ASX:NXG
Nexgen Energy (Canada) CDI
Investment Summary
The fund managers believe that NexGen Energy presents a significant investment opportunity due to its recent price rally of 20.1%, influenced by a shift in sentiment towards nuclear power. In their opinion, key announcements from major tech companies like Amazon and Google regarding investments in nuclear energy, alongside Microsoft's decision to restart the Three Mile Island facility, underscore a growing trend in seeking reliable low-carbon power sources. The managers see this resurgence in nuclear energy as a favorable backdrop for NexGen's future prospects, making it a compelling prospect for investors looking to capitalize on the evolving energy landscape.
Commentary From The Managers
Milford Asset Management
30 Sept 2024
$9.61
- NexGen Energy has seen a strong rally of +20.1% due to improving sentiment in the nuclear energy sector.
- Positive announcements regarding nuclear investments have come from major tech companies, including Amazon and Google.
- This follows Microsoft's agreement to restart the Three Mile Island nuclear generating station.
- The rise in nuclear power interest is attributed to big tech's pursuit of reliable low-carbon power sources.
- Milford Asset Management continues to hold a position in NexGen Energy given the favorable market developments.
Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.