HC Wainwright Begins Coverage on Nano Nuclear Energy (NASDAQ:NNE)

HC Wainwright assumed coverage on shares of Nano Nuclear Energy (NASDAQ:NNE) in a research report released on Wednesday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $50.00 target price on the stock. HC Wainwright also issued estimates for Nano Nuclear Energy’s Q4 2024 earnings at ($0.16) EPS, FY2024 earnings at ($0.46) EPS, Q1 2025 earnings at ($0.18) EPS, Q2 2025 earnings at ($0.21) EPS, Q3 2025 earnings at ($0.24) EPS, Q4 2025 earnings at ($0.29) EPS, FY2025 earnings at ($0.92) EPS, FY2026 earnings at ($1.16) EPS, FY2027 earnings at ($1.53) EPS, FY2028 earnings at ($1.95) EPS and FY2029 earnings at ($2.25) EPS.

Separately, Benchmark reissued a “buy” rating and set a $39.00 price objective on shares of Nano Nuclear Energy in a research report on Monday, July 15th.

Nano Nuclear Energy Stock Down 1.5 %

NNE opened at $19.26 on Wednesday. Nano Nuclear Energy has a 1 year low of $3.25 and a 1 year high of $37.51. The company’s fifty day moving average price is $15.13.

Nano Nuclear Energy (NASDAQ:NNE) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.17) earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Nano Nuclear Energy

A hedge fund recently bought a new stake in Nano Nuclear Energy stock. Citizens Financial Group Inc. RI bought a new stake in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 86,000 shares of the company’s stock, valued at approximately $2,016,000. Citizens Financial Group Inc. RI owned approximately 0.30% of Nano Nuclear Energy at the end of the most recent reporting period.

Nano Nuclear Energy Company Profile

NANO Nuclear Energy Inc operates as a microreactor technology company. The company is developing ZEUS, a solid-core battery reactor, and ODIN, a low-pressure coolant reactor. It is also developing a high-assay low-enriched uranium fabrication facility to supply fuel to the nuclear reactor industry and fuel transportation and nuclear consultation businesses.