10 Hot New Stocks to Buy Now

8. NANO Nuclear Energy Inc. (NASDAQ:NNE)

6-Months Performance: 189.06%

Analyst Upside Potential: 46.20%

Number of Hedge Fund Holders: 10

NANO Nuclear Energy Inc. (NASDAQ:NNE) is a nuclear energy company that focuses on developing advanced nuclear technology. They aim to be a commercial, diversified, and vertically integrated company involved in multiple aspects of the nuclear industry. The company is creating portable microreactors, including the ZEUS solid core battery reactor and the ODIN low-pressure coolant reactor. Moreover, they are also developing the stationary KRONOS Micro Modular Reactor Energy System and the space-focused Pylon Transportable Reactor Platform.

On February 18, the company reported having filed four new utility patent applications with the United States Patent and Trademark Office for its Annular Linear Induction Pump (ALIP) technology. The ALIP technology, a thermal management and distribution system using electromagnetic pumps, is crucial for developing advanced molten-salt and liquid-metal nuclear reactors. The stock has gained around 190% over the past 6 months to become one of the hot new stocks to buy now. However, it still has a negative net income and is yet to generate revenue.