Energy Fuels (UUUU) stock surged 5.02% during intraday trading on Wednesday, significantly outperforming the broader market.
The sharp rise follows an upgrade from President Capital, which changed its rating on Energy Fuels from Neutral to Buy and set a price target of $24.60. Analyst sentiment has been generally positive for the company, with FactSet polling indicating an average Buy rating and a mean price target of $27.44.
The stock's movement also aligns with a broader rally in nuclear energy stocks during premarket trading, where Energy Fuels was noted as having risen 2% alongside peers like NuScale Power and Oklo.