Sep. 3 at 11:42 AM
$EU EnCore Energy initiated with a Buy at Jefferies
Jefferies analyst Laurence Alexander initiated coverage of EnCore Energy with a Buy rating and
$1.44 price target. The company offers exposure to U.S. uranium supply security, the analyst tells investors in a research note. The firm believes higher prices will likely fund EnCore's scaling up in production, once permits fall into place. It cites domestic uranium scarcity, policy support for Western-aligned fuel supply, and the company's owned processing footprint for the Buy rating.
