Energy Fuels Inc. (UUUU) saw its stock surge 5.92% in intraday trading on Monday, outperforming the broader market as nuclear stocks rallied on growing optimism over the sector's prospects.
The surge was driven by analysts' bullish outlook on nuclear power companies, which are expected to benefit from strong demand and high energy prices in 2025. Investors were excited about the potential for these companies to capitalize on the rising need for electricity at artificial intelligence data centers.
According to analysts, independent power companies like Energy Fuels are poised to benefit from this trend, with Vistra and Constellation Energy among the top performers over the past year. Large technology companies have been signing contracts with nuclear power companies to secure electricity for their future data centers.
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