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NXENexGen Energy Ltd.
$8.25$5.5B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
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P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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NXE logo

NexGen Energy Ltd.

NXE
NYSE · Uranium
$8.25
At close - Nov 6, 4:00 PM EST - USD
Market Cap$5.46B
P/E-32.4x
52W High$13.96
Volume7.42M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Pre-Revenue Capital Burn Masks Rook I Project Advancement

NexGen Energy is a pre-revenue uranium developer focused on advancing its flagship Rook I project, with zero revenue reported across the last ten quarters.

GrowthStable
ProfitabilityWeak
ValuationReview
TechnicalsWeak
Explore valuation models
MARKET ACTION

NXE price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

2/12 Beats

EPS beat 2 of last 12 quarters

02

Valuation risk

-218% Peers

P/E is 218% below peer median

03

Market leadership

RS 27 · Lag

Laggard (Underperforming 73% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystConfirmed earnings · Nov 9
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

The company remains in a pre-revenue development phase with zero reported revenue, resulting in consistent operating losses averaging approximately $22M per quarter, driven entirely by SG&A expenses that ranged from $14.4M to $36.1M.

Analyst Consensus
Buy(4 analysts)
4 Buy0 Hold0 Sell

The Bull Case

Upside Catalysts

Record-high uranium grades

NexGen Energy Ltd. has record-high uranium grades at Patterson Corridor East, positioning it as a top-tier Athabasca Basin developer.

High-grade Rook I Project

The high-grade Rook I Project is a key asset with near-term catalysts, driving bullish sentiment for NexGen Energy Ltd.

Nuclear equities re-rating potential

NexGen Energy Ltd. is poised for a re-rating similar to other nuclear equities, given its strong project portfolio and market conditions.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
NXE-19.51%
S&P 500 (^GSPC)+7.63%
1-Year Return
NXE+1.48%
S&P 500 (^GSPC)+9.69%
3-Year Return
NXE+42.49%
S&P 500 (^GSPC)+75.11%
5-Year Return
NXE+28.71%
S&P 500 (^GSPC)+62.83%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
-32.4x
Forward P/E
N/A
EV/EBITDA
N/A
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-32.4x
46.7x
0th· Low
EV/EBITDA
N/A
N/A
N/A
Price/FCF
N/A
N/A
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
-
Net income FY25
-$309M-299.0% YoY
Free cash flow FY25
-$78M+49.8% YoY
Operating margin FY25
-
ROIC (FY25)-4.9%
Avg ROIC 5Y-8.7%
ROE (TTM)-16.1%
Piotroski Score3 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate2/12 (17%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 4, 2026
$0.08+293.5%
vs -$0.04
—
vs —
Q2 2026
May 5, 2026
-$0.17-330.3%
vs -$0.04
—
vs —
Q2 2026
Mar 3, 2026
-$0.05-66.7%
vs -$0.03
—
vs —
Q4 2025
Nov 5, 2025
-$0.16-724.5%
vs -$0.02
—
vs —
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
MarketBeat·2d ago
Oil, Uranium, or Renewables? 3 Energy Plays for a Changing Market

The results of the 2026 midterms have analysts and investors continuing to speculate about the United States' path forward in the Iran war. It's no secret that rising oil and gas prices have made for a favorable environment for some energy firms, but a shift in the situation in the Gulf could mean that those companies lose out on their big refining earnings gains.

Newsfile Corp·3d ago
NexGen Energy to Host Q3 2026 Conference Call

Vancouver, British Columbia--(Newsfile Corp. - November 5, 2026) - NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE) (ASX: NXG) ("NexGen" or the "Company") will host its 2026 third quarter conference call on Tuesday, November 10, 2026, at 8:00 am Eastern Time.

Seeking Alpha·Oct 26, 2026
NexGen Energy: Rook I Is Being Built, Now Financing Must Protect Each Share

NexGen Energy is a Buy as Rook I construction advances, but capital structure uncertainty keeps valuation depressed. NXE's upside hinges on project execution, cost control, and securing favorable financing without excessive dilution or value transfer. Rook I boasts 239.6M lbs probable reserves, high grades, and strong competitive barriers, but remains a single-asset, pre-revenue developer.

MarketBeat·Sep 29, 2026
NexGen Energy Sees Uranium Supply Crunch Lasting for Decades

NexGen Energy NYSE: NXE Chief Commercial Officer Travis McPherson said the company sees a long-term uranium supply shortfall as a central driver for the market, arguing that years of underinvestment have left the industry unable to quickly respond to rising demand for nuclear power.

Filtered for NexGen Energy Ltd.More Headlines
04

Compare before deciding

Benchmark NXE against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for NexGen Energy Ltd. (NXE)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
NXE logoNXENexGen Energy Ltd.Current
$8.25$5.46B-32.35——-16.13%—
CCJ logoCCJCameco Corporation
$71.30$31.05B110.4910.95%11.46%6.02%0.24%
DNN logoDNNDenison Mines Corp.
$2.19$1.98B-48.0822.25%-1436.72%-18.22%—
URG logoURGUr-Energy Inc.
$0.74$295.26M-3.34-19.28%-252.34%-110.66%—
UEC logoUECUranium Energy Corp.
$6.92$3.42B-24.97-44.27%-368.62%-9.95%—
UUUU logoUUUUEnergy Fuels Inc.
$6.66$1.66B-14.52-15.61%-99.99%-14.77%—

Compare NXE vs Peers

NexGen Energy Ltd. (NXE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CCJ

Most directly comparable listed peer for NXE.

Scale Benchmark

vs GEV

Larger-name benchmark to compare NXE against a more recognizable public peer.

Peer Set

Compare Top 5

vs CCJ, DNN, URG, UEC

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NXE Frequently Asked Questions

NexGen Energy Ltd. (NXE) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
Is NXE profitable?

No. NexGen Energy Ltd. (NXE) reported a net loss of $253.9M over the trailing twelve months.

Dividend & Returns
What is NXE's return on equity?

NexGen Energy Ltd. (NXE) had a return on equity (ROE) of -16.1% over the trailing twelve months. A negative ROE means the company lost money over the period.

What is NexGen Energy Ltd.'s free cash flow?

NexGen Energy Ltd. (NXE) had negative free cash flow of $240.6M over the trailing twelve months.

What if you invested $1,000 in NXE back in 2012?

Total return calculator · dividends reinvested · 14+ years of data

See returns →