NANO Nuclear Energy Inc. (NNE) Has Gained 89% Since Jim Cramer Said It "Loses A Lot Of Money"

We recently published Jim Cramer’s 13 Quantum Computing & Nuclear Stock Predictions – See How They Played Out! NANO Nuclear Energy Inc. (NASDAQ:NNE) is one of the stocks Jim Cramer recently discussed.

NANO Nuclear Energy Inc. (NASDAQ:NNE) is a new-age nuclear technology company developing solid-core battery reactors. Its products make the firm one of the most speculative nuclear power stocks. NANO Nuclear Energy Inc. (NASDAQ:NNE)’s shares have gained 31% year-to-date and 89% since Cramer commented on the firm in October. One major catalyst for the stock came in May after President Trump signed an executive order to boost the small nuclear reactor industry in the US. Cramer commented on the firm’s financials, and his worries aren’t unwarranted as NANO Nuclear Energy Inc. (NASDAQ:NNE) posted a net loss of $10.1 million during its fiscal year ending in September 2024 on the back of no revenue:

“I am aware of it. Let’s just be honest… That company loses a lot of money”

Cramer’s more recent comments about NANO Nuclear Energy Inc. (NASDAQ:NNE) have advised viewers to sell the stock:

“I think you just sell Nano Energy. I think the first time we’ll see any nuclear… in this country is 2033 and that’ll be done by GE Vernova if it’s lucky.”

While we acknowledge the potential of NNE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.