$UEC

Paraguay's President Peña resigned amid a banking crisis, but impeachment proceedings continue. Uranium Energy (UEC) plans to invest $12M in Paraguay's uranium sector. UEC shares rose 4.6% to $6.78. The country aims to attract U.S. investment in its mining sector, including uranium and titanium projects. UEC's Alto Paraná titanium project has significant resources, with a base-case NPV of $419M. Political uncertainty may impact UEC's plans.

Uranium Energy Corp (UEC) signed long-term sales contracts with two U.S. utilities for 1.1 million pounds of uranium over six years, priced at market rates. The company aims to leverage its unhedged strategy, which delivered an average price of $93.13 per pound in 2026, and meet growing domestic demand.

Urenco USA's National Enrichment Facility in New Mexico has completed 75% of its expansion, adding 700,000 SWUs of uranium enrichment capacity. The facility aims to reach 7 million SWUs by 2034. U.S. nuclear energy demand is rising, driven by AI and data centers, but reliance on foreign fuel poses risks. Uranium Energy Corp. (UEC) has also started production at its Burke Hollow uranium project in Texas.

Cameco (CCJ), Centrus Energy (LEU), and Uranium Energy (UEC) are positioned to benefit from a growing demand for nuclear fuel. Cameco offers uranium production and fuel services, Centrus focuses on uranium enrichment, and Uranium Energy is expanding domestic uranium production. The companies provide different investment opportunities in the nuclear fuel supply chain.

Uranium Energy Corp (UEC) has formed a National Security Advisory Council, co-chaired by former NNSA Administrator Tom D'Agostino and Admiral James Caldwell. The council includes officials with nuclear security and U.S. Navy backgrounds, aiming to support UEC's expansion into uranium conversion. UEC is America's largest uranium company, listed on the NYSE American.

Uranium prices hit new highs, with long-term contracts at $96.50/lb and spot at $89.63/lb, according to Cameco. Despite this, uranium equities like Cameco (CCJ) and the VanEck Uranium ETF (NLR) have declined. Policy support for nuclear energy grew, with a U.S.-Korea framework for reactor deployment. Lithium prices also rose, with Chinese battery-grade lithium carbonate averaging 122,350 yuan/tonne.

Uranium prices hit a 19-year high of $96/lb, but nuclear stocks fell. Cameco (CCJ) dropped 7% in 2026, despite the price surge. Utilities are hesitant to sign new contracts, and term contracting volumes fell 15%. Other nuclear stocks like UEC, OKLO, and SMR also saw significant declines.

Uranium Energy Corp. (UEC) and enCore Energy Corp. (EU) are U.S. uranium producers with market caps of $4.63B and $209M, respectively. UEC reported FY production of 229,294 lbs, with Q4 output at 82,744 lbs. Cash production costs were $30.01/lb, total costs $36.54/lb. UEC has $753M in liquid assets, including $495M cash, and no debt. Investors must consider production risks and financing demands.

Bank of America analysts forecast a 100 GW power shortfall in the U.S. by 2028 due to AI-driven demand. Six companies—Bloom Energy, Uranium Energy, Uranium Royalty, DigiPower X, VivoPower, and IREN—are positioned to benefit from this shortage, offering solutions in fuel cells, uranium, royalties, and data center infrastructure.

RBC's Andrew Wong sees strong crop prices supporting North American fertilizer companies. He upgraded Nutrien (NTR) to 'outperform' with a $85 target, citing strong execution and supportive market conditions. He downgraded Mosaic (MOS) to 'sector perform' with a $25 target due to phosphate market challenges. Scotia's Jonathan Goldman upgraded Russel Metals (RUS) to 'sector outperform' with a $113 target, citing business transformation and strong demand.