3 Uranium, Nuclear Energy Stocks to Keep an Eye On

Options traders are pricing in relatively low volatility expectations, per the shares' Schaeffer's Volatility Index (SVI) of 43% that ranks in the 11th percentile of readings from the past 12 months. It's also worth noting that the stock has tended to outperform these volatility expectations, per its Schaeffer's Volatility Scorecard (SVS) of 74 out of 100. 

UEC is 10.7% higher to trade at $13.14, hitting a record high of its own. The shares have more than tripled off their April 7 lows of $3.85. The shares are now 94.5% higher year to date. 

The stock has intriguing short squeeze potential. Short sellers fell by 8.6% in the two most recent reporting periods, yet the 35.93 million shares sold short still accounts for 11.7% of UEC's total available float.

Lastly, there's NuScale, which is not a uranium miner, but small module reactors stand to benefit from downstream demand. SMR was last seen trading at $38.74, up 6.6% on the day, thanks to RBC initiating coverage with a "sector perform" rating and $35 price target. Despite a 9% haircut off July 28 record highs of $53.50, support has stepped up at the shares' 100-day moving average.

Analyst revisions could keep the wind at the equity's back. Of the 14 brokerages covering SMR, nine maintain "hold" or worse ratings, while the consensus 12-month price target of $39.44 is only a 1.6% premium to its current perch.