Jim Cramer Says Energy Fuels Inc (UUUU) Is A "Doubtful Stock To Own"

We recently published 15 Stocks Jim Cramer Mentioned As He Said Quantum Computing Worried Him. Energy Fuels Inc. (NYSE:UUUU) is one of the stocks Jim Cramer recently discussed.

Cramer used uranium and rare earth metal mining firm Energy Fuels Inc. (NYSE:UUUU) as a classic example of a speculative stock. He’s been very vocal about some stocks this week, which he believes might have seen too much enthusiasm from investors. Energy Fuels Inc. (NYSE:UUUU)’s shares have gained 194% year-to-date, and Cramer has shifted his opinion about the stock this week. In this appearance, he remarked:

“See there are things, there are stocks that are priced incorrectly. And then there are stocks that shouldn’t be stocks.

Well there’s just a lot of. . . well I’m going to give you one that is truly emblematic. UUUU. . .The four Us okay. Now I mean this is a nuclear stock. I don’t know what it’s worth but I know it’s not worth that!

“This is called energy fuels, okay. I am saying that if a stock is up 228% and it doesn’t make any money, that is a doubtful stock to own. . .

“Last night I said, no, I can’t live with myself. Energy Fuels, no! Okay, uh uh.”

These comments are in stark contrast to his remarks made during the September 22nd Mad Money episode, where he maintained that ” I still would not go against it.”

While we acknowledge the potential of UUUU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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