Uranium Energy Corp. Surges 10.55% Amid Strong Demand Outlook for Nuclear Power

Uranium Energy Corp. (NYSEAmerican:UEC) shares rose 10.55% to $17.19 on Wednesday, nearing its 52-week high, as investors responded to a strong demand outlook for uranium over the next few years. The Energy Information Administration projects power demand to increase to 4,256 billion kWh in 2026 and 4,364 billion kWh in 2027. The nuclear power share is expected to increase to 19% this year and slide back to 18% in 2027, benefiting uranium companies such as UEC.