NNE

Company Overview — What Does Nano Nuclear Energy Inc. Do?

We are an early-stage nuclear energy company developing smaller, cheaper, and safer advanced portable clean energy solutions utilizing proprietary reactor designs, intellectual property and research methods, illuminating our path toward a sustainable future. Led by a world class scientific and management team, envisioned within our business plan is a comprehensive engagement across every sector of the nuclear power industry, traversing the path from sourcing raw nuclear material and fuel fabrication to the illumination of energy through our cutting edge and advanced small modular nuclear reactors (SMRs, also known as microreactors). Our dedication extends further to encompass commercial nuclear transportation and consulting services. Currently, we are in the pre-revenue stage and are principally focused on four business lines as part of our development strategy: . Micro Nuclear Reactor Business. We are developing the next-generation advanced nuclear microreactors, in particular ZEUS, a solid core battery reactor, and ODIN, a low-pressure salt coolant reactor. With these products, we are advancing the development of next generation, portable, on-demand capable, advanced nuclear micro reactors. In collaboration with the management and operating contractor of Idaho National Laboratory (or INL), an institution we regard as one of the preeminent U.S. government laboratories for nuclear energy research and development and equipped with some of the world’s foremost nuclear scientists and engineers, we believe our reactors will have the potential to bring change to the global energy landscape. Our goal is to commercially launch one of these products by 2030. Both our ZEUS and ODIN microreactors have completed the preconceptual design stage, and are currently undergoing design optimization, and certain initial physical test work, to finalize the designs ahead of more involved demonstration work. We have conducted and completed a design audit on the ODIN reactor to provide assistance with design considerations. Additionally, the design audit for the ZEUS reactor was conducted and completed by INL in February 2024, the report of which is currently being finalized by INL. We have submitted a request for information to the U.S. Department of Energy (or DOE) to initiate the approval process for the allocation of a designated site. This allocation is intended for the purpose of conducting testing experiments for both microreactors. We have communicated with the U.S. Nuclear Regulatory Commission (or NRC) and DOE, informing them of the current status of our microreactor designs and the estimated internal timelines for our microreactor developments, with an understanding that definite timelines will be provided as early as possible, once available, to allow the NRC to arrange the necessary personnel to oversee the microreactor licensing process. . Fuel Fabrication Business. Through our subsidiary, HALEU Energy Fuel Inc., and in coordination with DOE and INL, we are seeking to develop a domestic High-Assay Low-Enriched Uranium (HALEU) fuel fabrication facility to supply the fuel not only for our own reactor products, but to the broader advanced nuclear reactor industry in general. During the second quarter of 2024, we plan to acquire land for the first CAT II non-TRISO HALEU fuel fabrication facility in the U.S. We hope to have our fuel fabrication facility near INL in operation as soon as 2027. . Fuel Transportation Business. Our transportation business will build on existing work completed at INL, Oak Ridge National Laboratory (or ORNL) and Pacific Northwest National Laboratory (PNNL), the world’s premier U.S.-backed nuclear research facilities. We received an exclusive license for a high capacity HALEU fuel transportation basket design in April 2024, which was designed around a licensed third-party basket and cask technology. This license grants us, as the licensee, exclusive rights for use and development of the technology. In addition, the licensor is not permitted to license the technology to any other parties within the specified scope. We believe this technology is the most advanced concept in the United States for moving HALEU in commercial quantities. During 2024, we plan to acquire land for our HALEU transportation base of operations. We intend to produce a regulatorily licensed, high-capacity HALEU transportation product, capable of moving commercial quantities of HALEU fuel around North America. If developed and commercialized, we believe this product will serve as the basis for a domestic HALEU transportation company capable of providing commercial quantities of HALEU fuel. We hope to have our fuel transportation business in operation by 2026. . Nuclear Consultation Services. We also plan on providing nuclear service support and consultation services for the expanding and resurgent nuclear energy industry, both domestically and internationally. This includes, in coordination with the Cambridge Nuclear Energy Centre, the development of education resources. This business opportunity represents our most near-term revenue generating opportunity as we hope to begin providing these services in 2024. By the end of 2024, we expect to start providing nuclear service support and consultation services for the nuclear energy industry, both domestically and internationally. This timeline is based on our plan to acquire a nuclear business services and consultancy provider. We have had preliminary discussions with some potential targets but are not presently a party to any definitive understandings or agreements. If we are unable to acquire such a business by the end of 2024, we will then focus on building our own internal nuclear consultation business in coordination with certain outside academic institutions, which we anticipate would require approximately $1 million over the next twelve months to recruit additional staff and build corresponding infrastructure to be capable of providing these services. Our mission is to become a commercially focused, diversified and vertically integrated technology-driven nuclear energy company that will capture market share in the very large and growing nuclear energy sector. To implement our plans, since our founding in 2022, our management has had constant communications with key U.S. government agencies, including the DOE, the INL and ORNL, which are a part of the DOE’s national nuclear laboratory system. Our company also maintains important collaborations with leading researchers from the Cambridge Nuclear Energy Centre and The University of California, Berkeley. Over the next twelve months, we will continue to progress our development of advanced nuclear microreactors, in particular ZEUS and ODIN, with estimated expenditures to be approximately $4 million. This allocation comprises approximately $2 million dedicated to the research and development of products and technology, with a specific focus on the refinement of microreactor technology and the fuel fabrication process. The remaining $2 million is earmarked for miscellaneous costs essential to propelling the progress of our microreactors, encompassing the support of current personnel engaged in executive, finance, accounting, and other administrative functions. We estimate that our microreactor demonstration work will be conducted between 2024 and 2026, our microreactor licensing application will be processed between 2026 and 2031, and our microreactors will be launched between 2030 and 2031. We also plan on providing nuclear service support and consultation services for the expanding and resurgent nuclear energy industry, both domestically and internationally. If we are unable to acquire such a business by the end of 2024, we will then focus on building our own internal nuclear consultation business in coordination with certain outside academic institutions, which we anticipate would require approximately an additional $1 million over the next twelve months to recruit additional staff and build corresponding infrastructure to be capable of providing these services. We have no intention to apply any proceeds from this offering to such acquisition of a nuclear business services and consultancy provider and such acquisition costs are not included in our estimated expenditures of $4 million as above-mentioned over the next twelve months. Notwithstanding the foregoing, the outlined expenditures and the timelines are estimations only. These are inherently subject to change due to certain factors, including adjustments in the microreactor development plan and uncertainties associated with the licensing approval process. Given that these elements may exceed our initial expectations or lie beyond our control, we cannot guarantee the accuracy of the actual expenditures and timelines. We were incorporated under the laws of the State of Nevada on February 8, 2022. Our principal executive office is located at 10 Times Square, 30th Floor, New York, NY. Nano Nuclear Energy Inc. (NNE) is classified as a small-cap stock in the Utilities sector. The company is led by CEO James Walker, headquartered in NEW YORK, New York. With a market capitalization of $1.1B, NNE is one of the notable companies in the Utilities sector.

Nano Nuclear Energy Inc. (NNE) Stock Rating — Avoid (April 2026)

As of April 2026, Nano Nuclear Energy Inc. receives a Avoid rating with a composite score of 27.0/100 and 1 out of 5 stars from the Blank Capital Research quantitative model.NNE ranks #4,045 out of 4,446 stocks in our coverage universe. Within the Utilities sector, Nano Nuclear Energy Inc. ranks #108 of 112 stocks, placing it in the lower half of its Utilities peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

NNE Stock Price and 52-Week Range

Nano Nuclear Energy Inc. (NNE) currently trades at $20.77. The stock lost $0.34 (1.6%) in the most recent trading session. The 52-week high for NNE is $60.87, which means the stock is currently trading -65.9% from its annual peak. The 52-week low is $17.26, putting the stock 20.3% above its annual trough. Recent trading volume was 1.2M shares, reflecting moderate market activity.

Is NNE Overvalued or Undervalued? — Valuation Analysis

Nano Nuclear Energy Inc. (NNE) carries a value factor score of 27/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The price-to-book ratio stands at 1.75x, versus the sector average of 1.98x.

At current multiples, Nano Nuclear Energy Inc. trades at a premium to most Utilities peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

Nano Nuclear Energy Inc. Profitability — ROE, Margins, and Quality Score

Nano Nuclear Energy Inc. (NNE) earns a quality factor score of 28/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -6.4%, compared to the Utilities sector average of 9.9%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -6.4% versus the sector average of 3.1%.

Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

NNE Debt, Balance Sheet, and Financial Health

Nano Nuclear Energy Inc. has a debt-to-equity ratio of 1.0%, compared to the Utilities sector average of 164.5%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 134.06x, indicating strong short-term liquidity. Total debt on the balance sheet is $2M. Cash and equivalents stand at $203M.

NNE has a beta of 1.88, meaning it is more volatile than the broader market — a $10,000 investment in NNE would be expected to move 87.9% more than the S&P 500 on any given day. The stability factor score for Nano Nuclear Energy Inc. is 23/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.

Nano Nuclear Energy Inc. Revenue and Earnings History — Quarterly Trend

In TTM 2026, Nano Nuclear Energy Inc. reported revenue of $0 and earnings per share (EPS) of $-0.13. Net income for the quarter was $-39M. Operating income came in at $-4M.

In Q1 2026, Nano Nuclear Energy Inc. reported revenue of N/A and earnings per share (EPS) of $-0.13. Net income for the quarter was $-7M.

In FY 2025, Nano Nuclear Energy Inc. reported revenue of N/A and earnings per share (EPS) of $-1.06. Net income for the quarter was $-40M.

In Q3 2025, Nano Nuclear Energy Inc. reported revenue of N/A and earnings per share (EPS) of $-0.19. Net income for the quarter was $-8M.

Over the past 8 quarters, Nano Nuclear Energy Inc. has reported varying levels of revenue. Investors analyzing NNE stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

NNE Dividend Yield and Income Analysis

Nano Nuclear Energy Inc. (NNE) does not currently pay a dividend. This is common among smaller companies in the Utilities industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Utilities dividend stocks may want to explore other Utilities stocks or use the stock screener to filter by dividend yield.

NNE Momentum and Technical Analysis Profile

Nano Nuclear Energy Inc. (NNE) has a momentum factor score of 22/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 25/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 42/100 reflects moderate short selling activity.

NNE vs Competitors — Utilities Sector Ranking and Peer Comparison

Within the Utilities sector, Nano Nuclear Energy Inc. (NNE) ranks #108 out of 112 stocks based on the Blank Capital composite score. This places NNE in the lower half of all Utilities stocks in our coverage universe. Key competitors and sector peers include Energy Transfer LP (ET) with a score of 52.6/100, Southwest Gas Holdings, Inc. (SWX) with a score of 54.8/100, NEXTERA ENERGY INC (NEE) with a score of 51.6/100, EDISON INTERNATIONAL (EIX) with a score of 53.0/100, and TC ENERGY CORP (TRP) with a score of 53.1/100.

Comparing NNE against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full NNE vs S&P 500 (SPY) comparison to assess how Nano Nuclear Energy Inc. stacks up against the broader market across all factor dimensions.

NNE Next Earnings Date

No upcoming earnings date has been announced for Nano Nuclear Energy Inc. (NNE) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy NNE? — Investment Thesis Summary

The quantitative profile for Nano Nuclear Energy Inc. suggests caution. The quality score of 28/100 flags below-average profitability. The value score of 27/100 indicates premium valuation. Momentum is weak at 22/100, a headwind for near-term performance. High volatility (stability score 23/100) increases portfolio risk.

In summary, Nano Nuclear Energy Inc. (NNE) earns a Avoid rating with a composite score of 27.0/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on NNE stock.

Related Resources for NNE Investors

Explore more research and tools: NNE vs S&P 500 comparison, top Utilities stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare NNE head-to-head with peers: NNE vs ET, NNE vs SWX, NNE vs NEE.