NexGen Energy (NXE) Fell This Week. Here is Why

Group 1 - NexGen Energy Ltd. (NYSE:NXE) experienced a share price decline of 6.62% from February 3 to February 10, 2026, making it one of the worst-performing energy stocks during that week [1] - The company is a Canadian uranium explorer and developer, primarily focused on the Athabasca Basin region of Saskatchewan [2] - A report from Culper Research, released on February 6, claimed that the net present value of NexGen's Rook I project is overstated by 43% to 62%, labeling the company as an "insider enrichment scheme" with significant downside risks [3][4] Group 2 - Culper Research acknowledged the potential of NexGen's Rook I project, describing it as "supposedly the greatest uranium asset on the planet," but still criticized the company for its alleged misleading practices [4] - The company has faced additional pressure due to a recent decline in uranium prices, with current uranium futures in the US at $88 per pound, down from a near two-year high of $101.5 at the end of January [5]