Advanced nuclear technologies, particularly small modular reactors (SMRs), have emerged as one of Wall Street’s hottest investment themes. With hyperscale data centers facing soaring power demands driven by artificial intelligence (AI) and cloud computing, many investors see SMRs as a potential game-changing energy solution. That optimism has fueled significant interest in companies developing next-generation nuclear technologies, including Nano Nuclear Energy (NNE).
Despite generating no revenue and likely remaining several years away from meaningful commercial operations, the company has already amassed a market value of more than $1 billion. And investor enthusiasm climbed even higher on Wednesday, with shares rising more than 5% after Roth Capital initiated coverage with a “Buy” rating and a $45 price target, suggesting roughly 63.7% upside from current levels.
