5 Best Nuclear Power Stocks to Buy According to Wall Street Analysts

3. Denison Mines Corp. (NYSEAMERICAN:DNN)

Upside Potential as of May 26: 41.31%

Denison Mines Corp. (NYSEAMERICAN:DNN) is a uranium mining, development, and exploration company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada.

On May 14, Scotiabank analyst Orest Wowkodaw raised the firm’s price target on Denison Mines Corp. (NYSEAMERICAN:DNN) from C$6 to C$7.50, while maintaining an ‘Outperform’ rating on the shares. The revised target indicates an upside of 62% from the current price level.

The bullish sentiment comes despite Denison Mines Corp. (NYSEAMERICAN:DNN) posting a loss per share of C$0.13 in its Q1 report a day earlier on May 13. The company’s revenue also declined by almost 20% YoY to C$1.11 million.

Notably, Denison Mines Corp. (NYSEAMERICAN:DNN) revealed in its Q1 earnings call that it received regulatory approval to commence construction at its Phoenix asset in February 2026. With the development of the site expected to take a couple of years, the company expects uranium production to commence in mid-2028. Denison is hoping that once the project becomes operational, the company will begin generating free cash flow.