Why These Energy Stocks Are Gaining This Week

8. Uranium Energy Corp. (NYSEAMERICAN:UEC)

Share Price Gains Between May 22 – May 29: 14.26%

Uranium Energy Corp. (NYSEAMERICAN:UEC) is engaged in uranium mining and related activities. The company is the fastest-growing uranium supplier in North America, fueling the growing demand for carbon-free nuclear energy.

Uranium Energy Corp. (NYSEAMERICAN:UEC) gained this week after President Donald Trump signed an executive order to jumpstart the American nuclear industry and quadruple the domestic nuclear power production within the next 25 years. Moreover, the strategic move is intended to reduce reliance on imported enriched uranium from China and Russia and encourage mining in the U.S., and expand domestic uranium enrichment capacity. Experts think that reinvigorating the domestic production of uranium will boost investor interest and help drive up prices of the nuclear fuel.

Maple Tree Capital stated the following regarding Uranium Energy Corp. (NYSEAMERICAN:UEC) in its Q1 2025 investor letter:

“Uranium Energy Corp. (NYSEAMERICAN:UEC): As we write this, President Trump just signed an executive order suggesting the use of coal to power the energy needs of data centers. Just today – uranium imports from China were also restricted. UEC stands alone as the only American uranium energy company that has the potential to be a leader in powering the nuclear energy needs of America. UEC currently trades as a proxy to Uranium’s spot price, but once a clear use case becomes more evident, the market should appreciate the infrastructure and pipelines they have developed.”