What Makes NexGen Energy (NXE) a Good Addition to Your Nuclear Energy Portfolio

NexGen Energy Ltd. (NYSE:NXE) is included among the 13 Best Nuclear Power Stocks to Buy According to Analysts.

What Makes NexGen Energy (NXE) a Good Addition to Your Nuclear Energy Portfolio

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.

While we acknowledge the potential of NXE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NXE and that has a 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None.