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NEW YORK - NANO Nuclear Energy Inc. (NASDAQ:NNE), a $1.49 billion market cap company, has been selected to advance to the finals pitch event of the U.S. Army xTechSearch 9 competition, the company announced Thursday. The stock has experienced significant volatility, dropping 17.5% in the past week despite a strong 159% gain over the last year.
The xTech program is a competitive initiative led by the U.S. Army that engages with innovative technology companies to develop dual-use solutions for defense needs. According to InvestingPro analysis, NANO Nuclear maintains a strong financial position with more cash than debt on its balance sheet, potentially supporting its development initiatives.
NANO Nuclear, which describes itself as a developer of advanced nuclear energy solutions, will have the opportunity to showcase its deployable microreactor technology directly to Army decision-makers. The company’s presentation will focus on how its technology could provide power in contested and austere environments.
"This milestone underscores the potential of our technologies, particularly our deployable microreactor, to support the Army’s mission and national security priorities," said Jay Yu, Founder and Chairman of NANO Nuclear, according to the press release.
James Walker, Chief Executive Officer of NANO Nuclear, stated that the selection highlights growing interest in the company’s ability to "deliver resilient and sustainable power" for military applications.
NANO Nuclear is developing several microreactor products including the KRONOS MMR Energy System, ZEUS solid core battery reactor, ODIN low-pressure coolant reactor, and the space-focused portable LOKI MMR.
The company is also working on nuclear fuel transportation and fabrication capabilities through its subsidiaries Advanced Fuel Transportation Inc. and HALEU Energy Fuel Inc.
NANO Nuclear describes itself as the first portable nuclear microreactor company to be publicly listed in the U.S.
The information in this article is based on a company press release statement.
In other recent news, NANO Nuclear Energy Inc. participated in its Q3 2025 earnings call, revealing a mixed financial performance. The company reported strategic growth but also faced rising operational losses. In addition, NANO Nuclear has advanced to the finals of the U.S. Army’s xTechSearch 9 competition, where it will present its deployable microreactor technology. This development aligns with the company’s focus on innovative solutions for defense needs. On the analyst front, H.C. Wainwright reiterated its Buy rating for NANO Nuclear, maintaining a $50.00 price target, highlighting the company’s progress with its KRONOS micro modular reactor. Conversely, Ladenburg Thalmann downgraded the stock from Buy to Sell, citing concerns over the company’s expanded strategic approach. The firm lowered its price target significantly to $9.00, expressing skepticism about NANO Nuclear’s ventures beyond its core reactor development. These recent developments offer investors various perspectives on the company’s strategic direction and financial health.
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