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.

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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