In the ever-evolving uranium industry, Energy Fuels Inc. (UUUU) and Ur-Energy Inc. (URG) stand out as two key players. Both companies are involved in the extraction and exploration of uranium, operating primarily within the United States. Their overlapping market presence and distinct innovation strategies make them intriguing counterparts for comparison. As an investor, understanding their strengths and weaknesses can significantly influence your investment decisions. Join me as I delve into which of these companies may offer the most compelling opportunity for your portfolio.
Table of contents
Company Overview
Energy Fuels Inc. Overview
Energy Fuels Inc. (ticker: UUUU) is a prominent player in the uranium industry, focusing on the extraction and recovery of uranium in the United States. With a market capitalization of approximately $3.42B, the company operates several key projects, including the Nichols Ranch and Alta Mesa projects, as well as the White Mesa Mill in Utah. Founded in 1987 and headquartered in Lakewood, Colorado, Energy Fuels aims to meet the growing demand for uranium, particularly as global energy needs shift toward nuclear power. The company’s commitment to sustainable mining practices and its strategic location of operations in resource-rich areas position it well for future growth.
Ur-Energy Inc. Overview
Ur-Energy Inc. (ticker: URG) is another significant entity in the uranium sector, specializing in the acquisition, exploration, and operation of uranium mineral properties. The company, with a market cap of around $480M, is headquartered in Littleton, Colorado, and is known for its flagship Lost Creek project, which encompasses approximately 48,000 acres in Wyoming. Founded in 2004, Ur-Energy focuses on low-cost uranium production and aims to support the domestic nuclear fuel supply chain. The company’s innovative approach and efficient operational model make it a key competitor in the uranium market.
Key similarities and differences
Both Energy Fuels Inc. and Ur-Energy Inc. operate within the uranium industry and emphasize sustainable practices. However, Energy Fuels has a broader range of projects and higher market capitalization, while Ur-Energy focuses on fewer, but strategically significant properties, allowing for potentially lower operational costs.
Income Statement Comparison
The following table presents a comparison of the latest income statements for Energy Fuels Inc. (UUUU) and Ur-Energy Inc. (URG), highlighting key financial metrics for the fiscal year 2024.
| Metric | Energy Fuels Inc. (UUUU) | Ur-Energy Inc. (URG) |
|---|---|---|
| Market Cap | 3.42B | 480M |
| Revenue | 78.1M | 33.7M |
| EBITDA | -43.0M | -59.9M |
| EBIT | -48.2M | -63.1M |
| Net Income | -47.8M | -53.2M |
| EPS | -0.28 | -0.17 |
| Fiscal Year | 2024 | 2024 |
Interpretation of Income Statement
In 2024, Energy Fuels Inc. reported a notable increase in revenue to 78.1M, compared to 37.9M in 2023, indicating a strong upward trend. However, despite this revenue growth, both companies remain in negative net income territory, reflecting ongoing operational challenges. Ur-Energy, although showing revenue growth from 17.7M to 33.7M, still faced significant losses, emphasizing the need for improved cost management. The widening losses in EBITDA and EBIT for both firms suggest that while revenue is rising, operational efficiency must be prioritized to enhance margins and profitability moving forward.
Financial Ratios Comparison
The following table provides a comparative overview of the most recent financial metrics for Energy Fuels Inc. (UUUU) and Ur-Energy Inc. (URG).
| Metric | Energy Fuels Inc. (UUUU) | Ur-Energy Inc. (URG) |
|---|---|---|
| ROE | -9.05% | -40.05% |
| ROIC | -6.67% | -36.01% |
| P/E | -18.47 | -6.87 |
| P/B | 1.67 | 2.75 |
| Current Ratio | 3.88 | 5.99 |
| Quick Ratio | 2.76 | 4.91 |
| D/E | 0.004 | 0.009 |
| Debt-to-Assets | 0.0036 | 0.0064 |
| Interest Coverage | 0 | 0 |
| Asset Turnover | 0.13 | 0.17 |
| Fixed Asset Turnover | 1.42 | 0 |
| Payout Ratio | 0 | 0 |
| Dividend Yield | 0% | 0% |
Interpretation of Financial Ratios
The financial ratios indicate that both companies are facing significant challenges. Energy Fuels Inc. has a higher current and quick ratio, suggesting better short-term liquidity, but both companies exhibit negative returns on equity and investment. The P/E ratios being negative indicates operational losses. The lack of dividends reflects a focus on reinvestment rather than returning capital to shareholders. Caution is warranted when considering investments in either company due to their weak profitability metrics.
Dividend and Shareholder Returns
Both Energy Fuels Inc. (UUUU) and Ur-Energy Inc. (URG) do not pay dividends, primarily due to their focus on reinvestment for growth and ongoing financial challenges, as indicated by negative net income margins. While both companies have not distributed dividends, they engage in share buybacks, reflecting a commitment to returning value to shareholders. However, the lack of dividend payments may raise concerns about sustainability in long-term value creation, particularly given their operational losses and capital expenditure needs.
Strategic Positioning
Energy Fuels Inc. (UUUU) holds a substantial market share in the uranium sector, capitalizing on its diverse assets, including the Nichols Ranch and Alta Mesa projects. With a market cap of approximately 3.42B, it faces moderate competitive pressure from Ur-Energy Inc. (URG), which, despite a smaller cap of around 480M, operates significant projects like the Lost Creek site. Both companies are navigating technological disruptions in uranium extraction, aiming to enhance operational efficiency and sustainability.
Stock Comparison
Over the past year, Energy Fuels Inc. (UUUU) has experienced significant price movements, showcasing a bullish trend despite a recent deceleration, while Ur-Energy Inc. (URG) has faced downward pressure, indicating a bearish trajectory.
Trend Analysis
For Energy Fuels Inc. (UUUU), the stock has seen a price change of +114.29% over the past year. This substantial increase confirms a bullish trend, though the recent analysis from September 14, 2025, to November 30, 2025, shows a more modest price change of +20.7%, with a trend slope of -0.01 indicating slight deceleration. The stock’s highest price reached 21.37, while the lowest was 3.45, contributing to a standard deviation of 3.95, reflecting higher volatility.
Conversely, Ur-Energy Inc. (URG) has experienced a price decline of -10.27% over the same period, establishing a bearish trend. The recent analysis mirrors this trend, with a price change of -10.27% from September 14, 2025, to November 30, 2025, and a trend slope of -0.05, indicating continued deceleration. The stock’s highest price was 2.01, and its lowest was 0.6, with a standard deviation of 0.33, suggesting lower volatility compared to UUUU.
In summary, UUUU presents a stronger growth potential, albeit with signs of recent deceleration, while URG faces ongoing challenges reflected in its bearish trend.
Analyst Opinions
Recent analyst recommendations for Energy Fuels Inc. (UUUU) indicate a cautious stance, with a rating of D+. Analysts suggest significant risks, particularly concerning financial metrics. In contrast, Ur-Energy Inc. (URG) holds a C- rating, reflecting a slightly better outlook, although still not strong enough to advocate for a buy. Overall, the consensus for both companies leans towards a sell for 2025 due to ongoing concerns with financial performance and market conditions. It’s crucial for investors to weigh these ratings carefully before making investment decisions.
Stock Grades
In this section, I will summarize the latest stock ratings for Energy Fuels Inc. (UUUU) and Ur-Energy Inc. (URG) based on reliable grading data from recognized firms.
Energy Fuels Inc. Grades
| Grading Company | Action | New Grade | Date |
|---|---|---|---|
| Roth Capital | downgrade | Sell | 2025-11-05 |
| HC Wainwright & Co. | maintain | Buy | 2025-11-04 |
| HC Wainwright & Co. | maintain | Buy | 2025-10-21 |
| B. Riley Securities | maintain | Buy | 2025-10-08 |
| HC Wainwright & Co. | maintain | Buy | 2025-09-17 |
| HC Wainwright & Co. | maintain | Buy | 2025-08-08 |
| Canaccord Genuity | maintain | Buy | 2025-07-02 |
| HC Wainwright & Co. | maintain | Buy | 2025-05-09 |
| HC Wainwright & Co. | maintain | Buy | 2025-02-28 |
| HC Wainwright & Co. | maintain | Buy | 2024-12-11 |
Ur-Energy Inc. Grades
| Grading Company | Action | New Grade | Date |
|---|---|---|---|
| HC Wainwright & Co. | maintain | Buy | 2025-11-04 |
| B. Riley Securities | maintain | Buy | 2025-09-25 |
| Roth Capital | maintain | Buy | 2025-09-23 |
| HC Wainwright & Co. | maintain | Buy | 2025-04-15 |
| HC Wainwright & Co. | maintain | Buy | 2025-02-11 |
| Roth MKM | maintain | Buy | 2024-10-23 |
| B. Riley Securities | maintain | Buy | 2024-08-20 |
| HC Wainwright & Co. | maintain | Buy | 2024-08-14 |
| HC Wainwright & Co. | maintain | Buy | 2024-07-17 |
| Roth MKM | maintain | Buy | 2024-05-09 |
Overall, Energy Fuels has seen a recent downgrade to “Sell” by Roth Capital, while maintaining a “Buy” rating from HC Wainwright & Co. In contrast, Ur-Energy has consistently received “Buy” ratings, indicating a stable positive sentiment from analysts.
Target Prices
Analysts have provided reliable target prices for both Energy Fuels Inc. (UUUU) and Ur-Energy Inc. (URG), reflecting their expectations for future performance.
| Company | Target High | Target Low | Consensus |
|---|---|---|---|
| Energy Fuels Inc. | 26.75 | 11.5 | 19.13 |
| Ur-Energy Inc. | 2.6 | 2.15 | 2.38 |
For Energy Fuels Inc., the target consensus of 19.13 indicates strong upside potential compared to its current price of 14.4. Similarly, Ur-Energy Inc.’s consensus of 2.38 suggests a favorable outlook against its current price of 1.315.
Strengths and Weaknesses
The following table outlines the strengths and weaknesses of Energy Fuels Inc. (UUUU) and Ur-Energy Inc. (URG) based on the most recent data.
| Criterion | Energy Fuels Inc. (UUUU) | Ur-Energy Inc. (URG) |
|---|---|---|
| Diversification | Strong, multiple projects across the US | Limited, fewer projects |
| Profitability | Negative profit margins, recent improvements | Negative profit margins |
| Innovation | Advanced extraction techniques | Standard methods used |
| Global presence | Primarily US-focused | Primarily US-focused |
| Market Share | 18% in the US uranium market | 2% in the US uranium market |
| Debt level | Very low, debt-to-equity ratio of 0.004 | Low, debt-to-equity ratio of 0.009 |
Key takeaways indicate that while Energy Fuels Inc. shows stronger diversification and market share, both companies are struggling with profitability. Additionally, Energy Fuels Inc. holds a significant advantage in its debt levels, promoting a more stable financial position.
Risk Analysis
Below is a summary table of the key risks associated with Energy Fuels Inc. (UUUU) and Ur-Energy Inc. (URG).
| Metric | Energy Fuels Inc. (UUUU) | Ur-Energy Inc. (URG) |
|---|---|---|
| Market Risk | High | Moderate |
| Regulatory Risk | High | Moderate |
| Operational Risk | Moderate | High |
| Environmental Risk | High | Moderate |
| Geopolitical Risk | Moderate | Low |
Both companies are exposed to significant market and regulatory risks, particularly in the fluctuating uranium market. The operational risks are notably higher for Ur-Energy, which could impact its production capabilities. Recent geopolitical tensions may further affect the operations of both firms.
Which one to choose?
When comparing Energy Fuels Inc. (UUUU) and Ur-Energy Inc. (URG), the fundamentals and recent stock trends indicate significant differences. UUUU has shown a bullish trend with a remarkable price increase of 114.29% over the last year. It maintains a higher market cap of approximately $882M, but its profitability remains a concern, with a net profit margin of -61.15%. On the other hand, URG’s bearish trend reflects a price decrease of 10.27%, a lower market cap of around $365M, and a net profit margin of -1.58%. Analysts rate UUUU with a D+ and URG with a C-, suggesting UUUU is less favorable.
Investors focused on potential recovery might consider UUUU, while those seeking moderate risk may prefer URG.
Specific risks include market dependence and competition in the uranium sector.
Disclaimer: This article is not financial advice. Each investor is responsible for their own investment decisions.
Go further
I encourage you to read the complete analyses of Energy Fuels Inc. and Ur-Energy Inc. to enhance your investment decisions:
