Brokers Issue Forecasts for NNE FY2030 Earnings

Nano Nuclear Energy Inc. (NASDAQ:NNE) – Analysts at HC Wainwright issued their FY2030 earnings per share estimates for Nano Nuclear Energy in a research report issued on Friday, December 19th. HC Wainwright analyst S. Joshi expects that the company will earn ($3.32) per share for the year. The consensus estimate for Nano Nuclear Energy’s current full-year earnings is ($0.92) per share.

Several other equities analysts have also recently commented on NNE. Weiss Ratings reissued a “sell (d-)” rating on shares of Nano Nuclear Energy in a research report on Wednesday, October 8th. BTIG Research initiated coverage on Nano Nuclear Energy in a report on Thursday, August 28th. They issued a “neutral” rating for the company. Finally, Benchmark reissued a “buy” rating on shares of Nano Nuclear Energy in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $47.00.

Nano Nuclear Energy Stock Performance

Shares of NNE stock opened at $33.03 on Monday. Nano Nuclear Energy has a fifty-two week low of $17.26 and a fifty-two week high of $60.87. The company has a 50 day moving average price of $38.13 and a 200 day moving average price of $36.87. The stock has a market capitalization of $1.66 billion, a P/E ratio of -31.76 and a beta of 7.17.

Nano Nuclear Energy (NASDAQ:NNE) last released its earnings results on Thursday, December 18th. The company reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.14.

Hedge Funds Weigh In On Nano Nuclear Energy

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Nano Nuclear Energy by 44.4% in the first quarter. Vanguard Group Inc. now owns 990,024 shares of the company’s stock valued at $26,196,000 after buying an additional 304,405 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Nano Nuclear Energy by 445.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 59,291 shares of the company’s stock valued at $1,569,000 after acquiring an additional 48,424 shares during the last quarter. Deutsche Bank AG acquired a new stake in shares of Nano Nuclear Energy during the 1st quarter worth about $479,000. Swiss National Bank acquired a new stake in shares of Nano Nuclear Energy during the 1st quarter worth about $1,220,000. Finally, Invesco Ltd. acquired a new position in Nano Nuclear Energy in the first quarter valued at approximately $320,000.

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.