- New Street analysts set a bullish price target of $45.00 for Nano Nuclear Energy, indicating a potential upside of 68.04%.
- The U.S. Nuclear Regulatory Commission (NRC) formally accepted the construction permit application for Nano Nuclear Energy’s Kronos microreactor, marking a significant step in its licensing process.
- Nano Nuclear Energy reported a smaller-than-expected Q3 loss of $0.19 per share, beating analyst estimates, alongside an increase in revenues.
Nano Nuclear Energy (NASDAQ: NNE) is an advanced technology company that focuses on developing clean energy. It designs and builds small, portable nuclear reactors called micro modular reactors. The company operates in the alternative energy industry, aiming to provide power for data centers, industrial users, and government customers.
New Street sets a new price target of $45.00 for Nano Nuclear Energy. This target suggests a potential increase of about 68.04% from the stock’s price of $19.40 when the analysis was published. This positive outlook is based on Nano Nuclear Energy’s recent progress and future plans.
A key factor is the advancement of its Kronos microreactor. The U.S. Nuclear Regulatory Commission (NRC) formally accepted the construction permit application for a full-scale reactor. This project is located at the University of Illinois Urbana-Champaign and marks a significant step forward in the licensing process.
The NRC provides a clear timeline for its review. It expects to finish the environmental assessment in the first quarter of 2027 and the safety evaluation in the third quarter of 2027. This schedule allows Nano Nuclear Energy to plan for initial construction work to begin in the second half of 2027.
As highlighted by Zacks, Nano Nuclear Energy’s third-quarter financial results show a smaller loss than expected. It reported a loss of $0.19 per share, beating the estimated loss of $0.28. While revenues of $0.21 million missed forecasts, this is an increase from zero revenues reported a year ago.
