Eagle Nuclear Energy (NASDAQ:NUCL) Stock Rating Raised to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Eagle Nuclear Energy from “sell” to “hold,” while Zacks Research also assigned a “hold” rating. HC Wainwright remains bullish with a “buy” rating and an $11.50 price target, giving the stock an overall “Moderate Buy” consensus.
• Eagle Nuclear Energy shares opened at $6.16, compared with a 12-month range of $4.55 to $14.22, and the company reported a quarterly loss of $0.87 per share. Analysts expect a full-year loss of $1.37 per share.
• Institutional ownership stands at 89.78%, with several major investment firms—including BlackRock and Alyeska Investment Group—building new positions. Eagle Nuclear Energy is a SPAC seeking a nuclear-energy-related business combination and has not yet completed an operating transaction.

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

A number of other research firms also recently issued reports on NUCL. Zacks Research raised shares of Eagle Nuclear Energy to a "hold" rating in a research note on Thursday, September 3rd. HC Wainwright began coverage on Eagle Nuclear Energy in a research report on Wednesday, September 2nd. They set a "buy" rating and a $11.50 price objective on the stock. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, Eagle Nuclear Energy has an average rating of "Moderate Buy" and an average price target of $11.50.

Eagle Nuclear Energy Trading Up 0.8%

Shares of Eagle Nuclear Energy stock opened at $6.16 on Friday. Eagle Nuclear Energy has a 12-month low of $4.55 and a 12-month high of $14.22. The stock has a market cap of $182.21 million, a P/E ratio of -6.48 and a beta of 0.36. The firm's fifty day moving average is $6.65.

Eagle Nuclear Energy (NASDAQ:NUCL - Get Free Report) last posted its earnings results on Monday, July 20th. The nuclear energy company reported ($0.87) EPS for the quarter. As a group, sell-side analysts expect that Eagle Nuclear Energy will post -1.37 EPS for the current fiscal year.

Hedge Funds Weigh In On Eagle Nuclear Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp purchased a new stake in shares of Eagle Nuclear Energy in the 2nd quarter worth about $705,000. Readystate Asset Management LP bought a new position in shares of Eagle Nuclear Energy in the 2nd quarter worth about $796,000. Greenland Capital Management LP purchased a new position in Eagle Nuclear Energy during the 2nd quarter valued at about $972,000. BlackRock Inc. purchased a new position in Eagle Nuclear Energy during the 2nd quarter valued at about $2,153,000. Finally, Alyeska Investment Group L.P. bought a new stake in Eagle Nuclear Energy during the second quarter worth about $3,585,000. Hedge funds and other institutional investors own 89.78% of the company's stock.

About Eagle Nuclear Energy

Eagle Nuclear Energy, Inc NASDAQ: NUCL is a special purpose acquisition company (SPAC) focused on opportunities in the nuclear energy industry. The company was formed to identify and complete a business combination, such as a merger, stock purchase, or asset acquisition, with a target operating in nuclear power or a related sector.

As a SPAC, Eagle Nuclear Energy does not currently operate a conventional business or offer its own nuclear energy products and services. Its prospective activities may include evaluating companies involved in nuclear generation, advanced reactor technologies, nuclear fuel, or related infrastructure, although the company has not disclosed a completed transaction that would establish such operations.

The company is incorporated in the United States and was established as a blank-check entity.

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