NANO Nuclear Energy Inc.

How has the stock done?

Change in closing price from the first day shown, or with Price the closing price itself. Prices: Yahoo Finance, to Nov 12, 2026.

Is the business growing?

Fiscal years: Yahoo Finance.

How it makes money

Margins over the past years, from the annual income statement.

Each margin is that line of the income statement divided by revenue. Fiscal year: Yahoo Finance, operating income as filed with the SEC where its quarters cover the year.

Customers and suppliers

Its 1 largest tenants named in the 10-K.

Suppliers

C

Cambridge Atom Works

N

NEEC

 

NNENANO Nuclear Energy

Customers

D

Digihost

Partners

LLIST LISNANO Nuclear Energy invested in it · Develops uranium enrichment and fuel supply technologies$2.0 million equity investment as of September 30, 2025

II Financialinvested in NANO Nuclear Energy · Holds common stock and vested options10,000,000 common shares held as of report date

UUrAmericaEvaluates Argentine uranium supply chain development

GGNSDevelops optimized HALEU fuel transportation system

DDigihostPlans nuclear-powered transition for existing power plant

Battelle Energy AllianceLicenses fuel transportation technology

EEverstarExplores AI solutions for regulatory licensing

FFSSCDevelops integrated remote energy and agriculture solutions

Centrus LEUFuel subsidiary memorandum of understanding

Changes since the previous annual report (10-K filed Dec 30, 2024)

CCambridge Atom WorksNamed for the first time, as a supplier

UUrAmericaNamed for the first time, as a partner

CCambridge AtomWorksNo longer named (was a supplier)

IInnovation StrategiesNo longer named (was a supplier)

SSeven SummitsNo longer named (was a supplier)

VVert2GrowNo longer named (was a partner)

Centrus LEUNo longer a supplier, still

DDigihostNow also a customer

Only the companies NANO Nuclear Energy names in its 10-K filed Dec 18, 2025 (SEC). The supply chain joins the latest annual reports of the companies on it and the 8-Ks they filed since: a link shows when either side's report names the other, so it grows as more reports are read. Hover a name for the filing's own words.

Is it expensive?

Currently unprofitable, so P/E does not apply, so we look at price-to-sales instead: 2782x, above the peer median of 1140x.

Above the peer median of 1140x. The market pays more per $1 of revenue than for peers.

Its peers here are the other small nuclear reactor companies on this site, a group kept by hand: Yahoo Finance's Specialty Industrial Machinery list is another business.

NANO Nuclear Energy Inc. is currently unprofitable, so P/E does not apply. We use price-to-sales instead: market cap as a multiple of revenue.

What analysts expect

The average analyst price target is $34.75, 213% above the current price; 78% of 9 analysts rate it a buy; earnings beat estimates in all of the last 4 quarters.

Buy or Strong Buy: 7 analysts (78%). Sell or Strong Sell: 0.

Over the past year the average of the analysts' latest price targets went from $33.00 to $32.20 (−2%), while NNE went from $33.70 to $11.09 (−67%). In the past three months targets were cut once and never raised. No firm upgraded or downgraded it over the year.

For the quarter ending Sep 2026 (NANO Nuclear Energy reports on Dec 17, 2026), analysts expect revenue of $1.5M. For the fiscal year ending Sep 2027, they expect an adjusted loss of $1.25 a share, and revenue of $8.4M, up 432% on the year before's estimate.

Targets, ratings and earnings estimates: Yahoo Finance. Rating and target changes: Yahoo Finance's list of upgrades and downgrades. The average target on each day is the average of every listed firm's latest target set in the 180 days before it, so it counts fewer analysts than the average target above, and the band is the middle half of those targets (a quarter of the firms are above it, a quarter below); a target set before a stock split is divided by the split. Expected figures: the average of the analysts' estimates (Yahoo Finance). Their EPS is adjusted, as analysts estimate it, so it is set against the adjusted EPS Yahoo reports for the same quarters, not the GAAP EPS of the growth and valuation sections; revenue against the SEC filings. No change is given against a quarter whose reported EPS was more than 50% off its own estimate (often a one-off gain or charge), nor against a year that counts one. Each estimate is pinned to its fiscal period by the report date or the period's end, and one that cannot be is left out.

Where the cash goes

Capex of $14M exceeds operating cash flow of −$24M, leaving free cash flow of −$38M. The gap has to be covered with cash on hand or borrowing.

Free cash flow: operating cash flow minus capital spending. Last 4 quarters: Yahoo Finance, buybacks from SEC filings where they have the quarter.

Financial health

Current ratio 53.5, no pressure to repay short-term debt; debt-to-equity 0.0, debt is very low and the balance sheet is solid.

Latest fiscal year balance sheet. Source: Yahoo Finance.

Who holds it

In the filings of 1 fund whose copy leaves NNE out (on the exchange, not in the app yet): Swiss National Bank.

What did the funds Hunch tracks do?

Of the 83 funds whose 13F filings Hunch reads, 1 held NNE at the end of their latest quarter (for most, Q3 2026). Over that quarter 1 sold all and 1 held the same. The largest of them is Swiss National Bank, 83,600 shares worth $1.3M at Sep 30, 2026.

From the 13F filings of the 83 funds Hunch tracks, not of every institution: each fund's shares of NNE at its latest quarter end against the quarter before, as filed (long positions only, options left out), the quarter before put on the latest quarter's share count across a split. A fund files 45 days after its quarter ends, so some have a newer quarter than others. Value is at the quarter end.

Are insiders buying or selling?

Officers and directors sold $104M of NNE on the open market in the 12 months to Nov 12, 2026; none bought. 100% of the sales were made under 10b5-1 plans, set up in advance. The largest was Jiang Yu (President and Chairman; director), who sold $83.9M in 33 sales.

From the Form 4s filed with the SEC about NANO Nuclear Energy Inc. (43 in the 12 months): purchases (code P) and sales (code S) on the open market by its officers and directors, at the price each filing gives (often an average of the day's trades). A sale is a 10b5-1 sale when its filing says it was made under such a plan, set up in advance. Not counted: 39 other transactions (option exercises and shares sold to pay tax). Also not counted: 20 trades by holders of more than 10% who are neither officers nor directors.