Nano Nuclear Energy (NASDAQ:NNE) Issues Earnings Results

Nano Nuclear Energy (NASDAQ:NNE) issued its quarterly earnings results on Wednesday. The company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.07, FiscalAI reports. The firm had revenue of $0.21 million during the quarter, compared to analyst estimates of $0.50 million.

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

• Kronos licensing remains on schedule: The NRC accepted NANO Nuclear’s Construction Permit Application for review and currently expects to complete its environmental assessment in Q1 2027 and safety evaluation in Q3 2027, supporting a potential construction start in the second half of 2027 and first power around 2030.
• Commercial opportunities are expanding: NANO completed a feasibility study with BaRupOn for up to 1 gigawatt of Kronos capacity and is advancing a potential framework with a global infrastructure partner that could make NANO the preferred nuclear provider for a multi-gigawatt AI data-center pipeline. The company also signed an MOU with Supermicro and received a new U.S. Air Force SBIR Phase I award.
• The completed acquisition of profitable nuclear logistics company STS adds fuel and spent-fuel transportation capabilities, government relationships, and industry expertise. NANO is evaluating additional small-scale acquisitions and partnerships in transportation, conversion, deconversion, and fuel-facility assets to strengthen vertical integration and potentially grow revenue before reactor deployment.
• Spending and dilution increased as NANO scales: Third-quarter operating expenses rose to $15.9 million and net loss widened to $10.1 million from $7.6 million year over year; the company also raised approximately $26 million through its ATM facility. Management reported roughly $580 million in liquidity, while noting that major commercial agreements, acquisitions, fuel arrangements, and non-dilutive project funding remain prospective rather than finalized.

Nano Nuclear Energy Stock Performance

NNE traded down $0.37 during midday trading on Wednesday, reaching $19.01. The company had a trading volume of 2,481,522 shares, compared to its average volume of 2,282,027. The stock has a market cap of $1.02 billion, a PE ratio of -27.55 and a beta of 5.42. Nano Nuclear Energy has a 12-month low of $14.71 and a 12-month high of $60.87. The business has a 50-day moving average price of $20.18 and a two-hundred day moving average price of $23.51.

Analysts Set New Price Targets

NNE has been the topic of several recent analyst reports. Wall Street Zen lowered Nano Nuclear Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 18th. Benchmark reissued a “buy” rating on shares of Nano Nuclear Energy in a research note on Friday, June 26th. Weiss Ratings reissued a “sell (d-)” rating on shares of Nano Nuclear Energy in a research report on Friday, July 17th. Roth Capital began coverage on shares of Nano Nuclear Energy in a report on Wednesday, June 17th. They issued a “buy” rating and a $45.00 target price on the stock. Finally, Alliance Global Partners began coverage on Nano Nuclear Energy in a report on Monday, July 27th. They set a “buy” rating and a $46.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $40.75.

Insider Activity at Nano Nuclear Energy

In related news, major shareholder I Financial Ventures Group Llc sold 700,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $26.68, for a total transaction of $18,676,000.00. Following the sale, the insider directly owned 8,224,000 shares in the company, valued at approximately $219,416,320. This represents a 7.84% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Jiang Yu sold 700,000 shares of the stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $26.68, for a total value of $18,676,000.00. Following the sale, the chairman directly owned 8,224,000 shares in the company, valued at $219,416,320. This trade represents a 7.84% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,616,981 shares of company stock worth $43,096,346 over the last 90 days. Corporate insiders own 18.61% of the company’s stock.

Institutional Trading of Nano Nuclear Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. US Bancorp DE boosted its holdings in Nano Nuclear Energy by 51.9% in the 3rd quarter. US Bancorp DE now owns 1,171 shares of the company’s stock valued at $45,000 after purchasing an additional 400 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Nano Nuclear Energy in the third quarter worth $48,000. Global Retirement Partners LLC grew its position in Nano Nuclear Energy by 322.7% during the fourth quarter. Global Retirement Partners LLC now owns 2,139 shares of the company’s stock worth $51,000 after buying an additional 1,633 shares in the last quarter. NewEdge Advisors LLC increased its stake in Nano Nuclear Energy by 385.8% in the 1st quarter. NewEdge Advisors LLC now owns 1,914 shares of the company’s stock worth $51,000 after acquiring an additional 1,520 shares during the last quarter. Finally, National Bank of Canada FI raised its holdings in shares of Nano Nuclear Energy by 69.3% in the 3rd quarter. National Bank of Canada FI now owns 3,184 shares of the company’s stock valued at $123,000 after acquiring an additional 1,303 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.