NexGen Energy (NXE) Reported its Development Pipeline
Management of NexGen Energy Ltd. (NYSE:NXE) noted that 2024 was a foundational year marked by its successful IPO in July 2024, which strengthened its capital base and reinforced its commitment to renewable energy leadership in the Philippines. Its four projects are in advanced stages, including the 9.9 MW Palauig Solar Farm expansion, expected to begin operations by mid-2026. NexGen Energy Ltd. (NYSE:NXE) is also progressing its wind projects and has installed 120-meter meteorological masts with multi-height wind instruments at the Real and Mauban Offshore Wind site.
A miner in a hard hat and apron holding a piece of uranium ore in the Athabasca Basin, Saskatchewan.
Moreover, the company is also actively engaging international investors from Japan, China, Europe, and the Middle East. The company's wind projects have also received green lane certifications, which expedite permit approvals, for large-scale projects totaling 2,800 MW in Quezon province.
NexGen Energy Ltd. (NYSE:NXE) is a Canadian company focused on the exploration and development of high-grade uranium properties.
While we acknowledge the potential of NXE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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