Benchmark Co. analyst Subash Chandra has maintained their bullish stance on NNE stock, giving a Buy rating on March 28.
Subash Chandra has given his Buy rating due to a combination of factors that highlight Nano Nuclear Energy Inc.’s strategic advancements and potential for growth. The company is making significant progress with its technical teams, especially for the portable Odin and Zeus reactors, while also advancing the development of the Kronos microreactor. This progress is vital as they aim to secure construction licenses in the US and Canada, which could expedite the demonstration of a fully functioning system.
Furthermore, Nano Nuclear Energy’s strategic moves, such as their investment in LIS Technologies and the development of a LEU+ and HALEU supply chain, are crucial for the future of advanced reactors. The potential cost advantages of commercializing laser isotope separation for uranium enrichment add to the company’s promising outlook. These strategic initiatives position Nano Nuclear Energy Inc. favorably in the market, justifying the Buy rating.
In another report released on March 28, H.C. Wainwright also reiterated a Buy rating on the stock with a $50.00 price target.