From Nasdaq: 2025-02-17 13:38:00

Energy Fuels Inc. UUUU is expected to report higher revenues and break-even earnings in the fourth quarter of 2024. The Zacks Consensus Estimate for earnings is at break-even, a significant improvement from the loss reported in the same period last year. Revenues are estimated to be $45.25 million, a notable increase from the previous year.

Energy Fuels’ earnings history shows beats in two of the last four quarters. The company’s stock is currently trading at a forward sales multiple of 5.98, higher than the industry average. Despite this, Energy Fuels remains a good investment due to its focus on uranium production and rare earth elements.

Factors likely to impact Energy Fuels’ performance in Q4 include the resumption of ore shipments following an agreement with Navajo Nation. Despite challenges, the company is expected to capitalize on the uranium market. With a debt-free balance sheet, Energy Fuels is well-positioned to meet the demand for clean energy technologies.

Investors should consider Energy Fuels’ stock for its long-term potential in the uranium market. Despite temporary price declines, the company’s strategy to enhance production capacity and focus on clean energy trends make it a promising investment. Additionally, the recent acquisition of Base Resources Limited strengthens its position in the rare earth elements market.



Read more at Nasdaq: Energy Fuels’ Q4 Earnings Coming Up: How Should You Play the Stock?