Energy Fuels
UUUU on NYSEAmerican. Energy Fuels sells uranium to nuclear power plants. Market value $2.7bn.
Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Materials stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $-3.86 of spare cash last year. A savings account pays about $4.
The filings do not give us enough to work this out.
The filings do not give us enough to work this out.
Quality score: 50 of 100. Price score: 0 of 100. Our list needs 70 on quality and 60 on price.
$11.26 a share, 6% above its 1-year low
Over the past year the price has ranged from $10.61 to $27.90.
Pays no dividend
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $3m | $13m | $38m | $78m | $66m |
| Operating margin | |||||
| Operating margin | -1112.6% | -359.1% | -85.3% | -60.8% | -153.4% |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | n/a | 1.00 |
| Shares outstanding | |||||
| Shares outstanding | 0.16bn | 0.16bn | 0.20bn | 0.24bn | 0.25bn |
Health checks
- Free cash flow positive0 of 5 years
- Accounting checksSkipped: company is not yet profitable
- Debt1.00× equity
- Revenue growth, five yearsStrong, 108.9% a year
- Buying back its own sharesNo, 59% more shares since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $25 million last quarter, up 496% on a year ago.
- A loss of $33 million, compared with a loss of $22 million a year ago.
- It loses 91 cents on each $1 of sales, compared with 143 cents a year earlier.
- 13% more shares than a year ago. Each share owns a bit less of the company.
- Sales grew on a year ago in 3 of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $4m |
| December 2024 | $40m |
| March 2025 | $17m |
| June 2025 | $4m |
| September 2025 | $18m |
| December 2025 | $27m |
| March 2026 | $36m |
| June 2026 | $25m |
| Quarter to | Amount |
|---|---|
| September 2024 | -$12m |
| December 2024 | -$33m |
| March 2025 | -$26m |
| June 2025 | -$22m |
| September 2025 | -$17m |
| December 2025 | -$21m |
| March 2026 | -$11m |
| June 2026 | -$33m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 26 February 2026
- Next quarterly (estimated, 10-Q)
- 4 November 2026
Who owns it
1 long-term investor we follow owns it, up from 0 last quarter. 348 funds in all.
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Gotham Asset ManagementJoel Greenblatt | $335,791 | <0.1% | New |
Largest holders overall
- VAN ECK Associates$283mAdded
- Mirae Asset Global Etfs Holdings$249m
- BlackRock$227mAdded
- Vanguard Capital Management$216mAdded
- Alps Advisors$141mAdded
- Morgan Stanley$128mAdded
- Price T Rowe Associates$127mAdded
- Ameriprise Financial$125mAdded
- Vanguard Portfolio Management$93mAdded
- American Century Companies$61mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
4 investors own more than 5%.
- Van Eck Associates CorporationPassive investor7.8%+1.3 ptsSince 30 June 2026
- BlackRock, Inc.Passive investor7.8%Since 31 December 2024
- Vanguard Capital ManagementPassive investor7.3%Since 31 March 2026
- Global X Management CO LLCPassive investor6.8%+1.1 ptsSince 31 March 2026
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
Van Eck Associates Corporation Passive investor | 7.8%+1.3 pts | 30 June 2026 | |
BlackRock, Inc. Passive investor | 7.8% | 31 December 2024 | |
Vanguard Capital Management Passive investor | 7.3% | 31 March 2026 | |
Global X Management CO LLC Passive investor | 6.8%+1.1 pts | 31 March 2026 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 2 insiders bought $1m of shares on the open market. 8 sold $8m.
- HANSEN BRUCE DDirectorBought
- Date
- 8 July 2026
- Shares
- 4,000
- Price
- $12.70
- Value
- $50,780
- Bhappu Ross R.President and CEOBought
- Date
- 7 July 2026
- Shares
- 74,000
- Price
- $13.08
- Value
- $967,920
- KAPOSTASY DANIELVP, Technical ServicesSold
- Date
- 10 April 2026
- Shares
- 15,000
- Price
- $18.71
- Value
- $280,650
- KAPOSTASY DANIELVP Technical ServicesSold
- Date
- 18 March 2026
- Shares
- 25,000
- Price
- $18.84
- Value
- $471,000
- HIGGS DENNIS LYLEDirectorSold
- Date
- 10 March 2026
- Shares
- 6,000
- Price
- $20.64
- Value
- $123,840
- HIGGS DENNIS LYLEDirectorSold
- Date
- 9 March 2026
- Shares
- 8,000
- Price
- $19.62
- Value
- $156,960
- Filas Barbara AppelinDirectorSold
- Date
- 9 March 2026
- Shares
- 5,000
- Price
- $19.51
- Value
- $97,550
- Moore CurtisSenior VP, Marketing &Sold
- Date
- 2 March 2026
- Shares
- 10,000
- Price
- $23.12
- Value
- $231,200
- BENNETHUM DEBRAVP Critical Minerals &Sold
- Date
- 19 December 2025
- Shares
- 2,054
- Price
- $15.21
- Value
- $31,241
- Morrison Alex GDirectorSold
- Date
- 15 December 2025
- Shares
- 38,869
- Price
- $14.32
- Value
- $556,634
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 8 July 2026 | HANSEN BRUCE D Director | Bought | 4,000 | $12.70 | $50,780 |
| 7 July 2026 | Bhappu Ross R. President and CEO | Bought | 74,000 | $13.08 | $967,920 |
| 10 April 2026 | KAPOSTASY DANIEL VP, Technical Services | Sold | 15,000 | $18.71 | $280,650 |
| 18 March 2026 | KAPOSTASY DANIEL VP Technical Services | Sold | 25,000 | $18.84 | $471,000 |
| 10 March 2026 | HIGGS DENNIS LYLE Director | Sold | 6,000 | $20.64 | $123,840 |
| 9 March 2026 | HIGGS DENNIS LYLE Director | Sold | 8,000 | $19.62 | $156,960 |
| 9 March 2026 | Filas Barbara Appelin Director | Sold | 5,000 | $19.51 | $97,550 |
| 2 March 2026 | Moore Curtis Senior VP, Marketing & | Sold | 10,000 | $23.12 | $231,200 |
| 19 December 2025 | BENNETHUM DEBRA VP Critical Minerals & | Sold | 2,054 | $15.21 | $31,241 |
| 15 December 2025 | Morrison Alex G Director | Sold | 38,869 | $14.32 | $556,634 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.