Nano Nuclear Energy (NASDAQ:NNE) Earns Buy Rating from HC Wainwright

HC Wainwright reissued their buy rating on shares of Nano Nuclear Energy (NASDAQ:NNE) in a report published on Wednesday,Benzinga reports. They currently have a $50.00 price objective on the stock.

Separately, Benchmark raised their price target on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, November 7th.

Nano Nuclear Energy Stock Up 3.1 %

Shares of NNE opened at $27.61 on Wednesday. The firm’s 50 day moving average price is $20.50 and its 200 day moving average price is $15.31. Nano Nuclear Energy has a twelve month low of $3.25 and a twelve month high of $37.51.

Institutional Investors Weigh In On Nano Nuclear Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Citizens Financial Group Inc. RI grew its holdings in Nano Nuclear Energy by 747.7% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 729,000 shares of the company’s stock valued at $10,505,000 after buying an additional 643,000 shares during the last quarter. Geode Capital Management LLC bought a new stake in shares of Nano Nuclear Energy in the third quarter valued at approximately $954,000. Virtu Financial LLC bought a new stake in shares of Nano Nuclear Energy in the third quarter valued at approximately $933,000. State Street Corp acquired a new stake in shares of Nano Nuclear Energy in the third quarter worth $718,000. Finally, XTX Topco Ltd bought a new position in Nano Nuclear Energy during the third quarter worth $305,000.

About Nano Nuclear Energy

NANO Nuclear Energy Inc operates as a microreactor technology company. The company is developing ZEUS, a solid-core battery reactor, and ODIN, a low-pressure coolant reactor. It is also developing a high-assay low-enriched uranium fabrication facility to supply fuel to the nuclear reactor industry and fuel transportation and nuclear consultation businesses.