Eagle Nuclear Energy (NASDAQ:NUCL) Stock Rating Upgraded by Wall Street Zen

Eagle Nuclear Energy (NASDAQ:NUCL) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday, Wall Street Zen reports.

Other research analysts have also recently issued reports about the stock. HC Wainwright initiated coverage on shares of Eagle Nuclear Energy in a research note on Wednesday, September 2nd. They issued a “buy” rating and a $11.50 price objective on the stock. Zacks Research raised Eagle Nuclear Energy to a “hold” rating in a research report on Thursday, September 3rd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $11.50.

Eagle Nuclear Energy Stock Performance

Shares of NUCL opened at $6.16 on Friday. Eagle Nuclear Energy has a 52 week low of $4.55 and a 52 week high of $14.22. The firm has a market cap of $182.21 million, a price-to-earnings ratio of -6.48 and a beta of 0.36. The firm has a 50-day moving average of $6.65.

Eagle Nuclear Energy (NASDAQ:NUCL) last released its quarterly earnings results on Monday, July 20th. The nuclear energy company reported ($0.87) EPS for the quarter. 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

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

About Eagle Nuclear Energy

Eagle Nuclear Energy, Inc (NASDAQ: NUCL) is a special purpose acquisition company (SPAC) focused on opportunities in the nuclear energy industry. The company was formed to identify and complete a business combination, such as a merger, stock purchase, or asset acquisition, with a target operating in nuclear power or a related sector.

As a SPAC, Eagle Nuclear Energy does not currently operate a conventional business or offer its own nuclear energy products and services. Its prospective activities may include evaluating companies involved in nuclear generation, advanced reactor technologies, nuclear fuel, or related infrastructure, although the company has not disclosed a completed transaction that would establish such operations.

The company is incorporated in the United States and was established as a blank-check entity.