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Stock impact report

Uranium Energy (UEC) Gets 10.5% Boost From Strong Energy Demand Outlook [Yahoo! Finance]

Uranium Energy Corp. (UEC) 
NASDAQ:AMEX Investor Relations: uraniumenergy.com/invest
Company Research Source: Yahoo! Finance
Uranium Energy grew its share prices by 10.55 percent on Wednesday to close at $17.19 apiece, nearly hitting its 52-week high, as investors took path from strong demand outlook for uranium over the next few years. In its short-term energy outlook, the Energy Information Administration (EIA) said that it projects power demand to increase to 4,256 billion kilowatt-hours (kWh) in 2026 and 4,364 billion kWh in 2027 from 4,198 billion kWh last year, as more AI and cryptocurrency data centers ramp up their power consumption to support the rapidly-growing industries. Share of the nuclear power alone is expected to increase to 19 percent this year and slide back to 18 percent in 2027, versus 18 percent last year. This, on the other hand, is expected to spill over to uranium companies such as Uranium Energy Corp. (NYSEAmerican:UEC). In another study, Equity Insider also posted optimism for the overall nuclear sector, saying that firms namely Uranium Energy Corp. (NYSEAmerican:UEC), soon Show less Read more
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