Energy Fuels Inc. (UUUU) saw its stock soar 6.22% on Friday, February 28, 2025, in the pre-market session. The rally was driven by positive analyst coverage and optimism surrounding the company's strategic positioning in the uranium and rare earth production markets.

Shares of the energy and critical minerals company received a boost after Roth MKM upgraded UUUU to a "Buy" rating with a price target of $5.75. The firm cited Energy Fuels' diversified asset portfolio, strong balance sheet, and favorable position to benefit from growing demand for critical minerals essential for energy, defense, and technology applications.

Additionally, HC Wainwright & Co. maintained its "Buy" rating on UUUU, highlighting the company's progress in resuming commercial uranium production and securing world-class critical mineral assets, including rare earth elements.

During its Q4 2024 earnings call, Energy Fuels provided guidance for uranium production of 1.73 to 1.17 million pounds in 2025, with additional capacity from alternate feed materials. The company also aims to increase its rare earth production capacity to 6,000 tons of NDPR (Neodymium-Praseodymium) per year by 2028, leveraging its acquisition of world-class heavy mineral sands projects in Madagascar, Australia, and Brazil.

With its strategic acquisitions and diversified operations, Energy Fuels is positioning itself as a globally significant critical minerals company, poised to capitalize on the growing demand for essential materials in the energy transition, defense, and technology sectors.