Powell Investment Advisors LLC Acquires Shares of 24,183 Nano Nuclear Energy Inc. (NASDAQ:NNE)

Powell Investment Advisors LLC bought a new stake in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 24,183 shares of the company’s stock, valued at approximately $602,000. Powell Investment Advisors LLC owned about 0.07% of Nano Nuclear Energy as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in NNE. Citizens Financial Group Inc. RI grew its stake in shares of Nano Nuclear Energy by 747.7% during the third quarter. Citizens Financial Group Inc. RI now owns 729,000 shares of the company’s stock worth $10,505,000 after purchasing an additional 643,000 shares during the period. State Street Corp bought a new position in Nano Nuclear Energy during the third quarter worth about $718,000. XTX Topco Ltd acquired a new position in shares of Nano Nuclear Energy during the 3rd quarter worth about $305,000. Barclays PLC bought a new stake in shares of Nano Nuclear Energy in the 3rd quarter valued at about $76,000. Finally, Geode Capital Management LLC acquired a new stake in shares of Nano Nuclear Energy in the 3rd quarter valued at approximately $954,000.

Nano Nuclear Energy Stock Up 5.1 %

NASDAQ NNE opened at $35.28 on Monday. The stock’s 50-day moving average is $28.85 and its 200-day moving average is $20.38. Nano Nuclear Energy Inc. has a one year low of $3.25 and a one year high of $48.05.

Nano Nuclear Energy (NASDAQ:NNE) last announced its quarterly earnings results on Monday, December 30th. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.08. On average, equities research analysts forecast that Nano Nuclear Energy Inc. will post -0.92 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NNE. Benchmark boosted their price objective 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. HC Wainwright restated a “buy” rating and issued a $50.00 price objective on shares of Nano Nuclear Energy in a research report on Wednesday, January 29th.

Nano Nuclear Energy Company 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.