12 Best Uranium Stocks to Buy According to Wall Street Analysts

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.

10. Ur-Energy Inc. (NYSEAMERICAN:URG)

Stock Upside: 23.66%

Number of Hedge Fund Holders: 18

Ur-Energy Inc. (NYSEAMERICAN:URG) is one of the best uranium stocks to buy according to Wall Street analysts. On April 23, Ur-Energy Inc. (NYSEAMERICAN:URG) said it had commenced uranium mining operations at its Shirley Basin ISR project in central Wyoming. This project is the company’s second active uranium mine in the United States.

The company detailed that the Shirley Basin project uses in situ recovery, or ISR, technology, which is a low-impact extraction method. ISR involves recovering uranium-bearing groundwater through a network of wells, which is then adsorbed onto on-site ion exchange resin columns, and then transported for further processing. Ur-Energy added that active uranium capture from Mine Unit 1 is already underway. Uranium concentrations in the recovered solutions are expected to rise gradually as the wellfield is conditioned and additional production circuits are brought fully online, the company stated.

Shirley Basin carries a licensed annual wellfield and toll processing capacity of up to 2 million pounds of triuranium octoxide, or U₃O₈, which is a stable chemical compound of uranium. The basin sits on measured and indicated mineral resources of approximately 9.1 million pounds of U₃O₈ at an average grade of 0.22%. It also has an anticipated mine life of about nine years across three shallow mining units.

Ur-Energy said the project holds historical significance because the Shirley Basin district is widely recognized as the birthplace of ISR uranium mining in the United States. This site had not seen active uranium production since 1992. The company acquired the site in 2013 as part of its purchase of Pathfinder Mines.

Ur-Energy Inc. (NYSEAMERICAN:URG) is a uranium mining company that explores, recovers, and processes uranium mineral properties in the United States. The company produces uranium concentrates used as fuel for nuclear power plants through low-cost in-situ recovery mining methods.

9. Uranium Energy Corp. (NYSEAMERICAN:UEC)

Stock Upside: 26.50%

Number of Hedge Fund Holders: 35

Uranium Energy Corp. (NYSEAMERICAN:UEC) is one of the best uranium stocks to buy according to Wall Street analysts. On May 11, H.C. Wainwright analyst Heiko Ihle argued that metals markets, including uranium, still offers compelling investment value despite recent price gains, and identified Uranium Energy Corp. (NYSEAMERICAN:UEC) as one of the standout opportunities in the space.

Ihle has been bullish on Uranium Energy for some time. For instance, he has maintained a Buy rating on the stock through multiple cycles, and most recently bumped up his price target on the stock to $26.75 on March 11. On December 11, 2025, the analyst maintained the Buy rating and set a $19.75 price target.

Ihle’s confidence in Uranium Energy rests on two arguments. First off, the analyst believes that the company has a strong financial position. In its latest quarterly report released on March 10, for example, Uranium Energy held $486 million in cash with zero debt. The company also reported physical uranium inventories worth roughly $144 million, which is a war chest that Ihle says keeps the Uranium Energy well-funded to execute its production ramp without needing to raise capital at unfavorable terms.

The second argument is that Uranium Energy delivered robust operational progress in Q2 FY2026. The company sold 200,000 pounds of uranium in the quarter at $101 per pound, which is well above the quarter’s average spot price of $80.76 per pound. To Ihle, this is evidence of the company’s advantage of its unhedged inventory strategy in a rising price environment.

Uranium Energy Corp. (NYSEAMERICAN:UEC) is a uranium mining and exploration company. It focuses on the acquisition, exploration, development, and production of uranium projects in the United States, Canada, and Paraguay. The company operates in-situ recovery uranium projects in Texas and Wyoming and also holds a portfolio of uranium exploration assets and physical uranium inventories.

8. Uranium Royalty Corp. (NASDAQ:UROY)

Stock Upside: 29.57%

Number of Hedge Fund Holders: 9

Uranium Royalty Corp. (NASDAQ:UROY) is one of the best uranium stocks to buy according to Wall Street analysts. On April 21, Raymond James analyst Brian MacArthur upgraded Uranium Royalty Corp. (NASDAQ:UROY) from Market Perform to Outperform, and raised his price target to C$6.25 from C$5.75.

The decision followed Uranium Royalty’s announcement the previous week, on April 16, of the merger with Sweetwater Royalties, a privately held land and mineral royalty company in Wyoming. Sweetwater Royalties was owned by Orion Resource Partners and Ontario Teachers’ Pension Plan, who earned about $330 million in cash and $813 million in new Uranium Royalty’s shares at $3.64 per share. Uranium Royalty in return acquired Sweetwater’s core assets, including soda ash (trona) royalties on five operating mines and two greenfield projects in Wyoming’s Green River Basin. MacArthur viewed the merger deal as a transformative development for Uranium Royalty.

Additionally, MacArthur argued that Uranium Royalty’s royalty model is itself quite appealing. Royalty companies like Uranium Royalty give investors broad exposure to uranium price movements while shielding them from the cost risks that come with actually operating mines, the analyst noted.

Beyond the cost-protection advantage, MacArthur also highlighted that Uranium Royalty’s royalty portfolio spans assets in jurisdictions with relatively low political and regulatory risk. He added that these assets are operated by some of the stronger names in the uranium industry, which reduces the chance of project disruptions that could erode royalty income.

Uranium Royalty Corp. (NASDAQ:UROY) is a uranium-focused royalty and streaming company. It acquires and manages royalties, streams, debt interests, and physical uranium investments tied to uranium mining projects globally.

7. Denison Mines Corp. (NYSEAMERICAN:DNN)

Stock Upside: 30.79%

Number of Hedge Fund Holders: 39

Denison Mines Corp. (NYSEAMERICAN:DNN) is one of the best uranium stocks to buy according to Wall Street analysts. On May 6, Cosa Resources Corp. released winter 2026 drilling results from the Darby uranium project, which it co-owns with Denison Mines Corp. (NYSEAMERICAN:DNN). The project is a 70/30 joint venture between Cosa and Denison, and Cosa is the operator. It is located just 10 kilometers west of Cameco Corporation’s Cigar Lake Mine, which is one of the world’s largest high-grade uranium mines.

According to the drilling results, the winter program drilled three holes targeting three distinct geological trends, that is Charlie, Gamma, and Delta. At the Charlie Trend, drill hole DB26-39A returned strongly anomalous uranium concentrations in the sandstone, which averaged 5.6 parts per million (ppm) over 103.5 meters. The hole also intercepted a thin interval of actual uranium mineralization grading 0.04% U₃O₈ over 0.5 meters. The company said this is the second such interception at Charlie, and that it confirms the trend holds genuine exploration potential.

At the Gamma Trend, the project drilled a hole roughly 150 meters across, and it was characterized by graphitic basement faulting, zones of hydrothermal alteration, and significant unconformity relief. These features form a geological setting geologists consider highly favorable for uranium deposit formation, the company noted.

Cosa said results from the Delta Trend were less conclusive because the single drill hole did not return significant findings. However, the company added, geochemical assays are still pending and several kilometers of prospective strike length at site are still untested.

Denison Mines Corp. (NYSEAMERICAN:DNN) is a uranium exploration and development company. Its flagship asset is the Wheeler River Uranium Project, which includes the high-grade Phoenix deposit planned for development using in-situ recovery methods.

6. Constellation Energy Corporation (NASDAQ:CEG)

Stock Upside: 32.18%

Number of Hedge Fund Holders: 76

Constellation Energy Corporation (NASDAQ:CEG) is one of the best uranium stocks to buy according to Wall Street analysts. On May 11, Constellation Energy Corporation (NASDAQ:CEG) reported its Q1 FY2026 financial results, in which it posted adjusted operating earnings of $2.74 per share against the $2.54 that Wall Street expected. Quarterly revenue came in at $11.1 billion, a massive 64% year over year jump, and well ahead of the forecasted $8.5 billion.

According to management, this revenue jump was driven almost entirely by the addition of Calpine Corporation, a major natural gas power generator that Constellation acquired in early 2026. This new unit brought in a large new fleet of gas, solar, and other assets onto Constellation’s books for the first time.

On the EPS side, the Calpine acquisition contributed approximately $2 per share of annualized accretion, meaning it directly lifted the company’s earnings power. On top of that, higher capacity prices in the PJM power grid region and lower stock-based compensation added to the beat. These gains were partially offset by more planned nuclear refueling outage days compared to last year, lower zero-emission credit payments from state programs, and higher costs to serve customers during Winter Storm Fern, noted management.

For the full year 2026, management reaffirmed its adjusted operating EPS guidance of $11 to $12 per share. Looking further out, management projected free cash flow of $8.4 billion across 2026 and 2027. They expect cash flow to expand to $11.5 billion to $13 billion in 2028-2029, and are also guided for earnings growth exceeding 20% annually through 2029.

Constellation Energy Corporation (NASDAQ:CEG) is an energy company focused on power generation and energy supply, with a large portfolio of uranium-powered, hydro, wind, and solar assets. The company is one of the largest operators of nuclear power plants in the United States.

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