Why These Energy Stocks Are Gaining This Week

7. Uranium Energy Corp. (NYSE:UEC)

Share Price Gains Between Apr. 16 – Apr. 23: 7.47%

Uranium Energy Corp. (NYSE: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.

As America’s largest and fastest-growing uranium company, Uranium Energy Corp. (NYSE:UEC) has benefited greatly from the escalating trade tensions between the US and China. After President Trump ordered a probe into potentially imposing tariffs on critical mineral imports, including uranium, investors are piling in to acquire stakes in domestic uranium companies.

With 34 hedge fund holders in the Insider Monkey database at the end of Q4 2024, Uranium Energy Corp. (NYSE:UEC) was also included in our list of the 12 Best Nuclear Power Stocks To Buy Now.