# NANO Nuclear Energy Inc. (NNE)

> Source: Nexqual · https://nexqual.com/NNE · data as of 2026-10-23 13:31 UTC · cite as "Nexqual, NANO Nuclear Energy Inc. (NNE), nexqual.com/NNE" · informational, not investment advice.

**Price:** USD 12.24 (-2.31% today) · US market open, as of October 23, 2026 at 13:31 UTC; quotes may be delayed. Prev close 12.53 · day 12.24–12.45 · 52w 12.01–49.5 · market cap $657M · NCM

## Key facts
- Insider open-market sales, last ~7 months: 10 Form 4 filings, $52.3M; 2 not under a Rule 10b5-1 plan ($168K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.13 on a 1–5 scale) (8 analysts), mean target USD 37.14 (range 19–50).
- Total return with dividends: 1Y -71.2% vs S&P 500 +14.9%; 5Y +171.4% vs S&P 500 +80.3%.
- Next earnings: 2026-08-12, EPS estimate USD -0.29, revenue estimate $1.3M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|
| Net income | -$6.3M | -$10.2M | -$40.1M | -$33.9M |
| EPS (diluted) | -$0.28 | -$0.39 | -$1.06 | — |
| Free cash flow | — | -$10.2M | -$28.1M | — |
| Cash + short-term investments | $7.0M | $28.5M | $203M | — |
Fiscal years end Sep. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/B 1.1x · Earnings yield -5.15%

## Insider sales (SEC Form 4, open-market, last ~7 months)
8 of 10 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-03 | Walker James John | Chief Executive Officer | 25,000 | $444K | 3.8% | Yes | Too little history (no open-market trades in 2023 or 2024) |
| 2026-09-01…2026-09-02 | Yu Jiang | President and Chairman | 474,500 | $8.3M | 5.8% | Yes | Too little history (no open-market trades in 2023 or 2024) |
| 2026-09-01 | Walker James John | Chief Executive Officer | 25,000 | $436K | 3.6% | Yes | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-05 | Heidet Florent | Chief Technology Officer | 3,000 | $75K | 32.7% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-06-05 | Berl Seth Jason | Director | 3,750 | $93K | 33.1% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-06-03 | Hare Diane Elizabeth | Director | 3,428 | $91K | 100% | Yes | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-03 | Walker James John | Chief Executive Officer | 123,688 | $3.3M | 18.2% | Yes | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-03 | Yu Jiang | President and Chairman | 745,900 | $19.9M | 4.3% | Yes | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-03 | Garcha Jaisun | Chief Financial Officer | 37,215 | $986K | 9.7% | Yes | Too little history (no open-market trades in 2023–2025) |
| 2026-06-03 | I Financial Ventures Group Llc |  | 700,000 | $18.7M | 7.8% | Yes | Too little history (no open-market trades in 2023 or 2024) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Buy (mean 2.13 on a 1–5 scale), 8 analysts; mean target USD 37.14 (low 19, high 50).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | Truist Securities | Target lowered | Hold | $22 → $19 |
| 2026-09-21 | Needham | Initiated | Buy | $33 |
| 2026-07-27 | Alliance Global Partners | Initiated | Buy | $46 |
| 2026-07-14 | Truist Securities | Initiated | Hold | $22 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2024-05-06) |
|---|---|---|
| Total return | -71.2% | +171.4% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -71.2% | +49.9% |
| Volatility (annualized) | 89.1% | 128.7% |
| Max drawdown | -74.4% (Oct 2025→Oct 2026) | -75.3% (Jul 2024→Sep 2024) |

## Peers (Specialty Industrial Machinery)
CR (Crane Company) USD 184.68 -2.31% · GNRC (Generac Holdlings Inc.) USD 184.55 -1.85% · GGG (Graco Inc.) USD 68.41 -1.26% · INIO (INNIO N.V.) USD 14.97 -0.96% · WTS (Watts Water Technologies, Inc.) USD 354.86 -0.58% · IEX (IDEX Corporation) USD 224.6 -1.00%

## More
Full page: https://nexqual.com/NNE · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in NNE's own 10-K filed 2025-12-18 (https://www.sec.gov/Archives/edgar/data/1923891/000149315225028285/form10-k.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Nuclear Energy | "Our company also maintains important collaborations with leading researchers from the Cambridge Nuclear Energy Centre" |
| Partner | MMR | "we have already made material progress with the KRONOS MMR™ reactor, including affirming the collaboration for this project" |
| Partner | Nuclear Education and Engineering Consulting | "January 19, 2024, we entered into a services agreement with NEEC, effective on January 15, 2024." |
| Partner | American Capital Partners | "under a placement agency agreement with us, pursuant to which Titan received a cash fee equal to 5.0% of the gross proceeds received" |
| Related party | LIS Technologies | "part of an integrated system with LIST, a related-party laser uranium enrichment company with which we have an investment and related" |
| Related party | Nuclear | "to house our Nuclear Technology Branch, and $2,000,000 as a strategic equity investment into LIS Technologies Inc. (a related party)." |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $-0.29 | $-0.32 | -9.1% | $1.3M | 7 |
| Next quarter (ends 2026-12-31) | $-0.30 | $-0.29 | +1.0% | $1.9M | 5 |
| Current fiscal year (ends 2026-09-30) | $-0.80 | $-0.94 | -14.2% | $1.5M | 7 |
| Next fiscal year (ends 2027-09-30) | $-1.25 | $-1.41 | -11.4% | $8.3M | 7 |

## Options: expected move (Cboe, 15-min delayed)

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-10-30 | 7 | 76.1% | ±9.0% |
| 2026-11-06 | 14 | 71.4% | ±11.6% |
| 2026-11-13 | 21 | 71.3% | ±13.9% |
| 2026-11-20 | 28 | 76.4% | ±17.1% |
| 2026-11-27 | 35 | 74.2% | ±18.5% |
| 2026-12-04 | 42 | 73.3% | ±20.1% |
| 2026-12-18 | 56 | 73.8% | ±23.7% |
| 2027-01-15 | 84 | 77.2% | ±30.1% |