Trump Just Sent This Nuclear Stock to New 10-Year Highs. Should You Buy Shares Now?

Core Viewpoint - Energy Fuels' stock surged 14% following the Department of Energy's initiative to rebuild the U.S. nuclear fuel supply chain, reaching levels not seen since 2010 [1] Group 1: Company Performance - Energy Fuels leads the U.S. in uranium production and is developing a significant rare earth operation outside China [2] - Despite some gains being given up, Energy Fuels' stock is still up approximately 335% over the last 12 months [3] Group 2: Government Initiative - The Department of Energy aims to establish "Nuclear Lifecycle Innovation Campuses" to manage uranium enrichment, nuclear waste storage, and reprocessing [4] - This initiative represents a shift in Washington's approach to nuclear energy, focusing on reprocessing spent fuel and creating regional hubs for the nuclear lifecycle [6] Group 3: Economic Impact - Energy Secretary Chris Wright emphasized that the new program could drive innovation, economic growth, and create well-paying jobs in the U.S. [5] Group 4: Rare Earth Operations - Energy Fuels announced two significant feasibility studies that could transform its business model, with a Phase 2 rare-earth expansion project at its White Mesa Mill in Utah showing strong economics [7] - The project has a capital cost of $410 million, an estimated net present value of $1.9 billion, and a 33% internal rate of return [7]