Amazon.com Inc. Alphabet Inc.'s Google, Meta Platforms Inc. and Dow Inc. have joined a growing coalition of companies pledging support to triple global nuclear capacity by 2050, signaling a significant shift in how tech companies plan to power their energy-intensive operations.
Operating losses widened to $3.92 million compared to $1.35 million in the same quarter a year ago. The company reported an earnings loss of $0.09, which was wider than the expected loss of $0.07, according to FinChat data.
Nano Nuclear founder and chairman Jay Yu said the inclusion will significantly enhance the firm’s visibility and accessibility among capital markets and institutional investors worldwide.
NANO Nuclear’s New York facility will be used to demonstrate the operation and viability of several non-nuclear parts and components of the company’s four nuclear microreactors in development.
Shares of nuclear energy companies, including Nano Nuclear Energy Inc. (NASDAQ: NNE), Oklo Inc. (NYSE: OKLO) and NuScale Power Corporation (NYSE: SMR) are trading lower Monday following the emergence of China's DeepSeek AI model, which has triggered uncertainty across multiple sectors.
As the world transitions to cleaner and more sustainable energy solutions, nuclear power is experiencing a resurgence as a key player in the energy sector.
Nano Nuclear Energy Inc (NASDAQ:NNE) shares are trading higher Tuesday. The company announced a deal to acquire nuclear technology assets from Ultra Safe Nuclear Corporation.
