Private Offering Details: enCore Energy Corp. has priced a private offering of $100 million in 5.50% senior notes due 2030, increased from the initial $75 million.
Use of Proceeds: The company plans to allocate approximately $10 million for capped call transactions, $10.6 million for debt repayment, and the remaining funds for general corporate purposes.
Conversion Terms: Note holders can convert their notes starting May 15, 2030, at an initial conversion rate of 303.9976 shares per $1,000 of notes, with a conversion price set at $3.29 per share.
Capped Call Transactions: The cap price for the capped call transactions is initially set at $4.52 per share, reflecting a 75% premium over enCore Energy's closing price on August 19.
EU
$2.38+Infinity%1D
Analyst Views on EU
Wall Street analysts forecast EU stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EU is 3.96 USD with a low forecast of 3.96 USD and a high forecast of 3.96 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.
2 Analyst Rating
Wall Street analysts forecast EU stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EU is 3.96 USD with a low forecast of 3.96 USD and a high forecast of 3.96 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.
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 2.410
Low
3.96
Averages
3.96
High
3.96
Current: 2.410
Low
3.96
Averages
3.96
High
3.96
H.C. Wainwright
Heiko Ihle
Buy
upgrade
$4
2025-08-12
Reason
H.C. Wainwright
Heiko Ihle
Price Target
$4
2025-08-12
upgrade
Buy
Reason
H.C. Wainwright analyst Heiko Ihle raised the firm's price target on EnCore Energy to $4 from $2.75 and keeps a Buy rating on the shares following the Q2 report. The firm believes EnCore can deliver low-cost uranium and capitalize on strong uranium pricing to drive its cash flow.
Cantor Fitzgerald
Mike Kozak
Speculative Buy -> Buy
upgrade
$3.25
2025-07-28
Reason
Cantor Fitzgerald
Mike Kozak
Price Target
$3.25
2025-07-28
upgrade
Speculative Buy -> Buy
Reason
Cantor Fitzgerald analyst Mike Kozak upgraded EnCore Energy to Buy from Speculative Buy with a $3.25 price target.
Cantor Fitzgerald
Speculative Buy -> Buy
upgrade
$3.25
2025-07-28
Reason
Cantor Fitzgerald
Price Target
$3.25
2025-07-28
upgrade
Speculative Buy -> Buy
Reason
Cantor Fitzgerald upgraded EnCore Energy to Buy from Speculative Buy with an unchanged price target of $3.25 after the company reported a "positive operational update" along with monthly production results at its Alta Mesa in-situ recovery uranium mine in south Texas. Alta Mesa uranium extraction continues to scale-up, with consistent month-over-month improvement, the analyst noted. The momentum is being driven by accelerated wellfield development and improved runtime, which supports further production growth, the analyst added.
B. Riley
Buy
maintain
$4
2025-07-23
Reason
B. Riley
Price Target
$4
2025-07-23
maintain
Buy
Reason
B. Riley kept a Buy rating on EnCore Energy with a $4 price target following a transfer of coverage. The uranium industry setup is favorable for producers following recent developments in the space, the analyst tells investors in a research note. The firm says the U.S. has seen meaningful federal support for nuclear power generation due to executive orders signed in May and programs to enhance the nuclear fuel supply chain.
About EU
enCore Energy Corp. is a clean energy company. The Company is engaged in providing clean, reliable, and affordable fuel for nuclear energy as the uranium producer in the United States. The Company is focused on producing domestic uranium in the United States. The Company only utilizes the In-Situ Recovery technology (ISR) to provide necessary fuel for the generation of clean, reliable, and carbon-free nuclear energy. Its projects include Alta Mesa Project, Mestena Grande Uranium Project, Dewey-Burdock Project, Gas Hills Project, Juniper Ridge Project, Aladdin Project, Centennial Project, and others. The Alta Mesa Project is located within a portion of the private land holdings of the Jones Ranch and includes surface and mineral rights as well as oil and gas and other minerals including uranium. The Dewey-Burdock Project is an ISR uranium project located in the Edgemont uranium district in South Dakota. The Gas Hills Project is located in the Gas Hills uranium district.
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.
