Energy Fuels shares surge after Roth Capital raises rating, citing long-term growth potential despite weak Q2 results.
Energy Fuels (UUUU) climbed 8.6% Friday after Roth Capital upgraded the stock to Buy from Neutral, setting a $16 price target. The firm highlighted valuation and long-term potential in uranium and rare earth elements despite disappointing Q2 earnings and revenue.
The upgrade follows a period of underperformance for the stock, with Roth noting sector tailwinds and strategic positioning. Prior consensus had leaned toward a more cautious outlook given recent financial results.
Shares responded immediately to the rating change, reflecting investor optimism about the company’s growth prospects in critical minerals markets.