Roth Capital: Nano Nuclear Energy Poised for Explosive Growth Amid AI Data Center Boom, Projecting 60% Upside

Last updated: June 20, 2026 7:23 am

1 month ago

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Roth Capital Partners has initiated coverage on Nano Nuclear Energy (NANO) with a “buy” rating and a $45 price target, foreseeing a 60% upside. The firm believes Nano Nuclear’s micro-modular reactors are perfectly positioned to capitalize on the massive energy demands of the burgeoning AI data center industry. With major tech players like Amazon and Nvidia investing heavily in AI infrastructure, global electricity demand is soaring, creating a significant market opportunity for nuclear power providers like Nano Nuclear.

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Nano Nuclear Energy (NANO) is positioned for substantial growth, according to Roth Capital Partners, as the nuclear power firm moves to commercialize its micro-modular reactor amidst an unprecedented surge in artificial intelligence (AI) power demands. Roth Capital initiated research coverage on NANO Nuclear with a "buy" rating this Wednesday, setting an ambitious $45 price target, which suggests a significant 60% upside from Thursday's closing price.

"Management is making rapid progress toward commercializing its 15 MWe KRONOS micro-modular-reactor (MMR), while diversifying operations across the uranium lifecycle," stated analyst Craig Irwin in a comprehensive 25-page report to clients. Irwin emphasized the vast potential for Small Modular Reactor (SMR) technology, noting, "The opportunity for SMR reactors will likely be very large … and demand is accelerating. Potential advance orders from hyperscalers are an an obvious catalyst."

Nano Nuclear has already seen its stock climb by 17% over the last month, fueled by anticipation of rising global power needs for AI applications. A recent report from the International Energy Agency indicated a staggering 849 Terawatt-hours increase in global electricity demand in 2025. This momentum has propelled Nano Nuclear's stock up by 33% over the past three months, coinciding with major tech giants like Amazon and Nvidia committing a combined minimum of $700 billion towards developing new AI data centers. Such facilities are notoriously energy-intensive, creating a lucrative opportunity for nuclear power providers.

Nano's KRONOS MMR is designed to produce 15 megawatts of electric power utilizing a high-temperature gas-cooled reactor and enriched uranium fuel that is meltdown-resistant. Roth Capital believes this "differentiated" power solution gives Nano a competitive advantage, potentially boosting the stock's value long-term. This positive outlook from Roth Capital aligns with broader Wall Street sentiment, where LSEG data reveals that five out of six analysts covering Nano currently rate it either a "buy" or "strong buy."