Energy Fuels (UUUU) Stock Surges: What's Driving It?

Energy Fuels Inc (NYSE:UUUU) shares are trading higher on Wednesday. Roth Capital upgraded the stock from Sell to Neutral and lifted its price target from $13 to $15.50. Here’s what you may want to know.

• Energy Fuels stock is among today’s top performers. What’s fueling UUUU momentum?

Why Roth Capital Upgraded The Stock

Roth Capital analyst Joe Reagor said the upgrade reflects improving "near‑term catalysts and sentiment," which he believes are now skewing more positive for the company, Investing.com reported.

The firm pointed to strong market momentum and a rising uranium spot price as factors that could help cushion the stock against any short‑term pullbacks. Energy Fuels is well‑positioned to benefit from a strengthening uranium market.

Can Energy Fuels Keep Its Momentum

Energy Fuels stock is currently trading 31% above its 20-day simple moving average (SMA) and 52.7% above its 100-day SMA, demonstrating significant strength in the short to medium term. Over the past 12 months, shares have skyrocketed by 394.88%, and they are positioned closer to their 52-week highs than lows, indicating a strong upward trend.

The RSI is at 67.77, which is considered neutral, while the MACD is above its signal line, indicating bullish momentum. This combination suggests that while the stock is not overbought, it is showing strength that could attract further buying interest. It’s worth noting, however, that RSI is nearing overbought territory.

• Key Resistance: $27.50

Analyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price target of $11.88. Other recent analyst moves include:

• HC Wainwright & Co.: Buy (Maintains Target at $26.75) (Jan. 9)
• B. Riley Securities: Buy (Raises Target to $27.00) (Jan. 20)

UUUU Price Action: Energy Fuels shares were up 8.73% at $26.27 at the time of publication on Wednesday, according to Benzinga Pro.

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