BTIG Research initiated coverage on shares of Newcleo (NASDAQ:NWCL – Free Report) in a research note published on Monday morning, Marketbeat.com reports. The firm issued a neutral rating on the stock.
Newcleo Stock Performance
Shares of NASDAQ:NWCL opened at $4.75 on Monday. Newcleo has a 12-month low of $4.63 and a 12-month high of $8.88.
About Newcleo
Newcleo is a nuclear technology company founded in 2021 to develop small modular reactors based on lead-cooled fast reactor technology. Its designs are intended to provide low-carbon electricity while improving fuel efficiency and supporting the use of recycled nuclear materials.
The company’s development program includes a small demonstration reactor and a larger commercial reactor design. Newcleo is also working on nuclear fuel-cycle technologies, including the production and use of mixed-oxide (MOX) fuel made from materials recovered from spent nuclear fuel.
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