Nano Nuclear Energy (NASDAQ:NNE) Releases Earnings Results

Nano Nuclear Energy (NASDAQ:NNE) announced its quarterly earnings results on Wednesday. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.07, FiscalAI reports. The company had revenue of $0.21 million for the quarter, compared to analyst estimates 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 Trading Up 1.9%

Shares of NNE traded up $0.35 on Thursday, reaching $19.36. The company’s stock had a trading volume of 1,477,113 shares, compared to its average volume of 2,275,524. The firm has a fifty day moving average of $20.18 and a 200-day moving average of $23.51. The stock has a market capitalization of $1.04 billion, a PE ratio of -28.17 and a beta of 5.42. Nano Nuclear Energy has a twelve month low of $14.71 and a twelve month high of $60.87.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on NNE shares. Roth Capital assumed coverage on Nano Nuclear Energy in a report on Wednesday, June 17th. They issued a “buy” rating and a $45.00 target price for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Nano Nuclear Energy in a research note on Friday, July 17th. Alliance Global Partners started coverage on Nano Nuclear Energy in a research report on Monday, July 27th. They issued a “buy” rating and a $46.00 price target on the stock. Benchmark reiterated a “buy” rating on shares of Nano Nuclear Energy in a research report on Thursday. Finally, Truist Financial began coverage on Nano Nuclear Energy in a report on Monday, July 13th. They issued a “hold” rating and a $22.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $40.75.

Insider Activity at Nano Nuclear Energy

In related news, CEO James John Walker sold 123,688 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $26.49, for a total transaction of $3,276,495.12. Following the completion of the sale, the chief executive officer owned 555,000 shares in the company, valued at approximately $14,701,950. This trade represents a 18.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jaisun Garcha sold 37,215 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $26.48, for a total transaction of $985,453.20. Following the transaction, the chief financial officer directly owned 345,000 shares of the company’s stock, valued at $9,135,600. This represents a 9.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,616,981 shares of company stock valued at $43,096,346 in the last 90 days. 18.61% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Nano Nuclear Energy

Several large investors have recently added to or reduced their stakes in NNE. US Bancorp DE increased its stake in shares of Nano Nuclear Energy by 51.9% in the third quarter. US Bancorp DE now owns 1,171 shares of the company’s stock worth $45,000 after purchasing an additional 400 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Nano Nuclear Energy in the third quarter valued at $48,000. Global Retirement Partners LLC grew its position in shares of Nano Nuclear Energy by 322.7% in the fourth quarter. Global Retirement Partners LLC now owns 2,139 shares of the company’s stock valued at $51,000 after purchasing an additional 1,633 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of Nano Nuclear Energy by 385.8% during the 1st quarter. NewEdge Advisors LLC now owns 1,914 shares of the company’s stock valued at $51,000 after purchasing an additional 1,520 shares during the period. Finally, National Bank of Canada FI boosted its stake in Nano Nuclear Energy by 69.3% in the 3rd quarter. National Bank of Canada FI now owns 3,184 shares of the company’s stock worth $123,000 after purchasing an additional 1,303 shares during the period.

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.