Nano Nuclear Is Still Under $20. Here's My Case for Why That Won't Last.
The nuclear energy company is making tangible progress toward commercialization.
Overview
It's been a rough year for Nano Nuclear Energy's (NASDAQ: NNE) stock. In the past 12 months, shares of the nuclear energy company have stumbled more than 40% and are now trading around $20. This pullback feels overdone, though, and I don't believe Nano Nuclear will remain at, or below, $20 for much longer.
First and foremost, while the company is still pre-revenue, it has enough cash in the bank to give itself a substantial runway. As of its 2026 fiscal third-quarter, Nano reported $580 million in cash and short-term securities.
Details
Secondly, progress is being made on the regulatory side. A formal construction permit was submitted to the Nuclear Regulatory Commission (NRC) by the University of Illinois to deploy Nano's Kronos microreactor on the campus. Nano also has memorandums of understanding with various partners in AI, energy, and manufacturing.
Source
Originally published at www.fool.com.