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Nano Nuclear Energy Inc.
(NASDAQ:NNE)
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Rating:50Neutral
Price Target:
$12.00
▼(-37.63% Downside)
Action:Reiterated
Date:10/02/26
The score is primarily held back by very weak current financial performance (minimal revenue, large losses, and ongoing cash burn) and bearish technical positioning (below major moving averages with negative MACD). These are partially offset by strong liquidity/low leverage and constructive strategic progress communicated in the earnings call, with modest additional support from recent vertical-integration corporate actions.
Positive Factors
Strong liquidity and low leverage
The substantial liquidity position and very low debt provide financial flexibility for continued reactor development, licensing, acquisitions, and infrastructure investment. This capital base can support execution through lengthy commercialization cycles while reducing near-term reliance on borrowing.
Negative Factors
Minimal revenue and deep losses
The current revenue base remains far too small to cover operating costs, leaving the company dependent on capital resources while reactor and fuel projects develop. Persistent losses indicate that commercial earnings are not yet established, increasing execution pressure before planned deployment milestones.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong liquidity and low leverage
The substantial liquidity position and very low debt provide financial flexibility for continued reactor development, licensing, acquisitions, and infrastructure investment. This capital base can support execution through lengthy commercialization cycles while reducing near-term reliance on borrowing.
Read all positive factors
Nano Nuclear Energy Inc. (NNE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$636.86M
Dividend YieldN/A
Average Volume (3M)2.02M
Price to Earnings (P/E)―
Beta (1Y)2.97
Revenue GrowthN/A
EPS Growth26.31%
CountryUS
Employees36
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-0.69
Shares Outstanding53,698,147
10 Day Avg. Volume1,972,582
30 Day Avg. Volume2,016,845
Financial Highlights & Ratios
PEG Ratio-0.21
Price to Book (P/B)6.57
Price to Sales (P/S)0.00
P/FCF Ratio-39.35
Enterprise Value/Market Cap0.83
Enterprise Value/Revenue2.47K
Enterprise Value/Gross Profit8.50K
Enterprise Value/Ebitda-11.55
Forecast
1Y Price Target
$34.67Price Target Upside80.18% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)-1.22
Revenue Forecast (FY)$7.29M
Nano Nuclear Energy Inc. Business Overview & Revenue Model
Company Description
NANO Nuclear Energy Inc. operates as a nuclear energy company. The company is developing KRONOS MMR Energy System, a high-temperature gas-cooled reactor; LOKI MMR, a compact microreactor designed for remote and specialized applications; ZEUS, a so...
Nano Nuclear Energy Inc. Earnings Call Summary
Earnings Call Date:Aug 12, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Dec 17, 2026
Earnings Call Sentiment Positive
The call communicated meaningful strategic and technical progress—NRC acceptance of the construction permit application, a strong liquidity position (~$580M), completed acquisition of STS, expanding commercial pipeline (BaRupOn feasibility, potential multi-gigawatt data-center framework, Supermicro MOU) and engineering advances—while acknowledging near-term financial impacts from higher operating expenses, significant investing outflows, modest current STS revenues, and ongoing regulatory and M&A execution risks. On balance, the call emphasized de-risking steps and commercialization pathways alongside transparent discussion of costs and timing uncertainty.Positive Updates
NRC Acceptance of Construction Permit Application
The NRC formally accepted NANO Nuclear's construction permit application for the KRONOS MMR at the University of Illinois, initiating formal review. NRC published expectations: environmental assessment in Q1 2027 and safety evaluation in Q3 2027, supporting management's expectation to begin initial construction in H2 2027 and targeting first power around 2030.
Negative Updates
Quarterly Net Loss Increased
Q3 net loss was $10.1 million compared to $7.6 million in the prior-year quarter, an increase of $2.5 million (+32.9%), driven by higher operating expenses (G&A and R&D) as development and licensing activities scale.
Read all updates
Q3-2026 Updates
Positive
Negative
NRC Acceptance of Construction Permit Application
The NRC formally accepted NANO Nuclear's construction permit application for the KRONOS MMR at the University of Illinois, initiating formal review. NRC published expectations: environmental assessment in Q1 2027 and safety evaluation in Q3 2027, supporting management's expectation to begin initial construction in H2 2027 and targeting first power around 2030.
Read all positive updates
Company Guidance
The company reiterated a clear near‑term regulatory and deployment roadmap — NRC accepted the UIUC construction permit application with an expected environmental assessment in Q1 2027 and a safety evaluation in Q3 2027, targeting initial construction in H2 2027 and first power around 2030 — and highlighted commercial momentum (a BaRupOn feasibility study for up to 1 GW and active talks with a potential multi‑gigawatt data‑center partner). Financially, NANO ended Q3 with approximately $580 million of liquidity (up ~$11 million QoQ), raised ≈$26 million net from its ATM, reported Q3 net loss of $10.1 million (vs. $7.6M prior year), year‑to‑date net loss of $25.8 million (vs. $32M prior year), operating expenses of $15.9 million, YTD net cash used in operating activities of $18.7 million and investing activities of $297.6 million (including ~$281M in short‑term investments, ~$10M in PP&E and ~$6M for the STS acquisition). Operationally, STS generated ~ $3.9 million of unaudited revenue in the first six months of 2026 (including ~$200k post‑close), headcount rose to 85 from 31 a year ago, and the company emphasized fuel and supply‑chain positioning (able to use LEU+ today and HALEU later without reactor redesign), potential non‑dilutive support (e.g., a 30% ITC plus incremental bonuses), SBIR awards with remaining 4 of 8 deliverables over the next 12–18 months, and ongoing M&A opportunities (one expected to add near‑term revenue, another with material revenue potential around 2030).Nano Nuclear Energy Inc. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
78
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 214.04K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 62.21K | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -45.77M | -44.36M | -10.47M | -6.25M | -1.03M |
| Net Income | -33.85M | -40.07M | -10.15M | -6.25M | -1.03M |
Balance Sheet | |||||
| Total Assets | 628.03M | 228.66M | 35.10M | 7.23M | 2.25M |
| Cash, Cash Equivalents and Short-Term Investments | 579.99M | 203.27M | 28.51M | 6.95M | 2.13M |
| Total Debt | 2.84M | 2.80M | 1.93M | 0.00 | 0.00 |
| Total Liabilities | 12.00M | 6.09M | 3.49M | 225.00K | 137.77K |
| Stockholders Equity | 616.03M | 222.57M | 31.61M | 7.01M | 2.11M |
Cash Flow | |||||
| Free Cash Flow | -39.50M | -37.15M | -10.16M | -3.87M | -621.50K |
| Operating Cash Flow | -23.57M | -19.62M | -8.46M | -3.87M | -621.50K |
| Investing Cash Flow | -302.26M | -17.52M | -3.70M | 0.00 | 0.00 |
| Financing Cash Flow | 414.14M | 211.90M | 33.72M | 8.69M | 2.75M |
Nano Nuclear Energy Inc. Technical Analysis
Negative
19.24
Price Trends
16.29
Negative
18.15
Negative
22.13
Negative
Market Momentum
-1.19
Positive
29.38
Positive
10.29
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NNE, the sentiment is Negative. The current price of 19.24 is above the 20-day moving average (MA) of 14.28, above the 50-day MA of 16.29, and below the 200-day MA of 22.13, indicating a bearish trend. The MACD of -1.19 indicates Positive momentum. The RSI at 29.38 is Positive, neither overbought nor oversold. The STOCH value of 10.29 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NNE.
Nano Nuclear Energy Inc. Risk Analysis
Nano Nuclear Energy Inc. disclosed 42 risk factors in its most recent earnings report. Nano Nuclear Energy Inc. reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Nano Nuclear Energy Inc. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $76.91B | 44.20 | 42.11% | 0.13% | 26.23% | 111.00% | |
64 Neutral | $60.29B | 114.30 | 39.60% | ― | 110.59% | 2341.67% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
50 Neutral | $636.86M | -17.19 | -6.66% | ― | ― | 26.31% | |
47 Neutral | $185.42M | -6.51 | -11.51% | ― | ― | 9.99% | |
45 Neutral | $916.28M | -3.34 | -22.15% | ― | 1.09% | 62.70% | |
45 Neutral | $2.26B | -2.05 | -31.82% | ― | -80.95% | -91.30% |
* Industrials Sector Average
NNE
Nano Nuclear Energy Inc.
11.86
-31.68
-72.76%
FCEL
Fuelcell Energy
11.46
3.57
45.25%
LTBR
Lightbridge
4.95
-18.84
-79.19%
BE
Bloom Energy
203.92
95.39
87.89%
VRT
Vertiv Holdings
199.78
7.08
3.68%
SMR
NuScale Power
5.27
-33.44
-86.39%
Nano Nuclear Energy Inc. Corporate Events
Business Operations and StrategyM&A TransactionsRegulatory Filings and Compliance
Nano Nuclear Announces Strategic Nuclear Fuel Asset Acquisition
Positive
Oct 2, 2026
On September 28, 2026, Nano Nuclear Energy Inc. and its subsidiary HALEU Energy Fuel entered an asset purchase agreement to acquire U.S. nuclear fuel processing assets from Radnostix Inc. and International Isotopes Fluorine Products. The package i...
Executive/Board ChangesShareholder Meetings
Nano Nuclear Energy Holds 2026 Virtual Stockholder Meeting
Positive
Sep 17, 2026
On September 15, 2026, Nano Nuclear Energy Inc. held its 2026 Annual Meeting of Stockholders virtually, with a quorum of approximately 36,425,627 shares of voting stock represented. The meeting addressed governance and oversight matters, reflectin...
Business Operations and StrategyFinancial DisclosuresM&A TransactionsRegulatory Filings and Compliance
Nano Nuclear Advances KRONOS Licensing and Strategic Partnerships
Positive
Aug 13, 2026
For the third fiscal quarter ended June 30, 2026, Nano Nuclear Energy reported that the U.S. Nuclear Regulatory Commission accepted for review its construction permit application to deploy the KRONOS MMR Energy System at the University of Illinois...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.