Why Did Energy Fuels Stock Crash Today?

Energy Fuels (NYSEMKT: UUUU) banal collapsed successful aboriginal trading this morning, falling 15.3% done 10:40 a.m. ET aft the U.S. Department of Energy (DOE) issued a alternatively innocuous petition for accusation (an "RFI," a preparatory measurement successful the authorities contracts process that precedes issuing a petition for proposals).

This RFI invites states to explicit involvement successful hosting "Nuclear Lifecycle Innovation Campuses." These campuses could incorporate precocious atomic reactors, and besides behaviour "nuclear substance lifecycle" activities, including "fuel fabrication, enrichment, reprocessing utilized atomic fuel, and disposition of waste."

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The RFIs indispensable beryllium submitted by April 1, 2026.

The announcement made nary notation of Energy Fuels.

One week ago, DOE shook up the vigor marketplace erstwhile it announced it would cancel oregon restructure much than $83 cardinal successful Biden-era loans to assorted renewable and different vigor projects -- portion leaving atomic projects mostly intact oregon adjacent expanding their funding.

This inactive appears to beryllium the policy, and it inactive sounds similar thing that could payment Energy Fuels. Indeed, the caller RFI suggests DOE plans to further atomic development, and to brace its Nuclear Lifecycle Innovation Campuses with collocated precocious manufacturing and information centers that could utilize powerfulness generated by the reactors.

Investors whitethorn beryllium acrophobic by reports that the authorities is preparing for a 2nd shutdown aft national funds tally retired astatine the extremity of this month, arsenic legislators statement backing for the Department of Homeland Security. CNN notes, however, that fund bills passed earlier this twelvemonth already unafraid backing for DOE successful peculiar -- truthful that truly shouldn't beryllium a interest astatine this point.

For me, the biggest interest remains Energy Fuels' dwindling currency equilibrium and continued currency pain complaint of astir $146 cardinal implicit the past 12 months.

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