Eagle Nuclear Energy (NASDAQ:NUCL) Rating Lowered to “Sell” at Wall Street Zen

Eagle Nuclear Energy (NASDAQ:NUCL) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Separately, HC Wainwright initiated coverage on shares of Eagle Nuclear Energy in a research note on Wednesday, September 2nd. They set a “buy” rating and a $11.50 price objective on the stock. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $11.50.

Eagle Nuclear Energy Stock Performance

NUCL opened at $6.76 on Friday. The company has a market cap of $199.96 million, a price-to-earnings ratio of -7.12 and a beta of 0.36. The stock has a 50-day moving average price of $7.01. Eagle Nuclear Energy has a twelve month low of $4.55 and a twelve month high of $14.22.

Eagle Nuclear Energy (NASDAQ:NUCL) last announced its quarterly earnings results on Monday, July 20th. The nuclear energy company reported ($0.87) earnings per share (EPS) for the quarter. As a group, sell-side analysts predict that Eagle Nuclear Energy will post -1.37 EPS for the current fiscal year.

Hedge Funds Weigh In On Eagle Nuclear Energy

Large investors have recently modified their holdings of the stock. Readystate Asset Management LP acquired a new stake in shares of Eagle Nuclear Energy in the second quarter valued at approximately $796,000. Greenland Capital Management LP acquired a new position in Eagle Nuclear Energy during the 2nd quarter worth $972,000. BlackRock Inc. acquired a new stake in shares of Eagle Nuclear Energy in the 2nd quarter valued at $2,153,000. Alyeska Investment Group L.P. bought a new stake in shares of Eagle Nuclear Energy during the second quarter worth $3,585,000. Finally, Lineage Point Capital LP acquired a new position in shares of Eagle Nuclear Energy during the second quarter valued at $5,752,000. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Eagle Nuclear Energy Company Profile

Eagle Nuclear Energy Corp. operates as a mining and exploration company focused on mineral exploration and development in North America. The company is a nuclear energy company that combines domestic uranium exploration with proprietary Small Modular Reactor (SMR) technology. It also develops modular nuclear reactors to provide power for industrial and grid applications. The company was founded in 2023 and is headquartered in Reno, Nevada.