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Investing.com - H.C. Wainwright has reiterated its Buy rating and $50.00 price target on NANO Nuclear Energy (NASDAQ:NNE), currently trading at $32.06 with a market capitalization of $1.49 billion. The firm maintains its bullish stance despite the stock’s recent 13% decline over the past week, citing the company’s strategic focus on advancing its KRONOS micro modular reactor (MMR) through regulatory processes. According to InvestingPro, NNE shows strong momentum with a 190% return over the past year.
The firm notes that since acquiring the KRONOS MMR earlier this year, NANO Nuclear has concentrated its developmental efforts on submitting a construction permit application to the U.S. Nuclear Regulatory Commission by late 2025 or early 2026. H.C. Wainwright believes this regulatory process could be completed within 12 months, positioning the company for construction, demonstration, licensing, and deployment in the U.S. While the company maintains a strong liquidity position with a current ratio of 73.0 and minimal debt, InvestingPro data reveals it is not yet profitable, with an EBITDA of -$35.45 million.
H.C. Wainwright views management’s decision to not participate in the U.S. Department of Energy’s Reactor Pilot Program as prudent, highlighting that NANO already has access to a non-DoE controlled site for commercialization. The program aims to demonstrate criticality in at least three test reactors by July 4, 2026.
The firm also points out that NANO is simultaneously working to become the first entity to build a licensed microreactor in Canada for commercial deployment. The KRONOS MMR has completed a Phase 1 review with the Canadian Nuclear Safety Commission, and NANO has been discussing a potential project site at Chalk River with the Canadian Nuclear Laboratory.
H.C. Wainwright believes NANO’s partnership with the University of Illinois, Urbana-Champaign allows management to focus on plant design, construction, systems integration, and commercial pathways while the university handles regulatory processes.
In other recent news, Nano Nuclear Energy Inc reported its Q3 2025 financial performance, revealing a combination of strategic growth and increasing operational losses. This mixed outcome was discussed during the company’s earnings call. Additionally, investment firm Ladenburg Thalmann downgraded Nano Nuclear Energy from Buy to Sell, adjusting its price target from $51.00 to $9.00. The downgrade was attributed to concerns over the company’s expanded strategic focus, which now includes fuel, transportation, and consulting ventures. Ladenburg Thalmann expressed that these new initiatives might distract from the core Kronos reactor development. These developments have raised questions about the company’s strategic direction and financial health. These recent updates are crucial for investors to consider when evaluating Nano Nuclear Energy’s future prospects.
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