Standard Nuclear (NYSE:STDN) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Standard Nuclear (NYSE:STDN) released its quarterly earnings results on Thursday. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.03, FiscalAI reports. The firm had revenue of $2.25 million for the quarter.

Here are the key takeaways from Standard Nuclear’s conference call:

• Backlog expanded sharply: Total contract backlog reached $577.2 million, up from $241.5 million in June, while funded backlog nearly doubled to $119.6 million. However, $443.5 million of the total is customer purchase options that are discretionary and not recognized until exercised.
• Standard Nuclear completed delivery of Radiant’s first full reactor core of commercially produced TRISO fuel and signed fuel supply agreements with Radiant and Antares, moving two of eight fuel-development customers to supply contracts.
• The company now targets DOE authorization to operate its Tennessee and Idaho facilities in February 2027, later than its prior end-of-2026 target. Final safety-analysis reviews and operational readiness reviews remain outstanding.
• Third-quarter gross margin fell to about 30% from 67% in the prior quarter, or approximately 40% excluding share-based compensation; management attributed higher costs to running production at commercial rates and said yields and fixed-cost absorption still need to improve. GAAP operating loss was $15.1 million, including substantial IPO-related stock compensation.
• The company ended September with $223.1 million in cash and no debt, providing funding for its capacity build-out; it reported $6.0 million in quarterly revenue, up from $4.7 million in the prior quarter.

Standard Nuclear Stock Down 5.1%

Shares of STDN traded down $0.56 on Friday, hitting $10.47. 237,854 shares of the stock traded hands, compared to its average volume of 665,394. Standard Nuclear has a 1 year low of $7.05 and a 1 year high of $17.34. The firm has a 50 day moving average price of $12.62. The stock has a market cap of $1.64 billion and a price-to-earnings ratio of -26.18.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Weiss Ratings upgraded shares of Standard Nuclear from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday. CLSA raised shares of Standard Nuclear to a “neutral” rating in a research note on Tuesday, October 6th. Royal Bank Of Canada lifted their price objective on Standard Nuclear from $11.00 to $13.00 and gave the stock an “outperform” rating in a research report on Friday, August 28th. The Goldman Sachs Group assumed coverage on Standard Nuclear in a research note on Monday, August 10th. They issued a “buy” rating and a $18.00 target price on the stock. Finally, Stifel Nicolaus set a $17.00 target price on Standard Nuclear in a report on Friday, August 28th. Nine research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $16.88.

Recent Standard Nuclear Headlines

These are some of the STDN headlines that stood out recently:

• Positive Sentiment: Third-quarter revenue rose 581% to $6.0 million, topping the $5.5 million FactSet estimate. The company’s $0.10-per-share loss was also narrower than analysts’ expected $0.13 loss. Earnings results
• Positive Sentiment: Contract backlog doubled to $577.2 million, providing a sizable base of potential future work and supporting the growth outlook. Backlog report
• Neutral Sentiment: Standard Nuclear is targeting DOE authorization in February 2027. That would be an important milestone, but the target is still ahead and depends on regulatory progress. DOE authorization outlook

Standard Nuclear Company Profile

Standard Nuclear is a U.S. advanced nuclear fuel company focused on producing tri-structural isotropic (TRISO) fuel. TRISO fuel uses uranium-bearing particles coated in layers of ceramic and carbon materials, and is designed for use in certain advanced reactor designs. The company acquired fuel-related assets from Ultra Safe Nuclear Corporation, including a manufacturing facility in Oak Ridge, Tennessee. Standard Nuclear is working to develop and scale domestic production of TRISO fuel for advanced reactor developers.