Nano Nuclear Energy Is Still Way Under $45. Here's Whether Long-Term Investors Should Pounce.
A new price target implies a nearly 75% gain in Nano stock. Is this the deal of the year?
Nano Nuclear Energy Is Still Way Under $45. Here's Whether Long-Term Investors Should Pounce.
Overview
Nano Nuclear Energy (NASDAQ: NNE) is an advanced nuclear company whose ambitions coincide with a new trend on Wall Street: small modular reactors (SMRs), or, as Nano calls them, microreactors.
Long overshadowed by Oklo and NuScale Power, Nano's cheaper market valuation and regulatory progression has been drawing attention to Nano's suite of reactor designs. The stock has been gaining momentum over the last month, in spite of no real change to the obstacle stymieing its progress: a lack of regulatory approval.
Details
With a market cap of $1.3 billion and a price between $26 and $27, should long-term investors take advantage of this opportunity, or should they wait for more concrete progress?
Source
Originally published at www.fool.com.
