Energy Fuels (UUUU) saw its stock price plummet by 8.06% in Tuesday's trading session, as part of a broader sell-off affecting rare earth stocks. The company, which is involved in uranium and rare earth element production, was caught in a downdraft that impacted several players in the sector.

The sell-off in rare earth stocks was widespread, with several companies experiencing significant declines. Critical Metals led the pack with a 16% drop, followed by United States Antimony Corporation (UAMY) falling 14%, and USA Rare Earth declining by 12%. Other notable companies in the sector, including NioCorp and Perpetua, also saw their stocks tumble by approximately 10%.

While the exact catalyst for this sector-wide decline remains unclear, it suggests a shift in investor sentiment or potential concerns about the rare earth market. This movement comes despite a recent positive development for Energy Fuels, as H.C. Wainwright raised its target price for the company to $27.5 from $16.25 earlier in the day. However, this upgrade appears to have been overshadowed by the broader market trends affecting rare earth stocks.