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enCore Energy
(NASDAQ:EU)
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Rating:44Neutral
Price Target:
$1.00
▼(-27.54% Downside)
Action:Reiterated
Date:09/23/26
The score is primarily held back by weak financial performance—persistent large losses, very low gross margins, and ongoing operating/free-cash-flow burn—despite meaningful revenue scaling. Technicals are mixed (short-term stabilization above 20/50DMA but still below 100/200DMA with a negative MACD), and valuation is constrained by negative earnings and no dividend support.
Positive Factors
Strong Revenue Scaling
Material revenue expansion demonstrates growing commercial activity and improving market participation in uranium. If the company can sustain deliveries while controlling costs, the larger revenue base could support operating leverage and provide a stronger foundation for future profitability.
Negative Factors
Persistent Unprofitability
Very low gross margins and deeply negative operating and net income show that higher sales have not yet translated into a viable earnings model. Continued losses may restrict reinvestment capacity and indicate that substantial execution and cost improvements are needed before profitability becomes durable.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Scaling
Material revenue expansion demonstrates growing commercial activity and improving market participation in uranium. If the company can sustain deliveries while controlling costs, the larger revenue base could support operating leverage and provide a stronger foundation for future profitability.
Read all positive factors
enCore Energy (EU) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$240.91M
Dividend Yield1.14%
Average Volume (3M)6.89M
Price to Earnings (P/E)―
Beta (1Y)2.27
Revenue Growth24.09%
EPS Growth4.71%
CountryUS
Employees168
SectorGeneral
Sector StrengthN/A
IndustryUranium
Share Statistics
EPS (TTM)-0.33
Shares Outstanding194,280,980
10 Day Avg. Volume14,652,090
30 Day Avg. Volume6,892,511
Financial Highlights & Ratios
PEG Ratio-0.29
Price to Book (P/B)2.02
Price to Sales (P/S)7.83
P/FCF Ratio-10.30
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$2.86Price Target Upside107.25% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)-0.36
Revenue Forecast (FY)$68.94M
enCore Energy Business Overview & Revenue Model
Company Description
enCore Energy Corp. is a U.S.-based company primarily engaged in the acquisition, exploration, and development of uranium resource properties. The firm maintains significant holdings across several key states. In New Mexico, enCore wholly owns the...
How the Company Makes Money
enCore Energy generates revenue primarily by producing and selling uranium (typically as U3O8) to customers in the nuclear fuel supply chain (e.g., utilities and nuclear fuel market participants). Its core revenue model is commodity-based: earning...
enCore Energy Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
48
Neutral
Cash Flow
21
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 55.25M | 59.21M | 58.33M | 22.15M | 5.70M | 0.00 |
| Gross Profit | 5.94M | 13.30M | -7.21M | 2.58M | 2.14M | 0.00 |
| EBITDA | -54.20M | -68.40M | -67.59M | -16.88M | -30.34M | -7.46M |
| Net Income | -62.33M | -78.01M | -61.39M | -25.61M | -31.11M | -10.83M |
Balance Sheet | ||||||
| Total Assets | 416.67M | 430.42M | 392.72M | 326.57M | 300.34M | 159.36M |
| Cash, Cash Equivalents and Short-Term Investments | 74.03M | 95.99M | 63.75M | 24.38M | 7.62M | 9.19M |
| Total Debt | 113.67M | 113.25M | 20.44M | 19.71M | 242.43K | 249.51K |
| Total Liabilities | 171.50M | 172.04M | 74.18M | 64.60M | 11.39M | 10.27M |
| Stockholders Equity | 221.92M | 229.25M | 285.74M | 261.97M | 288.95M | 149.09M |
Cash Flow | ||||||
| Free Cash Flow | -64.75M | -44.99M | -56.55M | -30.71M | -107.62M | -6.64M |
| Operating Cash Flow | -49.87M | -24.99M | -45.20M | -22.99M | -92.98M | -3.97M |
| Investing Cash Flow | -55.59M | -46.22M | -29.99M | -64.62M | -16.41M | -6.05M |
| Financing Cash Flow | 96.14M | 84.74M | 107.42M | 45.90M | 100.71M | 14.09M |
enCore Energy Technical Analysis
Neutral
1.38
Price Trends
1.17
Positive
1.32
Negative
1.87
Negative
Market Momentum
-0.01
Negative
55.98
Neutral
88.57
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EU, the sentiment is Neutral. The current price of 1.38 is above the 20-day moving average (MA) of 1.13, above the 50-day MA of 1.17, and below the 200-day MA of 1.87, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 55.98 is Neutral, neither overbought nor oversold. The STOCH value of 88.57 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for EU.
enCore Energy Risk Analysis
enCore Energy disclosed 66 risk factors in its most recent earnings report. enCore Energy reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
enCore Energy Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | C$378.23M | -17.35 | -8.52% | ― | ― | -63.38% | |
50 Neutral | C$212.44M | 35.03 | 2.29% | ― | ― | ― | |
44 Neutral | $240.91M | -3.79 | -25.71% | 1.14% | 24.09% | 4.71% | |
43 Neutral | C$103.34M | -2.95 | -56.83% | ― | ― | -79.39% | |
40 Underperform | C$82.14M | -28.26 | -3.66% | ― | ― | 87.89% |
* General Sector Average
EU
enCore Energy
1.20
-1.89
-61.17%
TSE:AEC
Anfield Energy Inc
5.02
-8.35
-62.45%
TSE:FUU
F3 Uranium
0.13
-0.07
-35.00%
TSE:MGA
Mega Uranium
0.55
0.13
30.95%
TSE:SASK
Atha Energy Corp.
1.06
0.25
30.86%
enCore Energy Corporate Events
Executive/Board Changes
enCore Energy finalizes CEO separation and consulting terms
Neutral
Jul 9, 2026
On April 20, 2026, enCore Energy Corp. terminated Chief Executive Officer Robert J. Willette without cause, with the company stating his departure did not stem from any disagreement over operations, policies, or financial reporting. The move signa...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.