Why These Energy Stocks are Gaining This Week

7. Uranium Energy Corp. (NYSEAMERICAN:UEC)

Share Price Gains Between July 15 – July 22: 16.62%

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) hit a 6-month high this week after the U.S. Department of Energy (DOE) announced the start of a new pilot program to accelerate the development of advanced nuclear reactors and strengthen domestic supply chains for nuclear fuel. The Fuel Line Pilot Program is seeking qualified American companies to build and operate production facilities outside of national laboratories under the DOE authorization process.

Uranium Energy Corp. (NYSEAMERICAN:UEC) also shot up last month after the company revealed that it had boosted its stake in Anfield Energy with an investment of $14.82 million, significantly expanding its strategic influence in the uranium market.