What happened Shares of Denison Mines (NYSEMKT: DNN) surged 34% on Tuesday as traders bid up the prices of uranium stocks. So what Rare cold weather in the southern U.S. has strained the region's power grid in recent days. That's led to a surge in the price of electricity and a rebound in the price of natural gas. It's also reshaping investors' views of the nuclear power industry. Denison Mines stock price is up sharply in recent days. Image source: Getty Images. "The cold weather resulting in peak energy demand shows that the steady, baseload supply from nuclear plants is invaluable in times like this," Uranium Energy CEO Amir Adnani told MarketWatch. "Thus, a greater appreciation of the long-term benefits from nuclear power, which is also the only non-emitting baseload electricity source, should lead to rising uranium demand in the coming years." Now what Denison Mines owns a 90% stake in the promising Wheeler River uranium mine development project. The company announced on Feb. 8 that it was resuming the environmental assessment process and ramping up its field-testing activities. The next day, Denison announced encouraging results from its exploration and expansion drilling program. On Feb. 10, Denison said it raised $25 million via a stock and warrant sale that it would use to fund its operations. These positive developments are likely spurring many investors to buy shares of Denison Mines as a means to potentially profit from an uptrend in uranium demand. 10 stocks we like better than Denison MinesWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Denison Mines wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source