Daily Nuclear & Uranium Market Recap
5/14/26
Daily Nuclear & Uranium Market Recap
Thursday, May 14, 2026
1. Market Overview
The nuclear and uranium complex finished Thursday in a mixed but constructive posture: SMR, advanced nuclear, and select satellites (ASPI, NNE, NUAI, SKBL) pushed higher while several core producers and IPPs (CCJ, UEC, TLN, VST) digested recent moves. The broader market continued to march higher, with the S&P 500 climbing 0.8 percent to another all time high, the Dow gaining 0.7 percent and closing above 50,000 for the first time since the war with Iran began, and the Nasdaq adding 0.9 percent to its own record. AI related tech and semiconductors again led the tape.
Uranium rose to 86.15 dollars per pound on May 14, up 0.12 percent from the prior day, up 0.64 percent over the past month, and up 20.32 percent year over year, according to Trading Economics’ CFD that tracks the benchmark market. Investing.com’s futures series shows 86.05 on May 13, 86.30 on May 12, 86.15 on May 11, 86.20 on May 8, highlighting the extremely tight 86 to 87 dollar band the market has held for weeks. FRED’s global uranium price for March 2026 was 68.79 dollars, down from 71.30 in February but up from 51.83 one year ago, confirming a higher structural floor despite month to month noise.
TradeTech’s April 14 press release reiterated that the Long-Term Uranium Price Indicator climbed to 93.00 dollars per pound on March 31, up 6.50 dollars since December 31, driven by “historically high forecast nuclear fuel requirements”. This remains the highest long term indicator since 2008.
2. Equity Movers - Leaders
Leadership was centered in advanced nuclear, satellites, and niche names.
NuClear (NKLR) closed at 6.34 dollars, plus 8.19 percent on 479.5 thousand shares. NKLR continues to trade as a high beta satellite, and today’s move comes after several days of consolidation around the 6 dollar level.
Nano Nuclear (NNE) closed at 28.21 dollars, plus 4.27 percent on 2.1 million shares. NNE remains one of the strongest SMR/advanced nuclear performers since early April.
NuScale AI (NUAI) closed at 5.20 dollars, plus 4.21 percent on 6.5 million shares.
Bloom Energy (BE) closed at 301.80 dollars, plus 4.16 percent on 8.0 million shares. BE continues to benefit from the Oracle AI data center power deal, where Oracle plans to purchase up to 2.8 gigawatts of Bloom’s solid oxide fuel cell systems for its AI buildout, and from a 5 billion dollar AI infrastructure initiative with Brookfield Asset Management.
Skyline Builders (SKBL) closed at 3.58 dollars, plus 4.07 percent.
NuScale Power (SMR) closed at 11.99 dollars, plus 0.25 percent on 28.1 million shares, modestly green after yesterday’s drawdown.
Talen (TLN) closed at 356.00 dollars, plus 1.42 percent on 595.5 thousand shares, bouncing slightly after yesterday’s 6 percent decline. TLN recently reaffirmed 2026 Adjusted EBITDA guidance of 1.75 to 2.05 billion dollars and Adjusted FCF of 980 to 1,180 million, despite raising 4 billion dollars of new senior unsecured notes in April.
enCore Energy (EU) closed at 1.64 dollars, plus 3.14 percent on 2.8 million shares.
Mirion (MIR) closed at 19.15 dollars, plus 2.74 percent on 3.0 million shares, again with a wide intraday range of 18.82 to 19.55 dollars.
BWX Technologies (BWXT) closed at 214.00 dollars, plus 3.47 percent on 1.1 million shares. Zacks’ May 12 update lists BWXT at 206.83 dollars with a 2.85 percent 12 week gain, a 44.11 forward PE, and 16.93 percent projected EPS growth.
Constellation (CEG) closed at 276.09 dollars, plus 0.44 percent on 3.6 million shares, stabilizing after yesterday’s 6 percent drop.
3. Equity Movers - Red Prints
Most of the red was in core producers and royalty names, with moves in the 2 to 4 percent range.
X-Energy (XE) closed at 29.38 dollars, minus 5.19 percent on 3.5 million shares. XE remains in post IPO price discovery; recall it raised 1.017 billion dollars at a 14 billion dollar valuation, backed by Amazon and Ark Invest.
ASP Isotopes (ASPI) closed at 6.11 dollars, minus 3.32 percent on 4.0 million shares, giving back part of yesterday’s 6.95 percent move but remaining above the 5.86 to 6.32 dollar breakout band.
Uranium Energy (UEC) closed at 14.82 dollars, minus 3.58 percent on 7.9 million shares. Zacks continues to highlight UEC as a top nuclear stock with 43.14 percent projected EPS growth and a strong balance sheet.
Energy Fuels (UUUU) closed at 19.50 dollars, minus 3.37 percent on 7.9 million shares.
Denison (DNN) closed at 3.48 dollars, minus 3.06 percent on 23.5 million shares, now roughly flat versus the April 9 close of 3.58 dollars after a large April rally and May giveback.
Oklo (OKLO) closed at 67.10 dollars, minus 3.67 percent on 14.8 million shares. Despite recent volatility, Oklo remains up roughly 40 percent from its April 9 close of 48.00 dollars.
Uranium Royalty (UROY) closed at 3.99 dollars, minus 2.21 percent on 1.8 million shares, just below the 4 dollar level.
SILXY closed at 20.92 dollars, minus 2.65 percent.
SLX AT closed at 5.73 euros, minus 2.22 percent.
Cameco (CCJ) closed at 112.34 dollars, minus 2.64 percent on 3.2 million shares. Bank of America continues to see CCJ as its preferred nuclear name with a 125 dollar price targetand expects uranium to reach 130 dollars per pound by Q4 2026.
Ur Energy (URG) closed at 1.82 dollars, minus 2.84 percent on 9.1 million shares.
NexGen (NXE) closed at 11.98 dollars, minus 1.64 percent on 5.5 million shares.
Centrus (LEU) closed at 191.93 dollars, minus 0.20 percent.
Vistra (VST) closed at 141.86 dollars, minus 0.53 percent on 5.1 million shares.
Curtiss Wright (CW) closed at 750.84 dollars, minus 0.02 percent, essentially flat but with a wide intraday range of 728.04 to 813.72 dollars.
The common pattern: after multiple days of strong gains across producers and developers, the tape rotated back into advanced nuclear (NNE, NKLR, NUAI), niche names (SKBL, EU, MIR), and quality contractors (BWXT, CW) while leaving the commodity essentially unchanged and the broader market at new highs.
4. Uranium Market Backdrop
Spot: Uranium rose to 86.15 dollars per pound on May 14, up 0.12 percent on the day, up 0.64 percent over the past month, and up 20.32 percent year over year. Investing.com’s futures data confirms 86.05 on May 13, 86.30 on May 12, 86.15 on May 11, 86.20 on May 8, showing the extremely tight range.
Monthly and global context: YCharts shows the March 2026 average spot at 68.79 dollars, down from 71.30 in February but up from 51.83 one year ago, a 32.70 percent year over year increase. FRED’s global uranium price series for March 2026 is also 68.79 dollars, with 69.71 in January, 71.30 in February, and 63.51 in December 2025, confirming the rising structural floor.
Long term pricing: TradeTech’s long term indicator at 93 dollars per pound as of March 31, Cameco at 91.50 dollars, and Uranium Spotlight’s April at 90 dollars.
UXK26 futures: The May 2026 uranium futures contract (UXK26) continues to trade near 86 dollars with a first notice date of May 22, eight days away. The roll into the June contract is ongoing but appears orderly.
Sector quality screeners: Zacks’ May 12 “5 Top Nuclear Energy Stocks to Buy Today” list includes Denison (DNN), BWXT, Rolls Royce (RYCEY), and notes DNN’s 560.70 percent projected sales growth, BWXT’s 16.93 percent projected EPS growth, and Rolls Royce’s 28.21 percent projected EPS growth.
5. SEQH Desk View
Today was quietly positive for the theme, even though a handful of core producers printed red. The key points:
Uranium is 86.15 dollars, slightly higher on the day and up modestly month over month and 20 percent year over year.
The S&P 500, Dow, and Nasdaq all printed new records, with AI and semis driving indices higher. This is the exact macro environment where SMR and AI power proxies (BE, NUAI, Oklo, SMR, XE) should and did perform well.
The rotation from producers (CCJ, UEC, DNN, UUUU) into satellites and advanced nuclear (ASPI, NNE, NKLR, NUAI, SKBL, EU, MIR, BWXT) is normal after several days of strong producer outperformance.
The structural thesis remains unchanged:
Spot: mid 80s, grinding higher 86.15today86.15today.
Term: 90 to 93 dollars, highest since 2008.
Forecasts: BofA targets 130 dollars per pound by Q4 2026, with CCJ as their top pick.
AI power: BE’s Oracle deal and Brookfield AI initiative prove that AI data center power demand is real and huge.
Macro: Markets at record highs, oil above 100 dollars per barrel, and inflation prints still hot, all supporting nuclear as the premier clean baseload hedge.
Positioning framework remains:
Core: CCJ, UEC, LEU, DNN, UUUU, UROY, BWXT, CEG, VST, TLN, MIR, CW, NXE
Satellites: SMR, Oklo, BE, NNE, ASPI, NUAI, NKLR, EU, SILXY, URG, LTBR, XE, SKBL
With uranium inching higher, long term pricing pinned near 90 plus, and AI power deals compounding, the complex remains in a secular bull phase. Today’s modest producer red and satellite green is just another rotation within that trend.