Deep Fission (NASDAQ:FISN) Stock Gets Downgrade from Wall Street Zen

Key Points

• Wall Street Zen downgraded Deep Fission from “sell” to “strong sell,” adding to mixed analyst coverage. Despite the downgrade, four analysts rate the stock Buy, with an average rating of “Moderate Buy” and an $18.20 price target.
• Deep Fission shares opened at $3.45, near their 52-week low of $3.40 and well below the 52-week high of $19.00. The company reported a quarterly loss of $0.56 per share, while analysts expect a full-year loss of $2.04 per share.
• Several institutional investors recently initiated positions, including Blue Owl Capital Holdings with a stake valued at $14.72 million. Deep Fission is developing deep-underground small modular nuclear reactors for utility and industrial power generation.

Deep Fission (NASDAQ:FISN - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "sell" rating to a "strong sell" rating in a research report issued on Saturday, Wall Street Zen reports.

FISN has been the topic of a number of other research reports. Benchmark initiated coverage on Deep Fission in a research note on Monday, July 13th. They issued a "buy" rating and a $20.00 target price on the stock. Weiss Ratings began coverage on Deep Fission in a research note on Monday, September 14th. They set a "sell (e-)" rating for the company. Maxim Group assumed coverage on Deep Fission in a report on Monday, August 31st. They set a "buy" rating and a $17.00 price target for the company. Roth Capital started coverage on Deep Fission in a report on Tuesday, September 22nd. They set a "buy" rating and a $18.00 price target for the company. Finally, Seaport Research Partners initiated coverage on Deep Fission in a research note on Tuesday, August 4th. They issued a "buy" rating and a $25.00 price target for the company. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $18.20.

Deep Fission Stock Down 5.5%

Shares of Deep Fission stock opened at $3.45 on Friday. The company has a fifty day moving average price of $6.62. Deep Fission has a fifty-two week low of $3.40 and a fifty-two week high of $19.00.

Deep Fission (NASDAQ:FISN - Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported ($0.56) earnings per share for the quarter. Equities analysts anticipate that Deep Fission will post -2.04 earnings per share for the current fiscal year.

Institutional Trading of Deep Fission

A number of hedge funds have recently bought and sold shares of FISN. Blue Owl Capital Holdings LP bought a new stake in Deep Fission in the second quarter valued at $14,720,000. Elevation Wealth Management LLC bought a new position in shares of Deep Fission during the second quarter valued at $3,294,000. Finally, Chapin Davis Inc. bought a new position in shares of Deep Fission during the second quarter valued at $210,000.

About Deep Fission

Deep Fission is a nuclear energy company developing deep-underground small modular reactor technology. Its concept involves placing compact pressurized-water reactors in deep boreholes, with the goal of using the surrounding geology to provide additional protection, containment and security.

The company's proposed reactors are designed to generate electricity below ground and support applications such as reliable power generation for utilities, industrial facilities and other large energy users.

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