Nano Nuclear Energy (NASDAQ:NNE) Announces Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Nano Nuclear Energy (NASDAQ:NNE) released its quarterly earnings data on Thursday. The company reported ($0.18) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.08, FiscalAI reports.

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

• NANO Nuclear said the Kronos MMR reached a major regulatory milestone with a construction permit application (CPA) submitted to the U.S. NRC for the University of Illinois prototype, and management expects formal acceptance soon.
• The company highlighted growing commercial momentum, including a completed feasibility study with BaRupOn for up to 1 GW of power at an AI data center campus in Texas and the start of licensing-related next steps.
• Management emphasized multiple strategic partnerships and potential M&A activity across the nuclear fuel cycle, including collaborations with Supermicro, EHC Investment, and DS Dansuk, plus late-stage discussions for a fuel-chain-related transaction.
• The company believes emerging NRC pathways such as Part 53 and Part 57 could materially streamline advanced reactor licensing in the future, especially for microreactor fleet deployment, though they do not expect near-term benefit for the current U of I project.
• Financially, NANO Nuclear ended Q2 with about $569 million in cash and short-term investments and said its new $900 million shelf registration and $400 million ATM provide additional capital flexibility, while Q2 net loss was $9.2 million.

Nano Nuclear Energy Stock Performance

Shares of NNE stock traded down $2.62 during mid-day trading on Friday, hitting $24.92. The company’s stock had a trading volume of 2,798,154 shares, compared to its average volume of 2,045,455. The company’s fifty day simple moving average is $23.50 and its 200-day simple moving average is $29.15. Nano Nuclear Energy has a 52 week low of $18.93 and a 52 week high of $60.87. The company has a market cap of $1.30 billion, a PE ratio of -23.07 and a beta of 5.15.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on NNE shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nano Nuclear Energy in a research note on Tuesday, April 21st. Benchmark reiterated a “buy” rating on shares of Nano Nuclear Energy in a research note on Wednesday, February 18th. Finally, Texas Capital upgraded Nano Nuclear Energy to a “strong-buy” rating in a research note on Tuesday, January 27th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Nano Nuclear Energy has an average rating of “Moderate Buy” and an average target price of $47.00.

Insider Buying and Selling

In other Nano Nuclear Energy news, Director Seth Jason Berl sold 3,664 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $27.69, for a total transaction of $101,456.16. Following the completion of the sale, the director directly owned 3,836 shares of the company’s stock, valued at approximately $106,218.84. The trade was a 48.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 32.77% of the stock is owned by insiders.

Hedge Funds Weigh In On Nano Nuclear Energy

Several institutional investors and hedge funds have recently bought and sold shares of the company. Pacer Advisors Inc. bought a new position in Nano Nuclear Energy during the fourth quarter valued at $1,885,000. Invesco Ltd. lifted its position in shares of Nano Nuclear Energy by 52.9% during the fourth quarter. Invesco Ltd. now owns 27,602 shares of the company’s stock worth $663,000 after acquiring an additional 9,547 shares in the last quarter. Regal Partners Ltd purchased a new stake in shares of Nano Nuclear Energy during the fourth quarter worth $23,535,000. Millennium Management LLC lifted its position in shares of Nano Nuclear Energy by 810.0% during the fourth quarter. Millennium Management LLC now owns 205,607 shares of the company’s stock worth $4,937,000 after acquiring an additional 183,013 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Nano Nuclear Energy by 70.1% during the fourth quarter. Janus Henderson Group PLC now owns 17,517 shares of the company’s stock worth $420,000 after acquiring an additional 7,217 shares in the last quarter.

Nano Nuclear Energy Company Profile

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.