Traders looking at the "NXE stock forecast" are factoring in recent uranium auction prices in Kazatomprom’s market, which jumped over 5% month-over-month. This strengthens the commodity thesis underpinning NXE’s revenue projections over the next fiscal cycle. We can also look at Sunrun (NASDAQ: RUN ), with booming interest in solar energy. According to Carbon Brief , “Wind and solar are growing faster than any other sources of electricity in history, according to new analysis from thinktank Ember. It says they are now growing fast enough to exceed rising demand, meaning there will be a peak in fossil fuel electricity generation – and emissions – from this year.” Also, Kazakhstan has changed the Mineral Extraction Tax (MET) for uranium, effective this year. Per the new code, the new MET rate will increase from 6% to 9% in 2025. From 2026 onward, it will be based on production and spot prices. Investors tracking the "NXE stock forecast" are noting increased institutional accumulation in Q2 2024, which could indicate confidence in NexGen's flagship Rook I project. Technical charts display a breakout from resistance at CAD 10.00 with volume expansion, a classic sign of momentum buying in the resource space.
