Why Ur-Energy’s Higher 2026 Spending Hasn’t Derailed Wall Street’s Broader View

Ur-Energy Inc. (NYSE:URG) is one of the top nuclear energy stocks to invest in for the next 5 years.

On March 12, 2026, H.C. Wainwright & Co. maintained its Buy rating on Ur-Energy Inc. (NYSE:URG) and lowered its price target to $2.30 from $2.60. Public summaries of the note indicated the target change reflected recent dilution and expectations for higher 2026 spending, while the firm remained constructive on the company’s outlook.

Why Ur-Energy’s Higher 2026 Spending Hasn’t Derailed Wall Street’s Broader View

The rating came two days after Ur-Energy reported year-end 2025 results. On March 10, 2026, the company said revenue was $27.2 million for 2025, down from $33.7 million in 2024, while net loss widened to $74.9 million from $53.2 million. Ur-Energy also reported cash and cash equivalents of $123.9 million at year-end. Management said Lost Creek operations improved during 2025, with pounds of U3O8 captured rising 40% from 2024, and noted that higher production helped reduce per-pound costs and improve uranium profit margins.

Ur-Energy Inc. (NYSE:URG) is a U.S. uranium mining company focused on in-situ recovery uranium projects in Wyoming. It operates the Lost Creek facility in south-central Wyoming and is advancing the Shirley Basin project.

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