Why These Energy Stocks are Losing This Week

1. enCore Energy Corp. (NASDAQ:EU)

Share Price Decline Between Feb. 14 – Feb. 24: 47.06%

enCore Energy Corp. (NASDAQ:EU) engages in the acquisition, exploration, and development of uranium resource properties in the United States. The company is the only American uranium producer with multiple extraction facilities in operation.

Shares of enCore Energy Corp. (NASDAQ:EU) plunged after the company announced its Q4 2024 results, which were below market expectations. EU announced revenue of $19.24 million during the quarter, missing estimates by over $550,000. The company also reported a loss per share of $0.14, far below expectations of a loss per share of $0.03. enCore’s loss for the full-year 2024 increased by over 139% YoY to $61.3 million, raising concerns about its profitability.

Overall, enCore Energy Corp. (NASDAQ:EU) ranks first on our list of the energy stocks that are losing this week. While we acknowledge the potential for energy stocks, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than EU but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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