Energy Fuels stock falls 3.03 percent as Q2 loss widens

Energy Fuels stock fell 3.03 percent to USD 11.04 at 3:59 p.m. ET on September 28, 2026, on the NYSE American. The move followed a second-quarter loss of USD 33.4 million, even as revenue rose 496 percent year over year to USD 25.1 million.

Revenue growth meets wider loss

According to TradingView, Energy Fuels reported second-quarter 2026 revenue of USD 25.1 million and a net loss of USD 33.4 million, or USD 0.13 per share. The year-ago quarter produced revenue of USD 4.2 million and a net loss of USD 21.8 million.

The contrast is material for investors: sales expanded rapidly, but the loss widened by USD 11.6 million. Operating expenses and transaction costs tied to expansion weighed on profitability, according to TradingView.

Analyst targets stay above price

H.C. Wainwright raised its Energy Fuels price target to USD 29.25 from USD 29.00 on September 1, 2026, while retaining a Buy rating, as Investing.com reported. The target is 165.08 percent above the September 28 price of USD 11.04.

The latest trading level also sits 60.01 percent below the 52-week high of USD 27.89 and 3.27 percent above the 52-week low of USD 10.69. Market capitalization stood at USD 2.5 billion, while session volume reached 278,543 shares on September 28, 2026.

Rare earth expansion adds scale

Energy Fuels completed its acquisition of Australian Strategic Materials on August 28, 2026. The deal added the Korean Metals Plant, which has current alloy capacity of 1,300 tonnes per year and planned capacity of 3,600 tonnes, according to ColoradoBiz.

The acquisition broadens Energy Fuels beyond uranium into rare earth metals and alloys. That strategy explains the gap between revenue expansion and current earnings pressure: the company is adding processing and manufacturing capacity while funding integration and development costs.

Stock remains near yearly low

Energy Fuels stock was trading at USD 11.04 on the NYSE American at 3:59 p.m. ET on September 28, 2026. The combination of a 3.03 percent daily decline, a wider quarterly loss and a price near the 52-week low leaves execution of the expansion as the central market question.