Why Energy Fuels Stock Rocketed 20% Higher Today

Uranium miner Energy Fuels (NYSEMKT: UUUU) received a major boost to its stock on Friday from one of the most powerful market movers lately -- President Donald Trump.

On news that Trump signed a set of executive orders hastening the development of the nuclear energy industry, a clutch of sector stocks rose dramatically. Since uranium is the fuel of choice for nuclear power generation, Energy Fuels stock was swept up in the rally and closed Friday 20% higher. That was miles ahead of the S&P 500 index, which landed in the red with a 0.4% drop.

Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue »

Quite the comeback for the industry

Demand for power in the U.S. is rising steeply, not least because of the resource-heavy requirements of artificial intelligence (AI). Addressing this need is a priority for the president's administration, as strongly evidenced by his declaring an energy emergency on the first day of his current term in office.

Image source: Getty Images.

On Friday the president signed four executive orders, which collectively ease regulations on the nuclear industry and support its development. More helpful for Energy Fuels directly, the orders also provide greater scope for uranium mining and enrichment activities.

Trump said of nuclear: "It's a hot industry. It's a brilliant industry."

"You have to do it right," he added.

Fuel for future rallies?

Energy Fuels is a clear and obvious pick-and-shovel play on Trump's zeal to get the nuclear industry up and running again. There's quite some distance between intent and execution, however, so we'll have to watch for early indications about how this new push for nuclear is going before better judging how beneficial it might be for the company.

Should you invest $1,000 in Energy Fuels right now?

Before you buy stock in Energy Fuels, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Energy Fuels wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $640,662!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $814,127!*

Now, it’s worth noting Stock Advisor’s total average return is 963% — a market-crushing outperformance compared to 168% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor.

See the 10 stocks »

*Stock Advisor returns as of May 19, 2025

Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.