The S&P/ASX 200 Energy Index (ASX: XEJ) rose 1.2% yesterday while many other sectors fell. 

This index is now up 33% year to date, while the S&P/ASX 200 Index (ASX: XJO) is down just over 4%. 

Some ASX energy shares that have enjoyed strong returns lately include: 

• Yancoal Australia Ltd (ASX: YAL) is up 72% year to date
• Karoon Energy Ltd (ASX: KAR) is up 32%
• Ampol Ltd (ASX: ALD) has risen 15% in March 
• NexGen Energy Ltd (ASX: NXG) is up nearly 9% year to date. 

Why are energy shares rising?

ASX energy shares are rising mainly because oil and gas prices have surged, driven by geopolitical tensions (especially in the Middle East) and supply disruptions, which tighten global energy supply.

Higher energy prices also increase inflation expectations, making energy stocks more attractive compared to other sectors like tech.

At the same time, investors are rotating into commodities and defensive sectors, pushing more money into energy shares.

Investors may be concerned about whether this rally can continue. Here are some recent outlooks for these high performing ASX energy shares. 

Yancoal Australia Ltd (ASX: YAL)

Yancoal Australia is sitting at a 52-week high at the time of writing, after it climbed nearly 4% yesterday. 

Yancoal has a diversified mix of metallurgical and thermal coal mines, with primary geographical markets Japan, Singapore, China, South Korea, Taiwan, and Thailand. 

It closed yesterday trading at $8.63. 

After hitting record highs, analysts now view the stock as overvalued. 

According to five analysts offering forecasts via TradingView, Yancoal has an average one year price target of $7.66. 

This target is 11% lower than yesterday's closing price. 

Ampol Ltd (ASX: ALD)

Ampol shares rose another 1% during yesterday's trade. 

It is the largest, and only Australian-listed, petroleum refiner and distributor. 

After rising 15% in March, analysts now see the stock as fully valued. 

10 analysts have an average one year price target of $33.68 according to TradingView, right around yesterday's closing price of $33.44. 

Karoon Energy Ltd (ASX: KAR)

Karoon Energy is another energy stock hovering close to its 52-week high. 

It rose a healthy 4.5% yesterday to close trading at $2.06. 

The company is an oil and gas explorer and producer with assets in Brazil.

It is also now fully valued based on targets from analysts. 

9 analyst ratings via TradingView have a one year forecast of $2.04, suggesting there is little future upside. 

NexGen Energy Ltd (ASX: NXG)

NexGen Energy an exploration and development stage entity engaged in the acquisition, exploration, evaluation, and development of uranium properties in Canada.

This ASX energy stock has almost doubled in the last year. 

However unlike the previous three stocks, it appears experts believe this company can continue to rise in 2026. 

UBS recently put a 12 month share price target of $21. 

From yesterday's closing price of $15.51, that's suggests almost 35% upside. 

19 analysts' forecasts via TradingView paint a similar picture, with an average price target of $21.18. 

The post Can these red hot ASX energy shares keep charging higher? appeared first on The Motley Fool Australia.

Regular readers will know how much I admire this business. It's an investment conglomerate that has been operating for 120 years.

It started out as a pharmacy company, but has since divested that a business which is now owned by Wesfarmers Ltd (ASX: WES). There's a lot to like about Soul Patts right now, which is why I'm especially pleased that I invested at a lower price than it's currently trading at.

Defensive and good cash flow

Soul Patts has deliberately built its portfolio to be defensive and focus on ones that can provide reliable cash flow through the economic cycle.

The business is invested in areas like telecommunications, swimming pools, agriculture, financial services, credit, electrification, resources, industrial property and plenty more.

By having a diversified portfolio, the business is exposed to a variety of opportunities and risks, but this also means its portfolio's assets are largely uncorrelated to each other.

The sectors it's invested in are good options for cash flow, which can help fund a growing dividend (a key attraction for me) and can also be put towards additional investments.

Recent investments include taking over Brickworks, agriculture and water entitlements, acquiring the rest of Ampcontrol (the electrification business), and reportedly investing in a fast-growing US coffee shop.  

The ASX share has energy investments

The ASX share market is seeing volatility amid the oil price pain, but there are a few businesses that are rising likely because of the market view of where energy prices could go.

Soul Patts is invested in the coal miner New Hope Corporation Ltd (ASX: NHC), which is capable of producing big dividends when the coal price increases. New Hope currently plays an important part in funding the Soul Patts dividend because the investment conglomerate is a large minority shareholder of New Hope.

The business is also invested in the Canadian-based uranium miner Nexgen Energy (ASX: NXG). This business could make very pleasing levels of cash flow once the project is fully operational, though that could take several years. It's also possible that further uranium deposits could be identified and utilise the existing mine infrastructure.

Dividend yield

While the consistently growing dividend is the most appealing part of the passive income picture, I think the dividend yield is a solid starting point too.

My estimate for what annual dividend it will pay in FY26 puts the projected grossed-up dividend yield at 4%, including franking credits, at the time of writing.

Overall, I think the ASX share has an attractive future. That's why I was happy to invest $3,000 at a slightly lower lower valuation than its trading at today.

The post Why I invested $3,000 into this great ASX share last week appeared first on The Motley Fool Australia.

UBS describes Nexgen as a Canadian uranium exploration and development company focused primarily on its flagship Rook 1 project. This project includes the high-grade Arrow deposit in Saskatchewan's Athabasca Basin.

The main reason UBS rates the business a buy is its Rook 1 project, though the business also has "significant exploration upside".

Let's look at why the broker says that it "offers attractive valuation support and upside to higher uranium prices through its largely uncontracted order book."

Compelling production expectations

UBS said it sees Rook 1 as a multi-decade project that's capable of delivering sales "ramping from 2033 and ~20mlb/yrs at steady state using higher cost and capex assumptions vs latest guidance and a $100/lb real uranium price." UBS noted that other analysts are assuming around 25mlb per year for the first five years, which means there could be more possible upside than UBS is suggesting.

Based on those assumptions, the broker suggests the project could generate C$2.2 billion per year in operating profit (EBITDA) under its base case, offering a free cash flow yield of around 16%.

UBS said that the longevity of the project is key to its valuation, with resource conversion likely to extend the mine life to more than 20 years and justify the $3 billion expenditure on the project.

The broker expects uranium to enter structural deficits, positioning Rook 1 to feed into this, but not materially change the market.

UBS expects the business to achieve a margin of around $70 per pound in around 10 years. The broker believes that a higher uranium price could significantly boost the valuation. The broker suggests that a $25 rise per pound would lift its valuation by more than 35%.

Funding this project is an important part of the investment question, so let's see what the broker's currently thinking on that side of things.

How will the ASX uranium share fund Rook 1?

The broker UBS believes Nexgen has a range of sources it can use for funding:

There are various levers which we explore in this report. It will likely consist of a combination of debt + assets (equity interests + strategic inventory) + pre-payments + equity. We assume C$2.85bn real capex (30% vs 2024 latest company estimate) and assume a minimum C$400m cash on the balance sheet to account for contingency. We acknowledge there is a wide range of potential sources of funds and levers NexGen can draw upon.

Nexgen Energy share price target

As you'd expect with such a bullish outlook, UBS thinks the ASX energy share can provide pleasing returns for investors.

In just the next 12 months – though we shouldn't think of investing in any share, particularly Nexgen, in such a short timeframe – UBS thinks the Nexgen Energy share price could climb to $21. That implies a possible rise of close to 20% in the next year.

Due to the long-term nature of the construction plans, no revenue (let alone earnings) is expected in FY30. But earnings are expected to ramp up by the mid-2030s.

The post Why experts just rated this ASX uranium share as a buy appeared first on The Motley Fool Australia.

The ASX uranium stock has more than doubled over the past 12 months – indeed, for those who got in at the low of $6.44, it has almost tripled to now be changing hands for $17.56.

But three brokers we surveyed all thought the company's shares had further to go.

So let's look at the big news underpinning the share price rise in recent days.

Major approval a milestone

Naturally, the ructions in the energy market from the war in the Middle East have played a part in bolstering support for uranium shares; however, NexGen has had some big news of its own.

The company said late last week that it had received the final approval necessary to build its Rook 1 uranium mine in Canada, which will be among the biggest in the world once it comes into production.

The company said regarding the project last week:

When fully operational, the Rook I Project will be the largest single source and environmentally elite uranium mine globally, incorporating state-of-the-art extraction and safety systems. In production, Rook I is capable of producing up to 30 million pounds annually – representing over 20% of the current global uranium fuel supply and over 50% of western world supply.

The company added that now that approvals were in place, it was set to begin construction.

The team, procurement, engineering, vendors, contractors and capital are in place to commence construction activities with advanced site and shaft sinking preparation. NexGen has already made its Final Investment Decision with official construction commencing in summer 2026. As per the Rook I Project schedule, construction will take 4 years from commencement.

ASX uranium stock looking cheap

The team at Shaw and Partners have had a look at the announcement, and they like what they see.

They said in a note to clients this week:

In our view the uranium market is in the early stages of a 'super-cycle' and we expect to see prices increase to ~US$200/lb before reverting to a long-term sustainable price of US$120/lb next decade. NexGen is one of our preferred exposures to the super-cycle. We retain our buy recommendation and $22.90 price target which is based on a DCF valuation.

UBS also has a buy recommendation on the ASX uranium stock with a price target of $21, while Bell Potter has a price target of $19.

The post Up more than 100% in a year, this ASX uranium stock has further to go, brokers say appeared first on The Motley Fool Australia.

The company said in a statement to the ASX on Friday that the environmental approval from the Canadian Nuclear Safety Commission was the final approval necessary for the project, which it owns 100% of.

The ASX-listed uranium company said it had worked together with local indigenous groups and partners on the permitting process.

The company went on to say:

When fully operational, the Rook I Project will be the largest single source and environmentally elite uranium mine globally, incorporating state-of-the-art extraction and safety systems. In production, Rook I is capable of producing up to 30 million pounds annually – representing over 20% of the current global uranium fuel supply and over 50% of western world supply.

All systems go

The company said now that approvals were in place, it was set to begin construction.

The team, procurement, engineering, vendors, contractors and capital are in place to commence construction activities with advanced site and shaft sinking preparation. NexGen has already made its Final Investment Decision with official construction commencing in summer 2026. As per the Rook I Project schedule, construction will take 4 years from commencement.

NexGen Chief Executive Officer Leigh Curyer said the company had gone through what was "one of the most rigorous and comprehensive regulatory processes undertaken for a resource project globally''.

He added:

The world is changing fast, and NexGen's Rook I is now ready to be a significant contributor to global requirements for nuclear energy and Canada's role as an energy superpower. As global demand for reliable, clean, baseload nuclear energy continues to accelerate at an unprecedented pace, uranium is the critical fuel for powering industrial electrification and the digital infrastructure of tomorrow. Simply put, energy is the key to our global growth. Nuclear is the chosen energy to supply that economic growth. NexGen is the foundational and necessary key to fuelling that growth.

The Rook 1 project will be an underground mine in the Athabasca region of Canada.

NexGen's feasibility study envisages the project operating for a mine life of 11 years, over which time it would produce 233.6 million pounds of uranium.

NexGen's Australian shares were 1 cent higher on the news at $17.87. The company's shares are also listed on the New York Stock Exchange and the Toronto Stock Exchange.

The company's ASX-listed shares were valued at $11.79 billion at the close of trade on Thursday.

The post Which uranium company has just received approval to build one of the world's biggest mines? appeared first on The Motley Fool Australia.

That's according to the team at Shaw and Partners.

Both Paladin and Boss Energy shares are already off to a strong start in 2026.

Year to date at the time of writing, the Paladin share price is up 28.3%, while Boss Energy shares have gained 14%. That compares to a 1.1% gain posted by the All Ordinaries Index (ASX: XAO) over this same period.

Why ASX uranium shares could charge higher from here

In a new report, Uranium Super-Cycle, Shaw and Partners recommends investors hold an overweight position in ASX uranium shares.

The broker expects that "a growing disconnect" between global uranium supply and long-term nuclear demand will see a big uptick in uranium prices, which should help lift profits for producers like Boss Energy and Paladin.

Uranium was recently trading for around US$88 per pound, after hitting a two-year high of $101 per pound on 29 January.

But citing structural supply deficits, accelerating nuclear demand, and tightening fuel contracting cycles, Shaw and Partners expects nuclear fuel to surge to US$200 per pound.

In the new report, the broker now forecasts a uranium spot price of US$175 per pound in 2027, up from its prior forecast of US$150 per pound. And in 2028, Shaw and Partners expects uranium will fetch US$200 per pound, up from the prior forecast of US$150 per pound.

Why the uranium price could more than double by 2028

Shaw and Partners' bullish outlook on the price of the nuclear fuel, and the resulting expected strength of ASX uranium shares, follows on what it called a "sharp market signal" when uranium spiked from US$85 per pound to US$102 per pound in only three days at the end of January.

Andrew Hines, head of research at Shaw and Partners, said this big move shows just how sensitive the uranium market is to incremental buying pressure.

According to Hines:

The January spike demonstrated how quickly this market can reprice. A relatively modest amount of financial buying was enough to move the spot price materially. If utilities return to the term market in size, we believe the upside move could be significant.

Shaw and Partners noted that global nuclear capacity currently consumes some 180 million pounds of uranium a year. That's significantly more than the existing mine production of around 150 million pounds a year.

And bringing more uranium to the market isn't something the miners can do overnight.

"On paper there are new projects slated for development, but in practice these are technically complex, capital intensive and often in challenging jurisdictions," Hines said.

Atop Paladin and Boss Energy, Shaw and Partners' preferred exposure to ASX uranium shares includes:

• Bannerman Energy Ltd (ASX: BMN), whose shares are up 28.6% year to date
• NexGen Energy Ltd (ASX: NXG), whose shares are up 24.5% year to date
• Peninsula Energy Ltd (ASX: PEN), whose shares are down 3.3% year to date

"The narrative around nuclear has shifted decisively," Hines said. "Energy security, decarbonisation and AI-driven power demand are converging. Nuclear is no longer a fringe solution. It is becoming central to energy policy."

The post Why ASX uranium shares like Paladin and Boss Energy could be set to rocket appeared first on The Motley Fool Australia.

Over the past 12 months, Paladin Energy Ltd (ASX: PDN) and Nexgen Energy Ltd (ASX: NXG) shares have surged 77% and 89% respectively.

Investors are once again asking: which ASX uranium stock offers the most upside from here?

Paladin Energy

This ASX uranium stock is the here-and-now story. The company has restarted its Langer Heinrich mine in Namibia and is ramping production into a strengthening price environment.

On Friday the ASX uranium stock confirmed in a release that it has received Ministerial approval for its Environmental Impact Statement (EIS) for the PLS Project in Saskatchewan, Canada.

The EIS approval is required before the company can secure provincial permits and licences needed for construction and operation. Management of the ASX uranium stock described the decision as an important step forward for the project.

That matters. Paladin is not pitching a feasibility study or a distant dream. It is shipping pounds into a tightening market. If uranium prices stay elevated or push higher, revenue flows directly through the business. Operating leverage is real and immediate.

There is risk, of course. Ramp-ups can disappoint, operational hiccups can sting, and uranium prices remain volatile. Paladin has also carried a complicated history of capital raises and strategic shifts.

But for investors who want exposure to uranium's resurgence without waiting years for first production, Paladin offers torque today.

Bell Potter has just retained their buy rating. The broker has a 12-month price target of $15.30 on this ASX uranium stock, which suggest a 10% upside from current levels.

The team at Bell Potter was pleased with Paladin Energy's half-year result, highlighting that revenue and costs were slightly better than expected. 

Nexgen Energy

This $11 billion ASX uranium stock sits at the opposite end of the spectrum. Its Rook I project in Canada's Athabasca Basin is widely regarded as one of the most exciting undeveloped uranium deposits in the world.

The grades are exceptional. The scale is enormous. On paper, it could become a globally significant supplier. But it is still a development story. Permitting, financing and construction must all fall into place before production begins, and that is a multi-year journey.

That long runway cuts both ways. If uranium demand explodes and long-term contract prices keep climbing, Nexgen's asset could be worth dramatically more by the time it enters production.

Investors today are effectively buying future optionality on a structurally tighter uranium market. But they are also accepting timeline risk, regulatory risk and the ever-present challenge of funding a large-scale build in a cyclical industry.

Bell Potter has a buy rating on this ASX mining stock. Last month, the broker raised its 12-month share price target for Nexgen to $19.30.

This suggests a near 10% potential upside at the time of writing.

Foolish Takeaway

Uranium's momentum is building. The right pick comes down to your time horizon and appetite for risk.

If you expect uranium prices to stay firm in the near term and want direct leverage to cash flow, Paladin stands out.

If you're backing a decade-long nuclear resurgence and can stomach volatility and delays, Nexgen offers higher risk — and potentially higher reward.

The post Which ASX uranium stock is the smarter buy: Nexgen Energy or Paladin Energy? appeared first on The Motley Fool Australia.

Mining shares are in the midst of a great run, with the XMM Index rising 42.5% over the past 12 months.

If you're looking for investment inspiration, here are two ASX mining stocks with buy ratings from the experts.

Santana Minerals Ltd (ASX: SMI)

The Santana Minerals share price is steady at 99 cents today, but is up 67% over the past 12 months.

Santana Minerals owns the large-scale, long-life Bendigo-Ophir Gold Project (BOGP) on the South Island of New Zealand.

Shaw & Partners has a buy rating and a 12-month share price target of $2.15 on this ASX gold share.

This suggests a possible near-120% capital gain over the next year.

The broker said:

Santana Minerals Limited (ASX:SMI) has announced that the Fast-Track Approval (FTA) Panel Convener has confirmed a 140 working-day statutory timeframe for determination of the Bendigo-Ophir Gold Project (BOGP), with a decision due by 29 October 2026.

The timeline is longer than expected (60-100 days) but now provides certainty in the process.

Development consent is now expected to be granted in H2 CY26. 

BOGP's tenements cover 251 sq km in the Central Otago goldfields, 90 km northwest of OceanaGold's renowned Macraes gold mine.

Shaw & Partners said the current development plan has an initial mine life of about 14 years.

A reserve of 1.2Moz at 2.6g/t Au is contained within a resource of 2.3Moz at 2.1g/t Au. 

Production expectations are about 120koz per year.

Canaccord Genuity is also buy-rated on this ASX mining stock with a 12-month price target of $2.30.

RBC Capital also rates Santana Minerals shares a buy, but it has a much more conservative price target of $1.20.

Nexgen Energy (Canada) CDI (ASX: NXG)

This ASX uranium mining stock is $16.27, up 1.4% today and up 68% over the past year.

Nexgen's flagship project, Rook I, is the largest development-stage uranium project in Canada.

The company hopes to turn Rook I into the largest, low-cost uranium mine in the world.

Bell Potter has a buy rating on this ASX mining stock.

Last month, the broker raised its 12-month share price target for Nexgen from $13.05 to $19.30.

This suggests a near-20% potential upside over the next year.

Stuart Bromley from Medallion Financial Group also has a buy rating on Nexgen shares.

Bromley said:

NexGen continues its journey to become a long life and low cost uranium producer in mining friendly Canada, a geopolitically stable country.

The company recently revealed the Patterson Corridor East discovery is expanding rapidly on multiple fronts.

Vertical and lateral growth materially increases the mineralised footprint and leaves potential additional discoveries open at depth and along strike — precisely what the market wants from a basin-scale uranium play.

The post 2 ASX mining stocks with buy ratings appeared first on The Motley Fool Australia.

These picks are companies currently in the portfolio of the listed investment company (LIC) WAM Leaders Ltd (ASX: WLE), which aims to actively invest in the highest-quality ASX shares. These picks are usually larger businesses.

One of the ASX 300 shares is a large steel producer, while the other is a uranium business.

BlueScope Steel Ltd (ASX: BSL)

WAM describes BlueScope as a global supplier and manufacturer of steel products for the building and construction industries.

In January, the business announced it had received a non-binding indicative takeover proposal of $30 per share from a consortium that included SGH Ltd (ASX: SGH) and Steel Dynamics (NASDAQ: STLD). This helped the BlueScope share price rise around 25% during January 2026.

The BlueScope Steel board decided to reject the proposal, saying that it materially undervalued the company, particularly when taking into account the company's $2.8 billion property portfolio.

After that, the board decided to declare a $1 per share unfranked special dividend. The new CEO, Tania Archibald, pointed out additional cost-reduction opportunities totalling an additional $150 million for the ASX 300 share.

The fund manager noted that BlueScope Steel has been a core holding in the WAM Leaders investment portfolio, and it continues to see "upside not yet reflected in the current share price, underpinned by strong US spreads and an improving outlook for the demand amongst the North American market."

Nexgen Energy (Canada) CDI (ASX: NXG)

The fund manager describes Nexgen Energy as a Canadian uranium explorer and developer, with its key asset being the Rook I project in the southwestern Athabasca Basin.

Uranium prices rose 25% in January 2026, supported by an ongoing supply-and-demand imbalance and increased focus on data centres and the materials required to outfit and expand construction.

In January, the business announced a further expansion of the Patterson Corridor East uranium deposit, located 3.5km from the Rook I project, which may provide an extension of high-grade uranium ore and meaningfully extend the mine life at Rook I.

WAM said:

We remain positive towards NexGen Energy given the favourable near-term uranium market outlook and a pipeline of catalysts, including the receipt of final federal permits for Rook I, which would enable construction activities ahead of targeted commercial production in 2030.

All of that bodes well for the ASX 300 share, it seems.

The post Experts think these 2 ASX 300 shares are great buys in February appeared first on The Motley Fool Australia.

Many nations intend to build small modular nuclear reactors to create a new and low-emissions power source for domestic electricity.

In an article, Anna Wu, a senior associate in cross-asset investment research at VanEck, said:

An important tailwind for nuclear energy is the renewed support from many governments.

Following the Fukushima nuclear accident in 2011, many countries deprioritised nuclear energy in favour of other sources.

However, in recent years, many have reversed their stance or affirmed their commitment, recognising the critical importance of nuclear energy in the power mix…

Wu said a boom is afoot in uranium mining and nuclear energy infrastructure, commenting:

Demand for low carbon, efficient energy sources, primarily driven by the artificial intelligence sector, has resulted in a recent boom for uranium miners and nuclear energy infrastructure sectors.

Some of the companies within the markets helped drive global equity markets in 2025 and this could continue into 2026.

On The Bull this week, two experts revealed their ratings on two ASX 200 uranium shares.

Let's take a look.

ASX 200 uranium share to buy

Nexgen Energy (Canada) CDI (ASX: NXG)

Nexgen Energy shares are $19.39, up 4.7% on Thursday and up 88% over the past year.

The Canadian uranium explorer is primarily focused on developing its Rook I Project into the largest, low-cost uranium mine in the world.

Rook I is the largest development-stage uranium project in Canada. Nexgen uncovered the high-grade Arrow Deposit in 2014, followed by Bow in 2015, the Cannon and Harpoon deposits in 2016, South Arrow in 2017, and Patterson Corridor East in 2024.

Stuart Bromley from Medallion Financial Group has a buy rating on this ASX 200 uranium share.

Bromley explains:

NexGen continues its journey to become a long life and low cost uranium producer in mining friendly Canada, a geopolitically stable country.

The company recently revealed the Patterson Corridor East discovery is expanding rapidly on multiple fronts.

Vertical and lateral growth materially increases the mineralised footprint and leaves potential additional discoveries open at depth and along strike — precisely what the market wants from a basin-scale uranium play.

Bromley sees tailwinds for Nexgen shares in the new year.

With a large drilling program underway and broader uranium fundamentals improving, NXG remains well positioned among global peers.

ASX 200 uranium stock to sell

Boss Energy Ltd (ASX: BOE)

Boss Energy shares are $1.96, down 1% today and down 35% over the past 12 months.

John Athanasiou from Red Leaf Securities has a sell rating on Boss Energy shares.

Boss Energy owns the Honeymoon Project in South Australia and has a 30% stake in the Alta Mesa Project in South Texas, US.

Athanasiou says:

Boss Energy remains highly leveraged to uranium market sentiment, with its valuation reflecting optimistic production assumptions and pricing scenarios.

Any operational delays or cost over-runs could impact returns.

In our view, companies with clearer earnings visibility are a more appealing alternative.

Athanasiou noted that Boss Energy shares have fallen significantly from $4.48 apiece on 1 July 2025.

The shares may remain under pressure in what can be a volatile sector. 

The post ASX 200 uranium shares: Buy 1, sell the other appeared first on The Motley Fool Australia.

This represented a rising global trend of nations embracing domestically produced nuclear power as part of the green energy transition.

Anna Wu, a senior associate in cross-asset investment research for VanEck, said nuclear power was a "winner" in markets last year.

In an article, Wu said:

Demand for low carbon, efficient energy sources, primarily driven by the artificial intelligence sector, has resulted in a recent boom for uranium miners and nuclear energy infrastructure sectors.

Some of the companies within the markets helped drive global equity markets in 2025 and this could continue into 2026.

Broadly speaking, the ASX 200 energy sector was sluggish in 2025, with the S&P/ASX 200 Energy Index (ASX: XEJ) falling 2.25%.

Dividends raised the total return to 3.21%.

Both the energy and materials sectors involve harnessing naturally occurring commodities that are abundantly available in Australia.

Yet there was a stark contrast in performance last year.

Materials was the strongest sector, with the S&P/ASX 200 Materials Index (ASX: XMJ) rising 31.71% and giving a total return of 36.21%.

3 best ASX 200 uranium shares for growth

These were the top stocks last year.

1. Deep Yellow Ltd (ASX: DYL)

Shares in ASX 200 uranium explorer Deep Yellow lifted 63% to close at $1.84 per share on 31 December.

Today, Deep Yellow shares are steady at $2.28.

2. Nexgen Energy (Canada) CDI (ASX: NXG)

Shares in Canadian uranium explorer Nexgen Energy rose 30% to $14 per share on 31 December.

On Thursday, Nexgen Energy shares are $18.18, up 2.2%.

3. Paladin Energy Ltd (ASX: PDN)

The ASX 200's largest uranium share, Paladin Energy, lifted 27% to finish the year at $9.59.

Today, the Paladin Energy share price is $12.76, down 3.2%.

What's driving ASX 200 uranium shares higher?

The uranium price gained momentum in 2H CY25, supporting ASX 200 uranium shares.

The commodity hit a 15-month high of $83.50 per tonne in September. Today, the uranium price is US$85.25 per tonne.

Wu said there are three key forces powering the nuclear energy investment thematic.

They are increasing electricity demand due to new artificial intelligence infrastructure, more electric vehicles on the roads, more battery-powered machinery used across many industries, the adoption of cryptocurrency, and intense heat driving the use of air conditioning.

Wu noted increased government and regulatory support for nuclear power across the world.

Wu commented:

Following the Fukushima nuclear accident in 2011, many countries deprioritised nuclear energy in favour of other sources.

However, in recent years, many have reversed their stance or affirmed their commitment, recognising the critical importance of nuclear energy in the power mix…

The United States, Japan, China, Switzerland, India, and Norway are all seeking to establish or expand domestic nuclear production.

In the US, Wu said the ADVANCE Act and the Inflation Reduction Act are providing critical support for nuclear technologies.

The ADVANCE Act streamlines regulatory processes, fosters public-private partnerships, and accelerates innovation in small modular reactors (SMRs).

Similarly, the Inflation Reduction Act bolsters nuclear energy's competitiveness by offering production tax credits, levelling the playing field with renewable sources like wind and solar.

Meanwhile, China is investing in nuclear fusion.

By some estimates, the Chinese government is spending around US$1.5 billion annually on fusion research, nearly twice that of the US.

In India, Wu said there are plans to set up 50 small modular reactors, with the hope of integrating them into old, non-nuclear power plants.

The post Best 3 ASX 200 uranium shares of 2025 appeared first on The Motley Fool Australia.

The energy sector endured a second difficult 12-month period, with the S&P/ASX 200 Energy Index (ASX: XEJ) falling 2.25%.

An average dividend yield of 5.46% brought the sector into the green, delivering a total return of 3.21%.

This was a vast improvement on 2024, when ASX 200 energy shares fell 18.83% and gave a negative total return of 13.87%.

The top three ASX 200 energy shares for capital growth last year were uranium explorers and producers.

The uranium price was volatile last year but gained momentum in 2H CY25, hitting a 15-month high of $83.50 per tonne in September.

This was partly due to the US strengthening its commitment to nuclear power.

This included locking in an $80 billion deal with Canadian Westinghouse Electric to build nuclear reactors.

Also, supply was strained, with Canada's Cameco Corp and the world's top producer NAC Kazatomprom JSC cutting production guidance.

The uranium price was also supported in 2H CY25 by physical uranium investment funds buying up more yellowcake.

The world's largest fund, Sprott Physical Uranium Trust, announced the purchase of $200 million of uranium in June.

Today, the uranium price is US$81.95 per pound.

Let's take a look at last year's strongest stocks.

5 best ASX 200 energy shares for capital growth

These were the five best-performing energy shares for price growth in 2025.

1. Deep Yellow Ltd (ASX: DYL)

ASX 200 uranium explorer Deep Yellow came out on top, rising 63% to close at $1.84 per share on 31 December.

The stock's 52-week high was $2.49.

Ord Minnett has a buy rating on Deep Yellow with a 12-month share price target of $2.

Goldman Sachs gives the stock a hold rating with a target of $1.85.

2. Nexgen Energy (Canada) CDI (ASX: NXG)

Canadian uranium explorer Nexgen Energy had the second-best capital gain last year.

Nexgen Energy shares increased 30% to close at $14 per share on 31 December.

The stock's 52-week high was $15.21 per share.

NexGen ascended into the benchmark ASX 200 Index in the December quarter rebalance.

Shaw & Partners has a buy rating on the ASX 200 energy share with a price target of $17.70.

Petra Capital also has a buy rating on Deep Yellow shares and a target of $17.14.

3. Paladin Energy Ltd (ASX: PDN)

The market's largest ASX 200 uranium share, Paladin Energy, is next in line.

The Paladin Energy share price rose 27% to close the year at $9.59. Its 52-week high was $9.98.

UBS has a buy rating on Paladin Energy shares with a 12-month target of $9.

Goldman Sachs gives the stock a hold rating with a target of $9.05.

4. Whitehaven Coal Ltd (ASX: WHC)

Shares in ASX 200 coal miner Whitehaven lifted 25% to finish 2025 at $7.75 per share.

The ASX 200 energy share's 52-week high was $8.03.

UBS has a sell rating on Whitehaven Coal with a price target of $7.15.

Macquarie has a buy rating with an $8 target.

5. Ampol Ltd (ASX: ALD)

Fuel retailer Ampol rounds out the top five ASX 200 energy shares for 2025.

The Ampol share price increased 13% to finish the year at $31.93 per share. The 52-week high was $33.14.

Ord Minnett says Ampol shares are a buy.

The broker gives the stock a 12-month target of $37.

RBC Capital also says buy with a $35 target.

The post 5 best ASX 200 energy shares of 2025 appeared first on The Motley Fool Australia.

NexGen shares closed yesterday trading for $15.90. In afternoon trade on Thursday, shares are changing hands for $16.08 apiece, up 1.1%.

This sees the NexGen share price up a whopping 147.0% since hitting one-year lows on 9 April.

For some context, the ASX 200, which plumbed its one-year lows on 7 April, has gained 18.9% since its own low water mark.

Amid the sharp increase in the company's market cap, NexGen officially joined the ASX 200 on 22 December as part of the S&P Dow Jones Indices quarterly rebalance.

What's been lifting the ASX 200 uranium share?

NexGen shares have in part been racing higher amid the miner's own operational successes at its flagship Rook I uranium project, located in Canada.

The ASX 200 uranium share, and its stockholders, have also benefited from resurgent uranium prices. The nuclear fuel is currently trading for US$82 per pound, up from US$64 per pound in early April.

Investors have been pushing up uranium prices as an increasing number of countries, including the United States, are ramping up their nuclear power ambitions. With a growing global population and surging energy demand from power hungry AI data centres, more countries are seeking reliable baseload power amid the clean energy transition.

And looking at the year ahead, Argonaut's David Franklyn forecasts more outperformance from NexGen shares (courtesy of The Australian Financial Review)

"We are most bullish on NexGen Energy, the emerging major in the uranium space," Franklin said.

He added, "Its Arrow project in the Athabasca Basin, Canada, is an emerging global leader with final environmental approvals likely to come through in the first half of 2026."

The Arrow project sits within NexGen's broader Rook I project.

What's the latest from NexGen?

On 2 December, NexGen announced its highest-grade assay results to date from a drill hole at the miner's 100%-owned Patterson Corridor East (PCE), located nearby the Arrow project Franklin mentioned above.

Commenting on the strong results that helped lift the ASX 200 uranium share on the day, NexGen founder and CEO Leigh Curyer said the "high-grade assay results, consisting of ultra-high grade 0.5 metres 74.8% U3O8, takes PCE into a rare mineralised category on a world scale for uranium deposits".

Curyer added:

This type of basement-hosted mineralisation is synonymous with Arrow, only 3.5 kilometres to the west. It is clear, the frequency of this ultra-high-grade category of intercepts at Arrow and now PCE, is evidence of a very significant mineralising event occurring at Rook I and in the surrounding region of the southwest Athabasca Basin in Saskatchewan.

The post Up 147% since April, why this ASX 200 uranium share is tipped to keep outperforming in 2026 appeared first on The Motley Fool Australia.

How much of a tear?

Well, at the 9 April close you could have bought NexGen shares for $6.51 apiece.

In early afternoon trade today, those same shares are changing hands for $14.24 each. That sees the ASX 200 uranium share up a very impressive 118.7% over the past eight and a half months.

For some context, the ASX 200 has gained 18.6% after closing near its own multi-year lows on 9 April.

The rapid share price gains also saw NexGen officially added to the ASX 200 last week, on 22 December. That was part of the S&P Dow Jones Indices December quarterly rebalance.

But with the stock having more than doubled since April, has the train already left the station on this one?

Why this ASX 200 uranium share could keep rocketing in 2026

L1 Capital's Raphael Lamm has a bullish outlook for NexGen shares (courtesy of The Australian Financial Review).

Among his reasons for tipping the ASX 200 uranium share as a buy is the global resurgence for nuclear energy. This is being spurred by changing government policies as nations seek reliable baseload power amid the clean energy transition, and surging energy demand from power hungry AI-enabled data centres.

And this comes as new global uranium supplies remain limited.

The second reason you may want to by NexGen shares for the new year is its Rook I uranium project in Canada. Rook I is reported to host the largest undeveloped uranium deposit in the world.

The third reason NexGen shares could continue to outperform in 2026 (at current uranium prices) is its "highly attractive valuation".

According to Lam (quoted by the AFR):

Rook I is capable of generating about CAD$2.8 billion (AU$3.1 billion) of EBITDA [earnings before interest, taxes, depreciation and amortisation] at US$80 a pound uranium, which implies a 3.5 times enterprise value to EBITDA multiple. By comparison Cameco, the largest Western producer of uranium, currently trades at about 28 times EV/ EBITDA.

NexGen shares on the uranium bull run

NexGen isn't the only ASX 200 uranium share to amply reward shareholders since the 9 April market dip.

Taking a look at a few of the other top Aussie miners, the Deep Yellow Ltd (ASX: DYL) share price has surged 136.1% since 9 April. And Paladin Energy Ltd (ASX: PDN) shares have rocketed 140.3%.

But, in a reminder of the importance of diversification, Boss Energy Ltd (ASX: BOE) shares have tanked 37.8% since 9 April. That follows a significant downgrade in the production expectations at Boss Energy's Honeymoon uranium project, located in South Australia.

The post Up 119% since April, 3 reasons to buy this newly-minted ASX 200 uranium share today appeared first on The Motley Fool Australia.

Three are gold mining stocks: Ora Banda Mining Ltd (ASX: OBM), Pantoro Gold Ltd (ASX: PNR), and Resolute Mining Ltd (ASX: RSG).

Also entering the ASX 200 are Canadian uranium miner, Nexgen Energy (Canada) CDI (ASX: NXG), telco share Aussie Broadband Ltd (ASX: ABB), and nuclear technology developer, Silex Systems Ltd (ASX: SLX).

Rebalances are important because they ensure our indices accurately rank Australia's largest companies by market capitalisation.

Joining the benchmark index is a major win for these companies.

Not only does it give them a bit of prestige and greater standing in the minds of investors, but it also forces passive institutional investment.

You see, many exchange-traded funds (ETFs) and managed funds track the performance of the ASX 200.

So at each rebalance, the fundies have to buy the stocks that join the ASX 200 and sell those that leave so their ETFs function correctly.

This often leads to extra trading activity around the ASX 200 rebalance date, which may affect a company's share price.

So, how have these about-to-be ASX 200 shares performed in 2025, and should you buy any of them?

Let's defer to the experts.

Expert ratings on newly-crowned ASX 200 shares

Ora Banda Mining shares

The Ora Banda Mining share price has risen 83% in 2025 to $1.21 at the time of writing.

Macquarie just upgraded its rating on Ora Banda shares from neutral to outperform with a 12-month price target of $1.50.

The broker said:

We still expect gold to trade at historically high levels in the near-term while also being held back by an upturn in global growth and a monetary policy easing cycle that falls short of market expectations.

MA Financial has a hold rating on this soon-to-be ASX 200 gold share with a $1.22 target.

Pantoro Gold shares

The Pantoro Gold share price has risen 194% to $4.56 in the year to date (YTD).

Tim McCormack from Canaccord Genuity has a buy rating on Pantoro Gold shares with a price target of $7.30.

Morgans maintained a trim rating on the soon-to-be ASX 200 share after its 1Q FY26 update.

The broker lowered its price target from $5.92 to $5.06, commenting:

PNR delivered a softer-than-expected operating result for 1Q, even relative to our already conservative expectations despite record gold prices.

A series of isolated operating issues and underground mine sequencing drove lower head-grade and thus lower ounce production and higher unit costs.

PNR has reiterated its FY26 guidance.

Resolute Mining shares

The Resolute Mining share price has risen 159% to $1.06 per share on Tuesday.

Macquarie gives Resolute Mining shares an outperform rating with a price target of $1.35.

The broker said:

Execution of the Syama expansion project remains key to our outlook for RSG in Mali.

Delivery of the Doropo feasibility study and positive progress towards development is also key longer term.

RSG continues to be exposed to geopolitical risk in Mali due to recent actions by the government.

Canaccord Genuity also has a buy rating on this soon-to-be ASX 200 gold share with a 12-month target of $2.

Nexgen Energy shares

The Nexgen Energy share price has risen 30% in 2025 to $14.03 today.

Shaw & Partners has a buy rating on this soon-to-be ASX 200 energy share with a price target of $17.70.

Petra Capital is also optimistic with a buy rating and a target of $17.14.

Bell Potter gives Nexgen shares a hold rating with a price target of $13.05.

Aussie Broadband shares

The Aussie Broadband share price has risen 43% in the YTD to $5.05 today.

Macquarie recently downgraded Aussie Broadband shares to a neutral rating with a price target of $5.10.

Jarden gives this soon-to-be ASX 200 telco share a buy rating with a target of $5.80.

Canaccord Genuity is also positive on Aussie Broadband shares. It has a buy rating and a target of $6.85.

Silex Systems shares

The Silex Systems share price has risen 66% in 2025 to $8.47 today.

My colleague, Leigh Gant, describes Silex Systems as "one of the most fascinating energy technology stories on the ASX".

Canaccord Genuity has a buy rating with a target of $9.42 on this soon-to-be ASX 200 industrials share.

Shaw & Partners also has a buy rating with a 12-month price target of $11.20.

The post Broker ratings on 6 ASX shares about to join the ASX 200 appeared first on The Motley Fool Australia.

S&P Dow Jones Indices announced its December quarter rebalance after the market closed on Friday.

Of the six companies joining the index, four are miners.

The others are fellow gold miners Pantoro Gold Ltd (ASX: PNR) and Resolute Mining Ltd (ASX: RSG), and Canadian uranium miner, Nexgen Energy Ltd (ASX: NXG).

Telecommunications share Aussie Broadband Ltd (ASX: ABB) will also ascend into the ASX 200 index.

Another business joining the ranks of Australia's top 200 listed companies is nuclear technology developer, Silex Systems Ltd (ASX: SLX).

What is an index rebalance?

The S&P Dow Jones Indices team reviews Australia's leading indices every quarter.

Rebalances ensure our indices accurately rank Australia's largest companies by market capitalisation.

Indices are important because they enable us to monitor and measure the market's performance.

The ASX 200 is the benchmark index for the Australian share market.

But other indices, like the S&P/ASX All Ordinaries Index (ASX: XAO) and S&P/ASX 300 Index (ASX: XKO), are also very important.

What does getting into the ASX 200 mean for a stock?

Gaining entry into the ASX 200 is a clear sign that a company is doing well and investors have confidence in its future.

Companies have to meet market capitalisation and liquidity requirements to make it into the ASX 200.

Getting into the ASX 200 can have a direct impact on the share price because it triggers a lot of passive investment.

Many exchange-traded funds (ETFs) and managed funds are designed to track the performance of the ASX 200.

This necessitates buying stocks when they enter the ASX 200, and selling stocks that are removed every quarter.

This often leads to extra trading activity around the rebalance date, which may influence a share's price.

Rebalances matter more than ever due to the growing number of Australians preferring to invest in ETFs over individual shares.

The latest Betashares data shows Australians invested a record $5.99 billion into ASX ETFs in October.

A record $321.7 billion in funds are invested across more than 400 ETFs on the market today.

ASX ETFs are a form of passive, diversified investment that many investors perceive as lower risk.

They are a basket of shares that investors can buy in one trade for a single brokerage fee, with low ongoing management fees thereafter.

This next rebalance will become effective on 22 December.

The post 6 ASX shares including Ora Banda and Aussie Broadband ascend into ASX 200 appeared first on The Motley Fool Australia.

Investing in the right companies could make a world of difference to how much our portfolio is worth in five or ten years from now.

The three ASX shares I'll highlight are exciting opportunities, in my view, and I'm optimistic of significant returns in the coming years.

Nexgen Energy (Canada) CDI (ASX: NXG)

Energy could be one of the challenging areas for the world to contend with in the coming decade, as coal power generation reduces, but energy demand increases because of data centres and AI.

Nuclear energy could be the answer for a number of countries, particularly places like the US, as well as certain European and Asian countries.

Nexgen owns a project in Canada where it's developing the Arrow deposit, which is expected to become one of the world's largest and lowest-costing uranium projects.

In the coming years, I think there's a fair chance uranium prices will increase as energy demand rises. Even at today's prices, the ASX share could make significant cash flow once the project is operational and justify a higher Nexgen share price.

VanEck MSCI International Quality ETF (ASX: QUAL)

I believe that the best businesses are likely to deliver the strongest returns over the long term because of their ability to compound earnings, leading to compounding shareholder returns.

There are a variety of ways to judge whether a business is high quality or not. The QUAL ETF aims to invest in 300 of the best companies in the world.

The fund looks for three factors to decide if a business has world-leading quality: a high return on equity (ROE), stable (and growing) earnings, and low debt levels.

Thanks to that combination of elements, the QUAL ETF has returned an average of 16.5% per year over the last five years. While past performance is not a guarantee of future returns, a similar sort of return over the next five years could double an investor's money.

With the holdings from a variety of countries and sectors, I think it ticks the diversification box effectively.

Washington H. Soul Pattinson and Co. Ltd (ASX: SOL)

This ASX share is one of the leading options for a combination of dividends and capital growth, in my opinion.

It owns a portfolio of assets, with both listed and unlisted businesses, including telecommunications, resources, swimming schools, agriculture, credit, industrial property, building products, and plenty of other areas.

The company's existing portfolio can achieve growth over time as those businesses deliver on their plans. Soul Patts regularly makes additional investments with its portfolio, adding further growth for the company.

Its portfolio of assets generates an impressive level of cash flow each year, which enables the company to reward investors with a growing dividend, using a majority of the funds, and reinvest the remainder in additional opportunities.

A combination of a growing portfolio and rising dividends (from the cash flow) is a winning combination and could help our wealth building and annual cash flow. That's exactly how I'm using my Soul Patts holding.

The post Buying these 3 ASX shares could change your life appeared first on The Motley Fool Australia.

I'm talking about the ASX uranium miner Nexgen Energy (Canada) CDI (ASX: NXG). Nuclear energy may not be taking off in Australia, but it could soon see significant growth in demand in the coming years.

I'll run through a few reasons why this business is very attractive for exposure to energy.

Increasing demand overseas

Countries around the world have indicated they want to move away from coal as a key source of baseload power. But, renewable energy is not seen as the sole solution.

Fund manager L1 has pointed out that in 2023, more than 20 countries, such as France, the UK and South Korea declared that they want to triple nuclear capacity by 2050. Meanwhile the US President Trump has signed executive orders that give effect to a target of quadrupling US nuclear capacity by 2050.

Additionally, companies heavily involved in AI have indicated they require significantly more energy, which is why businesses like Microsoft, Alphabet, Amazon and Meta Platforms have all recently signed deals to utilise nuclear energy.

The increasing demand could lead to a higher uranium price, which would be particularly beneficial for the Australian energy share's profitability.

Compelling deposit(s)

The business owns 100% of Rook I, where it's developing the world's largest undeveloped uranium deposit which is called Arrow in Saskatchewan, Canada.

According to L1, the project could produce 29 million pounds of uranium in the first five years, which would make it the largest uranium mine globally.

Pleasingly, the scale of the project should mean that the operating costs should be low compared to other projects around the world.

Additionally, Nexgen may have found a new deposit within a few kilometres of Arrow that could have extremely high-grade mineralisation, which could be of material scale. If so, that could allow the business to increase production and utilise the mining infrastructure to its maximum potential.

Strong future profits?

L1 is currently forecasting that the business could generate annual operating profit (EBITDA) of C$2.8 billion and post-tax cash generation of C$1.7 billion once the project is fully operational. These projections use a potential resource price of US$80 per pound of uranium, when the resource price could actually be noticeably higher.

Considering the Australian energy share has a market capitalisation of C$7.5 billion, according to Google Finance, those projections suggest the business could be very cheap and significantly undervalued.

If it was to start paying dividends later this decade, investors could benefit from significant payments in the coming years, at the current valuation.

The post Why this ASX stock could be the future of Australian energy shares appeared first on The Motley Fool Australia.

NextGen Energy shares are trading at a share price of $12.80 on the ASX at the time of writing.

The company's quarterly report provided investors with a closer look at the progress made toward developing its massive Rook I uranium project, one of the most promising deposits in the world.

However, despite long-term optimism in the uranium market, today's results highlighted why an investment in NexGen Energy remains a patience game.

Big plans ahead

NexGen's flagship Rook I project in Canada's Athabasca Basin could become a global powerhouse, potentially producing up to 30 million pounds of uranium per year once operational. But it's still in the development stage, and that means a longer period of heavy spending before any revenue comes.

In the September quarter, NexGen's losses were primarily driven by a C$95 million mark-to-market loss on convertible debentures and an additional C$11 million in interest expense on those instruments.

On the balance sheet, the company ended the quarter with C$306 million in cash and exploration assets worth over C$731 million to support the convertible debentures of $592 million.

This underscores how capital-intensive it is to bring Rook I to life, but NexGen is approaching the final steps before a mining licence can be issued. It achieved a key milestone this year when the Canadian Nuclear Safety Commission accepted its final Environmental Impact Statement and set public hearing dates for late 2025 and early 2026.

That's a positive sign, but with no revenue and pre-production capital costs now estimated at roughly C$2.2 billion, investors are grappling with how to underwrite their investment given the level of dilution or debt required to reach production.

Foolish bottom line

NexGen remains one of the most strategically significant uranium developers globally, and the scale of Rook I has the potential to dwarf ASX peers like Paladin Energy Ltd (ASX: PDN) and Boss Energy Ltd (ASX: BOE).

Today's 5% slide, however, suggests that while the uranium story remains hot, investors want to see shovels in the ground, not just feasibility studies and financing rounds. When that day comes, NexGen shares could really soar.

The post Shares in uranium giant NexGen Energy slide 5% on Q3 trading update appeared first on The Motley Fool Australia.

If you are paralysed by choice, then exchange-traded funds (ETFs) could be a good option for you.

They remain one of the smartest ways to gain broad exposure to quality assets without the stress of picking individual stocks.

With that in mind, let's take a look at three ASX ETFs that could be good picks in 2026 and beyond. Here's what you need to know about them:

Betashares Australian Momentum ETF (ASX: MTUM)

The Betashares Australian Momentum ETF gives investors exposure to the strongest-performing shares on the ASX. This means its holdings are updated regularly to reflect the top Australian stocks that are showing the highest price momentum.

This means the ASX ETF naturally adapts to changing market conditions. When leadership shifts, Betashares Australian Momentum ETF shifts with it. At present, its portfolio includes well-known names such as Qantas Airways Ltd (ASX: QAN), Coles Group Ltd (ASX: COL), and Wesfarmers Ltd (ASX: WES).

Momentum investing tends to perform best during market upswings, capturing the shares that are already trending higher. So, with the ASX expected to benefit from lower interest rates and stronger economic growth in 2026, this fund could be well positioned to ride the next phase of the bull market.

Betashares Diversified All Growth ETF (ASX: DHHF)

For investors who prefer simplicity, the Betashares Diversified All Growth ETF is a complete, globally diversified portfolio in a single trade. It is designed for those seeking long-term capital growth through exposure to thousands of stocks across Australia, the United States, Europe, and emerging markets.

The Betashares Diversified All Growth ETF holds a collection of other funds covering sectors like technology, healthcare, industrials, and financials. That means investors get exposure to global powerhouses such as Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT), and Tesla (NASDAQ: TSLA), all through one ASX-listed fund.

With a focus on growth assets, this ASX ETF could be a good fit for investors who want broad diversification and are happy to leave their money to compound.

Betashares Global Uranium ETF (ASX: URNM)

Finally, if you are looking to add a thematic growth opportunity to your portfolio, the Betashares Global Uranium ETF could be a good choice. It provides exposure to a rapidly re-emerging nuclear power industry, which is seeing renewed global demand as countries seek reliable, low-carbon power sources.

The Betashares Global Uranium ETF invests in a mix of uranium miners, refiners, and producers, including Cameco Corp (NYSE: CCJ), NexGen Energy (ASX: NXG), and Paladin Energy Ltd (ASX: PDN).

As governments around the world turn to nuclear energy to meet emissions targets and stabilise their grids, uranium could be one of the standout commodities of the next decade and this fund offers an easy, diversified way to participate.

The post 3 ASX ETFs to buy for 2026 and beyond appeared first on The Motley Fool Australia.