BTIG Research initiated coverage on shares of Newcleo (NASDAQ:NWCL – Free Report) in a report published on Monday morning, Marketbeat reports. The brokerage issued a neutral rating on the stock.
Newcleo Stock Down 1.6%
Shares of NASDAQ:NWCL opened at $4.21 on Monday. Newcleo has a one year low of $3.93 and a one year high of $8.88.
About Newcleo
Newcleo is a nuclear technology company founded in 2021 to develop small modular reactors based on lead-cooled fast reactor technology. Its designs are intended to provide low-carbon electricity while improving fuel efficiency and supporting the use of recycled nuclear materials.
The company’s development program includes a small demonstration reactor and a larger commercial reactor design. Newcleo is also working on nuclear fuel-cycle technologies, including the production and use of mixed-oxide (MOX) fuel made from materials recovered from spent nuclear fuel.
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