11 Reddit Stocks with Biggest Upside Potential

7. enCore Energy Corp. (NASDAQ:EU)

Average Upside Potential as of November 11: 76.17%

enCore Energy Corp. (NASDAQ:EU) is committed to providing clean, reliable, and affordable fuel for nuclear energy as the only US uranium producer with multiple production facilities in operation. It acquires, explores, and develops uranium properties and owns several projects in key uranium-rich regions like New Mexico, Utah, South Dakota, Wyoming, and Arizona.

It reported positive financial results and operational progress for the three and nine months ended September 30. The company’s revenue reached $45 million during the nine months, driven by increasing uranium extraction and yellowcake sales. The commissioning of its second uranium processing plant, Alta Mesa, further supported its production capabilities. Revenue for Q3 2024 alone was $9.20 million.

The company successfully met its contractual obligations by delivering 530,000 pounds of yellowcake during the period, utilizing both purchased and processed uranium. Additionally, it secured its 8th uranium supply contract with a US nuclear utility, guaranteeing the delivery of 300,000 pounds of yellowcake at a favorable price point.

enCore Energy Corp. (NASDAQ:EU projects to process over 1 million pounds of yellowcake annually by 2025. Continued supply disruptions and geopolitical tensions are also expected to contribute to a favorable contracting environment for uranium producers, positioning this company for growth.