Roth Starts NANO Nuclear at Buy With $45 Target as AI Datacenter Power Demand Surges
Updated
Updated · CNBC · Jun 19
Roth Starts NANO Nuclear at Buy With $45 Target as AI Datacenter Power Demand Surges
1 articles · Updated · CNBC · Jun 19
Summary
$45 is Roth Capital's price target for NANO Nuclear, implying about 60% upside after it initiated coverage with a buy rating.
Roth tied the call to rising AI datacenter electricity needs and said Nano is moving quickly to commercialize its 15 MWe KRONOS micro-modular reactor while expanding across the uranium lifecycle.
Potential advance orders from hyperscalers could be a key catalyst as Amazon and Nvidia have pledged at least $700 billion combined for AI data centers that require heavy power loads.
NANO shares have already climbed 17% in the past month and 33% in three months, while Wall Street is broadly positive with five of six analysts rating the stock buy or strong buy.