Energy Fuels (UUUU) AI Stock Analysis

• Market Cap: $3.85B
• Dividend Yield: N/A
• Average Volume (3M): 16.23M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.21
• Revenue Growth: 42.73%
• EPS Growth: -557.43%
• Country: US
• Employees: 1,260
• Sector: Energy
• Sector Strength: 52
• Industry: Uranium
• EPS (TTM): -0.10
• Shares Outstanding: 230,674,910
• 10 Day Avg. Volume: 19,046,189
• 30 Day Avg. Volume: 16,225,500
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.28
• Enterprise Value/Revenue: 16.45
• Enterprise Value/Gross Profit: -12.30K
• Enterprise Value/Ebitda: -13.96
• 1Y Price Target: $13.29
• Price Target Upside: -20.47% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5

• Rating: 64 Neutral
• Price Target: $9.00 ▼(-46.14% Downside)

Energy Fuels' strong revenue growth and strategic advancements in Uranium and Rare Earths production are promising. However, persistent losses and negative cash flows weigh heavily on the score. The technical indicators show positive momentum, but valuation concerns due to the negative P/E ratio and lack of dividends limit the overall attractiveness.

Positive Factors

Revenue Growth

Strong revenue growth indicates expanding market reach and effective business strategies, positioning Energy Fuels well in the nuclear and rare earth sectors.

Strategic Partnerships

The partnership with Vulcan Elements enhances Energy Fuels' market position in rare earths, crucial for defense and tech industries, reducing reliance on China.

Balance Sheet Health

A robust balance sheet with high liquidity and no debt provides financial stability and flexibility for future investments and growth initiatives.

Negative Factors

Persistent Losses

Ongoing losses indicate challenges in achieving profitability, which may hinder long-term financial sustainability and investor confidence.

Negative Cash Flow

Negative cash flow suggests difficulties in converting earnings into cash, potentially limiting operational flexibility and investment capacity.

Operational Inefficiencies

Operational inefficiencies reflected in negative margins can impact profitability and competitiveness, necessitating improvements in cost management.

Energy Fuels Business Overview & Revenue Model

Company Description

Energy Fuels Inc., together with its subsidiaries, engages in the extraction, recovery, exploration, and sale of conventional and in situ uranium recovery in the United States. The company owns and operates the Nichols Ranch project, the Jane Dough property, and the Hank project located in Wyoming; and the Alta Mesa project located in Texas, as well as White Mesa Mill in Utah. It also holds interests in uranium and uranium/vanadium properties and projects in various stages of exploration, permitting, and evaluation located in Utah, Wyoming, Arizona, New Mexico, and Colorado. The company was formerly known as Volcanic Metals Exploration Inc. and changed its name to Energy Fuels Inc. in May 2006. Energy Fuels Inc. was incorporated in 1987 and is headquartered in Lakewood, Colorado.

How the Company Makes Money

Energy Fuels generates revenue primarily through the sale of uranium and vanadium. The company's revenue model is based on the extraction and processing of these minerals, which are then sold to various customers, including nuclear power plants and industrial users. Key revenue streams include the direct sale of uranium concentrate, also known as yellowcake, and vanadium products. The company may also engage in long-term contracts and spot market sales, which can fluctuate based on market demand and pricing. Additionally, Energy Fuels has strategic partnerships and agreements with other companies in the nuclear and energy sectors, which may provide further revenue opportunities and enhance its market position. Factors contributing to its earnings include the global demand for nuclear energy, government policies supporting clean energy initiatives, and the volatility of the commodities market for uranium and vanadium.

Energy Fuels Financial Statement Overview

Summary

Energy Fuels shows strong revenue growth but remains unprofitable with negative cash flows. The balance sheet is robust with low leverage, but operational inefficiencies persist, impacting profitability.

Income Statement

Energy Fuels has demonstrated significant revenue growth, increasing from $12.5M in 2022 to $78.1M in 2024. However, the company remains unprofitable, with a negative net income of $47.8M in 2024. Margins are concerning, with a gross profit margin of approximately 28.4% in 2024 and negative EBIT and EBITDA margins, indicating operational inefficiencies.

Balance Sheet

The balance sheet shows a strong equity base with a stockholders' equity of $527.8M in 2024, reflecting a solid equity ratio of 86.3%. The debt-to-equity ratio is low at 0.004, indicating minimal leverage, which reduces financial risk. However, the company has yet to achieve a positive ROE due to persistent losses.

Cash Flow

Energy Fuels has faced challenges in cash flow generation, with a negative free cash flow of $74.9M in 2024. Operating cash flows have also been negative, and the operating cash flow to net income ratio indicates that cash losses are significant compared to net income. The free cash flow to net income ratio is negative, highlighting the company's struggle to convert earnings into cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	65.08M	78.11M	37.93M	12.52M	3.18M	1.66M
Gross Profit	-87.00K	22.20M	19.75M	4.67M	1.37M	14.00K
EBITDA	-76.70M	-34.05M	-28.42M	-52.94M	-30.95M	-20.02M
Net Income	-93.11M	-47.77M	99.86M	-89.33M	-763.00K	-29.12M
Balance Sheet
Total Assets	702.47M	611.97M	401.94M	273.95M	315.45M	183.24M
Cash, Cash Equivalents and Short-Term Investments	197.90M	119.46M	190.49M	75.01M	113.01M	22.41M
Total Debt	0.00	2.18M	1.32M	1.38M	469.00K	758.00K
Total Liabilities	57.70M	80.29M	22.73M	29.54M	19.92M	25.69M
Stockholders Equity	640.18M	527.79M	375.25M	240.43M	291.57M	153.81M
Cash Flow
Free Cash Flow	-116.40M	-75.00M	-60.12M	-51.70M	-30.66M	-32.80M
Operating Cash Flow	-88.21M	-43.97M	-15.41M	-49.70M	-29.29M	-32.18M
Investing Cash Flow	-54.92M	-13.30M	-23.85M	-7.07M	3.19M	3.58M
Financing Cash Flow	166.93M	15.59M	30.41M	7.87M	117.94M	36.58M

Energy Fuels Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 16.71
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For UUUU, the sentiment is Positive. The current price of 16.71 is above the 20-day moving average (MA) of 13.63, above the 50-day MA of 11.33, and above the 200-day MA of 6.62, indicating a bullish trend. The MACD of 1.69 indicates Negative momentum. The RSI at 73.66 is Negative, neither overbought nor oversold. The STOCH value of 72.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for UUUU.

Energy Fuels Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LEU	65 Neutral	$5.56B	50.17	45.35%	―	12.72%	8.10%
UUUU	64 Neutral	$3.85B	―	-18.27%	―	42.73%	-557.43%
MRC	61 Neutral	$1.24B	-61.22	-0.56%	―	-9.81%	-124.43%
CLNE	60 Neutral	$620.59M	-3.10	-34.45%	―	4.92%	-156.72%
UEC	60 Neutral	$6.35B	-66.81	―	―	29737.95%	-187.76%
URG	54 Neutral	$642.10M	-10.61	-40.05%	―	149.20%	5.04%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%

Energy Fuels Corporate Events

Energy Fuels Announces Executive Departure and Compensation

On August 27, 2025, Energy Fuels Inc. and its subsidiary Base Resources Limited announced the termination of Timothy J. Carstens’ employment, effective December 31, 2025. Mr. Carstens, the Executive Vice President of Heavy Mineral Sands Operations, decided to step down as his role was deemed unnecessary for operational reasons. The Separation Deed outlines his entitlements, including a cash payment and the vesting of certain stock options, which could impact the company’s financials and stakeholder interests.

Energy Fuels Appoints Ross R. Bhappu as President

On July 31, 2025, Energy Fuels Inc. announced that Ross R. Bhappu will assume the role of President effective August 4, 2025, while Mark S. Chalmers will continue as CEO. This leadership change aligns with the company’s long-term succession plans. Mr. Bhappu, who has over 35 years of experience in mining and private equity, brings significant expertise, particularly in copper concentrate marketing and rare earth mining. His appointment is expected to strengthen the company’s operations and strategic positioning in the mining sector.

Energy Fuels Appoints New CFO with Formal Agreement

On July 16, 2025, Energy Fuels Inc. formalized an employment agreement with Nathan R. Bennett, its Chief Financial Officer, effective from July 10, 2025. The agreement outlines Mr. Bennett’s compensation, including a base salary of $295,000, a cash bonus opportunity, and equity awards. It also details conditions for termination and renewal, with severance provisions in case of termination without cause or resignation for good reason.

Energy Fuels Enters New Equity Offering Agreement

On June 13, 2025, Energy Fuels Inc. entered into a new Controlled Equity Offering Agreement with several agents, allowing the company to sell common shares at its discretion through an ‘at the market’ program. This move follows the termination of a previous sales agreement from 2024, enabling the company to potentially raise up to $300 million, which could impact its market positioning and provide flexibility in capital management.