H.C. Wainwright & Co.
Report published August 24, 2026
NANO Nuclear Energy (NNE): H.C. Wainwright F3Q26 Results & Buy Rating Update
Source and citation context
- Issuer
- H.C. Wainwright & Co.
- Report date
- August 24, 2026
- Analysis as of
- August 21, 2026
Authors / editors: Sameer Joshi, Amit Dayal
Finvaulta summarizes H.C. Wainwright & Co.'s analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
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H.C. Wainwright reiterates its Buy rating and $50 price target for NANO Nuclear Energy following F3Q26 results. The company continues to advance its NRC regulatory review process toward 2027 milestone completions while securing HALEU fuel supply chain assets.
Key Takeaways
- 1.H.C. Wainwright reiterates a Buy rating on NANO Nuclear Energy with a $50.00 price target, derived from a DCF valuation using a 10.2% WACC and applying a 15% execution risk discount.
- 2.The NRC accepted NANO's construction permit application alongside UIUC in May 2026, signaling environmental assessment completion in 1Q27 and safety evaluation in 3Q27, leading to targeted initial construction in 2H27 and first power in 2030.
- 3.NANO is expanding its nuclear fuel vertical integration through the acquisition of STS nuclear logistics and an MoU with Quadrant Nuclear Industries for future HALEU fuel offtake.
Table of Contents
- NRC environmental assessment and safety evaluation targeted for 2027; steps to advance HALEU supply.
- F3Q26 results overview.
- Reiterate Buy.
- Risks.
- Important Disclaimers
- RETURN ASSESSMENT
Report data
Stock Data and Balance Sheet Metrics — as of August 21, 2026.
| Metric | Estimate | Context |
|---|---|---|
| Stock Price | 18.85 USD | Share price of NNE at report publication baseline |
| Price Target | 50.0 USD | Analyst 12-month price target for NNE |
| Cash and Cash Equivalents, Marketable Securities, and Long-Term Investments | 581.0 USD Million | Company total liquidity at end of F3Q26 |
| Operating Expenses | 15.9 USD Million | Quarterly operating expenses compared to $14.1M in previous quarter |
| Diluted EPS | -0.19 USD | Reported diluted EPS for F3Q26 (net loss of $10.1M) |
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Authors / Editors
Sameer JoshiAmit Dayal
Reported Data Context
- Stock Price: 18.85 USD (2026-08-21)
- Price Target: 50.0 USD · Source: H. C. Wainwright & Co. estimates
- Cash and Cash Equivalents, Marketable Securities, and Long-Term Investments: 581.0 USD Million (F3Q26)
- Operating Expenses: 15.9 USD Million (F3Q26)
- Diluted EPS: -0.19 USD (F3Q26)
Securities
NNE
Themes
Advanced Nuclear Microreactors & Clean Energy TransitionNuclear Fuel Supply Chain & HALEU Logistics Vertical Integration
Regions
North AmericaAsia PacificLatin AmericaUnited StatesJapanVenezuela