#2 - Nano Nuclear Energy (NASDAQ:NNE)
Nano Nuclear Energy Inc. (NASDAQ: NNE) is a vertically integrated nuclear energy company, which means it has several related business units. In this case, Nano Nuclear is developing next-generation nuclear energy technologies, including its Zeus solid-core battery reactor, ODIN low-pressure coolant reactor, and Advanced Fuel Transportation (AFT) and Haleu Energy Fuel (HEF) subsidiaries.
If you need convincing that nuclear energy will be a fast-growing sector, consider that the Accelerating Deployment of Versatile, Advanced Nuclear for Clean Energy Act (ADVANCE Act) was passed with overwhelming bipartisan support in both chambers of the U.S. Congress. This is relevant to Nano Nuclear because it provides funding and reduces regulatory costs for developing and deploying new nuclear technologies, including microreactors.
The risk for investors is that NNE stock has only been trading publicly since May 2024. The company is not yet profitable and is generating little to no revenue. However, if you believe in the emerging technology narrative, this stock could be a multi-bagger in waiting.
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.
- Current Price
- $40.01
- Consensus Rating
- Buy
- Ratings Breakdown
- 2 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $58.00 (45.0% Upside)
