AI Data Centers, EVs to Lead New Surge in Energy Demand
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
- Growing Demand for Electricity: Experts predict a surge in electricity demand due to AI data centers, EVs, and chip manufacturing, equivalent to the total electricity demand of a country like Turkey.
- Companies Capitalizing on Renewable Energy: Companies like Revolve Renewable Power Corp., BioLargo Inc., Skyharbour Resources Ltd., Tisdale Clean Energy Corp., and North Shore Uranium Ltd. are highlighted as investment opportunities in the growing renewable energy sector.
Analyst Views on DNN
Wall Street analysts forecast DNN stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for DNN is 3.30 USD with a low forecast of 3.00 USD and a high forecast of 3.60 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 3.920
Low
3.00
Averages
3.30
High
3.60
Current: 3.920
Low
3.00
Averages
3.30
High
3.60
About DNN
Denison Mines Corp. is a Canada-based uranium exploration and development company focused on the Athabasca Basin region of northern Saskatchewan, Canada. The Company holds a 95% interest in the Wheeler River Project, which is a uranium project. It hosts two uranium deposits: Phoenix and Gryphon. It is located along the eastern edge of the Athabasca Basin in northern Saskatchewan. It holds a 22.5% ownership interest in the McClean Lake joint venture (MLJV), which includes several uranium deposits and the McClean Lake uranium mill. It also holds a 25.17% interest in the Midwest Main and Midwest A deposits, and a 67.41% interest in the Tthe Heldeth Tue (THT) and Huskie deposits on the Waterbury Lake property. The Company, through JCU (Canada) Exploration Company, Limited, holds indirect interests in the Millennium project, the Kiggavik project, and the Christie Lake project. It also offers environmental services. The Company also uses MaxPERF drilling tool technology and systems.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
