a planned uranium conversion facility, achieving a first licensing milestone as it advances engineering, design and site selection. This regulatory progress supports UEC’s goal of becoming the only American vertically integrated nuclear fuel supplier, a move aimed at strengthening U.S. nuclear fuel supply security and reducing reliance on foreign conversion capacity amid a tightening global conversion market.

The most recent analyst rating on (UEC) stock is a Hold with a $12.00 price target. To see the full list of analyst forecasts on Uranium Energy stock, see the UEC Stock Forecast page.

Uranium Energy Highlights Strong Q2 Results and U.S. Expansion

On March 10, 2026, Uranium Energy Corp reported results for the second quarter of fiscal 2026, highlighting uranium sales at $101 per pound from its physical portfolio, a robust balance sheet with $818 million in liquid assets and no debt, and an inventory of 1.456 million pounds of U₃O₈ at January 31, 2026. The company emphasized the benefits of its unhedged sales strategy versus the quarter’s average spot price and its large U.S. resource base as key to scaling production in a strengthening uranium market.

Operationally, UEC reported that by January 31, 2026 it had produced about 244,000 pounds of uranium from Christensen Ranch at a total cost of $37.28 per pound, completed construction of the Burke Hollow ISR project in Texas, added new header houses at Christensen Ranch in Wyoming, and shifted the Irigaray processing plant to 24/7 operations after refurbishment. Development advanced at the Ludeman and Sweetwater ISR projects and the Roughrider project in Canada, while work accelerated on the United States Uranium Refining & Conversion Corp initiative to establish a domestic refining and conversion capability.

The company framed these advances against recent U.S. policy moves, including the January 14, 2026 presidential proclamation under Section 232 and uranium’s addition to the U.S. critical minerals list in November 2025, which underscore concerns over reliance on foreign nuclear fuel processing. Management argued that UEC’s expanding U.S. production capacity and vertically integrated strategy position it to benefit from potential trade remedies, national security-driven procurement and long-term efforts to rebuild the domestic nuclear fuel supply chain.

The most recent analyst rating on (UEC) stock is a Buy with a $14.50 price target. To see the full list of analyst forecasts on Uranium Energy stock, see the UEC Stock Forecast page.