11 Stocks That Will Go to the Moon According to Reddit

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4. enCore Energy Corp. (NASDAQ:EU)

Analyst Upside as of January 14, 2025: 85%

Number of Hedge Fund Holders: 17

enCore Energy Corp. (NASDAQ:EU) ranks fourth on our list of the stocks expected to go to the moon according to Reddit. The company is working to provide clean and reliable fuel for nuclear energy. As the demand for nuclear energy grows, enCore is in a very positive position to leverage that demand. On November 25, 2024, the company announced the acquisition of 5.2 million units of Nuclear Fuels Inc. and may increase or decrease its stake depending on market conditions.

In the third quarter of 2024, enCore Energy Corp. (NASDAQ:EU) generated $9.2 million in revenue, underscoring investor optimism surrounding the stock and its position. On November 4, enCore announced its 5-year outlook on its uranium sales agreements. As of October 31, 2024, the company has managed to execute seven contracts to supply uranium to nuclear power plants in the US. Over the next five years, the company expects to see a significant boost in its contracted deliveries with a slight decline in 2028.

The company has a solid 5-year plan, explaining its position on our list and the favorable sentiment among investors and analysts alike. Given its roadmap, enCore Energy Corp. (NASDAQ:EU) is set to benefit from the nuclear energy wave for a good 5 years at least.

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