Roth Capital Upgrades Energy Fuels (UUUU) to ‘Neutral’; Raises PT to $15.00

Energy Fuels Inc. (NYSE:UUUU) is one of the 11 Best Performing Stocks in the Last 12 Months.

Image by Markus Distelrath from Pixabay

On January 28, 2026, Energy Fuels Inc. (NYSE:UUUU) saw Roth Capital upgrade the stock from ‘Sell’ to ‘Neutral’, while raising its price target from $13.00 to $15.00. The firm’s increased confidence reflects improving short-term growth drivers and bolstered investor sentiment. While the firm admits the stock appears stretched, it points to a favorable uranium price environment and constructive market psychology. According to the firm, these positives could outweigh the risk of a short-term correction. In the current phase of the cycle, Roth Capital framed the stock as sentiment-driven.

Meanwhile, the improving sentiment was reinforced earlier by a strategically material move. On January 21, 2026, it was reported that Energy Fuels Inc. (NYSE:UUUU) had agreed to acquire Australian Strategic Materials (ASM). The deal, valuing ASM’s equity at $300.9 million, represents a 121% premium to ASM’s January 20 close. Under the agreement, ASM shareholders will be entitled to receive 0.053 Energy Fuels shares per ASM share, plus a special dividend of up to A$0.13, implying A$1.6 per share.

With this move, Energy Fuels Inc. (NYSE:UUUU) significantly expanded its rare earth footprint, integrating ASM’s Korean metallization plant and planned U.S. facility with its White Mesa Mill in Utah. At the same time, the company adds a pipeline of global development projects that aim to secure non-Chinese critical mineral supply chains.

Energy Fuels Inc. (NYSE:UUUU), a U.S.-based mining company, focuses on uranium, vanadium, and rare earth production. The company’s operating assets include the White Mesa Mill and expanding exposure to critical minerals.

READ NEXT: What Are the Best Stocks to Buy Right Now? and 10 Stocks Under $1 That Will Explode.

Disclosure: None.