DonCorleone77
$NNE Needham starts Nano Nuclear Energy at Buy, sees runway through licensing
Needham analyst Sean Milligan initiated coverage of Nano Nuclear Energy with a Buy rating and $33 price target. Nano acquired nearly a decade of USNC development for $8.5M and UIUC has moved the 15 MWe reactor into formal NRC construction-permit review, with key milestones due in 2027, the analyst tells investors. KRONOS' 9.9% initial enrichment could ease fuel sourcing versus designs requiring about 19.75%, while $580M of liquidity provides runway through the critical licensing phase, the analyst tells investors.
1
4
