We met with a bassist thesis to Nano Nuclear Energy Inc. (NNE) in Wallstretbets Subreddit Young-Faithful page. In this article, we will summarize the thesis of bears on NNE. The Nano Nano Energy Inc. quota quota (NNE) traded to $ 22.75 from April 30^th.

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Nano Nuclear Energy (NNE), founded in 2022, is a nuclear startup with ambitions to develop the first portable nuclear reactor in the world, while aiming to be a completely vertically integrated actor in the sector: to handle everything, from the reactor design and the enrichment of fuel for transport and consultation. Despite being at an extremely early stage, the company has experienced a meteoric increase since its OIP in May 2024, where shares debuted around $ 4 and increased more than 1000% at its peak, placing around a $ 1.1 billion market lid. However, NNE’s foundations tell a different story. At the time of its OIP, the company had no patents, work prototypes, nor clear regulatory progress and only a little trained technical team. The founder has no experience in nuclear energy, formerly participating in inaccurate mining companies, although the CEO contributes credibility with a background to the United Kingdom Defense Ministry and Rolls-Royce nuclear programs.

The situation led to the criticism of Hunterbrook Media, a short sale firm that raised these problems by 2023. Although the actions initially fell in response, it bounced after NNE retained a high -level lawyer and took a litigious position. Since then, the company has sought to improve its legitimacy by acquiring patents of third parties, contracting doctoral students and advisers, forming non -binding agreements for future collaboration and looking for research aids. However, the calendar of these movements has raised concern for NNE prioritizing the public to build a credible business foundation. Compared to Oklo, a nuclear startup that has spent more than a decade navigating the technical and regulatory routes and only is worth the valuation of 3.5 times of NNE, the contrast is strong.

Publications in technical forums such as R/Nuclear are still skeptical, criticizing NNE’s unrealistic deadlines and the lack of proven progress. Despite these concerns, the actions benefit from their eligibility in net energy ETF, which has helped institutional property to reach 30%, with the rest dominated by retail investors. Many of the retail crowd, especially those who know companies like OKLO and SMR, may have bought NNEs without realizing the birth rate. In essence, NNE is a company that its current assessment seems more driven by a drum and optics than by substance or execution.