Are Uranium Stocks Worth Considering Today?

The energy market is on the move, and nuclear power, long shunned, is making a comeback. At the center of that story is uranium, the fuel that keeps nuclear power plants running.

So it’s no surprise that more and more investors are starting to wonder:

"Should I be keeping an eye on uranium stocks? And maybe even: Is now the time to get in?"

Let’s start by briefly going over why uranium stocks are becoming interesting again.

Nuclear Energy Is Making a Comeback

The world’s demand for electricity keeps growing...

Rising Global Energy Demand

With the explosive growth of data centers, AI, electric vehicles, and digital infrastructure, the world needs more electricity. Nuclear power provides reliable, large-scale base load energy.

Climate Goals & Net Zero Targets

As countries push for carbon neutrality, nuclear energy is being recognized as a clean energy source that can operate 24/7, unlike solar and wind which depend on weather.

Government Support

Policies in the US, EU, UK, and parts of Asia are shifting in favor of nuclear:

• Subsidies for small modular reactors (SMRs)

• Extension of lifespans for existing plants

• Investments in uranium supply chains

Energy Security & Geopolitics

The Russia-Ukraine conflict reminded nations of the risks tied to energy dependency. Nuclear offers a domestically controlled alternative that boosts energy independence.

Next-Gen Technology New reactor designs (like SMRs and molten salt reactors) promise safer, more efficient, and more flexible nuclear solutions. Countries like Canada, France, and South Korea are actively advancing these technologies.

Uranium Prices Are Rising (and Then Pulling Back)

After years of low prices, uranium started climbing sharply in 2023. The spot price even surpassed $100 per pound. Prices have since cooled off a bit, but that’s exactly what makes this moment interesting.

For long-term thinkers, a correction like this can be a great entry point, both for uranium itself and for stocks of companies involved in mining or processing it.

Governments Are Betting Big on Nuclear

It’s not just investors who see potential, governments are also stepping in. For example, the US recently announced policy measures to boost the uranium sector. These include subsidies for domestic production and faster approvals for new nuclear plants.

Across Europe and Asia, there are similar moves to keep existing nuclear plants open longer or even build new ones. For uranium companies, that means a stable (and growing) long-term demand.

A Look at Interesting Uranium Stocks (With Charts and Technical Analysis)

Plenty of companies operate in this niche market. Here are a few well-known names you’re likely to come across during your research:

Cameco Corporation - CCJ (New York Stock Exchange)

Cameco is one of the world's largest publicly traded uranium companies, with significant operations in Canada and joint ventures in Kazakhstan. It holds substantial stakes in high-grade uranium mines such as Cigar Lake and McArthur River.

• Current Price: $58.18

• Technical Setup: Recent breakout on strong volume, now pulling back slightly.

• Support: ~$54 (green zone).

• Resistance: All-time high near $62.50.

• Volume: Notable spike on the breakout (green arrow).

• Outlook: Healthy uptrend with a possible continuation setup if support holds.

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Kazatomprom - KAP (London Stock Exchange)

Kazatomprom is the world's largest producer of natural uranium, accounting for over 40% of global supply. Based in Kazakhstan, it operates numerous in-situ recovery (ISR) uranium mines across the country.

• Current Price: £38.50

• Technical Setup: Strong recovery from lows with two recent volume spikes.

• Support Zones: Around £30 and more recently near £37 (green zones).

• Resistance: Current swing high (£39.70) and £41.60

• Outlook: Holding support after breakout. Needs to reclaim highs for bullish confirmation.

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NexGen Energy Ltd. - NXE (New York Stock Exchange)

NexGen is a Canadian uranium exploration and development company, primarily focused on the Rook I project in the Athabasca Basin, which hosts the high-grade Arrow deposit.

• Current Price: $6.02

• Technical Setup: Strong upward move with multiple high-volume up days.

• Support: ~$5.70 zone tested and holding.

• Resistance: $7.68 and $8.96.

• Volume: Consistent increasing volume during the advance (green arrows).

• Outlook: Pulling back after a run; still constructive if support holds.

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Uranium Energy Corp. - UEC (New York Stock Exchange)

UEC is a U.S.-based uranium mining and exploration company with a diverse portfolio of ISR projects in the United States and a pipeline of development-stage projects.

• Current Price: $5.69

• Technical Setup: Breakout from inverse head & shoulders pattern.

• Support: ~$5.40 (neckline area).

• Resistance: ~$7.12 and then $8.93.

• Volume: Big breakout volume (green arrow), followed by light pullback.

• Outlook: Strong technical base. Likely to resume upward if it can hold the SMA(20) and volume returns.

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Centrus Energy Corp. - LEU (New York Stock Exchange)

Centrus specializes in uranium enrichment services and is a key supplier of nuclear fuel for utilities in the United States and abroad.

• Current Price: $124.58

• Technical Setup: Breakout above previous resistance ($120 area), followed by tight pullback.

• Pattern: Bull flag just before breakout.

• Volume: Clear surge on breakout (green arrow).

• Outlook: Retesting breakout zone. If support holds, likely continuation to new highs.

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Denison Mines Corp. - DNN (New York Stock Exchange)

Denison is a Canadian uranium exploration and development company, with its flagship Wheeler River project located in the Athabasca Basin.

• Current Price: $1.52

• Technical Setup: Inversed Head & Shoulders Pattern.

• Support: ~$1.55

• Resistance: $1.80 and higher at $2.10 and $2.47.

• Volume: Exploding higher (green arrow), supporting the breakout.

• Outlook: Very bullish breakout volume, but last close below SMA(10)&(20). Wait for a close above support again.

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Energy Fuels Inc. - UUUU (New York Stock Exchange)

Energy Fuels is a leading U.S. uranium mining company, also involved in the production of rare earth elements and vanadium.

• Current Price: $4.87

• Technical Setup: Breakout from range with “shakeout” just before the move.

• Support: ~$4.75 (breakout zone).

• Resistance: $6.03 and $7.46.

• Volume: Heavy breakout volume (green arrow).

• Outlook: Strong breakout; minor pullback underway. Watch for higher low setup.

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enCore Energy Corp. - EU (Nasdaq Stock Exchange)

enCore is focused on becoming a leading ISR uranium producer in the United States, with several projects in Texas and New Mexico.

• Current Price: $1.92

• Technical Setup: Recovery trend with clean breakout from base.

• Support: ~$1.75 zone.

• Resistance: $2.25 and $3.76.

• Volume: Low volume during pullback (green arrow).

• Outlook: Improving structure, potential new trend beginning.

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But a word of caution…

As always, there are risks involved. Uranium stocks tend to be volatile and heavily influenced by geopolitics and regulations. If a government suddenly decides to shut down a nuclear plant or restrict uranium imports, that can directly impact stock prices.

Also, this isn’t a sector every investor will immediately understand. So be sure to take the time to do your homework before taking a position.

In Summary

Uranium stocks are hot, and for good reason. The combination of rising demand, political backing, and relatively attractive valuations makes this sector worth a closer look.

If you have a long-term outlook, believe in the comeback of nuclear energy, and don’t mind some volatility along the way, uranium could be an interesting niche to add to your portfolio.