Uranium Energy (UEC) Gets 10.5% Boost From Strong Energy Demand Outlook

We recently published 10 Big Names Delivering Outsized Gains. Uranium Energy Corp. (NYSEAmerican:UEC) was one of the top performers on Wednesday.

Uranium Energy grew its share prices by 10.55 percent on Wednesday to close at $17.19 apiece, nearly hitting its 52-week high, as investors took path from strong demand outlook for uranium over the next few years.

In its short-term energy outlook, the Energy Information Administration (EIA) said that it projects power demand to increase to 4,256 billion kilowatt-hours (kWh) in 2026 and 4,364 billion kWh in 2027 from 4,198 billion kWh last year, as more AI and cryptocurrency data centers ramp up their power consumption to support the rapidly-growing industries.

Share of the nuclear power alone is expected to increase to 19 percent this year and slide back to 18 percent in 2027, versus 18 percent last year. This, on the other hand, is expected to spill over to uranium companies such as Uranium Energy Corp. (NYSEAmerican:UEC).

In another study, Equity Insider also posted optimism for the overall nuclear sector, saying that firms namely Uranium Energy Corp. (NYSEAmerican:UEC), soon-to-be-listed Eagle Energy Metals Corp., as well as NexGen Energy, Denison Mines, and Energy Fuels Inc., would benefit from the growth.

“The intersection of the AI boom and national security is completely reshaping the market, with the global Small Modular Reactor (SMR) sector now projected to hit $10.3 billion by 2032. In response, the Department of Energy just awarded $800 million to advance US reactor deployment, while new federal actions are fast-tracking nuclear licensing and domestic uranium mining. The narrative is clear: Big Tech cannot build the future of AI without a massive, secure, and domestic supply of uranium,” Equity Insider said.

While we acknowledge the potential of UEC 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.

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