Nano Nuclear Energy (NASDAQ:NNE) Posts Earnings Results, Beats Estimates By $0.19 EPS

Nano Nuclear Energy (NASDAQ:NNE) posted its quarterly earnings data on Tuesday. The company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.19, Zacks reports.

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

• Construction-permit on track: NANO expects to submit a NRC construction permit for its KRONOS MMR in the coming months after completing University of Illinois site characterization and signing an MOU, targeting site construction in mid–late 2027 and a prototype around 2030.
• Strong balance sheet: The company raised $400 million in an October private placement and finished the quarter with approximately $577.5 million in cash, which management says extends runway and funds development and M&A options.
• Growing commercial traction and partnerships: NANO is advancing a feasibility study to supply up to 1 GW to BaRupOn’s AI/data campus and announced MOUs with DS Dansuk (Korea) and Ameresco to support localization, manufacturing and EPC opportunities.
• Progress on vertical integration for fuel: The company is expanding fuel-chain capabilities—acquiring Global First Power (now True North Nuclear) in Canada, and its affiliate LIS Technologies received a Tennessee radioactive-material license and plans a $1.38 billion Oak Ridge enrichment investment.
• Material supply-chain risks remain: Management flagged potential bottlenecks in nuclear-grade graphite, TRISO fuel fabrication capacity and conversion/enrichment timelines, which could constrain deployment timing and increase costs if not resolved.

Nano Nuclear Energy Stock Performance

Shares of Nano Nuclear Energy stock traded up $0.68 on Thursday, hitting $25.75. The company had a trading volume of 566,608 shares, compared to its average volume of 1,975,694. Nano Nuclear Energy has a 1 year low of $17.26 and a 1 year high of $60.87. The stock has a 50 day moving average of $30.52 and a 200-day moving average of $35.40. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of -23.87 and a beta of 7.48.

Insiders Place Their Bets

In other news, major shareholder I Financial Ventures Group Llc sold 766,661 shares of the company’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $34.14, for a total value of $26,173,806.54. Following the completion of the sale, the insider owned 8,724,000 shares in the company, valued at $297,837,360. This represents a 8.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO James John Walker sold 195,000 shares of the stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $34.04, for a total transaction of $6,637,800.00. Following the completion of the sale, the chief executive officer owned 250,000 shares of the company’s stock, valued at approximately $8,510,000. This represents a 43.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,982,000 shares of company stock valued at $125,625,797 in the last three months. 32.77% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Nano Nuclear Energy by 11,676.8% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,726,250 shares of the company’s stock valued at $66,564,000 after acquiring an additional 1,711,592 shares in the last quarter. Weiss Asset Management LP bought a new position in Nano Nuclear Energy in the 4th quarter valued at $38,224,000. Ghisallo Capital Management LLC purchased a new position in shares of Nano Nuclear Energy during the 4th quarter valued at $38,224,000. Regal Partners Ltd purchased a new position in Nano Nuclear Energy during the fourth quarter worth about $23,535,000. Finally, Van ECK Associates Corp boosted its position in shares of Nano Nuclear Energy by 24.7% during the 4th quarter. Van ECK Associates Corp now owns 3,241,350 shares of the company’s stock valued at $77,825,000 after acquiring an additional 643,070 shares during the last quarter.

Wall Street Analyst Weigh In

A number of analysts have weighed in on NNE shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nano Nuclear Energy in a report on Thursday, January 22nd. Texas Capital upgraded shares of Nano Nuclear Energy to a “strong-buy” rating in a research report on Tuesday, January 27th. Finally, Benchmark reissued a “buy” rating on shares of Nano Nuclear Energy in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $47.00.

About Nano Nuclear Energy

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.