Eagle Nuclear Energy (NASDAQ:NUCL) Raised to “Hold” at Zacks Research

Eagle Nuclear Energy (NASDAQ:NUCL) was upgraded by analysts at Zacks Research to a “hold” rating in a note issued to investors on Thursday, Zacks reports.

A number of other brokerages also recently commented on NUCL. Wall Street Zen downgraded shares of Eagle Nuclear Energy from a “hold” rating to a “sell” rating in a research report on Saturday. HC Wainwright initiated coverage on shares of Eagle Nuclear Energy in a research note on Wednesday. They set a “buy” rating and a $11.50 target price for the company. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Eagle Nuclear Energy has a consensus rating of “Moderate Buy” and an average target price of $11.50.

Eagle Nuclear Energy Stock Performance

Shares of Eagle Nuclear Energy stock opened at $6.76 on Thursday. Eagle Nuclear Energy has a 1 year low of $4.55 and a 1 year high of $14.22. The stock has a market cap of $199.96 million, a P/E ratio of -7.12 and a beta of 0.36. The business has a 50-day simple moving average of $7.01.

Eagle Nuclear Energy (NASDAQ:NUCL) last released its earnings results on Monday, July 20th. The nuclear energy company reported ($0.87) earnings per share for the quarter. Research analysts forecast that Eagle Nuclear Energy will post -1.37 earnings per share for the current year.

Institutional Investors Weigh In On Eagle Nuclear Energy

Several hedge funds and other institutional investors have recently made changes to their positions in NUCL. BlackRock Inc. bought a new position in shares of Eagle Nuclear Energy in the second quarter worth about $2,153,000. Alyeska Investment Group L.P. acquired a new position in shares of Eagle Nuclear Energy during the 2nd quarter worth about $3,585,000. Lineage Point Capital LP bought a new stake in Eagle Nuclear Energy during the 2nd quarter valued at approximately $5,752,000. Readystate Asset Management LP bought a new stake in Eagle Nuclear Energy during the 2nd quarter valued at approximately $796,000. Finally, Greenland Capital Management LP acquired a new stake in Eagle Nuclear Energy in the 2nd quarter valued at approximately $972,000. 89.78% of the stock is owned by institutional investors and hedge funds.

About Eagle Nuclear Energy

Eagle Nuclear Energy Corp. operates as a mining and exploration company focused on mineral exploration and development in North America. The company is a nuclear energy company that combines domestic uranium exploration with proprietary Small Modular Reactor (SMR) technology. It also develops modular nuclear reactors to provide power for industrial and grid applications. The company was founded in 2023 and is headquartered in Reno, Nevada.