HC Wainwright Initiates Coverage on Nano Nuclear Energy (NASDAQ:NNE)

Posted by ABMN Staff on Nov 3rd, 2024

HC Wainwright initiated coverage on shares of Nano Nuclear Energy (NASDAQ:NNE – Free Report) in a research note released on Wednesday, MarketBeat.com reports. The firm issued a buy rating and a $50.00 price target on the stock. HC Wainwright also issued estimates for Nano Nuclear Energy’s Q4 2024 earnings at ($0.16) EPS, FY2024 earnings at ($0.46) EPS, Q1 2025 earnings at ($0.18) EPS, Q2 2025 earnings at ($0.21) EPS, Q3 2025 earnings at ($0.24) EPS, Q4 2025 earnings at ($0.29) EPS, FY2025 earnings at ($0.92) EPS, FY2026 earnings at ($1.16) EPS, FY2027 earnings at ($1.53) EPS, FY2028 earnings at ($1.95) EPS and FY2029 earnings at ($2.25) EPS.

Separately, Benchmark reiterated a “buy” rating and issued a $39.00 target price on shares of Nano Nuclear Energy in a research report on Monday, July 15th.

Read Our Latest Stock Report on NNE

Nano Nuclear Energy Trading Down 1.5 %

Shares of NASDAQ NNE opened at $19.26 on Wednesday. The firm has a 50-day moving average of $15.13. Nano Nuclear Energy has a 52-week low of $3.25 and a 52-week high of $37.51.

Nano Nuclear Energy (NASDAQ:NNE – Get Free Report) last announced its earnings results on Wednesday, August 14th. The company reported ($0.17) earnings per share (EPS) for the quarter. Research analysts predict that Nano Nuclear Energy will post -0.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nano Nuclear Energy

An institutional investor recently bought a new position in Nano Nuclear Energy stock. Citizens Financial Group Inc. RI purchased a new position in Nano Nuclear Energy Inc. (NASDAQ:NNE – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 86,000 shares of the company’s stock, valued at approximately $2,016,000. Citizens Financial Group Inc. RI owned approximately 0.30% of Nano Nuclear Energy at the end of the most recent quarter.

Nano Nuclear Energy Company Profile

(Get Free Report)

NANO Nuclear Energy Inc operates as a microreactor technology company. The company is developing ZEUS, a solid-core battery reactor, and ODIN, a low-pressure coolant reactor. It is also developing a high-assay low-enriched uranium fabrication facility to supply fuel to the nuclear reactor industry and fuel transportation and nuclear consultation businesses.