enCore Energy (EU) Gains Following a Rally in Uranium Prices

The share price of enCore Energy Corp. (NASDAQ:EU) surged by 23.11% between September 16 and September 23, 2025, putting it among the Energy Stocks that Gained 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) shot up after uranium futures in the US soared to a 10-month high of over $80 per pound this week. The uptick comes after US Energy Secretary Chris Wright stated that the country is looking to boost its strategic uranium reserve to buffer against Russian supplies and increase confidence in the long-term prospects of nuclear power generation.

Moreover, enCore Energy Corp. (NASDAQ:EU) received a significant boost recently after it was announced that the U.S. Environmental Protection Agency had denied a review petition against permits for its Dewey Burdock uranium project. enCore said that the project remains on a federal fast-track permitting program.

While we acknowledge the potential of EU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 15 Best Natural Gas and Oil Dividend Stocks to Buy Now and The 5 Energy Stocks Billionaires are Quietly Piling Into.

Disclosure: None.