We recently published 10 Big Names Crumbling Before 2026. Energy Fuels Inc. (NYSEAmerican:UUUU) is one of the worst performers on Tuesday.
Energy Fuels dropped its share prices by 5.71 percent on Tuesday to close at $14.21 apiece as investors took early profits following the previous day’s jump, supported by its robust uranium production that exceeded its expectations.
In a statement on Monday, Energy Fuels Inc. (NYSEAmerican:UUUU) said that its Pinyon Plain Mine in Arizona and La Sal Complex in Utah produced a combined 1.6 million pounds of uranium in 2025, exceeding the higher range of its target.
Additionally, it plans to complete drilling in the Juniper Zone at the Pinyon Plain in 2026 to further delineate the ore body and potentially expand the mineable resource at the mine.
Further development work continues at its fully permitted and substantially developed Whirlwind, Energy Queen, and Nichols Ranch Mines for future mining.
For the fourth quarter of the year, Energy Fuels Inc. (NYSEAmerican:UUUU) is targeting to sell a total of 360,000 pounds of triuranium octoxide, higher by 50 percent than in the third quarter of the year.
Lastly, Energy Fuels Inc. (NYSEAmerican:UUUU) said that it has completed two new long-term uranium sales contracts with US nuclear power generating companies, adding to its triuranium octoxide between 2027 and 2032.
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.