Latest news with #NanoNuclearEnergy
Yahoo
4 days ago
- Business
- Yahoo
Why Shares of Nano Nuclear Energy Stock Sank This Week
Nano Nuclear Energy filed six patents for its microreactor technology. The company raised more funds in a private placement offering. Nano is far from generating revenue and is a company investors should stay away from right now. 10 stocks we like better than Nano Nuclear Energy › Shares of Nano Nuclear Energy (NASDAQ: NNE) sank 16% this week, according to data from S&P Global Market Intelligence. The nuclear energy start-up closed a private placement offering of common stock that will dilute shareholders, leading the stock to fall. Shares of the pre-revenue company are up 26% this year and up 500% since going public around one year ago. Here's why Nano Nuclear Energy stock was sinking this week, and whether the stock is a buy now. Nano Nuclear Energy wants to build -- as the name implies -- tiny and portable micro nuclear reactors. It filed six patents this week related to its proposed Zeus Microreactor, which is still in development from its engineering team. While patents may indicate a positive move for the stock, Nano Nuclear sank this week because of the pricing of its private placement stock offering to professional investors. Nano Nuclear sold shares of its common stock at a price of $27, which is below its current price of $30 and likely built some selling pressure on shares this week. Indeed, $105 million was raised in the offering, which covers many years of its current cash burn of $10.5 million a year. The company needs the cash, because it does not have a working product yet. It is working on a micro reactor that has never been built before, and it is unclear if the technology will work. Shares outstanding have consistently climbed as Nano Nuclear has been in the public markets because of its capital needs, which will dilute long-term shareholder returns. It is easy to decide whether an investor should buy Nano Nuclear stock. The company does not think it will have a product until 2030 or later -- and that is if it can even get the technology to work. It generates zero revenue today and will burn money for many years into the future. These are not good stocks to invest in. An individual can hope that Nano Nuclear does well and invents a new way of electricity generation to better society. But hope is not an investment strategy. Smart investors will keep Nano Nuclear stock out of their portfolios because of how high risk this investment is. Don't look at the 500% returns and expect the future to look like the past -- this is a science project with a stock price attached to it. Before you buy stock in Nano Nuclear Energy, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nano Nuclear Energy wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $638,985!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $853,108!* Now, it's worth noting Stock Advisor's total average return is 978% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Brett Schafer has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Shares of Nano Nuclear Energy Stock Sank This Week was originally published by The Motley Fool
Yahoo
23-05-2025
- Business
- Yahoo
Nuclear rally, Deckers Outdoor, Intuit gains: Trending Tickers
Nuclear energy stocks Oklo (OKLO), Constellation Energy (CEG), Nano Nuclear Energy (NNE), and NuScale Power (SMR) are rallying as President Trump signs an executive order to ease regulations around nuclear reactor development. Catch Yahoo Finance's interview with Nano Nuclear Energy founder, executive chairman, and president Jay Yu on the nuclear energy landscape. Shares of shoe company Deckers Outdoor (DECK) continue to tumble ahead of Friday's market close after the company did not provide full-year guidance. Intuit (INTU) holds onto stock gains after reporting earnings on Thursday, on pace to close at a record high. Watch Yahoo Finance's interview with Intuit CFO Sandeep Aujla. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
Nano Nuclear Energy founder talks expected Trump exec. orders
Nuclear energy stocks Constellation Energy (CEG), Nano Nuclear Energy (NNE), and Oklo (OKLO) pop as President Trump is expected to ease regulations and speed up reactor development. Nano Nuclear Energy founder, executive chairman, and president Jay Yu joins Morning Brief to discuss how new executive orders could fast-track advanced nuclear technology and reshape the energy landscape. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Nuclear stocks rising on expectations that President Trump will sign several executive orders easing regulations and boosting productivity for the sector. According to Reuters, the executive orders would use the Defense Production Act to declare a national emergency, making it easier to permit and build reactors and order federal agencies to identify publicly owned lands that could be used for nuclear production. Joining us now with more we've got J Nano Nuclear Energy founder, executive chairman and president. Thank you so much for coming in. Thanks for having me today. Talk to me about your reaction to these proposed executive orders. What do you make of the policy shift and what does it do for your company? Uh I mean, we we kind of expected this because of the Secretary of Energy Chris Wright. He's been going around promoting and saying that under this administration there will be a nuclear Renaissance. And this has been a full circle for us because we started the company about four years ago and went all in on nuclear. And we kind of predicted, I would say, or I predicted this type of shift because everyone keeps talking about net zero goals. Like, how are you going to reach that? How are all these countries going to reach that without nuclear? So that was kind of our thesis and we're we're very happy with what the administration is doing right now. Some of this too was really signaled by companies even towards the end of last year, as we were hearing about some of their data center ambitions and making sure that they had access to their own energy and companies like Oracle talking about looking at land for nuclear reactors. So what's really going to be driving this? Is it the private sector that's putting an earmarking and has been earmarking billions of dollars or or is it the public sector and some of the commitments there that we're starting to hear more about? Yeah, I think the advancement of technologies, new nuclear technologies, like what Nano is building. A lot of these new reactors, their technologies, they can't explode. They use no liquid coolant, right? So I think the technologies have now advanced that the market understands this. But now it's basically the cost and the regulatory aspect. And this is what the executive orders really touch on. It's the regulatory burdens, right? And how we could expedite this. And AI and quantum computing and data centers now are on the rise and they understand that without nuclear is going to be a really hard issue to actually get to this base load energy production. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Politico
02-05-2025
- Business
- Politico
Cuomo didn't disclose millions in nuclear stock options
ALBANY, New York — Former Gov. Andrew Cuomo holds stock options in an advanced nuclear technology company worth more than $2.6 million, but did not disclose those assets in filings with the New York City Conflicts of Interest Board. Nano Nuclear Energy awarded Cuomo the stock options as compensation for his position on the company's advisory board, which the company disclosed in an annual securities filing. Cuomo, the leading candidate in the Democratic primary for New York City mayor, did not make a similar disclosure, and, according to experts, political candidates should disclose such holdings. 'Stock options would need to be reported in response to the question 'Securities Held,'' said Carolyn Miller, executive director of the city's Conflicts of Interest Board, in response to a question about whether stock options should be disclosed to the oversight body. A Cuomo campaign official familiar with the filing said the options do not have to be disclosed because they're held by the candidate's limited liability company, Innovation Strategies. There are no questions on the required forms about an LLC's holdings, just the candidate's personal securities and other holdings. But Miller said options would still have to be disclosed even if they're held by an LLC. The Cuomo official, who was granted anonymity to discuss a legal issue, said the campaign would reach out to the conflicts board. 'If there's any legal complexity, it's ethically clear that this is a type of security, and there's good reason to include it on this form for public disclosure,' said Rachael Fauss, senior policy adviser for Reinvent Albany. The nuclear company, which is in the early stages of developing a viable product, also paid cash to Cuomo through his LLC for being on its advisory board. He reported making more than $500,000 in income from the LLC in 2024. The former governor has refused to release a complete list of his clients, though, raising conflicts of interest concerns from good government groups. Other clients of his firm included a cryptocurrency exchange. The governor joined Nano Nuclear's advisory board in March 2024 and congratulated the company when it went public last May. It awarded the governor 125,000 in stock options for $3 a share. Those options, as of Friday when Nano Nuclear shares traded above $24, are now worth more than $2.6 million. Cuomo campaign spokesperson Rich Azzopardi noted that the stock option Cuomo's LLC received 'has not been exercised.' 'While the disclosures were made in good faith and based on our reading of the law, we will work with the Conflict of Interest Board and make any amendment deemed appropriate,' he said. 'If elected, Governor Cuomo wouldn't have any other position other than to serve as Mayor of New York City, and would work with the COIB to navigate any perceived issues that may arise, and disclose the remedies.' A spokesperson for Nano Nuclear declined to respond to questions about Cuomo's compensation and role with the company. The company and its CEO recently deleted several social media posts on LinkedIn and X congratulating Cuomo when he announced his mayoral run two months ago. Cuomo's history with nuclear energy is complex. He successfully campaigned for more than a decade to shut down Indian Point, New York City's largest source of carbon-free electricity. The former governor's concern about the plant was primarily driven by safety issues he scrutinized at the decades-old plant on the Hudson River. Its proximity to New York City and the impossibility of evacuating the region if a disaster happened were fears many public officials and advocates shared. Cuomo also orchestrated subsidies for upstate nuclear plant's on the basis of their environmental benefits. Those subsidies have cost ratepayers more than $4 billion since 2017 , with four years of payments to go. (State officials working under Cuomo insisted at the time the 12-year subsidy would only cost $2.6 billion as energy prices were forecast to rise.) The last Indian Point reactor shut down in 2021. Since then, gas plants have ramped up to fill the gaps, and the region's electricity has become more carbon dependent. Electricity costs spiked, and New York City's grid now faces reliability issues as the state tries to shut down the region's most polluting power plants. Nano Nuclear has made some New York moves since Cuomo joined the advisory board, although their largest physical offices are near Oak Ridge National Laboratory in Tennessee. The company responded to the state's request for information from the nuclear industry and stakeholders. It has committed to building a demonstration facility for some non-nuclear components of its in-development 'microreactors' in Westchester County. Nano Nuclear also announced agreements with two upstate New York cryptocurrency miners last year to explore using their microreactors.
Reuters
27-03-2025
- Business
- Reuters
Microreactor builders eye share of growing nuclear market
Summary Microreactor developers are forging commercial pathways with offtakers as an AI boom hikes demand for swift deployment near to end-users. March 27 - Soaring power demand from U.S. data centers has accelerated interest in new microreactors that can be factory-built and trucked to operating sites. Microreactors are small modular reactors (SMRs) with generating capacity of 20 MW or below. Larger SMRs rely on full transmission grid integration while microreactors can be deployed faster, in smaller increments and closer to the point of use. This makes them well suited to serving the soaring demand expected from new data centers in the coming years, particularly when co-located to avoid grid connection and reliability issues. Power-hungry tech groups are backing new nuclear as a dispatchable source of energy and microreactors could claim a share of this market. Several microreactor developers are in talks with commercial offtakers and some are signing early agreements. In one example, Last Energy plans to construct 30 microreactors in Haskell County, Texas to serve data centers. Elsewhere, tech giants like Amazon and Google, opens new tab have signed early agreements with X-energy and Kairos Power to develop larger SMR projects. Raising finance is a critical challenge for new reactor designs but Last Energy's relatively small 20 MW size means projects can be developed through "purely private financing" rather than a subsidy-driven model, a company spokesperson told Reuters Events. The key to accelerating nuclear deployment 'is miniaturising, modularising, and productising plants," the spokesperson said. Join us at Reuters Events SMR & Advanced Reactor 2025, opens new tab and network with over 600 utilities, developers, financiers, technology suppliers and regulators. Microreactors could also be deployed on military bases, mines and remote communities, and ships. Other markets include desalination, hydrogen production, high-temperature manufacturing, maritime propulsion and space exploration, the CEO of developer Nano Nuclear Energy, James Walker, told Reuters Events. To be deployed commercially, microreactor developers must overcome high development costs for first of a kind units while navigating uncertain regulatory and licensing processes and building out a sustainable supply chain, opens new tab. The boost from soaring AI demand is clear, Jake Jurewicz, CEO and co-founder of British reactor developer Blue Energy, told Reuters Events. "There is a strong demand signal coming from companies with enormous resources, which is critical for demonstrating any new technology,' Jurewicz said. Licensing push A number of companies are developing microreactors. To date, Radiant Industries, Terra Innovatum, NANO Nuclear Energy, Last Energy, ARC Clean Technology, Shepherd Power and Westinghouse have all notified the Nuclear Regulatory Commission (NRC) of intent to engage on microreactors and other designs are being developed. Models by Nano Nuclear Energy, X-energy and Westinghouse, are in the pre-licensing or early licensing phases. The multi-year design licensing process is a key challenge for developers. Existing regulatory frameworks were designed for large-scale light water reactors (LWRs) but 'the NRC seems to be more proactive" for the licensing of advanced reactors, Tara Righetti, Co-Director of the Nuclear Energy Research Center, told Reuters Events. In February 2025, the NRC proposed halving advanced reactor assessment fees, Righetti noted. The NRC is reforming licensing processes, opens new tab to become less prescriptive on security assessments. The change has been partly driven by the Advanced Nuclear for Clean Energy Act of 2024, which called for a more efficient licensing process. Strategies to overcome cost hurdles for new nuclear - download our webinar. Meanwhile, work on a first-of-a-kind mobile microreactor for the U.S. Department of Defense (DoD) under the name Project Pele could help provide learnings in licensing and deployment. The DoD awarded BWX Technologies a contract to supply 1 to 5 MW microreactors to the project in 2022 and the first unit is scheduled to be taken to Idaho National Laboratory for testing in 2026. This model is authorised by the Department of Energy (DoE) and so does not require NRC licensing, Jacopo Buongiorno, Director of the Center for Advanced Nuclear Energy Systems (CANES), told Reuters Events. Supply lines Westinghouse launched a manufacturing facility for its eVinci microreactor in Pittsburgh in 2023 and the group is on track to begin full-scale manufacturing by 2029 with commercial deployment by the end of the decade, a company spokesperson told Reuters Events. Meanwhile, Blue Energy is developing a modular reactor for both the microreactor and larger SMR markets that could be built in existing shipyards. 'We believe that once a company shows that nuclear can be built on time and on budget, it will break open the flood gates of nuclear demand," Jurewicz said. CHART: Forecast global nuclear capacity Last Energy has signed early customer power purchase agreements (PPAs) for the deployment of more than 80 microreactors, split roughly equally between data centers and industrial customers, including cement and paper manufacturers, the company spokesperson said. Many of these are in Europe, but interest is gaining pace in the U.S., the company said. Despite interest from offtakers, concrete commitments from partners will be needed to ensure the completion of real-world projects. 'Many would be happy to buy nuclear power once it is built – but who is helping to make it happen?," Jurewicz said. Hurdles remain Microreactors will have to prove their technology to attract investors and will have to work closely with the NRC to ensure an efficient licensing process. The NRC must accommodate a plethora of new technologies for microreactors and SMRs. Last Energy is using "proven technology, commercially available supply chains, and existing fuel sources because these are familiar to regulators," the company spokesperson noted. For exclusive nuclear insights, sign up to our newsletter. Nuclear can still face public perception risks and developers face uncertainty regarding subsidies for low carbon technologies and the ability for the NRC to license multiple designs in a time efficient manner, Righetti said. Industrial applications in some states may also face uncertainty over to "what extent utility regulations will apply if the power user is not also the reactor owner/operator", she said. While some developers argue that microreactors are not in competition with large SMRs because they target different markets, Righetti said they could shift the focus of investment away from other nuclear technologies. Most developers are targeting completion of first reactors in around 2030 and eyeing commercial deployments in remote mining and industrial operations by the early 2030s. Last Energy is pushing ahead with deployment in the UK and completed units could help boost its U.S. prospects. The company aims to deliver its first unit in Wales in 2027, pending licensing and permitting processes, and could swiftly follow this with units elsewhere, the company says.
