Nano Nuclear Energy Inc. (NASDAQ:NNE) Stock Has Consensus Target Price of $38.14 According to Analysts

Nano Nuclear Energy Inc. (NASDAQ:NNE) has earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $38.14.

Several equities analysts recently commented on the company. Northland Securities set a $37.00 target price on Nano Nuclear Energy in a report on Friday, August 14th. Roth Capital initiated coverage on Nano Nuclear Energy in a report on Wednesday, June 17th. They issued a “buy” rating and a $45.00 price objective on the stock. Needham & Company LLC began coverage on Nano Nuclear Energy in a research report on Monday, September 21st. They set a “buy” rating and a $33.00 target price on the stock. Susquehanna set a $39.00 target price on Nano Nuclear Energy in a research note on Thursday, October 1st. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Nano Nuclear Energy in a report on Friday, July 17th.

Trending Headlines about Nano Nuclear Energy

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

• Positive Sentiment: Sector rally boosts nuclear names: Nuclear stocks rallied after Google announced an agreement designed to increase output from existing reactors. The broader sector move lifted investor interest in development-stage companies such as NNE, even though the company’s reactors are not yet operational. Nuclear Stocks Rally as Google’s Reactor Deal Lifts the Sector
• Positive Sentiment: Fuel technology leadership added: NNE appointed Jennifer Charlton, Ph.D., a former Y-12 leader with nearly two decades of nuclear-materials and fuel-cycle experience, as vice president of fuel technology. The hire could strengthen the company’s vertical-integration strategy and credibility in nuclear fuel development. NANO Nuclear Appoints Jennifer Charlton as Vice President of Fuel Technology
• Neutral Sentiment: Investor-conference participation announced: NNE highlighted participation in recent and upcoming nuclear-technology and investor conferences, including the ROTH Emerging Nuclear Technology Conference and TD Cowen’s annual nuclear conference. The events may improve visibility and provide opportunities for investor meetings, but the announcement included no new contracts, financing, or operating milestones. NANO Nuclear Announces Participation in Several Investor Conferences
• Negative Sentiment: Analyst estimates were lowered: Northland Securities reduced its projected loss for NNE to $0.44 per share for the first quarter of 2027 from $0.43 previously, and to $0.38 for the third quarter from $0.37. The revisions point to expectations for deeper losses and add pressure to a company already forecast to lose approximately $0.80 per share for the full year. Northland Securities Earnings Estimates for NNE

Nano Nuclear Energy Stock Performance

Shares of NNE opened at $16.01 on Friday. The stock has a 50-day simple moving average of $17.55 and a 200-day simple moving average of $20.96. The stock has a market capitalization of $859.74 million, a PE ratio of -23.20 and a beta of 5.49. Nano Nuclear Energy has a 1 year low of $14.71 and a 1 year high of $60.87.

Nano Nuclear Energy (NASDAQ:NNE) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.19) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.07. The company had revenue of $0.21 million for the quarter, compared to analyst estimates of $0.50 million. Analysts predict that Nano Nuclear Energy will post -0.8 EPS for the current year.

Insider Activity

In related news, CEO James Walker sold 25,000 shares of the company’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $17.77, for a total value of $444,250.00. Following the completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 18.61% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Nano Nuclear Energy

Large investors have recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Nano Nuclear Energy in the 2nd quarter valued at about $73,826,000. Van ECK Associates Corp boosted its holdings 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 worth $80,752,000 after buying an additional 810,022 shares in the last quarter. Lido Advisors LLC grew its position in Nano Nuclear Energy by 1,769.6% during the first quarter. Lido Advisors LLC now owns 171,932 shares of the company’s stock worth $3,521,000 after buying an additional 162,736 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of Nano Nuclear Energy during the 2nd quarter worth approximately $2,814,000. Finally, Bank of America Corp DE acquired a new stake in shares of Nano Nuclear Energy in the 2nd quarter worth approximately $1,083,000.

About Nano Nuclear Energy

Nano Nuclear Energy, Inc is an advanced nuclear energy technology company developing portable microreactors and related nuclear-fuel capabilities. The company’s objective is to provide compact, transportable power systems for applications that may not be well served by conventional nuclear plants or electrical grids.

Its principal reactor concepts include ZEUS, a solid-core battery reactor designed for off-grid power generation, and ODIN, a molten-salt reactor concept intended to produce electricity and industrial heat.