Energy Fuels Stock Gains Analyst Support as Institutional Holdings Surge

HC Wainwright & Co. is sticking with its bullish stance on Energy Fuels (UUUU), maintaining a Buy rating as of November 4, 2025. The research firm sees room for growth, with analysts currently pricing the stock at an average target of $19.30 per share—roughly 8.40% higher than the October 30 closing price of $17.80. Wall Street’s projections for UUUU range widely, from as low as $7.32 to as high as $28.88, reflecting the varying outlooks across different analysts.

Revenue Growth and Earnings Outlook

The company’s financial trajectory looks promising on paper. Projected annual revenue is expected to reach 379 million dollars, representing a substantial 381.70% increase. However, profitability metrics remain modest, with non-GAAP earnings per share (EPS) forecasted at just 0.01. This gap between revenue growth and earnings highlights the company’s current focus on scaling operations rather than near-term profitability.

Institutional Interest Picking Up

The fund and institutional ownership landscape for UUUU is showing positive momentum. A total of 386 funds or institutions now hold positions in Energy Fuels, an increase of 23 new owners compared to the previous quarter—a 6.34% jump. The average portfolio allocation to UUUU across all institutional funds stands at 0.09%, up 6.29% sequentially. More significantly, institutions have collectively increased their shareholdings by 6.03%, now holding 177,486,000 shares. The put/call ratio of 0.40 leans bullish, suggesting options traders expect the stock to move higher.

Major Players Adjusting Holdings

Among the largest shareholders, Alps Advisors controls the biggest stake with 15,930,000 shares representing 6.91% ownership. Despite a slight decrease in absolute share count (down 0.02% from prior filings), the firm increased its portfolio weighting in UUUU by 53.31% over the quarter. Sprott Funds Trust’s Uranium Miners ETF holds the second-largest position at 13,330,000 shares (5.78% ownership), though shares dipped 3.23%, the fund boosted its allocation weight by 3.65%.

MIRAE ASSET GLOBAL ETFS HOLDINGS reduced its share count by 15.38% to 10,982,000 shares (4.76% of company), yet paradoxically increased its portfolio allocation by 22.64%. Global X Uranium ETF (URA) similarly maintained its 4.58% stake with 10,554,000 shares while upping allocation weight by 27.16%. Ameriprise Financial showed the clearest bullish signal, actually increasing share count by 4.46% to 9,203,000 shares and boosting allocation by 47.34% over the quarter.

The Bottom Line

With analyst upgrades, surging institutional demand, and a bullish options sentiment, Energy Fuels appears to be gaining traction among serious money managers. The path from current valuations to analyst targets will depend on whether the company can execute on its aggressive revenue growth projections.