Invesco Ltd. Takes $320,000 Position in Nano Nuclear Energy Inc. $NNE

Invesco Ltd. purchased a new stake in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 12,093 shares of the company’s stock, valued at approximately $320,000.

A number of other large investors have also recently modified their holdings of NNE. Barclays PLC boosted its position in shares of Nano Nuclear Energy by 27.6% during the 4th quarter. Barclays PLC now owns 6,767 shares of the company’s stock valued at $168,000 after acquiring an additional 1,463 shares during the last quarter. Northern Trust Corp boosted its position in shares of Nano Nuclear Energy by 29.8% during the 4th quarter. Northern Trust Corp now owns 25,682 shares of the company’s stock valued at $639,000 after acquiring an additional 5,897 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Nano Nuclear Energy by 15,411.5% during the 4th quarter. BNP Paribas Financial Markets now owns 104,082 shares of the company’s stock valued at $2,591,000 after acquiring an additional 103,411 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of Nano Nuclear Energy during the 4th quarter valued at about $1,091,000. Finally, Cetera Investment Advisers bought a new stake in shares of Nano Nuclear Energy during the 4th quarter valued at about $424,000.

Nano Nuclear Energy Price Performance

Shares of Nano Nuclear Energy stock opened at $31.68 on Friday. The business’s 50 day simple moving average is $34.48 and its two-hundred day simple moving average is $30.15. The stock has a market capitalization of $1.32 billion, a P/E ratio of -34.06 and a beta of 7.03. Nano Nuclear Energy Inc. has a one year low of $6.52 and a one year high of $48.05.

Nano Nuclear Energy (NASDAQ:NNE) last announced its quarterly earnings results on Thursday, August 14th. The company reported ($0.19) EPS for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.08. Sell-side analysts expect that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NNE has been the subject of a number of research analyst reports. HC Wainwright reiterated a “buy” rating and set a $50.00 price target on shares of Nano Nuclear Energy in a research report on Friday, August 15th. Northland Capmk raised Nano Nuclear Energy to a “strong-buy” rating in a report on Monday, July 7th. LADENBURG THALM/SH SH cut Nano Nuclear Energy from a “buy” rating to a “sell” rating and decreased their price objective for the company from $51.00 to $9.00 in a report on Monday, August 18th. Northland Securities started coverage on Nano Nuclear Energy in a report on Monday, July 7th. They set an “outperform” rating and a $40.00 price objective on the stock. Finally, BTIG Research started coverage on Nano Nuclear Energy in a report on Thursday, August 28th. They set a “neutral” rating on the stock. One equities research 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 issued a Sell rating to the company. According to MarketBeat, Nano Nuclear Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.25.

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.