enCore Energy (EU) Falls After a Strong Rally

The share price of enCore Energy Corp. (NASDAQ:EU) fell by 8.28% between July 22 and July 29, 2025, putting it among the Energy Stocks that Lost the Most This Week.

enCore Energy Corp. (NASDAQ:EU) engages in the acquisition, exploration, and development of uranium resource properties in the United States.

enCore Energy Corp. (NASDAQ:EU) soared by over 22% earlier this month following an announcement by the Department of Energy to fast-track the development of advanced nuclear reactors and strengthen domestic supply chains for uranium. So the recent decline in share price could be due to profit-taking by investors.

Moreover, uranium futures in the US also surged by over 13% last month due to high demand. However, the price of nuclear fuel has now fallen by almost 10% over the last month, leading to a downturn in uranium stocks.

enCore Energy Corp. (NASDAQ:EU) recently announced a significant leadership change, with Mr. Dain McCoig promoted from Senior Vice-President to Chief Operating Officer. Under his guidance, the company has more than doubled its uranium extraction rates and improved operational efficiency, positioning itself as a strong contender in the American nuclear fuel industry.

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Disclosure: None.