Featured News Headlines
Nano Nuclear Energy Reports Strong EPS Beat Despite Losses
Nano Nuclear Energy Inc. (NASDAQ: NNE) saw its stock rise by 7.4% during Monday’s mid-day trading session. The share price peaked at $35.08 and closed near $35.49, up from the previous close of $33.06. Trading volume was approximately 1.44 million shares, marking a 61% drop compared to the average daily volume of 3.69 million shares.
Analyst Ratings Show Divergence
Financial analysts remain divided on Nano Nuclear Energy’s outlook. Ladenburg Thalm/SH SH downgraded the stock from a “buy” to a “sell” rating, slashing its target price from $51 to $9. Conversely, HC Wainwright maintained a “buy” rating with a $50 price target. Northland Capital upgraded the shares to a “strong-buy,” while BTIG Research issued a “neutral” rating. Overall, analyst opinions include one “strong buy,” three “buy,” one “hold,” and one “sell,” reflecting a moderate buy consensus with an average price target around $41.25.
Company Overview and Reactor Technologies
Founded in February 2022 and headquartered in New York, Nano Nuclear Energy is a microreactor and nuclear technology company focused on developing portable, clean energy solutions. Its primary projects include:
- ZEUS: A solid-core battery reactor designed for portability without liquid coolant.
- ODIN: A low-pressure coolant reactor using uranium oxide fuel enriched up to 20% U-235.
- Additional designs like KRONOS MMR and LOKI MMR, modular gas-cooled microreactors under development.
Recently, the company acquired a critical patent portfolio from Ultra Safe Nuclear, covering technologies central to its reactor designs. It also collaborates with national laboratories such as Idaho National Laboratory for design validation and prototyping.
Strategic Move: ODIN Reactor Sale
Nano Nuclear Energy signed a letter of intent to sell its ODIN reactor technology and related intellectual property to Cambridge AtomWorks for $6.2 million. This agreement, pending completion, will allow the company to focus more on ZEUS, KRONOS, and LOKI reactor designs.
Financial Performance and Outlook
The company remains in the development phase and has yet to generate revenue. Its market capitalization stands at approximately $1.93 billion with a beta of 7.03, signaling high volatility. The trailing twelve-month price-to-earnings ratio is negative at -49.80 due to ongoing losses. Last quarter’s EPS was reported at -$0.19, outperforming analyst expectations of -$0.27. The current fiscal year EPS is forecasted at around -$0.92.
Institutional Activity and Market Position
Recent data shows several institutional investors initiating new positions in Nano Nuclear Energy with relatively modest investments ranging from $26,000 to $40,000.
