Energy Fuels shares have fallen roughly 18.3% over the past three months, underperforming the non-ferrous mining industry's 15.5% decline and the S&P 500's 13.5% gain. The company's uranium production reached about 1.6 million pounds by mid-year, already exceeding the lower end of its full-year guidance of 1.5 to 2.5 million pounds. Energy Fuels is advancing rare earth expansion, including a planned $1.9 billion acquisition of Germany-based VAC Group and a conditional financing commitment of up to $725 million from the U.S. Office of Strategic Capital. The stock trades at a forward price-to-sales multiple of 19.71, well above the industry average of 4.55, and is expected to report a loss of 14 cents per share for 2026 before turning profitable in 2027. Analysts suggest existing shareholders may hold for long-term prospects, while new investors could wait for a more attractive entry point.
Energy Fuels IncShares fell 18.3% over three months, underperforming peers and market; high P/S multiple and expected 2026 loss
Cameco Corp
Centrus Energy Corp.Energy Fuels plans $1.9B acquisition of VAC Group, indicating expansion into rare earths