核能新贵遭唱空!拉登堡塔尔曼大砍Nano Nuclear Energy(NNE.US)目标价至9美元

智通财经
Aug 19, 2025

智通财经APP获悉,拉登堡塔尔曼(Ladenburg Thalmann)将Nano Nuclear Energy(NNE.US)评级从“买入”下调至“卖出”,并将其目标股价下调至 9 美元,理由是预期成本上升、重大稀释风险以及竞争压力不断加大。

拉登堡塔尔曼分析师Michael Legg表示,他原本希望Nano Nuclear Energy的管理层能够优化其战略,优先推进核心项目,尤其是Kronos反应堆项目;然而,该公司在第三季度的业务更新中却“继续推行一种广泛多元化的模式,涵盖燃料、运输和咨询等附属业务”,这对于Nano Nuclear Energy这样的规模和资本实力而言是“干扰因素”,而且其信誉也因未能按时完成任务以及过大的战略野心而受损。

Legg指出,需要明白的是,Nano Nuclear Energy仍是一家处于创业阶段的公司:反应堆的收入最早也要到 2031 年才会产生;此前的几项管理预测均未实现,包括对 2024 年年底咨询收入的预期;而且关于在 2025 年末或 2026 年初实现公司 ALIP 技术商业化的当前预测也尚未得到证实——这位分析师表示,他将密切关注订单是否会出现。

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