Zacks Research Upgrades Eagle Nuclear Energy (NASDAQ:NUCL) to "Hold"

Key Points

• Zacks Research upgraded Eagle Nuclear Energy to “Hold”, while analyst opinions remain mixed. The stock has a consensus “Moderate Buy” rating and an $11.50 target price, supported by HC Wainwright’s recent “Buy” initiation and opposed by Wall Street Zen’s “Sell” downgrade.
• NUCL shares opened at $6.76, down 0.6%, with a 52-week range of $4.55 to $14.22 and a market capitalization of approximately $200 million. The company reported a quarterly loss of $0.87 per share, and analysts forecast 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—establishing new positions during the second quarter.

Eagle Nuclear Energy (NASDAQ:NUCL - Get Free Report) was upgraded by research analysts at Zacks Research to a "hold" rating in a report issued on Thursday, Zacks reports.

Other equities analysts also recently issued reports about the stock. Wall Street Zen downgraded shares of Eagle Nuclear Energy from a "hold" rating to a "sell" rating in a research note on Saturday. HC Wainwright began coverage on Eagle Nuclear Energy in a research note on Wednesday. They issued a "buy" rating and a $11.50 target price for the company. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $11.50.

Eagle Nuclear Energy Trading Down 0.6%

Shares of NASDAQ NUCL opened at $6.76 on Thursday. The business has a fifty day moving average price of $7.01. Eagle Nuclear Energy has a 52 week low of $4.55 and a 52 week high of $14.22. The stock has a market capitalization of $199.96 million, a P/E ratio of -7.12 and a beta of 0.36.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Readystate Asset Management LP purchased a new position in Eagle Nuclear Energy in the second quarter worth about $796,000. Greenland Capital Management LP bought a new position in shares of Eagle Nuclear Energy during the 2nd quarter valued at $972,000. BlackRock Inc. bought a new position in Eagle Nuclear Energy in the second quarter valued at about $2,153,000. Alyeska Investment Group L.P. purchased a new position in shares of Eagle Nuclear Energy in the second quarter worth approximately $3,585,000. Finally, Lineage Point Capital LP purchased a new position in shares of Eagle Nuclear Energy during the 2nd quarter worth $5,752,000. Hedge funds and other institutional investors own 89.78% of the company's stock.

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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