Latest news with #NanoNuclearEnergy
Yahoo
a day ago
- Business
- Yahoo
Why Nano Nuclear Energy Stock Was Red-Hot This Week
The nuclear energy sector got a boost from proposed modifications to President Trump's "Big, Beautiful Bill." The segment would receive an extension to the expiration date of key tax credits. 10 stocks we like better than Nano Nuclear Energy › Not for the first time this year, Nano Nuclear Energy (NASDAQ: NNE) stock was going somewhat nuclear over the past few trading sessions. On news that a Senate committee desires changes in President Trump's "Big, Beautiful Bill" that favor the once-struggling industry, interest rose sharply in nuclear stocks. Nano was a direct beneficiary of this; according to data compiled by S&P Global Market Intelligence, its share price had ballooned by nearly 25% week to date as of Friday before market open. The bill is an ambitious budget reconciliation proposal that would reshape the federal budget. Early in the week, one new change floated by the Senate Finance Committee was an adjustment of the tax credits the feds provide to energy producers. Some power-generation technologies currently out of favor with the present administration would have their tax credit expiration dates brought forward, while others would be granted extensions. Happily for Nano investors, nuclear energy is in the latter category. The committee is proposing that nuclear's energy production tax credit, currently set to be phased out on Dec. 31, 2032, have a new expiration date of Dec. 31, 2036. The president has been active in his support for nuclear power, which in the recent past was largely shunned. Its reputational decline was due mostly to high-profile accidents such as the Three Mile Island incident in 1979, and the catastrophic 1986 meltdown of the Chernobyl plant located in Ukraine (then part of the Soviet Union). Despite its very positive-sounding name, the "Big, Beautiful Bill" is controversial and contentious among both legislators and the U.S. public. Given that, it's very possible that it will be hammered out through more compromises -- and these might lead lawmakers to rescind the nuclear tax credit extension idea. Still, the proposal currently on the table at least indicates continued strong, top-level support for nuclear power, and that can only help companies like Nano. 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 $659,171!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $891,722!* Now, it's worth noting Stock Advisor's total average return is 995% — a market-crushing outperformance compared to 172% 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 June 9, 2025 Eric Volkman 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 Nano Nuclear Energy Stock Was Red-Hot This Week was originally published by The Motley Fool Sign in to access your portfolio
New York Post
6 days ago
- Business
- New York Post
Andrew Cuomo hit with ethics complaint for failing to disclose $2.6M in nuclear stock options
Former Gov. Andrew Cuomo has been hit with an ethics complaint for failing to disclose his more than $2.6 million worth of stock options in an advanced nuclear technology company before launching his mayoral campaign. The conservative watchdog group Foundation for Accountability and Civic Trust is demanding that the city's Conflicts of Interest Board investigate Cuomo to determine 'if he intentionally violated New York City's disclosure laws and enforce any appropriate penalties.' 'One of the most basic and fundamental ethics laws applicable to candidates and elected officials requires them to publicly disclose their financial interests,' FACT Executive Director Kendra Arnold wrote in a Monday letter to the COIB obtained by The Post. 'Unfortunately, it is this essential law that appears to have been violated by mayoral candidate Andrew Cuomo when he failed to fully disclose his financial interest in a company named Nano Nuclear Energy.' 3 Andrew Cuomo has faced pressure to release more information about his firm, Innovation Strategies' clients. Kevin C Downs forThe New York Post Cuomo's team amended his disclosure forms to detail the stock options on the same day a May 2 Politico report shed light on the previously undisclosed holdings in Nano Nuclear Energy, which touts its status as the first publicly listed nuclear microreactor company in the US. 'The goal of the City's Annual Disclosure Law is to have accurate and complete reporting by filers,' Carolyn Miller, executive director of the COIB, told The Post in response to questions about how the panel handles situations where candidates make amendments after media reporting. 'Amendments to annual disclosure reports to increase their accuracy and completeness are encouraged by the Conflicts of Interest Board.' Cuomo's spokesman, Rich Azzopardi, slammed the ethics complaint as a political hit job, noting that the campaign filed amended disclosure forms that divulged the stock options. 3 Nano Nuclear Energy is headquartered in Tennessee. SOPA Images/LightRocket via Getty Images 'These craven right wing nut jobs look stupid and should have done their due diligence before trying to grab a cheap headline,' Azzopardi railed. 'This was always publicly available information that had been filed with the Feds for a year,' he said, referring to Federal Trade Commission (FTC) filings. 'We said a month ago we'd consult with the board and make amendments as needed and that's exactly what we did.' The Big Apple mayoral hopeful landed a spot on Nano Nuclear's advisory board in March 2024 and his firm was subsequently given 125,000 in stock options for $3 a share that May, according to annual security filings. At the time of Politico's report, Nano Nuclear shares were trading around $24, so the holdings were worth an estimated $2.6 million. On Monday morning, the firm's shares were trading around $35, bringing that value up to around $4.37 million. Internally, the campaign wasn't clear whether it needed to disclose the filings to the COIB because the shares were held through Cuomo's limited liability company (LLC), Innovation Strategies, Politico reported. Innovation Strategies is a consulting firm that Cuomo started in April 2022, roughly eight months after he resigned as governor in the wake of a sexual harassment scandal, state business records indicate. The mayoral candidate's disclosures indicate that he has pocketed north of $500,000 from the consulting firm. Cuomo has faced pressure to divulge the firm's client list, but has declined to do so. 3 Andrew Cuomo is widely seen as the frontrunner in the New York City Democratic mayoral primary. Kevin C Downs forThe New York Post Cuomo's personal net worth is estimated to be hovering around $3.4 million, according to disclosures. The thrice-elected Democrat crossed paths with Nano Nuclear's founder, Jiang 'Jay' Yu, during a networking event last year, and the company was keen on leveraging his 'connections' in New York state, Yu told Bloomberg. 'He took a leap of faith on us,' Yu added. Amended filings indicated that Cuomo has not yet exercised his holdings in the shoestring nuclear startup. The company does not appear to do business in New York City, and its headquarters are located in Tennessee. The former governor's position on Nano Nuclear's advisory board was publicly known before the report last month shed light on the disclosure concerns. The firm and its CEO had congratulated Cuomo on LinkedIn and X after he jumped into the mayoral contest in March, but later deleted those social media posts, according to Politico. Cuomo is famous for crusading to shutter the since-defunct three-unit Indian Point Energy Center in Westchester County, which had been the Big Apple's biggest source of carbon-free energy. At the time, Cuomo expressed safety concerns with the plant, particularly given its proximity to the Big Apple and feared the consequences of an accident at the facility. Despite pushing to close Indian Point, Cuomo also championed subsidies for other nuclear plants in the state. Cuomo is widely seen as the frontrunner in the June 24 Democratic mayoral primary. The Post reached out to Nano Nuclear for comment.
Yahoo
30-05-2025
- 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
