Standard Nuclear (NYSE:STDN) Shares Climb 12.1% – Here’s Why

Standard Nuclear, Inc. (NYSE:STDN) shares were up 12.1% during mid-day trading on Tuesday. The stock traded as high as $14.87 and last traded at $14.59. Approximately 732,256 shares were traded during mid-day trading, a decline of 13% from the average session volume of 845,564 shares. The stock had previously closed at $13.01.

Wall Street Analysts Forecast Growth

Several analysts have commented on STDN shares. Needham & Company LLC began coverage on shares of Standard Nuclear in a research report on Tuesday. They set a “buy” rating and a $18.00 price target for the company. Stifel Nicolaus set a $17.00 target price on shares of Standard Nuclear in a research note on Friday, August 28th. Bank of America began coverage on shares of Standard Nuclear in a report on Monday, August 10th. They issued a “buy” rating and a $15.00 price target on the stock. CLSA upgraded Standard Nuclear to a “neutral” rating in a report on Tuesday. Finally, UBS Group raised their price objective on Standard Nuclear from $14.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, September 1st. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Standard Nuclear has a consensus rating of “Moderate Buy” and a consensus price target of $16.88.

Standard Nuclear Trading Down 5.0%

The company has a market cap of $2.11 billion and a P/E ratio of -112.50. The stock has a fifty day moving average price of $12.36.

Standard Nuclear (NYSE:STDN) last posted its quarterly earnings results on Thursday, August 27th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.08). The business had revenue of $1.64 million during the quarter, compared to the consensus estimate of $2.97 million. Analysts anticipate that Standard Nuclear, Inc. will post -0.43 EPS for the current fiscal year.

Standard Nuclear Company Profile

Standard Nuclear, Inc (NYSE: STDN) is a U.S.-based nuclear fuel company focused on the development and production of advanced fuels for next-generation reactors. Its activities center on specialized fuel technologies intended to support the deployment of advanced nuclear power systems.

The company’s principal focus includes TRISO fuel, a form of coated particle fuel designed for high-temperature gas-cooled reactors and certain microreactor applications. Standard Nuclear is working to establish commercial-scale fuel manufacturing capabilities and support the broader advanced nuclear supply chain.

Standard Nuclear’s operations are primarily oriented toward the U.S.