Nano Nuclear Energy’s (NNE) “Buy” Rating Reiterated at HC Wainwright

HC Wainwright reissued their buy rating on shares of Nano Nuclear Energy (NASDAQ:NNE) in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a $50.00 price target on the stock.

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

Nano Nuclear Energy Trading Down 3.5 %

NASDAQ NNE opened at $38.62 on Wednesday. The business’s 50-day moving average price is $27.83 and its 200 day moving average price is $19.69. Nano Nuclear Energy has a twelve month low of $3.25 and a twelve month high of $48.05.

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

Institutional Investors Weigh In On Nano Nuclear Energy

A number of institutional investors have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund bought a new stake in shares of Nano Nuclear Energy during the 4th quarter valued at $30,000. JPMorgan Chase & Co. acquired a new stake in Nano Nuclear Energy in the 3rd quarter valued at about $25,000. Rhumbline Advisers lifted its stake in Nano Nuclear Energy by 64.8% in the 4th quarter. Rhumbline Advisers now owns 6,212 shares of the company’s stock valued at $155,000 after purchasing an additional 2,442 shares during the last quarter. Barclays PLC bought a new position in Nano Nuclear Energy in the 3rd quarter valued at about $76,000. Finally, Newbridge Financial Services Group Inc. bought a new position in Nano Nuclear Energy in the 4th quarter valued at about $200,000.

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.