Wall Street analysts are forecasting a growth rate of 26.10% for this uranium company.
Energy Fuels (UUUU)
From The National Investor
When I first recommended Energy Fuels (UUUU) in late 2015, I was optimistic that a turnaround for the uranium price was at hand. But the bullish scenario I painted has taken a long time to develop. However, it is still intact, as the continued build out of larger fleets of reactors in much of the world attests. Plus, a new purchasing cycle looms for utilities.
Added now to the bullish scenario will be the incoming Trump Administration. The president-elect will attempt to make America more independent where our uranium supply is concerned. Incredibly, though about 20% of total U.S. electric power is generated via nuclear power plants, 94% of the 56 million pounds of uranium that U.S. utilities purchased in 2015 came from foreign sources!
That is despite significant unused capacity in the U.S. And nobody has more of that than Energy Fuels, which after a recent acquisition, has three U.S.-based production centers for fuel-grade uranium. Most of all, the company has incredible “optionality,” possessing the ability to fairly easily ramp production up to several times its present rate once the market recovers.
Though off their more depressed levels of this past Fall, UUUU shares still represent explosive potential and are rated a “BUY.”
Chris Temple, The National Investor, www.nationalinvestor.com, 847-986-6320, January 5, 2017