Energy Fuels Inc. (UUUU) reported a significant increase in revenues, surging 112% year-over-year to $35.8 million in Q1 2026, largely due to uranium sales of 510,000 pounds at an average price of $70.04 per pound. The company continues to face operating losses, reporting a loss of four cents per share compared to a loss of 13 cents per share in the same quarter last year. Energy Fuels has a working capital of $956.6 million as of the end of the quarter, including $108.4 million in cash and cash equivalents.
Uranium prices have stabilized at around $86, down from earlier highs above $100. UUUU’s stock is currently trading at a forward price-to-sales ratio of 24.33, significantly higher than the industry average of 5.15. While the company has gained 19.4% year-to-date, it lags behind its industry peers, with Cameco Corporation (CCJ) increasing 24.6% during the same period.
For 2026, Energy Fuels anticipates uranium production to reach between 2 to 2.5 million pounds, with planned sales between 1.5 to 2 million pounds. The company is targeting 2027 for its first profitable year, projecting revenues of $225.6 million, up 57.6% from 2026.
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