Top 10 Penny Stocks That Will Skyrocket

7. Energy Fuels Inc. (NYSE:UUUU)

Price: $4.43

Analyst Upside Potential: 127.27%

Number of Hedge Fund Holders: 18 

Energy Fuels Inc. (NYSE:UUUU) is a US-based critical minerals company specializing in uranium, rare earth elements, vanadium, heavy mineral sands, and medical isotopes. It is the leading producer of uranium in the United States, supplying natural uranium concentrates to nuclear utilities for carbon-free nuclear energy production.

In 2024, Energy Fuels Inc. (NYSE:UUUU) achieved significant milestones that strengthened its position as a leading US critical minerals company. It resumed active uranium mining operations, selling 450,000 pounds of uranium (U3O8) at profitable prices. This includes 200,000 pounds under long-term contracts at $75.13 per pound and 250,000 pounds under spot contracts at $91.51 per pound. The sales generated a gross profit of $21.32 million with a 56% gross margin.

Recently, the company formed a strategic alliance with The Chemours Company to strengthen the United States’ domestic supply chain for critical minerals, including rare earth elements, titanium, and zirconium. Energy Fuels Inc. (NYSE:UUUU) is one of the top penny stocks that will skyrocket as analysts expect more than a 127% upside.