Eagle Nuclear Energy (NASDAQ:NUCL) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of Eagle Nuclear Energy (NASDAQ:NUCL) from a hold rating to a sell rating in a research report released on Saturday morning,Wall Street Zen reports.

Separately, HC Wainwright began coverage on Eagle Nuclear Energy in a research note on Wednesday, September 2nd. They set a “buy” rating and a $11.50 price objective for the company. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $11.50.

Eagle Nuclear Energy Price Performance

NASDAQ:NUCL opened at $6.76 on Friday. Eagle Nuclear Energy has a one year low of $4.55 and a one year high of $14.22. The business has a fifty day moving average of $6.95. The stock has a market cap of $199.96 million, a price-to-earnings ratio of -7.12 and a beta of 0.36.

Eagle Nuclear Energy (NASDAQ:NUCL) last released its earnings results on Monday, July 20th. The nuclear energy company reported ($0.87) earnings per share for the quarter. Research analysts anticipate that Eagle Nuclear Energy will post -1.37 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NUCL. Lineage Point Capital LP bought a new position in Eagle Nuclear Energy in the 2nd quarter worth approximately $5,752,000. BlackRock Inc. purchased a new position in shares of Eagle Nuclear Energy in the second quarter worth $2,153,000. Alyeska Investment Group L.P. purchased a new position in shares of Eagle Nuclear Energy in the second quarter worth $3,585,000. Greenland Capital Management LP bought a new position in shares of Eagle Nuclear Energy during the second quarter worth $972,000. Finally, Readystate Asset Management LP bought a new position in shares of Eagle Nuclear Energy during the second quarter worth $796,000. 89.78% of the stock is owned by hedge funds and other institutional investors.

Eagle Nuclear Energy Company Profile

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.