Standard Nuclear (NYSE:STDN) Upgraded to Moderate Buy at Needham & Company LLC

Key Points

• Needham & Company upgraded Standard Nuclear to “moderate buy.” The stock has broad analyst support, with nine Buy ratings and two Holds, and a consensus price target of $16.88.
• Other analysts set price targets ranging from $13 to $17, while Bank of America initiated coverage with a Buy rating and a $15 target; Wall Street Zen was the notable outlier with a Sell rating.
• Standard Nuclear recently missed quarterly expectations, reporting a loss of $0.12 per share versus the $0.04 expected and revenue of $1.64 million versus the $2.97 million consensus.

Standard Nuclear (NYSE:STDN - Get Free Report) was upgraded by research analysts at Needham & Company LLC to a "moderate buy" rating in a note issued to investors on Tuesday, Zacks reports.

A number of other analysts also recently issued reports on the company. Bank of America initiated coverage on Standard Nuclear in a research report on Monday, August 10th. They issued a "buy" rating and a $15.00 target price on the stock. CLSA upgraded Standard Nuclear to a "neutral" rating in a research note on Tuesday. Royal Bank Of Canada boosted their price target on Standard Nuclear from $11.00 to $13.00 and gave the stock an "outperform" rating in a research report on Friday, August 28th. Evercore assumed coverage on Standard Nuclear in a research note on Monday, August 10th. They set an "outperform" rating and a $17.00 price objective on the stock. Finally, Wall Street Zen downgraded Standard Nuclear from a "hold" rating to a "sell" rating in a report on Saturday, August 15th. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $16.88.

Standard Nuclear Stock Performance

NYSE:STDN opened at $15.14 on Tuesday. The stock's 50-day moving average price is $12.22. Standard Nuclear has a 52-week low of $7.05 and a 52-week high of $17.34. The company has a market capitalization of $2.37 billion and a P/E ratio of -126.17.

Standard Nuclear (NYSE:STDN - Get Free Report) last released its quarterly earnings results on Thursday, August 27th. The company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.08). The business had revenue of $1.64 million during the quarter, compared to analysts' expectations of $2.97 million. On average, research analysts anticipate that Standard Nuclear will post -0.43 EPS for the current year.

About Standard Nuclear

Standard Nuclear, Inc NYSE: STDN is a U.S.-based nuclear fuel company focused on the development and production of advanced fuels for next-generation reactors. Its activities center on specialized fuel technologies intended to support the deployment of advanced nuclear power systems.

The company's principal focus includes TRISO fuel, a form of coated particle fuel designed for high-temperature gas-cooled reactors and certain microreactor applications. Standard Nuclear is working to establish commercial-scale fuel manufacturing capabilities and support the broader advanced nuclear supply chain.

Standard Nuclear's operations are primarily oriented toward the U.S.

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