Shares of power producers moved up as bullish sentiment in Wall Street offset Treasury yields hovering around multidecades highs.

Uranium Energy is making big leaps in its plans to build out its uranium supply in Canada and the U.S., but there are risks to its ambitious expansion plans. RBC's Andrew Wong said that the company is ramping uranium production in Wyoming and Texas, developing the Roughrider project in Saskatchewan, and plans to build new uranium conversion capacity in the U.S. Wong said that building greenfield conversion in the U.S. comes with significant risks and plan details are currently limited.