Why Is NANO Nuclear Energy Stock Soaring On Friday?
Portfolio Pulse from Lekha Gupta
NANO Nuclear Energy Inc. (NASDAQ:NNE) shares surged on Friday after Benchmark analyst Michael Legg initiated coverage with a Buy rating and a $15 price target. The company, focused on the nuclear SMR sector, is expected to benefit from growing demand for SMRs and government funding. NNE shares rose 16.01% to $8.20.
June 14, 2024 | 5:55 pm
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NANO Nuclear Energy Inc. (NASDAQ:NNE) shares surged 16.01% to $8.20 after Benchmark analyst Michael Legg initiated coverage with a Buy rating and a $15 price target. The company is expected to benefit from growing demand for SMRs and government funding.
The initiation of coverage with a Buy rating and a $15 price target by a reputable analyst is a strong positive signal for investors. The company's focus on the growing SMR sector and potential government funding further supports a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100