With an upside potential of 55.9%, NexGen Energy Ltd. (NYSE:NXE) earns a spot on our list of the best nuclear energy stocks to buy as SMRs go mainstream.
AlexKZ/ On May 9, 2026, Scotiabank raised its price target on NexGen 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.
With shares up 33% year-to-date, investor sentiment is largely driven by that construction catalyst and the ongoing exploration advancements. On May 7, 2026, NexGen Energy Ltd. (NYSE:NXE) released the final batch of 2025 assay results from the Patterson Corridor East (PCE) discovery, located 3.5 km from the Arrow Deposit, and the intercepts were encouraging. One drill hole, named RK-25-239, found a 13-meter section containing an average uranium grade of 5.2% U₃O₈ (uranium oxide), while RK-25-240 hit 10.0 m at 3.95% U₃O₈, including 0.5 m at 33.3%.