Jim Cramer Energy Fuels: "I Question if This Stock Should Be Up Over 215% For the Year

Energy Fuels Inc. (NYSE:UUUU) is one of the stocks Jim Cramer recently commented on. Cramer highlighted the company’s rally and valuation, as he said:

“On Monday, I was asked about a host of companies that I think are risky as all get out. Two examples, Energy Fuels, UUUU. That is a uranium company that’s great at both losing money and hitting the 52-week high list. Now, I’m a big believer in nuclear power. I’m not a big believer that nuclear power is going to experience a near-term renaissance. It could take a decade to build a new nuclear plant in this country. So I question if this stock should be up over 215% for the year. I do not question that this stock is in the words of the Fed chief… Powell, ‘fairly highly valued’. Why the heck then did I say UUUU was okay? Well, that was because of the spectacular rally in OKLO.”

Energy Fuels Inc. (NYSE:UUUU) explores, develops, and sells uranium properties while also producing vanadium, rare earth elements, and heavy mineral sands, including ilmenite, rutile, zircon, and monazite.

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Disclosure: None. This article is originally published at Insider Monkey.