Citizens Financial Group Inc. RI Purchases New Stake in Nano Nuclear Energy Inc. $NNE

Citizens Financial Group Inc. RI acquired a new stake in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 30,269 shares of the company’s stock, valued at approximately $640,000. Citizens Financial Group Inc. RI owned about 0.06% of Nano Nuclear Energy at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in NNE. BlackRock Inc. bought a new stake in shares of Nano Nuclear Energy in the 2nd quarter worth about $73,826,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Nano Nuclear Energy by 11,676.8% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,726,250 shares of the company’s stock worth $66,564,000 after purchasing an additional 1,711,592 shares during the last quarter. Weiss Asset Management LP acquired a new position in Nano Nuclear Energy in the fourth quarter worth about $38,224,000. Ghisallo Capital Management LLC acquired a new position in Nano Nuclear Energy in the fourth quarter worth about $38,224,000. Finally, Regal Partners Ltd bought a new stake in Nano Nuclear Energy in the fourth quarter valued at about $23,535,000.

Key Headlines Impacting Nano Nuclear Energy

Here are the key news stories impacting Nano Nuclear Energy this week:

• Positive Sentiment: Regulatory and commercialization roadmap: During its third-quarter earnings call, Nano Nuclear outlined a path toward construction of its KRONOS micro modular reactor in 2027, discussed a framework for serving data centers and highlighted progress in developing fuel-cycle capabilities. The company said NRC review is moving forward, which could reduce a key execution risk if milestones are achieved. NNE Q3 Earnings Call Maps NRC Path and Data Center Framework
• Positive Sentiment: HALEU fuel-supply agreement: Nano Nuclear signed a memorandum of understanding with Quadrant Nuclear Industries to explore a long-term supply arrangement for high-assay low-enriched uranium (HALEU). Securing fuel could support future KRONOS deployments and strengthen the U.S. advanced-nuclear supply chain, although the nonbinding agreement does not yet represent contracted revenue. NANO Nuclear and Quadrant Nuclear Industries Sign Memorandum of Understanding
• Positive Sentiment: Analyst sentiment remains supportive: Analysts collectively rate NNE “Moderate Buy,” while reported Wall Street price targets imply substantial potential upside. Northland Securities also raised its FY2026 EPS estimate to a loss of $0.93 per share from a loss of $1.14, and improved several quarterly and FY2027 forecasts, suggesting somewhat better expected cost or execution trends. Nano Nuclear Energy Given Average Rating of Moderate Buy
• Neutral Sentiment: Mixed earnings revisions: Northland lowered its Q2 2027 EPS forecast to a loss of $0.37 from a loss of $0.26, despite raising estimates for other periods. The company is still expected to report losses through the forecast period, limiting the immediate fundamental support for the stock.

Analyst Upgrades and Downgrades

NNE has been the topic of several research reports. Northland Securities set a $37.00 price objective on Nano Nuclear Energy in a research note on Friday, August 14th. New Street Research set a $45.00 target price on Nano Nuclear Energy in a research report on Thursday, August 13th. Wall Street Zen upgraded Nano Nuclear Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. Truist Financial initiated coverage on Nano Nuclear Energy in a research report on Monday, July 13th. They set a “hold” rating and a $22.00 price target on the stock. Finally, Roth Capital began coverage on Nano Nuclear Energy in a research note on Wednesday, June 17th. They set a “buy” rating and a $45.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $39.00.

Nano Nuclear Energy Stock Up 4.9%

Shares of NASDAQ:NNE opened at $19.15 on Thursday. Nano Nuclear Energy Inc. has a fifty-two week low of $14.71 and a fifty-two week high of $60.87. The firm has a 50-day simple moving average of $19.69 and a 200 day simple moving average of $23.01. The company has a market cap of $1.03 billion, a PE ratio of -27.75 and a beta of 5.42.

Nano Nuclear Energy (NASDAQ:NNE) last issued its earnings results on Wednesday, August 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.07. The business had revenue of $0.21 million during the quarter, compared to the consensus estimate of $0.50 million. As a group, research analysts forecast that Nano Nuclear Energy Inc. will post -0.84 EPS for the current fiscal year.

Insider Buying and Selling at Nano Nuclear Energy

In related news, Director Seth Jason Berl sold 3,750 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $24.92, for a total value of $93,450.00. Following the sale, the director owned 7,586 shares of the company’s stock, valued at approximately $189,043.12. This trade represents a 33.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder I Financial Ventures Group Llc sold 700,000 shares of the business’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 value of $18,676,000.00. Following the transaction, the insider owned 8,224,000 shares of the company’s stock, valued at $219,416,320. This represents a 7.84% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 1,616,981 shares of company stock worth $43,096,346. Corporate insiders own 18.61% of the company’s stock.

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.