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

Group 1: Company Performance - Uranium Energy Corp. (NYSEAmerican: UEC) experienced a share price increase of 10.55% on Wednesday, closing at $17.19, approaching its 52-week high due to strong demand outlook for uranium [1][3] - The nuclear power sector's share is projected to rise to 19% this year, before slightly declining to 18% in 2027, compared to 18% last year, which is expected to positively impact uranium companies like UEC [3] Group 2: Industry Outlook - The Energy Information Administration (EIA) forecasts power demand to rise to 4,256 billion kilowatt-hours (kWh) in 2026 and 4,364 billion kWh in 2027, up from 4,198 billion kWh last year, driven by increased power consumption from AI and cryptocurrency data centers [2] - The global Small Modular Reactor (SMR) sector is projected to reach $10.3 billion by 2032, with the Department of Energy awarding $800 million to support US reactor deployment, indicating a strong governmental push towards nuclear energy [5]