Are uranium stocks worth buying?

For investors who want exposure to the nuclear energy industry, uranium stocks are a great option.

What are the top three nuclear stocks?

For uranium production and enrichment, Cameco and Centrus Energy are top choices, while Constellation Energy (NASDAQ:CEG) is a leading nuclear power producer.

Who is the top supplier of uranium?

According to the most recent data from the World Nuclear Association, Kazatomprom, Kazakhstan’s state-owned uranium company, is the largest global producer of uranium, while Cameco is the second-largest.

Best Uranium Stocks for 2026 and How to Invest

By Scott Levine – Updated May 14, 2026 at 3:37 AM EST | Fact-checked by Frank Bass

Key Points

Uranium stocks are rising due to high AI-industry power demands, boosting nuclear energy use.
The global uranium market is projected to grow from $9.7 billion in 2025 to $13.6 billion by 2033.
Investors must carefully select among uranium stocks, from established leaders to new growth options.

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uranium atomic number and chemical symbol on blocks. — Image source: Getty Images.

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Ticker Information Table
Name and ticker	Market cap	Dividend yield	Industry
Cameco (NYSE:CCJ)	$49.0 billion	0.15%	Oil, Gas and Consumable Fuels
Centrus Energy (NYSE:LEU)	$3.7 billion	0.00%	Oil, Gas and Consumable Fuels
Denison Mines (NYSEMKT:DNN)	$3.1 billion	0.00%	Oil, Gas and Consumable Fuels
Energy Fuels (NYSEMKT:UUUU)	$4.4 billion	0.00%	Oil, Gas and Consumable Fuels
Uranium Energy (NYSEMKT:UEC)	$6.7 billion	0.00%	Oil, Gas and Consumable Fuels

Data as of Jun 2, 2026. Showing 5 of 5 total entries.

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1. Cameco

Operating throughout the uranium value chain, Cameco is a name that demands to be on the radar of any investor seeking uranium stock exposure. The company is one of the world's top uranium producers. Cameco estimates that its 21 million pounds of uranium production in 2025 represented about 15% of worldwide production.

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NYSE: CCJ

Cameco

Today's Change

(7.18%) $8.08

Current Price

$120.67

Key Data Points

Market Cap

$49B

Day's Range

$112.32 - $122.28

52wk Range

$58.91 - $135.24

Volume

284.2K

Avg Vol

3.3M

Gross Margin

27.44%

Dividend Yield

0.15%

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Most of the company's uranium production comes from its core asset, Cigar Lake in Saskatchewan, which it labels "the world’s highest-grade uranium mine." Management forecasts 2026 uranium production of 19.5 million pounds to 21.5 million pounds from all of its assets, and it's not as if Cameco will soon run out of resources. At the end of 2025, the company reported 433 million pounds of proven and probable uranium reserves from its Tier One assets.

For investors with lower risk tolerances, Cameco is attractive, given its well-established position as a leading uranium producer and its consistent profitability on an earnings before interest, taxes, depreciation, and amortization (EBITDA) basis.

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2. Centrus Energy

Centrus Energy is at the forefront of uranium enrichment -- a critical link in the value chain that makes mined uranium usable as nuclear reactor fuel.

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NYSE: LEU

Centrus Energy

Today's Change

(5.31%) $10.03

Current Price

$199.03

Key Data Points

Market Cap

$3.7B

Day's Range

$187.00 - $204.59

52wk Range

$128.18 - $464.25

Volume

55.6K

Avg Vol

842.4K

Gross Margin

22.60%

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A leading provider of low-enriched uranium (LEU), Centrus expanded in 2021 into high-assay, low-enriched uranium (HALEU), the nuclear fuel that many advanced nuclear reactors require. The U.S. Nuclear Regulatory Commission granted the company's request to produce HALEU at its Ohio facility, making it the first and only U.S. producer of HALEU.

Characterizing itself as the "only HALEU enricher in the Western World with entrenched first-mover advantages," Centrus believes there is a significant market opportunity for the material to be used in advanced nuclear reactors, amounting to $2.8 billion by 2030 and $8 billion by 2035.

Already, Centrus has inked HALEU supply agreements with several advanced nuclear reactor developers, including Oklo (OKLO +10.35%) for its Aurora powerhouse, TerraPower, and X-Energy (XE +3.60%).

With $3.1 billion in LEU backlog reflecting contracts through 2040 and robust HAELU potential, Centrus has a bright future. And profitable on a free cash flow basis -- it reported $31.3 million in free cash flow for 2025 -- makes the company even more attractive for risk-averse investors.

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3. Denison Mines

Investors on the hunt for greater growth opportunities in uranium mining might also find Denison Mines an appealing option. The company has a portfolio of four top-tier, low-cost uranium development projects in Saskatchewan.

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NYSEMKT: DNN

Denison Mines

Today's Change

(6.71%) $0.23

Current Price

$3.66

Key Data Points

Market Cap

$3.1B

Day's Range

$3.43 - $3.67

52wk Range

$1.56 - $4.43

Volume

1.7M

Avg Vol

31.3M

Gross Margin

-165876.38%

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While its properties are still in development, Denison may soon begin uranium production. The company received regulatory approval to commence construction at its Phoenix asset in February 2026. With the development of the asset expected to take about two years, Denison estimates uranium production will begin in mid-2028.

Denison is optimistic that once Phoenix commences operations, the company will begin generating free cash flow -- cash that management plans to allocate to developing the Gryphon project, another low-cost uranium project.

In addition to the mining projects in development, Denison also has uranium exposure through its 22.5% equity interest in the McClean Lake uranium mill joint venture with Orano Canada. According to Denison, the McClean Lake uranium mill is one of the world’s largest uranium processing facilities. Uranium milling is an important step in the value chain, when uranium is concentrated from mined ore into a uranium oxide powder called yellowcake, a feedstock for uranium conversion and enrichment.

Because it doesn't generate substantial revenue, Denison is best-suited for investors comfortable with speculative investments.

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4. Energy Fuels

Investors interested in a broader approach to critical materials exposure -- one that transcends a singular investment in uranium -- will likely find Energy Fuels to be a materials stock that's a more compelling option. In addition to uranium, Energy Fuels is developing capabilities to produce rare-earth elements.

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NYSEMKT: UUUU

Energy Fuels

Today's Change

(10.73%) $1.89

Current Price

$19.51

Key Data Points

Market Cap

$4.4B

Day's Range

$17.52 - $19.75

52wk Range

$5.14 - $27.90

Volume

725.5K

Avg Vol

10.4M

Gross Margin

24.76%

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One of the largest uranium mining companies in North America, Energy Fuels produced 1 million pounds of uranium in 2025, and it expects to grow production to 1.5 million pounds to 2.5 million pounds in 2026. Through the first four months of 2026 alone, Energy Fuels reported 1 million pounds of uranium production.

Beyond uranium production, Energy Fuels also maintains uranium milling operations. Located in Utah, its White Mesa Mill is the only operating conventional uranium mill in the U.S. and the largest uranium processing facility in the U.S.

The value of the White Mesa Mill transcends uranium, though. Energy Fuels plans on expanding White Mesa Mill to commence commercial production of mid- and heavy rare-earth-element oxides by mid-2027 and light rare-earth-element oxides in subsequent years.

The company is unprofitable on an EBITDA basis, so an investment in Energy Fuels requires investors to be patient and accept a higher risk.

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5. Uranium Energy

Uranium Energy is striving to become a vertically integrated uranium company. While uranium prices were lower, Uranium Energy went on a $1 billion buying spree, acquiring numerous assets over the last decade. As a result, the company now has a strong resource base, including assets in the U.S., Canada, and Paraguay, and totaling more than 330 million pounds of uranium.

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NYSEMKT: UEC

Uranium Energy

Today's Change

(13.58%) $1.84

Current Price

$15.44

Key Data Points

Market Cap

$6.7B

Day's Range

$13.45 - $15.48

52wk Range

$5.90 - $20.34

Volume

460.6K

Avg Vol

9.3M

Gross Margin

-9736.14%

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In April 2026, Uranium Energy began operations at Burke Hollow in Texas. The Burket Hollow project is the second of Uranium Energy's three hub-and-spoke projects. The third project, Ludeman, is projected to begin operations in 2027.

Uranium Energy offers investors a significant growth opportunity with a relatively low level of risk. For one, the company is generating revenue -- it reported sales of $20.2 million in the second quarter of 2026. Plus, the company has a strong balance sheet. It has no debt and $486.3 million in cash and cash equivalents.

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Investing in uranium stocks: FAQ

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About the Author

Scott Levine is a contributing Motley Fool stock market analyst covering energy, industrials, technology, and materials. He is also a high school English teacher and a small business owner. He holds a bachelor’s degree in English and creative writing from Binghamton University, a master’s degree in secondary education from Adelphi University, and an advanced certificate in school building leadership from CUNY Queens College. A crossword puzzle enthusiast, he has solved more than 3,100 New York Times puzzles with a 97% solve rate.

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Best Uranium Stocks for 2026 and How to Invest