#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 operates as a microreactor technology company. The company is developing ZEUS, a solid-core battery reactor, and ODIN, a low-pressure coolant reactor. It is also developing a high-assay low-enriched uranium fabrication facility to supply fuel to the nuclear reactor industry and fuel transportation and nuclear consultation businesses.
Read More - Current Price
- $26.77
- Consensus Rating
- Buy
- Ratings Breakdown
- 2 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $58.00 (116.7% Upside)
