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Nano Nuclear Energy Inc.
(NASDAQ:NNE)
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Rating:58Neutral
Price Target:
$20.50
▲(6.55% Upside)
Action:Reiterated
Date:08/18/26
The score is primarily constrained by weak current financial performance (minimal revenue, significant losses, and ongoing cash burn), partially offset by a very strong balance sheet and a constructive earnings update highlighting regulatory progress and a clear deployment roadmap. Technical signals are mixed with elevated volatility, and valuation is penalized due to negative earnings and no dividend support.
Positive Factors
Strong Balance Sheet
Minimal leverage and substantial equity provide funding capacity for reactor development, licensing and strategic investment. This financial cushion can help Nano Nuclear sustain its long commercialization cycle without immediate dependence on heavy borrowing.
Negative Factors
Minimal Revenue and Deep Losses
The core business remains at an early commercial stage, with revenue far below operating costs and substantial net losses. Until reactor or related businesses scale, earnings visibility is weak and the company remains highly dependent on continued capital support.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Balance Sheet
Minimal leverage and substantial equity provide funding capacity for reactor development, licensing and strategic investment. This financial cushion can help Nano Nuclear sustain its long commercialization cycle without immediate dependence on heavy borrowing.
Read all positive factors
Nano Nuclear Energy Inc. (NNE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$993.42M
Dividend YieldN/A
Average Volume (3M)2.49M
Price to Earnings (P/E)―
Beta (1Y)3.85
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. Volume2,104,134
30 Day Avg. Volume2,486,051
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$43.40Price Target Upside125.57% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)-0.81
Revenue Forecast (FY)$1.68M
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...
How the Company Makes Money
null...
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 | -45.41M | -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
Positive
19.24
Price Trends
19.06
Positive
22.07
Negative
25.50
Negative
Market Momentum
0.07
Negative
52.41
Neutral
44.04
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NNE, the sentiment is Positive. The current price of 19.24 is above the 20-day moving average (MA) of 18.62, above the 50-day MA of 19.06, and below the 200-day MA of 25.50, indicating a neutral trend. The MACD of 0.07 indicates Negative momentum. The RSI at 52.41 is Neutral, neither overbought nor oversold. The STOCH value of 44.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
64 Neutral | C$64.92B | 180.20 | 5.09% | 0.19% | -2.68% | -33.51% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | $14.03B | 40.17 | 27.92% | 0.60% | 22.70% | 20.60% | |
62 Neutral | $103.86M | 19.81 | 8.25% | ― | -3.31% | ― | |
58 Neutral | $993.42M | -27.88 | -6.66% | ― | ― | 26.31% | |
52 Neutral | $3.98B | -3.80 | -31.82% | ― | -80.95% | -91.30% | |
35 Underperform | $14.52M | -0.05 | 227.38% | ― | 9927.65% | 87.32% |
* Industrials Sector Average
NNE
Nano Nuclear Energy Inc.
17.97
-14.57
-44.78%
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Nano Nuclear Energy Inc. Corporate Events
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...
Business Operations and StrategyProduct-Related AnnouncementsRegulatory Filings and Compliance
Nano Nuclear Advances KRONOS Microreactor in NRC Review
Positive
Jun 25, 2026
Nano Nuclear Energy said it is advancing its KRONOS MMR microreactor program as the U.S. Nuclear Regulatory Commission has begun formal review of the construction permit application for a research reactor deployment at the University of Illinois U...
Business Operations and StrategyExecutive/Board Changes
Nano Nuclear Energy Reshuffles Technical Leadership Roles
Negative
Jun 25, 2026
On June 22, 2026, Nano Nuclear Energy Inc. terminated the employment of Dr. Florent Heidet as Chief Technology Officer and Head of Reactor Development, ending his March 6, 2025 employment agreement except for surviving provisions. The move, unanim...
Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresM&A Transactions
Nano Nuclear Completes STS Acquisition, Expands Fuel Logistics
Positive
May 29, 2026
Nano Nuclear Energy Inc. and its transportation subsidiary Advanced Fuel Transportation Inc. acquired 100% of Secured Transportation Services LLC (STS) on May 22, 2026, for consideration valued at up to $13 million, combining cash and restricted s...
Business Operations and StrategyRegulatory Filings and Compliance
NRC Accepts Nano Nuclear KRONOS Microreactor Permit
Positive
May 20, 2026
Nano Nuclear Energy, a developer of advanced micro modular reactors and nuclear fuel infrastructure, is expanding across five business lines spanning microreactor technologies, HALEU fuel supply and transport, space nuclear applications and indust...
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.