Daily Nuclear & Uranium Market Recap
3/17/26
Daily Nuclear & Uranium Market Recap
Tuesday, March 17, 2026
Market Overview
The nuclear and uranium complex delivered a steady green session for most names, extending Monday’s stabilization while uranium itself held firm in the mid $80s. Uranium rose to $86.15/lb on March 16, up 0.58% day over day, and is down 2.98% over the past month but still 35.03% higher than a year ago, based on CFD pricing that tracks the benchmark market. March futures likewise settled at $86.15 yesterday, capping a week long consolidation in a tight $85.65 to $86.15 band. The curve and recent Crux and CarbonCredits work continue to frame this as a pause inside a structurally bullish market defined by supply tightness, rising nuclear buildouts, and growing financial participation.
Key Equity Movers, Winners
(NKLR) closed at $4.45, plus 5.70% on 196.0K shares, the top mover in today’s set. Intraday range was wide, from $4.21 to $4.83, reflecting continued micro cap volatility.
Bloom Energy (BE) closed at $160.00, plus 4.11% on 6.4M shares, adding to yesterday’s gains as investors cautiously rotate back into AI and data center power exposure. Recent analysis still flags BE as expensive after a 285% run in 2025, but secular tailwinds remain strong.
Mirion Technologies (MIR) closed at $19.30, plus 4.04% on 5.6M shares, another large bounce after repeated volatility spikes.
NuScale Power (SMR) closed at $12.42, plus 3.76% on 22.2M shares, continuing its recovery from litigation and macro driven lows. SMR remains a high risk, long dated SMR option that tends to move with sentiment around the broader “$10 trillion nuclear opportunity” narrative rather than near term fundamentals.
Uranium Energy (UEC) closed at $13.96, plus 3.41% on 7.4M shares, reclaiming some ground after last week’s pullback. The Q2 print last week confirmed $20.2M revenue, $10M gross profit, uranium sold at $101/lb versus an $80.76/lb spot average, and $818M in liquid assets with no debt. Today’s bid looks like renewed confidence in that bull case now that the dust has settled.
Talen Energy (TLN) closed at $327.50, plus 3.12% on 917.6K shares, outperforming the IPP complex as it continues to recover from earlier February and March weakness.
enCore Energy (EU) closed at $1.99, plus 1.86% on 2.2M shares, extending its slow recovery after year end results that showed 655k lbs sold at $65.89/lb and a strengthened balance sheet via warrants.
Vistra (VST) closed at $164.88, plus 1.78% on 2.1M shares, rising alongside TLN.
BWX Technologies (BWXT) closed at $208.09, plus 1.67% on 915.4K shares, continuing to attract defensive capital.
Denison (DNN) closed at $3.72, plus 1.64% on 31.3M shares, inching higher after the Phoenix ISR FID and post earnings “sell the news” pressure. Commentary this week has emphasized that the FID and roughly $600M capex plan were widely anticipated, so the stock now trades on execution risk, financing terms, and the timeline to mid 2028 first production.
Most other core names printed small greens: LTBR plus 1.22%, CCJ plus 1.14%, UROY plus 0.82%, URG plus 0.69%, NXE plus 0.60%, LEU plus 0.47%, UUUU plus 0.47%, CEG plus 0.46%.
Laggards
ASP Isotopes (ASPI) closed at $4.97, minus 6.93% on 7.5M shares, the weakest name today. This follows a sharp move higher earlier in March on the nuclear fuel MOU and HALEU narrative, and recent valuation work has noted the stock experienced a one day drop of about 9.7% and is still down 6.22% year to date even after a 24.8% one year total return. Today’s selloff is best read as another leg in a valuation and sentiment reset inside an uptrend that is still structurally intact.
Nano Nuclear (NNE) closed at $21.60, minus 1.64% on 3.2M shares, continuing to drift lower from February highs.
NuScale AI (NUAI) closed at $5.50, minus 1.08% on 7.2M shares, giving back a portion of yesterday’s 16.5% jump.
Oklo (OKLO) closed at $59.16, minus 0.88% on 18.9M shares, sitting just under the $60 level that has become a short term pivot.
Curtiss Wright (CW) closed at $679.58, minus 0.62% after a strong day Monday, with an intraday high near $720 underscoring ongoing volatility in what is usually a steadier defense name.
Skillful Craftsmen (SKBL) closed unchanged at $3.16.
Uranium Market Backdrop
Spot and futures: Uranium rose to $86.15/lb on March 16, up 0.58% from $85.65 the prior session, but is still 2.98% lower over the past month and 35.03% higher than a year ago. Futures data show the same $86.15 March 16 price, with the past month’s range sitting roughly in the $85.65 to $89.40 zone. Long term context from YCharts and Statista places February’s average spot around the low $70s, up about 31% year over year, with January’s $83 to $85 range marking 17 month highs.
Structural picture: Crux and CarbonCredits have emphasized that long term contract pricing has settled in a $75 to $85/lb band and that global reactor requirements are set to rise from about 68,920 tonnes in 2025 to more than 150,000 tonnes by 2040, even as major producers hold capacity below potential and financial buyers keep removing material from the spot market. That backdrop remains fully intact, even as the last six weeks have been dominated by a commodity pause and equity de rating.
SEQH Desk View
Today’s tape was a constructive but still cautious follow through to Monday’s stabilization. The right things were green: BWXT, CCJ, UEC, DNN, the IPPs, and UUUU all printed gains, while uranium itself ticked back up to $86.15 after flirting with a break of the $85 handle last week. That combination supports the view that we are sitting in a mid cycle consolidation in the commodity while equities work through macro overhangs.
The ASPI and URG price action remains the clearest warning about what the market is punishing right now. For URG, that is dilution and negative margins despite long term ISR leverage; for ASPI, it is rich valuation and headline dependence even with a credible HALEU and nuclear fuel MOU story. Balance sheet quality, cost curve position, and funding risk are increasingly the differentiators inside a sector where the macro thesis is widely accepted.
Meanwhile, UEC, CCJ, UUUU, DNN, LEU, and the IPPs are quietly rebuilding their bases at levels that still assume far more damage to the cycle than the mid $80s uranium price and tightening term market justify. With spot now back to $86.15, the setup into Q2 and the spring contracting season remains asymmetric for investors who can look beyond week to week volatility.