Eagle Nuclear Energy (NASDAQ:NUCL) Downgraded to Sell Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Eagle Nuclear Energy from “hold” to “sell,” despite HC Wainwright initiating coverage with a “buy” rating and an $11.50 price target. The stock’s overall analyst consensus remains “buy.”
• Eagle Nuclear Energy shares opened at $6.76, with a market capitalization of approximately $200 million, and have traded between $4.55 and $14.22 over the past year. The company reported a quarterly loss of $0.87 per share, while analysts expect a full-year loss of $1.37 per share.
• Institutional ownership stands at 89.78%, with several hedge funds—including Lineage Point Capital, Alyeska Investment Group, and BlackRock—building new positions during the second quarter.

Eagle Nuclear Energy (NASDAQ:NUCL - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Saturday, Wall Street Zen reports.

Separately, HC Wainwright initiated coverage on shares of Eagle Nuclear Energy in a report on Wednesday. They set a "buy" rating and a $11.50 price objective for the company. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Eagle Nuclear Energy has an average rating of "Buy" and an average target price of $11.50.

Eagle Nuclear Energy Stock Down 0.6%

Shares of NASDAQ NUCL opened at $6.76 on Friday. The firm has a market capitalization of $199.96 million, a price-to-earnings ratio of -7.12 and a beta of 0.36. Eagle Nuclear Energy has a one year low of $4.55 and a one year high of $14.22. The company has a fifty day moving average price of $7.01.

Eagle Nuclear Energy (NASDAQ:NUCL - Get Free Report) last posted its quarterly earnings results on Monday, July 20th. The nuclear energy company reported ($0.87) earnings per share for the quarter. On average, equities analysts anticipate that Eagle Nuclear Energy will post -1.37 EPS for the current year.

Hedge Funds Weigh In On Eagle Nuclear Energy

Hedge funds have recently modified their holdings of the stock. Lineage Point Capital LP acquired a new stake in Eagle Nuclear Energy in the 2nd quarter valued at $5,752,000. Alyeska Investment Group L.P. bought a new position in shares of Eagle Nuclear Energy during the second quarter valued at $3,585,000. BlackRock Inc. bought a new position in shares of Eagle Nuclear Energy during the second quarter valued at $2,153,000. Greenland Capital Management LP acquired a new stake in shares of Eagle Nuclear Energy in the 2nd quarter valued at $972,000. Finally, Readystate Asset Management LP acquired a new stake in shares of Eagle Nuclear Energy in the 2nd quarter valued at $796,000. 89.78% of the stock is owned by institutional investors and hedge funds.

About Eagle Nuclear Energy

Eagle Nuclear Energy Corp. operates as a mining and exploration company focused on mineral exploration and development in North America. The company is a nuclear energy company that combines domestic uranium exploration with proprietary Small Modular Reactor (SMR) technology. It also develops modular nuclear reactors to provide power for industrial and grid applications. The company was founded in 2023 and is headquartered in Reno, Nevada.

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