Nano Nuclear Energy (NASDAQ:NNE) Earns Buy Rating from HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of Nano Nuclear Energy (NASDAQ:NNE) in a report released on Wednesday,Benzinga reports. HC Wainwright currently has a $50.00 target price on the stock.

Separately, Benchmark lifted their target price on Nano Nuclear Energy from $39.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, November 7th.

Nano Nuclear Energy Trading Up 5.0 %

Shares of Nano Nuclear Energy stock opened at $36.54 on Wednesday. Nano Nuclear Energy has a one year low of $3.25 and a one year high of $48.05. The business’s 50 day moving average price is $27.36 and its 200 day moving average price is $19.43.

Nano Nuclear Energy (NASDAQ:NNE) last posted its earnings results on Monday, December 30th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.08. Analysts forecast that Nano Nuclear Energy will post -0.92 earnings per share for the current year.

Institutional Investors Weigh In On Nano Nuclear Energy

Several institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. acquired a new position in Nano Nuclear Energy during the 3rd quarter worth $25,000. Barclays PLC acquired a new position in Nano Nuclear Energy during the 3rd quarter worth $76,000. Newbridge Financial Services Group Inc. acquired a new position in Nano Nuclear Energy during the 4th quarter worth $200,000. Fulton Bank N.A. acquired a new position in Nano Nuclear Energy during the 4th quarter worth $213,000. Finally, Financial Advocates Investment Management acquired a new position in Nano Nuclear Energy during the 4th quarter worth $219,000.

About Nano Nuclear Energy

NANO Nuclear Energy, Inc is a microreactor and nuclear technology company, which provides supply energy services. Its products in technical development are ZEUS, a solid core battery reactor, and ODIN, a low-pressure coolant reactor. The company is founded by Jiang Yu in February, 2022 and is headquartered in New York, NY.