Standard Nuclear (NYSE:STDN) Stock Rated Buy in New Coverage at Needham & Company LLC

Needham & Company LLC began coverage on shares of Standard Nuclear (NYSE:STDN) in a report released on Tuesday morning, MarketBeat reports. The firm issued a buy rating and a $18.00 target price on the stock.

A number of other brokerages also recently commented on STDN. Wall Street Zen lowered shares of Standard Nuclear from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Zacks Research upgraded shares of Standard Nuclear to a “hold” rating in a research report on Thursday, August 20th. William Blair started coverage on shares of Standard Nuclear in a research note on Monday, August 10th. They set an “outperform” rating for the company. UBS Group boosted their price target on shares of Standard Nuclear from $14.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, September 1st. Finally, Bank of America started coverage on shares of Standard Nuclear in a research note on Monday, August 10th. They issued a “buy” rating and a $15.00 price target on the stock. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.88.

Standard Nuclear Trading Down 4.9%

NYSE:STDN opened at $13.51 on Tuesday. Standard Nuclear has a fifty-two week low of $7.05 and a fifty-two week high of $17.34. The firm’s 50-day simple moving average is $12.48. The stock has a market cap of $2.11 billion and a PE ratio of -112.58.

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