Nano Nuclear Energy (NASDAQ:NNE) Releases Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Nano Nuclear Energy (NASDAQ:NNE) issued its earnings results on Wednesday. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.07, FiscalAI reports. The firm had revenue of $0.21 million during the quarter, compared to analysts’ expectations of $0.50 million.

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

• Kronos licensing remains on schedule: The NRC accepted NANO Nuclear’s Construction Permit Application for review and currently expects to complete its environmental assessment in Q1 2027 and safety evaluation in Q3 2027, supporting a potential construction start in the second half of 2027 and first power around 2030.
• Commercial opportunities are expanding: NANO completed a feasibility study with BaRupOn for up to 1 gigawatt of Kronos capacity and is advancing a potential framework with a global infrastructure partner that could make NANO the preferred nuclear provider for a multi-gigawatt AI data-center pipeline. The company also signed an MOU with Supermicro and received a new U.S. Air Force SBIR Phase I award.
• The completed acquisition of profitable nuclear logistics company STS adds fuel and spent-fuel transportation capabilities, government relationships, and industry expertise. NANO is evaluating additional small-scale acquisitions and partnerships in transportation, conversion, deconversion, and fuel-facility assets to strengthen vertical integration and potentially grow revenue before reactor deployment.
• Spending and dilution increased as NANO scales: Third-quarter operating expenses rose to $15.9 million and net loss widened to $10.1 million from $7.6 million year over year; the company also raised approximately $26 million through its ATM facility. Management reported roughly $580 million in liquidity, while noting that major commercial agreements, acquisitions, fuel arrangements, and non-dilutive project funding remain prospective rather than finalized.

Nano Nuclear Energy Stock Down 1.8%

Shares of NASDAQ NNE traded down $0.38 during trading on Friday, reaching $20.14. 508,010 shares of the company traded hands, compared to its average volume of 2,276,151. The firm has a 50 day simple moving average of $20.06 and a 200-day simple moving average of $23.41. Nano Nuclear Energy has a 52-week low of $14.71 and a 52-week high of $60.87. The stock has a market capitalization of $1.08 billion, a PE ratio of -29.20 and a beta of 5.42.

Insider Activity at Nano Nuclear Energy

In other news, Chairman Jiang Yu sold 700,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $26.68, for a total value of $18,676,000.00. Following the transaction, the chairman owned 8,224,000 shares in the company, valued at $219,416,320. This represents a 7.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jaisun Garcha sold 37,215 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $26.48, for a total value of $985,453.20. Following the transaction, the chief financial officer owned 345,000 shares of the company’s stock, valued at approximately $9,135,600. This trade represents a 9.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,616,981 shares of company stock valued at $43,096,346 in the last 90 days. 18.61% of the stock is owned by company insiders.

Hedge Funds Weigh In On Nano Nuclear Energy

Several institutional investors have recently bought and sold shares of NNE. US Bancorp DE increased its holdings in shares of Nano Nuclear Energy by 51.9% in the third quarter. US Bancorp DE now owns 1,171 shares of the company’s stock worth $45,000 after purchasing an additional 400 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Nano Nuclear Energy during the third quarter valued at approximately $48,000. Global Retirement Partners LLC lifted its position in shares of Nano Nuclear Energy by 322.7% during the fourth quarter. Global Retirement Partners LLC now owns 2,139 shares of the company’s stock worth $51,000 after purchasing an additional 1,633 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of Nano Nuclear Energy by 385.8% during the first quarter. NewEdge Advisors LLC now owns 1,914 shares of the company’s stock valued at $51,000 after acquiring an additional 1,520 shares in the last quarter. Finally, National Bank of Canada FI lifted its stake in Nano Nuclear Energy by 69.3% in the third quarter. National Bank of Canada FI now owns 3,184 shares of the company’s stock worth $123,000 after acquiring an additional 1,303 shares during the period.

Analysts Set New Price Targets

Several research firms recently weighed in on NNE. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nano Nuclear Energy in a report on Friday, July 17th. Benchmark reaffirmed a “buy” rating on shares of Nano Nuclear Energy in a research report on Thursday. Wall Street Zen downgraded Nano Nuclear Energy from a “sell” rating to a “strong sell” rating in a report on Saturday, July 18th. Roth Capital started coverage on Nano Nuclear Energy in a research report on Wednesday, June 17th. They issued a “buy” rating and a $45.00 target price for the company. Finally, Truist Financial began coverage on Nano Nuclear Energy in a research note on Monday, July 13th. They issued a “hold” rating and a $22.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $41.60.

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.