12 Best Performing Energy Stocks to Buy Now

Page 10 of 12

3. Uranium Energy Corp. (NYSE:UEC)

Year-to-Date Performance: 33.18%

Number of Hedge Fund Holders: 31

Uranium Energy Corp. (NYSE:UEC) ranks among the best performing energy stocks to buy now. Analysts at BMO Capital began covering Uranium Energy Corp. (NYSE:UEC) earlier in June with an Outperform rating and a $7.75 price target. The analysts emphasized the company’s strategic position as a U.S.-listed uranium producer and developer with an asset portfolio centered on North America.

BMO Capital cited Uranium Energy Corp’s “hub and spoke” development model, which is renowned for having a low capital intensity. The model is expected to offer flexibility in both production and funding, especially when paired with a solid balance sheet that displays more cash than debt and a strong current ratio of 10.11.

The firm also highlighted Uranium Energy Corp’s marketing strategy, which seeks to collect uranium prices near the spot market.

A uranium mining and exploration company, Uranium Energy Corp. (NYSE:UEC) focuses on low-cost, eco-friendly in-situ recovery (ISR) activities. The company operates two ISR hub-and-spoke production systems in Wyoming and South Texas.

Page 10 of 12