Nano Nuclear Energy Inc. (NNE)
NASDAQ:NNE
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Nano Nuclear Energy Inc.
(NASDAQ:NNE)
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Rating:52Neutral
Price Target:
$23.50
▼(-9.09% Downside)
Action:Reiterated
Date:06/04/26
The score is held back primarily by weak financial performance (no revenue, significant losses, and sustained cash burn) and limited valuation support (negative P/E). Offsetting this, the latest earnings call was broadly constructive with clear regulatory/project milestones and a strong cash position, while technicals are mixed with modest momentum but a weak longer-term trend versus the 200-day average.
Positive Factors
Strong liquidity and capital optionality
A roughly $569M cash position and an unused $900M shelf materially reduce near-term financing risk while the company advances licensing and long‑lead procurements. This liquidity supports multi-year development, enables strategic M&A or buyouts, and funds construction prep through NRC review timelines.
Negative Factors
Pre-revenue operations and widening losses
The company remains pre‑revenue with escalating net losses, indicating the capital base is not yet producing commercial returns. Persistent negative earnings erode reserves over time and increase dependence on external funding to sustain development, licensing, and eventual commercialization efforts.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong liquidity and capital optionality
A roughly $569M cash position and an unused $900M shelf materially reduce near-term financing risk while the company advances licensing and long‑lead procurements. This liquidity supports multi-year development, enables strategic M&A or buyouts, and funds construction prep through NRC review timelines.
Read all positive factors
Nano Nuclear Energy Inc. (NNE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.21B
Dividend YieldN/A
Average Volume (3M)3.00M
Price to Earnings (P/E)―
Beta (1Y)3.98
Revenue GrowthN/A
EPS Growth23.36%
CountryUS
Employees5
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)-0.69
Shares Outstanding52,083,294
10 Day Avg. Volume3,603,703
30 Day Avg. Volume2,999,720
Financial Highlights & Ratios
PEG Ratio-0.21
Price to Book (P/B)6.57
Price to Sales (P/S)0.00
P/FCF Ratio-39.35
Enterprise Value/Market Cap0.83
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/Ebitda-22.41
Forecast
1Y Price Target
$47.50Price Target Upside83.75% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)-1.09
Revenue Forecast (FY)N/A
Nano Nuclear Energy Inc. Business Overview & Revenue Model
Company Description
Nano Nuclear Energy Inc. focuses on pioneering microreactor technology. The company is currently developing two distinct reactor designs: ZEUS, which is a solid-core battery reactor, and ODIN, a reactor employing a low-pressure coolant system. Fur...
How the Company Makes Money
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Nano Nuclear Energy Inc. Earnings Call Summary
Earnings Call Date:May 14, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Aug 13, 2026
Earnings Call Sentiment Positive
The call emphasized meaningful technical and commercial milestones — notably the CPA submission to the NRC, a completed 1 GW feasibility study and several strategic MOUs — supported by a solid cash position and shelf registration. These positives were balanced by rising operating expenses, a QoQ increase in net loss, a large reallocation of cash into short‑term investments, unresolved supply‑chain/transportation execution items and the inherent timing and execution risk associated with regulatory reviews and prospective commercial agreements. Overall, the tone is constructive and milestone‑driven but acknowledges near‑term cost increases and remaining execution risks.Positive Updates
Construction Permit Application (CPA) Submitted to U.S. NRC
Nano's KRONOS MMR CPA was formally submitted to the U.S. NRC (by the University of Illinois), making Nano one of only a handful of Gen‑4 developers at this stage and the first commercially ready microreactor to submit a CPA. The company expects a ~12‑month NRC review period following acceptance and targets initial construction activities in mid‑ to late‑2027, validating design maturity and advancing the program from engineering to potential construction.
Negative Updates
Q2 Net Loss Increased QoQ and Expenses Expected to Rise
Q2 net loss totaled $9.2M, an increase of approximately $3M versus the prior quarter (≈48% QoQ increase using the stated change), driven by higher headcount and associated expenses to advance development and licensing. Management expects expenses to trend higher as the team scales and long‑lead procurement begins.
Read all updates
Q2-2026 Updates
Positive
Negative
Construction Permit Application (CPA) Submitted to U.S. NRC
Nano's KRONOS MMR CPA was formally submitted to the U.S. NRC (by the University of Illinois), making Nano one of only a handful of Gen‑4 developers at this stage and the first commercially ready microreactor to submit a CPA. The company expects a ~12‑month NRC review period following acceptance and targets initial construction activities in mid‑ to late‑2027, validating design maturity and advancing the program from engineering to potential construction.
Read all positive updates
Company Guidance
Management's guidance emphasized near‑term regulatory and project milestones and clear financial positioning: the University of Illinois construction permit application (filed end‑March) is expected to be accepted imminently, triggering an approximate 12‑month NRC review and enabling potential initial construction in mid‑ to late‑2027; the first‑of‑a‑kind UIUC KRONOS capital estimate remains roughly $300–$350 million (supported by >$120 million of historical investment) and KRONOS can be scaled to supply up to 1 GW in stages per the BaRupOn feasibility study. Financially, Q2 cash, cash equivalents and short‑term investments totaled ~$569 million, Q2 net loss was $9.2 million (≈$3 million higher sequentially, ≈$12 million lower YoY), YTD net cash used in operations was ~$9.3 million (≈$4 million higher YoY) and YTD net cash used in investing was ~$381 million (≈$368 million higher YoY, driven by ~ $371 million increase in short‑term investments); a $900 million shelf (including a $400 million ATM) is effective but unused. Management expects expenses to trend higher as hiring and long‑lead procurements ramp, is pursuing nondilutive funding and M&A/partnerships to de‑risk supply chain and transportation, and sees Part 57/53 regulatory reforms as important enablers for fleet‑scale deployment (commercial scale targeted by 2030).Nano Nuclear Energy Inc. Financial Statement Overview
Summary
Income Statement
9
Very Negative
Balance Sheet
62
Positive
Cash Flow
14
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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -44.89M | -44.36M | -10.47M | -6.25M | -1.03M |
| Net Income | -31.34M | -40.07M | -10.15M | -6.25M | -1.03M |
Balance Sheet | |||||
| Total Assets | 603.92M | 228.66M | 35.10M | 7.23M | 2.25M |
| Cash, Cash Equivalents and Short-Term Investments | 568.67M | 203.27M | 28.51M | 6.95M | 2.13M |
| Total Debt | 2.60M | 2.80M | 1.93M | 0.00 | 0.00 |
| Total Liabilities | 8.03M | 6.09M | 3.49M | 225.00K | 137.77K |
| Stockholders Equity | 595.89M | 222.57M | 31.61M | 7.01M | 2.11M |
Cash Flow | |||||
| Free Cash Flow | -38.29M | -37.15M | -10.16M | -3.87M | -621.50K |
| Operating Cash Flow | -23.26M | -19.62M | -8.46M | -3.87M | -621.50K |
| Investing Cash Flow | -385.32M | -17.52M | -3.70M | 0.00 | 0.00 |
| Financing Cash Flow | 487.72M | 211.90M | 33.72M | 8.69M | 2.75M |
Nano Nuclear Energy Inc. Technical Analysis
Neutral
25.85
Price Trends
25.04
Positive
25.33
Negative
31.26
Negative
Market Momentum
-0.44
Positive
49.15
Neutral
26.51
Neutral
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 25.83, above the 50-day MA of 25.04, and below the 200-day MA of 31.26, indicating a neutral trend. The MACD of -0.44 indicates Positive momentum. The RSI at 49.15 is Neutral, neither overbought nor oversold. The STOCH value of 26.51 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
69 Neutral | C$61.42B | 100.27 | 9.47% | 0.19% | 7.48% | 161.48% | |
68 Neutral | $17.72B | 51.58 | 27.91% | 0.56% | 21.39% | 19.25% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | $97.83M | 18.06 | 7.92% | ― | 9.07% | ― | |
52 Neutral | $1.21B | -41.33 | -7.62% | ― | ― | 23.36% | |
| ― | $26.73M | -0.08 | 227.38% | ― | 595.90% | 80.30% | |
51 Neutral | $3.61B | -4.52 | -40.01% | ― | -61.93% | -66.79% |
* Industrials Sector Average
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Nano Nuclear Energy Inc. Corporate Events
Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresM&A Transactions
Nano Nuclear Completes STS Acquisition, Expands Fuel Logistics
Positive
May 29, 2026
Nano Nuclear Energy Inc. and its transportation subsidiary Advanced Fuel Transportation Inc. acquired 100% of Secured Transportation Services LLC (STS) on May 22, 2026, for consideration valued at up to $13 million, combining cash and restricted s...
Business Operations and StrategyRegulatory Filings and Compliance
NRC Accepts Nano Nuclear KRONOS Microreactor Permit
Positive
May 20, 2026
Nano Nuclear Energy, a developer of advanced micro modular reactors and nuclear fuel infrastructure, is expanding across five business lines spanning microreactor technologies, HALEU fuel supply and transport, space nuclear applications and indust...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Nano Nuclear Highlights KRONOS MMR Progress and Liquidity
Positive
May 15, 2026
On May 14, 2026, Nano Nuclear Energy reported financial results for the six months ended March 31, 2026, and detailed progress on its KRONOS MMR microreactor program, highlighted by the University of Illinois submitting a construction permit appli...
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...
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.