Nano Nuclear Energy: Regulatory Momentum, Growing Commercial Traction, and Strong Cash Position Create Attractive Buy Entry Point

Sameer Joshi, an analyst from H.C. Wainwright, maintained the Buy rating on Nano Nuclear Energy Inc.. The associated price target is $50.00.

Sameer Joshi has given his Buy rating due to a combination of factors tied to Nano Nuclear Energy’s advancing project pipeline and improved financial position. He highlights the company’s steady progress toward submitting a construction permit application for its KRONOS micro modular reactor to the U.S. Nuclear Regulatory Commission by early 2026, supported by recent site characterization and drilling work with AECOM and an approved fuel qualification methodology from the regulator. He also points to the parallel regulatory work in Canada, where Nano Nuclear is leveraging previously completed Phase 1 licensing efforts, effectively shortening the path toward formal site approval and future development.
In addition, Joshi notes growing commercial traction, including a feasibility study agreement to assess up to 1 GW of power deployment with KRONOS and a contract with AFWERX to explore siting a unit at a U.S. military installation, as well as a pipeline of prospective customers in AI data centers and other sectors. The company’s strengthened balance sheet, with cash rising to roughly $590 million after an equity financing, provides meaningful capital to fund development despite rising operating expenses and current losses. Joshi believes the share price does not fully reflect these regulatory and commercial milestones, viewing the recent weakness as an attractive entry point. He expects that continued execution and updates on licensing, partnerships, and customer development are likely to act as catalysts for a positive stock revaluation.