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Energy Fuels (UUUU) Stock Up Slightly After Jim Cramer Said He Wouldn’t Go Against It
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Energy Fuels Inc. (NYSE:UUUU) is one of Jim Cramer’s Hottest Nuclear Energy Stock Picks, Hits & Misses. Energy Fuels Inc. (NYSE:UUUU) is a uranium mining company headquartered in Lakewood, Colorado. Its shares are up by 297% over the past year and by 15% since Cramer discussed them on Mad Money. During this time period, Energy Fuels Inc. (NYSE:UUUU)’s stock has peaked twice. The shares first surged by 68% between September 22nd and October 14th. During this period, investor interest grew in rare earth metal stocks due to trade tensions between the US and China. Additionally, investment firm B. Riley also upgraded Energy Fuels Inc. (NYSE:UUUU)’s share price target to $22 from $11. From October 14th to the year’s close, the stock dipped by 45%. Year to date, they are up by 3.4%. As he discussed the firm in Mad Money, Cramer asserted that he would not go against Energy Fuels Inc. (NYSE:UUUU) despite the high share price: AlexKZ/Shutterstock.com “Okay, I’m going to give you this straight on, on Energy Fuels. Remember what I said about Oklo when it was at 33, I said, I will not go against any uranium or nuclear stock. This one’s at its 52-week high, and I still would not go against it, and I’ve been behind this one a long, long time.” While we acknowledge the potential of UUUU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years. Disclosure: None. Follow Insider Monkey on Google News.
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