5 Best Growth Stocks Under $10 to Buy

2. NexGen Energy Ltd. (NYSE:NXE)

Number of Q4 2023 Hedge Fund Shareholders: 31

Latest Trailing P/E Ratio: 65.29

Share Price: $7.84

NexGen Energy Ltd. (NYSE:NXE) is a Canadian uranium company headquartered in Vancouver, Canada. The stock has soared by 15.56% year to date after uranium prices set a new record and crossed $100 a pound.

As of December 2023 end, 31 out of the 933 hedge funds covered by Insider Monkey’s research had bought NexGen Energy Ltd. (NYSE:NXE)’s shares. Brad Dunkley and Blair Levinsky’s Waratah Capital Advisors was the biggest investor due to its $33.4 million stake.

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