NNE FY2027 EPS Forecast Reduced by Northland Securities

Nano Nuclear Energy Inc. (NASDAQ:NNE) – Northland Securities cut their FY2027 earnings estimates for Nano Nuclear Energy in a research report issued on Thursday, September 17th. Northland Securities analyst J. Grampp now anticipates that the company will post earnings of ($1.75) per share for the year, down from their previous forecast of ($1.74). The consensus estimate for Nano Nuclear Energy’s current full-year earnings is ($0.80) per share.

Nano Nuclear Energy (NASDAQ:NNE) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.07. The business had revenue of $0.21 million during the quarter, compared to analyst estimates of $0.50 million.

NNE has been the topic of several other reports. Truist Financial initiated coverage on Nano Nuclear Energy in a research report on Monday, July 13th. They issued a “hold” rating and a $22.00 price objective on the stock. Needham & Company LLC began coverage on Nano Nuclear Energy in a research note on Monday. They issued a “buy” rating and a $33.00 target price for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nano Nuclear Energy in a report on Friday, July 17th. New Street Research set a $45.00 price target on Nano Nuclear Energy in a research report on Thursday, August 13th. Finally, Alliance Global Partners assumed coverage on Nano Nuclear Energy in a report on Monday, July 27th. They issued a “buy” rating and a $46.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Nano Nuclear Energy presently has an average rating of “Moderate Buy” and a consensus target price of $38.00.

Nano Nuclear Energy Trading Up 1.3%

Shares of Nano Nuclear Energy stock opened at $17.32 on Monday. The company has a fifty day moving average price of $17.61 and a 200 day moving average price of $21.49. Nano Nuclear Energy has a twelve month low of $14.71 and a twelve month high of $60.87. The stock has a market cap of $930.08 million, a price-to-earnings ratio of -25.10 and a beta of 5.41.

Insider Transactions at Nano Nuclear Energy

In related news, CEO James Walker sold 25,000 shares of the company’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $17.77, for a total value of $444,250.00. Following the sale, the chief executive officer directly owned 635,000 shares of the company’s stock, valued at $11,283,950. This represents a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 18.61% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Nano Nuclear Energy

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Engineers Gate Manager LP acquired a new stake in shares of Nano Nuclear Energy in the 2nd quarter valued at about $302,000. Integrated Wealth Concepts LLC bought a new stake in Nano Nuclear Energy in the second quarter valued at about $289,000. Ameritas Advisory Services LLC bought a new stake in Nano Nuclear Energy in the second quarter valued at about $778,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Nano Nuclear Energy by 5.0% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,266 shares of the company’s stock valued at $1,337,000 after buying an additional 2,993 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in Nano Nuclear Energy by 26.9% during the second quarter. Van ECK Associates Corp now owns 3,819,847 shares of the company’s stock valued at $80,752,000 after buying an additional 810,022 shares in the last quarter.

Nano Nuclear Energy News Roundup

Here are the key news stories impacting Nano Nuclear Energy this week:

• Positive Sentiment: Needham & Company initiated coverage of Nano Nuclear Energy with a Buy rating and a $33 price target, implying roughly 90% upside from the referenced $17.32 share price. The coverage gives NNE additional institutional visibility and reflects optimism about the company’s microreactor development pipeline. NANO Nuclear Energy initiated with Buy rating at Needham
• Positive Sentiment: The bullish view coincides with NNE’s Kronos microreactor entering review by the U.S. Nuclear Regulatory Commission. Progress toward regulatory evaluation is an important milestone that could improve investor confidence in the company’s commercialization prospects. Why Nano Nuclear Energy Stock Is Powering Higher Today
• Neutral Sentiment: The Needham target is substantially above NNE’s recent trading level, but the company remains an unprofitable, highly volatile development-stage business. Its shares trade well below the one-year high, so the forecast reflects considerable execution and regulatory risk.
• Negative Sentiment: Northland Securities lowered its FY2027 EPS estimate for Nano Nuclear Energy, signaling expectations for deeper or longer-lasting losses. The estimate reduction may temper enthusiasm around the new Buy rating, particularly because NNE has limited revenue and continues to depend on future development milestones. NNE FY2027 EPS Estimate Decreased by Northland Securities

About Nano Nuclear Energy

NANO Nuclear Energy Inc is an advanced nuclear energy company focused on developing portable microreactors and related nuclear fuel and transportation capabilities. The company is pursuing reactor systems designed to provide reliable, carbon-free power for applications that may be difficult or costly to serve with traditional grid infrastructure.

Its product development portfolio includes the ZEUS solid-core battery reactor and the ODIN low-pressure coolant reactor. The company is also developing the KRONOS micro modular reactor, while pursuing capabilities related to nuclear fuel fabrication, transportation and other supporting services.