Eagle Nuclear Energy (NASDAQ:NUCL) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen downgraded shares of Eagle Nuclear Energy (NASDAQ:NUCL) from a hold rating to a sell rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

Separately, HC Wainwright started coverage on Eagle Nuclear Energy in a research note on Wednesday. They set a “buy” rating and a $11.50 target price for the company. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $11.50.

Eagle Nuclear Energy Stock Performance

Eagle Nuclear Energy stock opened at $6.76 on Friday. Eagle Nuclear Energy has a 1-year low of $4.55 and a 1-year high of $14.22. The firm has a market capitalization of $199.96 million, a PE ratio of -7.12 and a beta of 0.36. The company has a fifty day simple moving average of $7.01.

Eagle Nuclear Energy (NASDAQ:NUCL) last released its quarterly earnings data on Monday, July 20th. The nuclear energy company reported ($0.87) earnings per share (EPS) for the quarter. As a group, analysts anticipate that Eagle Nuclear Energy will post -1.37 earnings per share for the current year.

Hedge Funds Weigh In On Eagle Nuclear Energy

Several large investors have recently bought and sold shares of the stock. Readystate Asset Management LP purchased a new position in shares of Eagle Nuclear Energy during the second quarter worth about $796,000. Greenland Capital Management LP purchased a new stake in shares of Eagle Nuclear Energy in the 2nd quarter valued at about $972,000. BlackRock Inc. acquired a new stake in shares of Eagle Nuclear Energy in the 2nd quarter valued at about $2,153,000. Alyeska Investment Group L.P. acquired a new stake in shares of Eagle Nuclear Energy in the 2nd quarter valued at about $3,585,000. Finally, Lineage Point Capital LP purchased a new position in Eagle Nuclear Energy during the 2nd quarter worth approximately $5,752,000. Institutional investors and hedge funds own 89.78% of the company’s stock.

About Eagle Nuclear Energy

Eagle Nuclear Energy Corp. operates as a mining and exploration company focused on mineral exploration and development in North America. The company is a nuclear energy company that combines domestic uranium exploration with proprietary Small Modular Reactor (SMR) technology. It also develops modular nuclear reactors to provide power for industrial and grid applications. The company was founded in 2023 and is headquartered in Reno, Nevada.