Uranium stocks are still hot.
All thanks to President Donald Trump’s goal to quadruple nuclear power by 2050, according to BMO Capital Markets.
Plus, according to an order from U.S. Secretary of Energy Chris Wright, “The long-awaited American nuclear renaissance must launch during President Trump’s administration. As global energy demand continues to grow, America must lead the commercialization of affordable and abundant nuclear energy. As such, the Department will work diligently and creatively to enable the rapid deployment and export of next-generation nuclear technology.”
We also have to remember that nuclear energy could be used to fuel energy-intensive demands of data centers and artificial intelligence.
“Last year, both AWS and Microsoft signed agreements to offtake power from nuclear power stations. Meta launched a request for proposals to identify potential nuclear energy developers to support 1.4GW of new nuclear generation capacity across the US. Data center operators have also backed small modular reactor (SMR) technology,” added Data Center Dynamics.
That being said, investors may want to jump into uranium trades such as:
NexGen Energy (SYM: NXE)
NexGen Energy, a company specializing in uranium exploration and development, is primarily focused on the Athabasca Basin. Its flagship project is the Rook I project, which includes significant discoveries such as Arrow and South Arrow.
Fueling upside, the company secured its first uranium supply contracts with multiple U.S. nuclear facilities, with the contracts totaling five million pounds of uranium. Even better, analysts at RBC Capital, Raymond James, and Scotiabank all raised their price targets on NXE. RBC Capital, for example, raised its price target to C$15 from $10 with an outperform rating.
Denison Mines (SYM: DNN)
Denison Mines is focused on uranium mining in Saskatchewan’s Athabasca Basin. Over the last few weeks, analysts at Scotiabank and National Bank raised their price targets on DNN. National Bank also has an outperform rating on the stock.
Global X Uranium ETF (SYM: URA)
With an expense ratio of 0.69%, the oversold Global X Uranium ETF (URA) provides investors access to a broad range of companies involved in uranium mining and the production of nuclear components, including those in extraction, refining, exploration, or manufacturing of equipment for the uranium and nuclear industries, holds about 50 related uranium stocks. That includes Cameco, NexGen Energy, Uranium Energy, Paladin Energy, Denison Mines, and NuScale Power to name a few.
Must Read Spotlight: Trump’s Plan to Break China’s Rare Earth Monopoly
Rare Earth metals are perhaps the most important elements in the world.
They are ESSENTIAL for semiconductors, EVs, AI technology, and more.
And yet, China controls almost all of it.
China controls 70% of rare earth production and 90% of refining capacity worldwide.
Well… Trump has plans to break that monopoly.
The Department of Defense is now pouring millions into domestic production.
It’s one of Trump’s key priorities.
And one company, [REDACTED], has positioned itself as America’s #1 producer.
With its new facility that opened in January 2025, it’s the only vertically integrated rare earth magnetics producer outside of China and Japan.
With Trump’s backing, the company is now already producing 15% of global production despite fierce Chinese competition.
As trade tensions escalate, this stock could easily become the cornerstone of America’s technology independence strategy.
And yet its only about $20 per share.
