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Why Denison Mines, Energy Fuels, and Daqo New Energy Stocks Popped Today

Why Denison Mines, Energy Fuels, and Daqo New Energy Stocks Popped Today

The Monday after Christmas dawned bright for alternative energy stocks, and shares of uranium producers Denison Mines (NYSEMKT: DNN) and Energy Fuels (NYSEMKT: UUUU) are roaring ahead 13.4% and 13.5%, respectively, as of 10:45 a.m. EST. Meanwhile, China's Daqo New Energy (NYSE: DQ), a producer of polysilicon for the solar industry, is up a respectable 4%. Daqo announced Wednesday that it has signed a couple of long-term polysilicon supply agreements with local solar panel producers, with something on the order of 55,000 metric tons of polysilicon to be supplied over the next two years.