5 Nuclear Energy Stocks to Buy Now

4. NexGen Energy Ltd. (NYSE:NXE)

Number of Hedge Fund Holders: 15

NexGen Energy Ltd. (NYSE:NXE) is a Vancouver-based company that explores and develops uranium properties in Canada. The stock has gained 39% in the last year, and the company stands to benefit from the shift from oil and gas to alternative energy sources like uranium amid the Russian attack on Ukraine. 

On January 14, TD Securities analyst Craig Hutchison lowered the price target on NexGen Energy Ltd. (NYSE:NXE) to C$9.50 from C$10 and kept a Speculative Buy rating on the shares.

In the fourth quarter of 2021, 15 hedge funds reported owning stakes in NexGen Energy Ltd. (NYSE:NXE), with combined stakes amounting to $67.5 million, as compared to 19 funds in the prior quarter, owning stakes in NexGen Energy Ltd. (NYSE:NXE) worth $60.5 million. Falcon Edge Capital is the leading stakeholder of NexGen Energy Ltd. (NYSE:NXE), with 3.3 million shares worth $14.4 million.