UUUU - Why Is Everyone Talking About Energy Fuels Stock?
Shares of Energy Fuels (NYSEMKT: UUUU) have risen an incredible 300% over the past year -- compared to a gain of 33% for the S&P 500 Index over the same span. That's a performance worth talking about, for sure. But the background story beyond this massive stock price advance is what's most interesting. Here is why investors are so fond of Energy Fuels today.
At its base, Energy Fuels is a uranium producer. That was a rough market following the Fukushima nuclear disaster in Japan in 2011. Countries around the world started to move away from nuclear power, which led to a steep drop in the price of uranium. Miners, as you would expect, pulled back in an effort to get supply and demand back in balance.
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Why Is Everyone Talking About Energy Fuels Stock?