HC Wainwright Initiates Coverage on Eagle Nuclear Energy (NASDAQ:NUCL)

Equities research analysts at HC Wainwright started coverage on shares of Eagle Nuclear Energy (NASDAQ:NUCL) in a report released 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 company’s current price.

Eagle Nuclear Energy Trading Down 4.9%

Shares of NASDAQ:NUCL opened at $6.65 on Wednesday. The company has a market cap of $196.71 million, a P/E ratio of -7.00 and a beta of 0.35. Eagle Nuclear Energy has a 12 month low of $4.55 and a 12 month high of $14.22. The firm has a 50-day simple moving average of $7.20.

Eagle Nuclear Energy (NASDAQ:NUCL) last issued its quarterly earnings results on Monday, July 20th. The nuclear energy company reported ($0.87) EPS for the quarter.

Institutional Trading of Eagle Nuclear Energy

Hedge funds have recently bought and sold shares of the stock. Readystate Asset Management LP acquired a new stake in Eagle Nuclear Energy in the second quarter valued at approximately $796,000. Greenland Capital Management LP purchased a new position in Eagle Nuclear Energy in the second quarter worth $972,000. BlackRock Inc. acquired a new position in shares of Eagle Nuclear Energy during the second quarter worth $2,153,000. Alyeska Investment Group L.P. purchased a new stake in shares of Eagle Nuclear Energy during the 2nd quarter valued at $3,585,000. Finally, Lineage Point Capital LP purchased a new stake in shares of Eagle Nuclear Energy during the 2nd quarter valued at $5,752,000. Hedge funds and other institutional investors own 89.78% of the company’s stock.

About Eagle Nuclear Energy

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.