BTIG Research Begins Coverage on Newcleo (NASDAQ:NWCL)

Research analysts at BTIG Research initiated coverage on shares of Newcleo (NASDAQ:NWCL – Get Free Report) in a research note issued to investors on Monday, Marketbeat Ratings reports. The brokerage set a “neutral” rating on the stock.

Newcleo Stock Performance

Shares of NASDAQ NWCL opened at $4.28 on Monday. Newcleo has a 52-week low of $4.20 and a 52-week high of $8.88.

About Newcleo

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Newcleo is a nuclear technology company founded in 2021 to develop small modular reactors based on lead-cooled fast reactor technology. Its designs are intended to provide low-carbon electricity while improving fuel efficiency and supporting the use of recycled nuclear materials.

The company’s development program includes a small demonstration reactor and a larger commercial reactor design. Newcleo is also working on nuclear fuel-cycle technologies, including the production and use of mixed-oxide (MOX) fuel made from materials recovered from spent nuclear fuel.

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