Uranium Energy Corp. delivered a weak Q3 with zero revenue, low production, and elevated costs, but I maintain a Buy rating. UEC's $794 million liquidity, no debt, and 1.46 million pounds of U₃O₈ inventory provide strategic flexibility and downside protection. UEC remains fully unhedged, offering leveraged optionality to uranium price movements and the U.S. nuclear fuel chain rebuild.
Uranium Energy: The Miss Was Ugly, But Thesis Remains Intact
Source: Seeking Alpha