Why Uranium Energy Stock Popped Today

Uranium Energy (UEC) gained 2.1% after RBC Capital analyst Andrew Wong initiated coverage of rival Ur-Energy (URG) with a positive outlook on U.S. nuclear power prospects. While Wong didn't recommend UEC, investors may be betting the analyst could soon cover Uranium Energy as well. According to analysis, Uranium Energy appears to be the safer investment of the two, with significantly more cash reserves ($488M vs $2M) and analyst expectations for profitability and positive free cash flow next year.