Educational research only—not investment advice or a recommendation. Scores and estimates may use delayed, incomplete, restated, or corrected market and filing data. Independently verify information before making an investment decision.

enCore Energy Corp.

EUNASDAQ

Wall Street Score · overall investment23/100

$0.78USD+$0.00 (+0.22%)

Company website encoreuranium.com

HeadquartersOne Galleria Tower, Dallas, TX, 75240, US

Financial statement currencyUSD · no FX conversion applied

Energy · Uranium

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Price updated todayFinancials updated Oct 21, 2026

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EU · Price history

Price at last available close

$0.78

−$0.42 (-35.02%) 1M

2026-10-28

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Company & revenue

About enCore Energy Corp.

Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.

Who they are

enCore Energy Corp. is a U. S. -based company primarily engaged in the acquisition, exploration, and development of uranium resource properties.

How they make money

enCore Energy Corp. generates revenue primarily through the extraction and sale of uranium concentrate (U3O8) produced using In-Situ Recovery (ISR) technology at its facilities in South Texas. The company sells this uranium to utility customers under long-term sales agreements, with pricing often influenced by contract-specific terms, including ceiling prices.

Products & services

Uranium concentrate (U3O8) produced via In-Situ Recovery (ISR) extraction, and the development of uranium extraction projects in the United States.

Brands & revenue mix

No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.

Product / operating segments

No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.

Geographic revenue

No reconciled geographic revenue breakdown was confirmed for the current research period.

Customer types

Nuclear energy utilitiesSource

Customer concentration

The company reports revenue from uranium sales under contracts with customers, but does not explicitly name specific major customers or disclose concentration percentages in the 2025 10-K.

Suppliers, materials & equipment

Unnamed — Various contractors and service providers for uranium extraction and facility operations.Source

Business relationships & partnerships

Boss Energy Limited — Joint venture partnership for the Alta Mesa Project, where Boss Energy holds a 30% interest.Source

Competitors

Energy Fuels Inc. — Uranium producer operating in the United States.Source

Strengths

Ownership of multiple licensed and constructed ISR central processing plants in TexasSource

Risks

Volatility in market prices of uraniumSource
Contractual ceiling prices limiting revenue upsideSource

Sources

Company research source

Financial risk observations and what to check

These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.

Total debt is at least one year of revenue

Debt is large relative to the company's recent revenue base. Review maturity dates, borrowing terms and whether available liquidity can support the obligation.

Interest coverage is below 2x

Reported earnings provide limited coverage of interest expense. Review the underlying interest and operating-income figures because weak coverage can increase refinancing and liquidity risk.

Free cash flow is negative

The latest reported period did not generate positive free cash flow. Check whether the cash use reflects development investment, working capital or continuing operating losses.

Cash covers less than 20% of total debt

Cash on hand is small relative to reported debt. Compare unrestricted cash, debt maturities and expected financing needs rather than treating the ratio alone as a default prediction.

Total debt increased 1003.9% versus the same quarter last year.

Compare the added borrowing with available cash, cash generation and maturities. A percentage increase from a small starting balance can look large without measuring the full debt burden.

Wall Street Score

Overall investment score · Quality, value, risk and opportunity

Poor

PoorElite

View category scores →

Company Quality

How good is the actual business—regardless of today’s stock price?

Poor

Financial Strength

Business Quality / Moat

Management

Growth Quality

Risk / Durability

Weak Company · Expensive Stock

Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.

Opportunity

Opportunity Score · How does the current price compare with estimated value?

Avoid

Based on current valuation, company quality, recent trends, and available market signals.

View score details →

Model Outlook

12-month model · What does the model think happens next?

40/100

Building Historical Record

Model Score 40/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.

Probability unavailable — the model has not produced a calibrated probability yet.

Click for full breakdown →

WSS View

The quick read

The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.

At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.

The model outlook is currently cautious.

What we like

•Asset quality scores strongly

What to watch

•High debt risk
•Valuation is a weaker part of the current profile
•Revenue fundamentals are weak
•Debt / balance-sheet profile needs attention

Company-specific research

Questions worth answering for EU

Research inputs 100% complete

These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.

•What is driving EU's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
•How long can EU fund negative free cash flow using its current cash position before it may need more debt or new shares?
•Is EU's debt load manageable relative to cash generation, interest costs and upcoming maturities?
•What specifically needs to improve for EU to reach sustainable profitability?
•What future growth or profitability would be needed to justify EU's current valuation?

⚠ 1 warningView warning details

High debt risk

Business analysis: 16 days ago · Fresh

Essential Investment Snapshot

Wall Street Score

0–100 · Poor

Opportunity Score

0–100 · Poor

Market Cap

$151.5M

P/E Ratio

-2.4

EPS

$-0.33

52-Week High

$3.68

52-Week Low

$0.77

Beta

1.25

Analyst Target

$3.50

Shares Outstanding

186.9M

Total Revenue

$55.2M

Total Debt

$113.7M

Dividend

No current dividend

View dividend history

Liquidation Value / Share

$1.31

Estimated net asset value per share

Momentum & Volatility Signals

Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.

0–100 market signals

Momentum

8/ 100

+2 pts / 5d

Strong downward momentum

5D -2.8% · 20D -27.8% · RSI 23 · Price vs 20D avg -12.4%

Volatility

62/ 100

+10 pts / 5d

Elevated movement

20D realized vol 73.5% · 60D 104.1% · Acceleration 0.71x

Momentum = Where is it going?

A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.

Volatility = How violently is it moving?

A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.

Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.

Notices for EU

Detected from reported data — verify before acting.

Dividend history reported

Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.

High debt risk

Total debt is at least one year of revenue • Interest coverage is below 2x • Free cash flow is negative • Cash covers less than 20% of total debt

Community Sentiment

0 active · 0 total calls

0% Bullish (0) 0% Bearish (0)

No personal call yet on EU.

Potential upside factors

+Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
+Ownership of multiple licensed and constructed ISR central processing plants in Texas.

Potential downside factors

−Debt risk (high): Total debt is at least one year of revenue.
−Interest coverage is below 2x.
−Free cash flow is negative.
−Cash covers less than 20% of total debt.

These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.

Create a free account to make a call.

Scores

Click any score for full breakdown

Wall Street Score

Very Weak23/ 100

Weak (0–50)Fair (51–71)Strong (72+)

Poor

Tap for breakdown →

Poor

Debt Cost3.0%

Debt Reduction YoY-454.1%

Debt / Equity0.49x

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Poor

Revenue YoY-6.7%

Revenue CAGR63.5%

Net Margin-112.8%

Tap for breakdown →

Strong

Asset Growth YoY9.6%

Liquidation/Share$1.31

Net Assets/MCap1.97x

Tap for breakdown →

Poor

Earnings Yield-40.6%

Buyback Yield0.0%

Debt Cost3.0%

Tap for breakdown →

Poor

ROIC-28.8%

ROE-28.1%

ROA-15.0%

Tap for breakdown →

Fair

EPS Growth—

FCF/Share Growth—

Rev/Share Growth39.6%

Tap for breakdown →

Poor

Line Item	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$55.2M	$59.2M	$58.3M	$22.1M	····	····	····	····	····	····	····
Cost of Revenue	$49.3M	$45.9M	$65.5M	$19.6M	····	····	····	····	····	····	····
Gross Profit	$5.9M	$13.3M	-$7.2M	$2.6M	····	····	····	····	····	····	····
Research & Development	$0.00	$0.00	$0.00	$0.00	····	····	····	····	····	····	····
SG&A Expenses	$48.5M	$58.5M	$27.1M	$19.9M	····	····	····	····	····	····	····
Operating Expenses	$90.8M	$103.5M	$65.0M	$43.3M	····	····	····	····	····	····	····
EBITDA	-$55.8M	-$77.1M	-$67.6M	-$16.9M	····	····	····	····	····	····	····
Operating Income	-$84.8M	-$90.2M	-$72.2M	-$40.7M	····	····	····	····	····	····	····
Interest Expense	$6.4M	$3.4M	$1.7M	$3.5M	····	····	····	····	····	····	····
Income Before Tax	-$71.4M	-$87.1M	-$73.9M	-$26.1M	····	····	····	····	····	····	····
Income Tax Expense	-$499K	-$670K	-$5.9M	-$467K	····	····	····	····	····	····	····
Net Income	-$62.3M	-$78.0M	-$61.4M	-$25.6M	····	····	····	····	····	····	····
Basic EPS	$-0.33	$-0.41	$-0.34	$-0.18	····	····	····	····	····	····	····
Basic Shares	194M	187M	182M	144M	····	····	····	····	····	····	····
Diluted Shares	194M	187M	182M	144M	····	····	····	····	····	····	····

Line Item

TTM

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

Revenue

$55.2M

$59.2M

$58.3M

$22.1M

····

Cost of Revenue

$49.3M

$45.9M

$65.5M

$19.6M

····

Gross Profit

$5.9M

$13.3M

-$7.2M

$2.6M

····

Research & Development

$0.00

····

SG&A Expenses

$48.5M

$58.5M

$27.1M

$19.9M

····

Operating Expenses

$90.8M

$103.5M

$65.0M

$43.3M

····

EBITDA

-$55.8M

-$77.1M

-$67.6M

-$16.9M

····

Operating Income

-$84.8M

-$90.2M

-$72.2M

-$40.7M

····

Interest Expense

$6.4M

$3.4M

$1.7M

$3.5M

····

Income Before Tax

-$71.4M

-$87.1M

-$73.9M

-$26.1M

····

Income Tax Expense

-$499K

-$670K

-$5.9M

-$467K

····

Net Income

-$62.3M

-$78.0M

-$61.4M

-$25.6M

····

Basic EPS

$-0.33

$-0.41

$-0.34

$-0.18

····

Basic Shares

194M

187M

182M

144M

····

Diluted Shares

194M

187M

182M

144M

····

Conservative Projected Values

3 Years

$———.——

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5 Years

$———.——

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10 Years

$———.——

Premium

Conservative Projection Rate

——%

Premium

Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.

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enCore Energy Corp.

EU · Price history

About enCore Energy Corp.

Financial risk observations and what to check

The quick read

Questions worth answering for EU

Essential Investment Snapshot

Momentum & Volatility Signals

Community Sentiment

Potential upside factors

Potential downside factors

Scores

Score Changes

Price vs. Value

Financial Charts

Earnings Summary

Insider Activity

Guru / Smart Money

Short Interest

Dividend History

Conservative Projected Values

Conservative Projected Values

Historical Outperformance Record

Historical Trends

Historical Score Chart

Related Companies

News

Rumor Mill · EU

Verdera share distribution was completed

Alta Mesa expansion and production-recovery milestones remain pending

$250 million ATM program creates a potential dilution overhang

enCore is evaluating uranium-industry consolidation opportunities

Related Stock Research

Score Alerts

Portfolio Score