Why Ur-Energy Stock Popped Today

Ur-Energy stock jumped 5.1% after RBC Capital analyst Andrew Wong initiated coverage with an outperform rating and $1.75 price target. Wong is optimistic about rising nuclear power demand in the U.S. and the need for domestic uranium production, citing Ur-Energy's capital-efficient business model and government support. With uranium prices at $85/pound (up from $32.25 five years ago) and AI data center demand driving power needs, analysts predict the company could return to profitability as early as 2027 after eight years of losses.