13 Best Nuclear Power Stocks to Buy According to Analysts

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3. NexGen Energy Ltd. (NYSE:NXE)

Upside Potential as of October 6: 24.54%

NexGen Energy Ltd. (NYSE:NXE) is a Canadian uranium explorer and developer operating particularly in the Athabasca Basin region of Saskatchewan.

NexGen Energy Ltd. (NYSE:NXE) is focused on optimally developing the Rook I Project into the largest, low-cost uranium mine in the world. Earlier this month, the company announced an upsized AUD $600 million equity offering in Australia, along with a concurrent C$400 million bought deal equity offering in North America. The proceeds from these offerings will be used to advance engineering of the Rook I Project, for pre-production capital costs, and for general corporate purposes.

It was recently reported that the company had secured a new uranium offtake agreement with an unnamed ‘major US-based utility’ to deliver 1 million pounds of uranium annually over a five-year period. This latest contract follows the initial agreements NexGen signed with US utility companies last year to supply 5 million pounds of uranium.

Given the renewed global interest in nuclear energy and the recent surge in prices of the nuclear fuel, the share price of NexGen Energy Ltd. (NYSE:NXE) has risen by over 20% since the beginning of 2025.

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