Nano Nuclear Energy Appoints Rick Perry as Chairman

Nano Nuclear Energy Inc. ( (NNE) ) has provided an update.

On June 10, 2025, NANO Nuclear Energy Inc. announced the appointment of Rick Perry, former Governor of Texas and U.S. Secretary of Energy, as Chairman of its Executive Advisory Board. This strategic move is expected to enhance the company’s positioning in the nuclear energy sector, leveraging Perry’s extensive experience and network to advance NANO Nuclear’s reactor programs and nuclear technology innovations, particularly in response to rising energy demands.

The most recent analyst rating on (NNE) stock is a Buy with a $50.00 price target. To see the full list of analyst forecasts on Nano Nuclear Energy Inc. stock, see the NNE Stock Forecast page.

Spark’s Take on NNE Stock

According to Spark, TipRanks’ AI Analyst, NNE is a Underperform.

Nano Nuclear Energy Inc. faces significant challenges due to its lack of revenue and high operational losses. Financial performance is weak, with a heavy reliance on equity financing and negative cash flow. Technical analysis suggests some potential for upward movement, but overall market trends are bearish. The company’s valuation is unattractive due to a negative P/E ratio and high volatility. However, the strategic appointment of a new CTO could improve the company’s innovation capabilities and future prospects.

To see Spark’s full report on NNE stock, click here.

More about Nano Nuclear Energy Inc.

NANO Nuclear Energy Inc. is an advanced technology-driven nuclear energy company aiming to become a commercially focused, diversified, and vertically integrated entity across five business lines: portable and microreactor technologies, nuclear fuel fabrication, nuclear fuel transportation, nuclear applications for space, and nuclear industry consulting services. It is the first portable nuclear microreactor company to be publicly listed in the U.S.

Average Trading Volume: 2,593,280

Technical Sentiment Signal: Strong Buy

Current Market Cap: $1.17B

Find detailed analytics on NNE stock on TipRanks’ Stock Analysis page.