Texas Capital initiated coverage of Nano Nuclear Energy (NNE) with a Buy rating and $49 price target The firm says Nano provides “differentiated exposure” to the advanced nuclear energy sector. The company’s flagship reactor, the Kronos MMR, is a high-temperature gas-cooled microreactor that is walk-away safe, offers high efficiencies, and can operate without high-assay low-enriched uranium, the analyst tells investors in a research note. Texas views Nano Nuclear as an “underappreciated future leader” in the advanced nuclear power industry.
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