NANO Nuclear: An In-Depth Review of Reactors, Investments, and Short Sellers
An objective assessment of NANO's goal to become a vertically integrated nuclear powerhouse
Background
Incorporated in February 2022, NANO Nuclear Energy (NANO) started off with their Founder, Chairman, and President, Jay Jiang Yu, and CEO, James Walker. Yu is a businessman with almost 20 years experience in various consulting, directing, and management-level positions at multiple companies, public and private. Walker has a business management background as well, but also has a technical background in multiple engineering fields to include nuclear.
NANO went public on May 8th, 2024, pricing about 2.5m shares at $4. Since then, the company’s price sprinted to $29 by June, dropped back under $7 in August and September, and now trades back above $25. The stock is currently up over 600% since its IPO, with 30m shares valued at about $1 billion.
The company has significantly expanded its planned product line, patent portfolio, and list of subsidiaries, since first being founded in 2022. The company has also faced multiple short reports, with criticism for everything from current staff to stated milestones.
What is NANO? How do they plan to be a “diversified and vertically integrated nuclear energy company”? Well, let’s start with an overview of their different reactors and subsidiaries, talk about their recent investments, play some red team and talk about the short seller papers, and provide the most objective assessment possible on what NANO really is.