Energy Fuels Inc. (NYSEAMERICAN:UUUU) is one of the best uranium stocks to buy according to Wall Street analysts. On May 6, Energy Fuels Inc. (NYSEAMERICAN:UUUU) shared its Q1 FY2026 earnings where it reported $35.7 million in quarterly revenue. This income was a 112% year over year rise and also exceeded the $31.3 million analyst consensus estimate.
Management explained that the revenue surge came on the back of a shift in what the company sold, that is, in Q1 2025, Energy Fuels had no uranium revenue at all, its income came from heavy mineral sands operations, but in Q1 2026, uranium concentrate sales dominated. The company delivered 510,000 pounds of triuranium octoxide, or U3O8, to customers at a weighted average price of $70.04 per pound. Of those deliveries, 410,000 pounds went to long-term contract customers at $63.74 per pound, while 100,000 pounds were sold on the spot market at a higher $95.88 per pound.
Energy Fuels’ quarterly EPS was a net loss of $0.04. This performance undershot the $0.02-$0.03 per share range, in which analysts expected the EPS to fall. Be that as it may, the loss was a significant improvement from the $0.13 per share loss in Q1 2025. This year over year improvement reflects higher uranium revenues and a turnaround in operating cash flows, management noted.
Management reaffirmed its full-year 2026 guidance, which means they expect to mine a low of 2 million pounds and a high of 2.5 million pounds of U3O8. They also expected to produce between 1.5 to 2.5 million pounds and sell between 1.5 to 2.0 million pounds depending on spot market conditions.
Energy Fuels Inc. (NYSEAMERICAN:UUUU) is a uranium mining company engaged in the extraction, recovery, and processing of uranium for use in nuclear power generation. The company operates key uranium production assets in the United States, including the White Mesa Mill in Utah, which is the only conventional uranium mill operating in the country and also processes uranium-bearing materials from both domestic and international sources.
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