Analyst Subash Chandra of Benchmark Co. maintained a Buy rating on Nano Nuclear Energy Inc., retaining the price target of $45.00.
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Subash Chandra has given his Buy rating due to a combination of factors that underscore Nano Nuclear Energy Inc.’s strong execution and future growth potential. He notes that the company met all of its key 2025 objectives, including site preparation and financing, and even delivered upside through its Canadian subsidiary, positioning it well for regulatory and commercial progress. Looking ahead, Chandra highlights the planned filing of a construction permit with the NRC for the Kronos reactor at the University of Illinois in early 2026 as a pivotal milestone, alongside the expectation that the company will build out strategic partnerships similar to its agreement with data center operator BaRupOn.
Chandra also points to NNE’s strategy of moving toward vertical integration in nuclear fuel processing and consulting services as an important value driver that can differentiate the company’s business model over time. He underscores that initial steps into areas like uranium conversion and related technologies may face fewer regulatory hurdles and could open up attractive adjacent revenue streams, including potential acquisitions of nuclear consulting capabilities. Finally, he emphasizes the company’s very strong balance sheet, with over $500 million in cash and a fully funded test reactor capex plan, which reduces financing risk and supports the execution of both U.S. and Canadian reactor projects at an estimated first-of-a-kind cost of roughly $300–$350 million each.
In another report released today, H.C. Wainwright also reiterated a Buy rating on the stock with a $50.00 price target.