Bank of New York Mellon Corp acquired a new stake in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 133,098 shares of the company's stock, valued at approximately $2,814,000. Bank of New York Mellon Corp owned 0.25% of Nano Nuclear Energy as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. SBI Securities Co. Ltd. lifted its holdings in Nano Nuclear Energy by 9.6% during the fourth quarter. SBI Securities Co. Ltd. now owns 4,369 shares of the company's stock worth $105,000 after buying an additional 381 shares during the period. US Bancorp DE increased its holdings in shares of Nano Nuclear Energy by 51.9% in the 3rd quarter. US Bancorp DE now owns 1,171 shares of the company's stock valued at $45,000 after acquiring an additional 400 shares during the period. Swiss National Bank increased its holdings in shares of Nano Nuclear Energy by 1.2% in the 3rd quarter. Swiss National Bank now owns 60,300 shares of the company's stock valued at $2,325,000 after acquiring an additional 700 shares during the period. Pine Valley Investments Ltd Liability Co raised its position in shares of Nano Nuclear Energy by 7.5% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 10,320 shares of the company's stock worth $211,000 after acquiring an additional 720 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Nano Nuclear Energy by 4.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 19,058 shares of the company's stock worth $390,000 after acquiring an additional 793 shares in the last quarter.
More Nano Nuclear Energy News
Here are the key news stories impacting Nano Nuclear Energy this week:
- Positive Sentiment: Microreactor and fuel-cycle collaboration: NNE signed a non-binding memorandum of understanding with Enveniam to explore nuclear-fuel transportation, conversion and deconversion, microreactor licensing and deployment, advanced manufacturing, and energy solutions for data centers and remote communities. The agreement could help NNE advance commercialization and infrastructure capabilities, but it does not yet represent a binding contract or revenue commitment. NANO Nuclear Energy and Enveniam Sign Memorandum of Understanding
- Positive Sentiment: KRONOS engineering milestone: NNE and Howden, a Baker Hughes business, advanced the primary helium circulator for the KRONOS MMR energy system into the detailed-design phase. The component is critical for moving helium coolant through the reactor core, marking additional progress toward technical and commercial readiness. NANO Nuclear and Howden Advance KRONOS MMR Design
- Neutral Sentiment: Optimistic analyst expectations: A consensus price target cited by Zacks implies approximately 129.9% potential upside. However, the article notes that price targets alone have limited predictive value; upward earnings-estimate revisions provide the more constructive signal. NNE remains unprofitable, with analysts expecting a full-year loss.
- Negative Sentiment: CEO share sale: CEO James Walker sold 25,000 shares worth approximately $444,250, reducing his direct ownership by 3.79%. The transaction was made under a pre-arranged Rule 10b5-1 plan, which lessens its significance but may still weigh on sentiment. NNE also trades well below its 12-month high and below its 50-day and 200-day moving averages, reflecting continued volatility and investor risk.
Wall Street Analysts Forecast Growth
NNE has been the subject of a number of analyst reports. Weiss Ratings restated a "sell (d-)" rating on shares of Nano Nuclear Energy in a research note on Friday, July 17th. Roth Capital initiated coverage on Nano Nuclear Energy in a research note on Wednesday, June 17th. They issued a "buy" rating and a $45.00 target price on the stock. New Street Research set a $45.00 target price on shares of Nano Nuclear Energy in a report on Thursday, August 13th. Truist Financial began coverage on shares of Nano Nuclear Energy in a research report on Monday, July 13th. They set a "hold" rating and a $22.00 price target for the company. Finally, Northland Securities set a $37.00 price target on shares of Nano Nuclear Energy in a report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $39.00.
Read Our Latest Stock Report on NNE
Insider Activity
In related news, CEO James Walker sold 25,000 shares of the stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $17.77, for a total value of $444,250.00. Following the completion of the transaction, the chief executive officer directly owned 635,000 shares of the company's stock, valued at $11,283,950. This trade represents a 3.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 18.61% of the stock is currently owned by company insiders.
Nano Nuclear Energy Price Performance
Nano Nuclear Energy stock opened at $17.72 on Monday. Nano Nuclear Energy Inc. has a 1-year low of $14.71 and a 1-year high of $60.87. The business has a fifty day moving average price of $18.26 and a 200-day moving average price of $22.26. The stock has a market capitalization of $951.56 million, a price-to-earnings ratio of -25.68 and a beta of 5.41.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last announced its earnings results on Wednesday, August 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.07. The business had revenue of $0.21 million for the quarter, compared to analyst estimates of $0.50 million. On average, equities research analysts anticipate that Nano Nuclear Energy Inc. will post -0.8 earnings per share for the current fiscal year.
About Nano Nuclear Energy
(
Free Report)
NANO Nuclear Energy, Inc is a microreactor and nuclear technology company, which provides supply energy services. Its products in technical development are ZEUS, a solid core battery reactor, and ODIN, a low-pressure coolant reactor. The company is founded by Jiang Yu in February, 2022 and is headquartered in New York, NY.
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