Nano Nuclear Energy (NASDAQ:NNE) Announces Earnings Results

Nano Nuclear Energy (NASDAQ:NNE) released its quarterly earnings data on Wednesday. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.07, FiscalAI reports. The business had revenue of $0.21 million during the quarter, compared to the consensus estimate of $0.50 million.

Here are the key takeaways from Nano Nuclear Energy’s conference call:

• Kronos licensing remains on schedule: The NRC accepted NANO Nuclear’s Construction Permit Application for review and currently expects to complete its environmental assessment in Q1 2027 and safety evaluation in Q3 2027, supporting a potential construction start in the second half of 2027 and first power around 2030.
• Commercial opportunities are expanding: NANO completed a feasibility study with BaRupOn for up to 1 gigawatt of Kronos capacity and is advancing a potential framework with a global infrastructure partner that could make NANO the preferred nuclear provider for a multi-gigawatt AI data-center pipeline. The company also signed an MOU with Supermicro and received a new U.S. Air Force SBIR Phase I award.
• The completed acquisition of profitable nuclear logistics company STS adds fuel and spent-fuel transportation capabilities, government relationships, and industry expertise. NANO is evaluating additional small-scale acquisitions and partnerships in transportation, conversion, deconversion, and fuel-facility assets to strengthen vertical integration and potentially grow revenue before reactor deployment.
• Spending and dilution increased as NANO scales: Third-quarter operating expenses rose to $15.9 million and net loss widened to $10.1 million from $7.6 million year over year; the company also raised approximately $26 million through its ATM facility. Management reported roughly $580 million in liquidity, while noting that major commercial agreements, acquisitions, fuel arrangements, and non-dilutive project funding remain prospective rather than finalized.

Nano Nuclear Energy Price Performance

NNE traded down $0.37 during trading on Wednesday, hitting $19.01. The stock had a trading volume of 2,481,522 shares, compared to its average volume of 2,282,027. The company has a 50 day moving average price of $20.18 and a 200-day moving average price of $23.51. Nano Nuclear Energy has a one year low of $14.71 and a one year high of $60.87. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of -27.55 and a beta of 5.42.

Wall Street Analysts Forecast Growth

NNE has been the subject of several research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nano Nuclear Energy in a research note on Friday, July 17th. Alliance Global Partners assumed coverage on Nano Nuclear Energy in a research note on Monday, July 27th. They issued a “buy” rating and a $46.00 price target on the stock. Truist Financial began coverage on Nano Nuclear Energy in a report on Monday, July 13th. They set a “hold” rating and a $22.00 price target for the company. Wall Street Zen cut shares of Nano Nuclear Energy from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 18th. Finally, Roth Capital started coverage on shares of Nano Nuclear Energy in a report on Wednesday, June 17th. They issued a “buy” rating and a $45.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $40.75.

Insider Activity

In other news, Chairman Jiang Yu sold 700,000 shares of Nano Nuclear Energy stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $26.68, for a total transaction of $18,676,000.00. Following the completion of the sale, the chairman owned 8,224,000 shares of the company’s stock, valued at approximately $219,416,320. This trade represents a 7.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Seth Jason Berl sold 3,750 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $24.92, for a total transaction of $93,450.00. Following the completion of the sale, the director directly owned 7,586 shares of the company’s stock, valued at approximately $189,043.12. The trade was a 33.08% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 1,616,981 shares of company stock worth $43,096,346. Corporate insiders own 18.61% of the company’s stock.

Institutional Trading of Nano Nuclear Energy

A number of institutional investors have recently bought and sold shares of NNE. Captrust Financial Advisors acquired a new stake in shares of Nano Nuclear Energy in the 4th quarter valued at approximately $202,000. Federation des caisses Desjardins du Quebec increased its position in Nano Nuclear Energy by 331.4% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 6,704 shares of the company’s stock worth $161,000 after purchasing an additional 5,150 shares in the last quarter. Lido Advisors LLC bought a new position in Nano Nuclear Energy in the 4th quarter valued at approximately $230,000. Intech Investment Management LLC lifted its stake in Nano Nuclear Energy by 17.2% in the 4th quarter. Intech Investment Management LLC now owns 10,500 shares of the company’s stock valued at $252,000 after purchasing an additional 1,543 shares during the last quarter. Finally, Sei Investments Co. acquired a new stake in Nano Nuclear Energy in the third quarter valued at approximately $231,000.

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.