Eagle Nuclear Energy (NASDAQ:NUCL) Earns Buy Rating from Analysts at HC Wainwright

Stock analysts at HC Wainwright initiated coverage on shares of Eagle Nuclear Energy (NASDAQ:NUCLGet Free Report) in a research report issued on Wednesday, Marketbeat.com reports. The firm set a “buy” rating and a $11.50 price target on the nuclear energy company’s stock. HC Wainwright’s price target would suggest a potential upside of 72.93% from the stock’s previous close.

Eagle Nuclear Energy Price Performance

NASDAQ:NUCL opened at $6.65 on Wednesday. The firm has a market capitalization of $196.71 million, a price-to-earnings ratio of -7.00 and a beta of 0.35. Eagle Nuclear Energy has a 1-year low of $4.55 and a 1-year high of $14.22. The business has a fifty day simple moving average of $7.20.

Eagle Nuclear Energy (NASDAQ:NUCLGet Free Report) last announced its quarterly earnings results on Monday, July 20th. The nuclear energy company reported ($0.87) earnings per share for the quarter.

Institutional Trading of Eagle Nuclear Energy

Large investors have recently made changes to their positions in the company. Lineage Point Capital LP acquired a new stake in shares of Eagle Nuclear Energy in the second quarter valued at about $5,752,000. Alyeska Investment Group L.P. acquired a new position in Eagle Nuclear Energy during the second quarter worth about $3,585,000. BlackRock Inc. purchased a new stake in Eagle Nuclear Energy during the 2nd quarter valued at about $2,153,000. Greenland Capital Management LP acquired a new stake in Eagle Nuclear Energy in the 2nd quarter valued at about $972,000. Finally, Readystate Asset Management LP acquired a new stake in Eagle Nuclear Energy in the 2nd quarter valued at about $796,000. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

Eagle Nuclear Energy Company Profile

(Get Free Report)

Eagle Nuclear Energy Corp. operates as a mining and exploration company focused on mineral exploration and development in North America. The company is a nuclear energy company that combines domestic uranium exploration with proprietary Small Modular Reactor (SMR) technology. It also develops modular nuclear reactors to provide power for industrial and grid applications. The company was founded in 2023 and is headquartered in Reno, Nevada.

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