Invesco Ltd. Makes New $320,000 Investment in Nano Nuclear Energy Inc. $NNE

Key Points

• Invesco Ltd. has acquired a new stake in Nano Nuclear Energy Inc. worth approximately $320,000 by purchasing 12,093 shares in the first quarter.
• Barclays PLC and Northern Trust Corp also significantly increased their holdings in Nano Nuclear Energy during the fourth quarter, showcasing growing institutional interest in the company.
• The stock currently has a market capitalization of $1.32 billion with a consensus rating of "Moderate Buy" and a price target of $41.25 according to analysts.

Invesco Ltd. acquired a new stake in Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,093 shares of the company's stock, valued at approximately $320,000.

A number of other hedge funds have also recently modified their holdings of the company. North Capital Inc. purchased a new stake in shares of Nano Nuclear Energy in the first quarter valued at about $26,000. Marshall Investment Management LLC purchased a new position in Nano Nuclear Energy during the first quarter worth about $27,000. Wealth Enhancement Advisory Services LLC boosted its stake in Nano Nuclear Energy by 10.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,019 shares of the company's stock worth $318,000 after buying an additional 1,135 shares during the period. Ameriflex Group Inc. purchased a new position in Nano Nuclear Energy during the fourth quarter worth about $29,000. Finally, KBC Group NV purchased a new position in Nano Nuclear Energy during the first quarter worth about $31,000.

Nano Nuclear Energy Trading Up 1.6%

NASDAQ:NNE traded up $0.51 during mid-day trading on Friday, hitting $31.68. The stock had a trading volume of 1,479,594 shares, compared to its average volume of 2,607,936. The stock has a 50-day simple moving average of $34.48 and a two-hundred day simple moving average of $30.15. The company has a market capitalization of $1.32 billion, a PE ratio of -34.06 and a beta of 7.03. Nano Nuclear Energy Inc. has a twelve month low of $6.52 and a twelve month high of $48.05.

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last issued its earnings results on Thursday, August 14th. The company reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.08. Sell-side analysts predict that Nano Nuclear Energy Inc. will post -0.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NNE has been the subject of several research analyst reports. HC Wainwright reaffirmed a "buy" rating and set a $50.00 target price on shares of Nano Nuclear Energy in a research note on Friday, August 15th. Northland Capmk raised shares of Nano Nuclear Energy to a "strong-buy" rating in a research note on Monday, July 7th. BTIG Research initiated coverage on shares of Nano Nuclear Energy in a research note on Thursday, August 28th. They set a "neutral" rating for the company. LADENBURG THALM/SH SH lowered shares of Nano Nuclear Energy from a "buy" rating to a "sell" rating and lowered their target price for the stock from $51.00 to $9.00 in a research note on Monday, August 18th. Finally, Northland Securities began coverage on shares of Nano Nuclear Energy in a research report on Monday, July 7th. They set an "outperform" rating and a $40.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $41.25.

About Nano Nuclear Energy

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.