enCore Energy Corp. (EU)

Several events have impacted enCore Energy Corp.'s stock price in the past six months. These include insider selling by directors, a settlement with the former CEO, a convertible notes offering, new uranium discoveries and expansion at the Alta Mesa project, analyst ratings and price target adjustments, Q2 2025 financial results highlighting increased uranium extraction rates and reduced costs, and institutional investment activity with firms increasing their holdings in enCore Energy.

Demand seasonality for enCore Energy Corp.'s products is influenced by broader trends in the nuclear fuel market. Seasonal patterns suggest increased activity in the third and fourth quarters, potentially leading to average price increases. Uranium demand is considered perfectly inelastic. The uranium market has shifted from an oversupply to a structural deficit, coupled with global nuclear fleet expansion and geopolitical factors, indicating a strong underlying demand for uranium.

enCore Energy Corp. is a U.S.-based energy company focused on uranium extraction and production, playing a significant role in the nuclear energy industry. The company acquires, explores, develops, and extracts uranium resource properties in the United States using In-Situ Recovery (ISR) technology. Its major products are uranium concentrates, which serve as fuel for nuclear energy. The company operates fully licensed uranium processing infrastructure and aims to achieve a processing rate of 3 million pounds of uranium trioxide annually by 2026 and 5 million pounds by 2028.

enCore Energy Corp.'s operations and projects are primarily located in the United States, with a strategic focus on uranium-rich regions. Key geographic areas include Texas (Alta Mesa project, Rosita processing plant, Kingsville Dome facilities, South Texas Integrated ISR project, and the Mesteña Grande Uranium project), New Mexico (Crownpoint and Hosta Butte projects, Marquez-Juan Tafoya property, and the Nose Rock project), Wyoming (Gas Hills project and Juniper Ridge project), and South Dakota (Dewey Burdock project).

enCore Energy Corp.'s brand reputation has been influenced by positive operational advancements and some corporate challenges. Positive developments include promoting itself as "America's Clean Energy Company™" and the successful ramp-up of production at its plants. Reputation-affecting events include a net loss for fiscal 2024, the departure of its CEO, material weaknesses in internal controls, a settlement with the former CEO, and insider selling by directors.

As of October 2025, approximately 20.86% of enCore Energy Corp.'s stock is owned by institutional investors and hedge funds. Major institutional owners include Azarias Capital Management L.P., Farther Finance Advisors LLC, Tower Research Capital LLC TRC, Vident Advisory LLC, and Osaic Holdings Inc. Major individual owners include William Sheriff, Dennis Stover, William Harris, Janet Lee-Sheriff, and Mark Pelizza.