Wells Fargo & Company MN Increases Holdings in Nano Nuclear Energy Inc. (NASDAQ:NNE)

Wells Fargo & Company MN increased its stake in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) by 433.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,106 shares of the company’s stock after acquiring an additional 30,148 shares during the quarter. Wells Fargo & Company MN owned approximately 0.10% of Nano Nuclear Energy worth $924,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the business. Central Asset Investments & Management Holdings HK Ltd purchased a new stake in Nano Nuclear Energy in the fourth quarter worth $774,000. Newbridge Financial Services Group Inc. bought a new position in shares of Nano Nuclear Energy during the fourth quarter valued at $200,000. Canal Insurance CO bought a new position in shares of Nano Nuclear Energy during the fourth quarter valued at $622,000. State Street Corp bought a new position in shares of Nano Nuclear Energy in the 3rd quarter worth approximately $718,000. Finally, LPL Financial LLC purchased a new position in shares of Nano Nuclear Energy in the fourth quarter worth approximately $2,596,000.

Analysts Set New Price Targets

Separately, HC Wainwright restated a “buy” rating and set a $50.00 target price on shares of Nano Nuclear Energy in a research note on Monday, March 31st.

Nano Nuclear Energy Stock Performance

Shares of NNE opened at $22.75 on Thursday. The company’s fifty day moving average is $25.67 and its 200 day moving average is $26.42. The stock has a market capitalization of $843.41 million and a PE ratio of -55.49. Nano Nuclear Energy Inc. has a fifty-two week low of $3.25 and a fifty-two week high of $48.05.

Nano Nuclear Energy (NASDAQ:NNE) last issued its earnings results on Thursday, February 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.09. As a group, research analysts forecast that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current year.

Nano Nuclear Energy Profile

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.