This Nuclear Stock Is Down 30% This Year -- Here's 1 Reason It Could Be a Screaming Buy Right Now
Nano is making smart moves. Should long-term investors pounce?
Overview
Nano Nuclear Energy (NASDAQ: NNE) is a company that, as its name suggests, wants to build a very tiny nuclear reactor, so tiny it could fit on a semi-truck. If you've ever seen how much land a traditional nuclear power plant takes up, then you, too, might be amazed at the kind of Honey, I Shrunk the Kids feat Nano is trying to pull off.
Image source: Getty Images.
Like other nuclear energy companies making small and microreactors -- Oklo, for instance -- Nano is currently operating in the uncomfortably slow beginning stages of pre-regulatory existence. There's no telling when Nano will get the NRC's blessing to commercialize its reactors, but most estimates point to a two-year waiting period before Nano's revenue growth becomes something.
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Source
Originally published at www.fool.com.