Citizens Financial Group Inc. RI Takes $640,000 Position in Nano Nuclear Energy Inc. $NNE

Citizens Financial Group Inc. RI acquired a new position in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 30,269 shares of the company’s stock, valued at approximately $640,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in Nano Nuclear Energy in the 2nd quarter valued at approximately $73,826,000. Deutsche Bank AG acquired a new position in Nano Nuclear Energy during the 2nd quarter worth $967,000. Perigon Wealth Management LLC acquired a new position in Nano Nuclear Energy during the 2nd quarter worth $438,000. Global Retirement Partners LLC bought a new position in shares of Nano Nuclear Energy in the second quarter worth $68,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Nano Nuclear Energy in the second quarter worth $2,814,000.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Truist Financial assumed coverage on Nano Nuclear Energy in a report on Monday, July 13th. They set a “hold” rating and a $22.00 price target on the stock. Alliance Global Partners assumed coverage on shares of Nano Nuclear Energy in a report on Monday, July 27th. They issued a “buy” rating and a $46.00 price objective for the company. Wall Street Zen upgraded shares of Nano Nuclear Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th. Benchmark reissued a “buy” rating on shares of Nano Nuclear Energy in a research note on Thursday, August 13th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Nano Nuclear Energy in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

Insider Transactions at Nano Nuclear Energy

In other Nano Nuclear Energy news, CFO Jaisun Garcha sold 37,215 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $26.48, for a total value of $985,453.20. Following the sale, the chief financial officer directly owned 345,000 shares in the company, valued at approximately $9,135,600. The trade was a 9.74% decrease in their ownership of the stock. The sale was disclosed in a legal 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 company’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 $189,043.12. The trade was a 33.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,616,981 shares of company stock valued at $43,096,346 in the last quarter. 18.61% of the stock is owned by company insiders.

Nano Nuclear Energy Stock Performance

Shares of NNE stock opened at $19.15 on Thursday. Nano Nuclear Energy Inc. has a 1 year low of $14.71 and a 1 year high of $60.87. The stock has a market cap of $1.03 billion, a PE ratio of -27.75 and a beta of 5.42. The business’s fifty day moving average is $19.69 and its 200-day moving average is $23.01.

Nano Nuclear Energy (NASDAQ:NNE) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.07. The firm had revenue of $0.21 million during the quarter, compared to analyst estimates of $0.50 million. Equities research analysts predict that Nano Nuclear Energy Inc. will post -0.84 earnings per share for the current year.

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.

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.