Eagle Nuclear Energy (NASDAQ:NUCL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Eagle Nuclear Energy (NASDAQ:NUCL) from a sell rating to a hold rating in a research note published on Saturday morning,Wall Street Zen reports.

Other equities analysts have also issued reports about the company. Zacks Research raised Eagle Nuclear Energy to a “hold” rating in a research note on Thursday, September 3rd. HC Wainwright assumed coverage on shares of Eagle Nuclear Energy in a research report on Wednesday, September 2nd. They set a “buy” rating and a $11.50 price objective for the company. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $11.50.

Eagle Nuclear Energy Stock Performance

NUCL stock opened at $6.33 on Friday. The company has a market cap of $187.24 million, a price-to-earnings ratio of -6.66 and a beta of 0.36. The stock has a 50-day simple moving average of $6.67. Eagle Nuclear Energy has a 1-year low of $4.55 and a 1-year high of $14.22.

Eagle Nuclear Energy (NASDAQ:NUCL) last announced its earnings results on Monday, July 20th. The nuclear energy company reported ($0.87) EPS for the quarter. On average, equities analysts forecast that Eagle Nuclear Energy will post -1.37 earnings per share for the current year.

Institutional Trading of Eagle Nuclear Energy

Large investors have recently made changes to their positions in the company. State Street Corp bought a new position in Eagle Nuclear Energy in the second quarter worth approximately $705,000. Readystate Asset Management LP bought a new stake in shares of Eagle Nuclear Energy during the second quarter valued at approximately $796,000. Greenland Capital Management LP acquired a new position in shares of Eagle Nuclear Energy during the second quarter worth approximately $972,000. BlackRock Inc. acquired a new position in shares of Eagle Nuclear Energy during the second quarter worth approximately $2,153,000. Finally, Alyeska Investment Group L.P. bought a new position in shares of Eagle Nuclear Energy in the 2nd quarter worth $3,585,000. 89.78% of the stock is currently owned by institutional investors and hedge funds.

About Eagle Nuclear Energy

Eagle Nuclear Energy, Inc (NASDAQ: NUCL) is a special purpose acquisition company (SPAC) focused on opportunities in the nuclear energy industry. The company was formed to identify and complete a business combination, such as a merger, stock purchase, or asset acquisition, with a target operating in nuclear power or a related sector.

As a SPAC, Eagle Nuclear Energy does not currently operate a conventional business or offer its own nuclear energy products and services. Its prospective activities may include evaluating companies involved in nuclear generation, advanced reactor technologies, nuclear fuel, or related infrastructure, although the company has not disclosed a completed transaction that would establish such operations.

The company is incorporated in the United States and was established as a blank-check entity.