Is NexGen Energy (NXE) One Of The Best Nuclear Energy Stocks To Buy As SMRs Go Mainstream?
Key takeaways
- Is Nex Gen Energy (NXE) One Of The Best Nuclear Energy Stocks To Buy As SMRs Go Mainstream?
- On May 9, 2026, Scotiabank raised its price target on Nex Gen Energy Ltd.
- (NYSE:NXE) posted a net loss of CAD $156 million (CAD $0.24 loss per share from continuing operations), compared to a CAD $50.9 million loss (CAD $0.09 per share) a year earlier.
Is Nex Gen Energy (NXE) One Of The Best Nuclear Energy Stocks To Buy As SMRs Go Mainstream? Faheem Tahir Sat, May 16, 2026 at 12:36 AM GMT+7 2 min read NXE With an upside potential of 55.9%, Nex Gen Energy Ltd. (NYSE:NXE) earns a spot on our list of the best nuclear energy stocks to buy as SMRs go mainstream.
On May 9, 2026, Scotiabank raised its price target on Nex Gen Energy Ltd. (NYSE:NXE) to CAD $22 from CAD $18, keeping an Outperform rating following Q1 2026 results, announced three days earlier.
For the quarter, NexGen Energy Ltd. (NYSE:NXE) posted a net loss of CAD $156 million (CAD $0.24 loss per share from continuing operations), compared to a CAD $50.9 million loss (CAD $0.09 per share) a year earlier. The net loss widened, reflecting the accelerating pace of investment in the Rook I Project, which is preparing to enter major construction this summer. Negative earnings are also attributable to the pre-production stage of the company.