NexGen Energy Ltd. (NYSE:NXE) is one of Jim Cramer\u2019s Hottest Nuclear Energy Stock Picks, Hits & Misses<\/strong>. NexGen Energy Ltd. (NYSE:NXE) is a Canadian uranium mining company. Its shares are up by 120% over the past year and by 30% since Craer discussed the firm on Mad Money. NexGen Energy Ltd. (NYSE:NXE) started 2026 on a strong note as the stock surged by 51% in January. The stock closed 11% higher on January 2nd after uranium miner Denison Mines revealed that it was ready to build a uranium mine in Canada. NexGen Energy Ltd. (NYSE:NXE)\u2019s stock closed 7% lower on March 3rd after the firm\u2019s fourth quarter earnings report. The firm\u2019s full-year net loss sat at C$309 million, which was wider than the year ago net loss of C$77.6 million. Key to NexGen Energy Ltd. (NYSE:NXE)\u2019s performance is its Rook 1 uranium project in Canada, which has the potential to become one of the biggest uranium mines in the world. Cramer discussed the firm in October as he remarked:<\/p>\n \u201cNXE\u2019s had a really, really big move. Why don\u2019t you do this? Why don\u2019t you know, no doubt, you probably have your, the cost basis as well below this. Take out your cost basis tomorrow, and then you can let it run.\u201d<\/p>\n<\/blockquote>\n 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<\/b>.<\/p>\n READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years<\/b>.<\/p>\n<\/div>\n<\/div>
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