12 Best Uranium Stocks to Invest in According to Analysts

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

Number of Hedge Fund Holders: 10

Average Upside Potential: 139.17%

NANO Nuclear Energy Inc. (NASDAQ:NNE) is a New York-based company working on next-gen nuclear tech. The company is developing two innovative reactors: ZEUS, a compact solid-core battery reactor, and ODIN, which uses a low-pressure salt coolant system. It is one of the best uranium stocks based on average upside potential.

Benchmark maintained a Buy rating on NANO Nuclear Energy Inc. (NASDAQ:NNE) with a price target of $45 on April 1. NANO’s main focus is on its Kronos microreactor, which will be the company’s first commercial product. With strong financials and ongoing efforts to secure licenses, the company is preparing for market entry.

On April 2, NANO Nuclear Energy Inc. (NASDAQ:NNE) partnered with the University of Illinois Urbana-Champaign to build the first KRONOS micro modular reactor (MMR) for research purposes on the university’s campus. This partnership is a big step forward for NANO, as it moves from design to actual construction. The project will involve regulatory licensing, environmental studies, and public engagement, bringing the company closer to launching its technology on a larger scale.

According to Insider Monkey’s fourth quarter database, 10 hedge funds were long NANO Nuclear Energy Inc. (NASDAQ:NNE), with collective stakes worth $44.7 million.