Morgans analyst Chris Creech said that now is “the time to have some yellowcake on your plate.” The brokerage firm covered Australia's Paladin Energy, Boss Energy, and NexGen Energy for the first time, and gave them buying ratings. Creech said that after decades of underinvestment, the uranium market is currently structurally limited. At the same time, he said, in the context of decarbonization pressures, energy security concerns, and AI-driven electricity growth, “nuclear power is becoming the only scalable zero-carbon baseload option.” Morgans set a target price of $13.05 for Paladin, and the stock closed at $10.63 on Tuesday. Its target price for Boss was $1.55, while the closing price was $1.26. It set NexGen's price target at $20.80, and the stock was last reported at $15.52.

Morgans analyst Chris Creech said that now is “the time to have some yellowcake on your plate.” The brokerage firm covered Australia's Paladin Energy, Boss Energy, and NexGen Energy for the first time, and gave them buying ratings. Creech said that after decades of underinvestment, the uranium market is currently structurally limited. At the same time, he said, in the context of decarbonization pressures, energy security concerns, and AI-driven electricity growth, “nuclear power is becoming the only scalable zero-carbon baseload option.” Morgans set a target price of $13.05 for Paladin, and the stock closed at $10.63 on Tuesday. Its target price for Boss was $1.55, while the closing price was $1.26. It set NexGen's price target at $20.80, and the stock was last reported at $15.52.