Nano Nuclear Energy Inc. (NNE)
NASDAQ:NNE
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Nano Nuclear Energy Inc.
(NASDAQ:NNE)
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Rating:56Neutral
Price Target:
$28.00
▲(8.32% Upside)
Action:ReiteratedDate:04/23/26
Overall score reflects a high-risk, early-stage financial profile (pre-revenue, ongoing losses and cash burn) that is partially offset by a supportive earnings-call outlook (strong cash runway and defined licensing/commercial milestones) and moderately improving near-term technicals. Valuation provides limited support due to negative earnings and no dividend.
Positive Factors
Strong cash runway
A >$575M cash balance materially extends the company’s ability to fund licensing, engineering, and early demonstration activities without immediate capital raises. That durability reduces near-term dilution risk and gives management time to meet regulatory milestones and prove the technology before needing large external funding.
Negative Factors
Pre-revenue cash burn
Being pre-revenue with ongoing operating and free‑cash‑flow deficits means the business must rely on financing or partner funding until commercial sales occur. Even with current cash, sustained negative cash flow makes long-term sustainability dependent on achieving regulatory and commercial milestones on schedule.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash runway
A >$575M cash balance materially extends the company’s ability to fund licensing, engineering, and early demonstration activities without immediate capital raises. That durability reduces near-term dilution risk and gives management time to meet regulatory milestones and prove the technology before needing large external funding.
Read all positive factors
Nano Nuclear Energy Inc. (NNE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.34B
Dividend YieldN/A
Average Volume (3M)2.02M
Price to Earnings (P/E)―
Beta (1Y)3.67
Revenue GrowthN/A
EPS Growth-170.62%
CountryUS
Employees5
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)-0.13
Shares Outstanding52,083,195
10 Day Avg. Volume2,360,055
30 Day Avg. Volume2,016,669
Financial Highlights & Ratios
PEG Ratio-0.21
Price to Book (P/B)6.57
Price to Sales (P/S)0.00
P/FCF Ratio-0.05
Enterprise Value/Market Cap0.27
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit-406.77
Enterprise Value/Ebitda-7.39
Forecast
1Y Price Target
$48.00Price Target Upside85.69% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)-1.04
Revenue Forecast (FY)N/A
Nano Nuclear Energy Inc. Business Overview & Revenue Model
Company Description
NANO Nuclear Energy Inc. operates as a microreactor technology company. The company is developing ZEUS, a solid-core battery reactor, and ODIN, a low-pressure coolant reactor. It is also developing a high-assay low-enriched uranium fabrication fac...
How the Company Makes Money
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Nano Nuclear Energy Inc. Earnings Call Summary
Earnings Call Date:Feb 12, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:May 15, 2026
Earnings Call Sentiment Positive
The call emphasized substantial progress across licensing preparation, strategic partnerships, vertical integration of the fuel supply chain and a materially strengthened balance sheet following a $400M private placement. Management highlighted technical differentiation and multiple commercial engagements (including a feasibility study for up to 1 GW). Key risks disclosed include growing operating expenses and operating losses, constrained long‑lead fuel and graphite supply chains, and regulatory/timing uncertainty for licensing and first‑of‑a‑kind deployment. On balance the positives (strong cash runway, clear licensing milestones, partnerships and technology maturity) outweigh the risks, though execution and supply‑chain constraints remain important near‑ to mid‑term challenges.Positive Updates
Strong Cash Position and Successful Capital Raise
Ended Q1 with $577.5M in cash and cash equivalents, an increase of approximately $374M during the quarter driven by gross proceeds of $400M from an October 2025 private placement. Interest income on the larger cash balance contributed roughly $5M, helping reduce reported net loss.
Negative Updates
Operating Losses and Rising Expenses
Q1 loss from operations was $11.6M. Q1 net loss totaled $6.5M, up approximately $3.0M year-over-year (prior period implied ~$3.5M), an increase of roughly 86% YoY. Management attributed the higher loss to an approximate $8M increase in operating expenses related primarily to KRONOS advancement and strategic growth activities.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Cash Position and Successful Capital Raise
Ended Q1 with $577.5M in cash and cash equivalents, an increase of approximately $374M during the quarter driven by gross proceeds of $400M from an October 2025 private placement. Interest income on the larger cash balance contributed roughly $5M, helping reduce reported net loss.
Read all positive updates
Company Guidance
On the call Nano provided explicit near‑term program and financial guidance: management expects to submit a construction‑permit application to the NRC in the coming months (on track for H1 2026) under the Part 50 pathway, target construction start in mid‑ to late‑2027 and a full‑scale prototype online around 2030 (while noting possible licensing acceleration if NRC timelines shorten from ~18 to ~12 months); commercial activity includes a feasibility study with BaRupOn to evaluate up to 1 GW of KRONOS capacity and customer power needs ranging from <50 MW to >1 GW; Q1 financials showed cash and cash equivalents of $577.5M (up ~ $374M in the quarter following a $400M October private placement), Q1 loss from operations of $11.6M, Q1 net loss of $6.5M (≈$3M worse Y/Y), ~ $5M interest income, net cash used in operations of $4M and investing of $3.1M; program and supply‑chain metrics highlighted include a prior ~$120M invested in KRONOS design, a $6.8M Illinois incentive award, LIS Technologies’ plan to invest $1.38B over time in an Oak Ridge enrichment facility and active engagement with TRISO fuel and enrichment suppliers (noting only ~3 nuclear‑grade graphite producers globally), all of which management said derisks timelines and supports multiple potential 2026 catalysts (licensing submissions, commercial announcements, partnerships and fuel‑cycle M&A).Nano Nuclear Energy Inc. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
66
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -878.71K | -650.74K | -106.92K | 0.00 | 0.00 |
| EBITDA | -48.36M | -39.42M | -10.47M | -6.25M | -1.03M |
| Net Income | -43.47M | -40.07M | -10.15M | -6.25M | -1.03M |
Balance Sheet | |||||
| Total Assets | 606.06M | 228.66M | 35.10M | 7.23M | 2.25M |
| Cash, Cash Equivalents and Short-Term Investments | 577.81M | 203.27M | 28.51M | 6.95M | 2.13M |
| Total Debt | 2.69M | 2.80M | 1.93M | 0.00 | 0.00 |
| Total Liabilities | 6.48M | 6.09M | 3.49M | 225.00K | 137.77K |
| Stockholders Equity | 599.58M | 222.57M | 31.61M | 7.01M | 2.11M |
Cash Flow | |||||
| Free Cash Flow | -13.25B | -28.07B | -10.16M | -3.87M | -621.50K |
| Operating Cash Flow | -9.62B | -19.62B | -8.46M | -3.87M | -621.50K |
| Investing Cash Flow | -3.07B | -17.52B | -3.70M | 0.00 | 0.00 |
| Financing Cash Flow | 381.44B | 211.90B | 33.72M | 8.69M | 2.75M |
Nano Nuclear Energy Inc. Technical Analysis
Neutral
25.85
Price Trends
23.74
Positive
27.95
Negative
33.11
Negative
Market Momentum
0.13
Negative
62.21
Neutral
85.47
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NNE, the sentiment is Neutral. The current price of 25.85 is above the 20-day moving average (MA) of 21.77, above the 50-day MA of 23.74, and below the 200-day MA of 33.11, indicating a neutral trend. The MACD of 0.13 indicates Negative momentum. The RSI at 62.21 is Neutral, neither overbought nor oversold. The STOCH value of 85.47 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for NNE.
Nano Nuclear Energy Inc. Risk Analysis
Nano Nuclear Energy Inc. disclosed 42 risk factors in its most recent earnings report. Nano Nuclear Energy Inc. reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Nano Nuclear Energy Inc. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | C$73.11B | 92.81 | 8.76% | 0.19% | 11.04% | 243.01% | |
64 Neutral | $20.34B | 47.98 | 27.65% | 0.56% | 18.29% | 16.68% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
56 Neutral | $1.34B | -45.88 | -14.73% | ― | ― | -170.62% | |
54 Neutral | $61.55M | 12.35 | 8.34% | ― | 10.42% | 316.97% | |
| ― | $43.21M | -0.32 | 209.77% | ― | -100.00% | 86.00% | |
55 Neutral | $4.34B | -6.52 | -41.93% | ― | -15.02% | -53.66% |
* Industrials Sector Average
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Nano Nuclear Energy Inc. Corporate Events
Business Operations and StrategyProduct-Related Announcements
Nano Nuclear Advances KRONOS Microreactor with New DOE Support
Positive
Apr 9, 2026
On April 9, 2026, Nano Nuclear Energy Inc. announced it had been awarded a U.S. Department of Energy Gateway for Accelerated Innovations in Nuclear voucher in collaboration with Oak Ridge National Laboratory to support development of its KRONOS MM...
Business Operations and Strategy
Nano Nuclear Advances UF6 Production Proposal in Argentina
Positive
Apr 8, 2026
In August 2025, Nano Nuclear Energy Inc. signed a non-binding Memorandum of Understanding with Argentina’s state-owned nuclear fuel company Dioxitek S.A. to evaluate that country’s natural uranium conversion capacity and supporting inf...
Business Operations and StrategyRegulatory Filings and Compliance
Nano Nuclear Advances KRONOS Microreactor to NRC Review
Positive
Apr 6, 2026
On April 2, 2026, Nano Nuclear Energy announced that The Grainger College of Engineering at the University of Illinois Urbana-Champaign submitted a Construction Permit Application to the U.S. Nuclear Regulatory Commission for deployment of the KRO...
Business Operations and StrategyExecutive/Board Changes
Nano Nuclear Energy Formalizes Long-Term Executive Employment Agreements
Positive
Feb 5, 2026
On January 31, 2026, Nano Nuclear Energy Inc. formalized the roles of Chief Executive Officer James Walker and Chief Financial Officer Jaisun Garcha under Canadian employment law through new three-year employment agreements effective January 1, 20...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.