In this article, we will look at the 12 Best Uranium Stocks to Buy According to Wall Street Analysts.
A nuclear power reboot is underway, thanks to artificial-intelligence data centers. This was the main takeaway from the Wall Street Journal’s What’s News podcast episode aired on May 10. Grace Vanderhei, a nuclear engineer, told the podcast that even without AI demand, the climate and clean-energy arguments for nuclear energy have massive merit.
Vanderhei noted that nuclear power, in which uranium is an essential fuel, has become a key aspect of global energy policy because of surging electricity demand from artificial-intelligence infrastructure, a worldwide push for low-carbon baseload generation, and tightening uranium supply. For that reason, uranium futures were trading at roughly $86.55 per pound as of May 1, up 24% from the same period in 2025. The long-term contract price also hit $90 per pound at the close of Q1 2026, which is its highest since 2008.
Goldman Sachs’s analysis indicates that this price surge of uranium may only be the first inning of a trend that may stretch far into the future. The bank’s analysts argued that the AI buildout makes uranium’s supply chain much more critical. After being roughly flat for years, the analysts noted, data centers’ demand for power is expected to accelerate 175% by 2030 from 2023 levels. The analysts added that to support the buildout of nuclear capacity, significant amounts of uranium will be required.
Goldman’s analysis largely aligns with a February report by Sprott Asset Management, which argued that its bull market thesis for uranium is supported by Kazakhstan’s tightening of exploration controls on uranium. The report pointed to the country’s state miner, Kazatomprom, which stated that the current prices do not provide sufficient incentive to unlock future production. Sprott added that the slow pace of mine development and a concentrated, underinvested supply base will widen the market deficit. This deficit, combined with policy tailwinds and AI-driven demand, is putting uranium equities firmly back in focus for institutional investors, Sprott concluded.
With that backdrop in mind, the following analysis identifies 12 uranium stocks that Wall Street analysts currently favor.
Our Methodology
To compile this list, we used Finviz and Yahoo Screener to identify stocks with exposure to uranium production and use in nuclear energy. We then searched for each stock’s average upside potential as of May 12, 2026, and selected the 12 names with the highest values. We also considered the hedge fund sentiment on each stock using the Q4 2025 13F filing data in Insider Monkey’s database. The list is ranked in ascending order of the upside potential.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
Best Uranium Stocks to Buy According to Wall Street Analysts
12. GE Vernova Inc. (NYSE:GEV)
Stock Upside: 18.30%
Number of Hedge Fund Holders: 115
GE Vernova Inc. (NYSE:GEV) is one of the best uranium stocks to buy according to Wall Street analysts. On April 27, Argus analyst John Eade raised his price target on GE Vernova Inc. (NYSE:GEV) from $800 to $1,300, while maintaining a Buy rating on the stock.
The upgrade came just days after GE Vernova reported a blowout performance in its Q1 2026 results on April 22. Quarterly revenue came in at $9.34 billion, up 16% compared to the same quarter last year. Analysts had expected around $9.29-9.30 billion, so this was a narrow 0.47% beat above consensus. The company also reported $17.44 in diluted EPS for the quarter, which management explained includes a $4.5 billion one-time pre-tax gain from the Prolec GE acquisition. Adjusted EPS, which strips out this one-time gain, was $1.98 and outperformed the $1.84-$1.95 consensus estimate. Management also raised its full-year 2026 revenue forecast to $44.5-$45.5 billion, up from earlier guidance of $44-$45 billion, and lifted its adjusted EBITDA margin outlook to 12%-14% from 11%-13%.
Argus noted that the robust results came on the back of surging demand for electrification, which is being driven by the rapid growth of AI and data centers. The firm’s analysis shows that GE Vernova is well-positioned to capitalize on this trend because it operates across the full electricity value chain through three business segments.
GE Vernova Inc. (NYSE:GEV) is a global energy transition company that, through its subsidiary Global Nuclear Fuel, manufactures and supplies processed uranium fuel bundles and engineers advanced accident-tolerant nuclear fuels with higher Uranium-235 enrichment. Beyond fuel fabrication, it develops and deploys advanced nuclear reactors, including the flagship BWRX-300 Small Modular Reactor (SMR), to generate clean utility-scale electricity worldwide.
11. NexGen Energy Ltd. (NYSE:NXE)
Stock Upside: 21.59%
Number of Hedge Fund Holders: 37
NexGen Energy Ltd. (NYSE:NXE) is one of the best uranium stocks to buy according to Wall Street analysts. On May 8, Scotiabank raised its price target on NexGen Energy Ltd. (NYSE:NXE) to C$22 from C$18, while maintaining its Outperform rating.
This is the second time this year that Scotiabank has maintained the Outperform rating, following its initial call in November 2025. At the time, the analysts rated the stock Outperform and set the price target at C$16. On March 6, the firm raised the price target to C$18 and left the Outperform rating untouched.
On May 7, NexGen Energy Ltd. reported final 2025 assay results from its Patterson Corridor East (PCE) discovery, confirming the expansion of high‑grade uranium zones. Key drill holes returned strong grades, including 13.0 m at 5.2% U3O8 and 10.0 m at 3.95% U3O8, with intercepts showing continuity and similarities to the company’s Arrow Deposit. A new secondary high‑grade subdomain was also identified, with intercepts up to 33.3% U3O8, highlighting significant growth potential.
Exploration drilling in 2026 is already underway, with over 29,000 m completed and more scheduled to resume on May 25. CEO Leigh Curyer emphasized that these results confirm PCE’s scale and high‑grade potential, reinforcing NexGen’s opportunity to deliver reliable uranium supply amid global shortages. With the Rook I Project entering major construction this summer, NexGen continues to advance PCE as part of its strategy to become a leading energy fuel provider.
NexGen Energy Ltd. (NYSE:NXE) is a Canadian uranium exploration and development company. The company’s flagship project is the Rook I Project, which hosts the Arrow deposit, one of the largest undeveloped uranium deposits globally.
