Streetbeat News

NNE

Nano Nuclear Energy Inc

Industry

Industrial - Machinery

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. The company was founded in 2021 and is based in New York, New York.

Open

31.27

Mkt cap

1.1B

Volume

2.8M

High

31.40

P/E Ratio

-68.90

52-wk high

48.05

Low

28.48

Div yield

N/A

52-wk low

3.25

Shares of companies within the broader industrial sector are trading lower amid overall market weakness on US economic concerns. An economic slowdown could impact demand.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 3:40 pm

NANO Nuclear has signed a Memorandum of Understanding (MOU) with Blockfusion Ventures to lead the technical evaluation of power supply solutions for an AI datacenter in Niagara Falls. The evaluation will focus on integrating microreactor technologies and other clean energy sources.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:33 pm

Bank of Marin Bancorp (NASDAQ:BMRC) shares fell sharply after reporting worse-than-expected quarterly earnings. Other notable stock movements include 2U, Inc. (NASDAQ:TWOU) climbing 128% and Cognition Therapeutics, Inc. (NASDAQ:CGTX) falling 34%.

Portfolio Pulse from Avi Kapoor

July 29, 2024 | 5:19 pm

General Dynamics Corporation (NYSE:GD) shares fell 5.2% after reporting worse-than-expected Q2 EPS results despite revenue growth. Other notable stock movements include significant gains for NuZee, Inc. (NASDAQ:NUZE) and Dermata Therapeutics, Inc. (NASDAQ:DRMA), and declines for Azitra, Inc. (NYSE:AZTR) and Tesla, Inc. (NASDAQ:TSLA).

Portfolio Pulse from Avi Kapoor

July 24, 2024 | 5:26 pm

Nano Nuclear Energy Inc (NASDAQ:NNE) responded to a critical short report by Hunterbrook, defending its timelines and operations. The company emphasized its adherence to regulatory guidance and accused Hunterbrook of having ulterior motives. Despite the report, NNE's stock showed resilience, though it experienced a significant drop initially.

Portfolio Pulse from Hayden Buckfire

July 23, 2024 | 8:36 pm

NANO Nuclear has filed provisional patents for its Annular Linear Induction Pump technology, which is crucial for its 'ODIN' microreactor and other advanced nuclear reactors. The company aims to secure intellectual property rights with the USPTO.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 12:33 pm

Ryanair, CrowdStrike, and other major stocks experienced declines in Monday's pre-market session. Ryanair's Q1 results showed a 46% drop in profits, leading to an 11.6% fall in its stock price. Other notable declines include Redwire, Clear Channel Outdoor, Honest Company, iQIYI, CrowdStrike, Verizon, and NANO Nuclear Energy.

Portfolio Pulse from Avi Kapoor

July 22, 2024 | 12:13 pm

Nano Nuclear Energy Inc (NASDAQ:NNE) saw a significant drop in its share price after a short report by Hunterbrook criticized the company's ambitious timelines and operational practices. The report highlighted the company's lack of revenue, unrealistic product development timelines, and insufficient R&D spending.

Portfolio Pulse from Hayden Buckfire

July 19, 2024 | 3:41 pm

NANO Nuclear Energy Inc. (NASDAQ:NNE) has signed a Memorandum of Understanding (MOU) with Everstar Inc. to leverage Everstar's AI tools to modernize the regulatory and licensing processes for NANO Nuclear's projects. This partnership aims to save time and resources by transforming these processes.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 3:04 pm

Nano Nuclear Energy shares are trading lower following a negative report on the stock from Hunterbrook.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 1:53 pm

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