This nuclear stock will benefit from AI datacenter buildout and soaring energy demand, Roth Capital says

Nano Nuclear Energy stock is poised to benefit as the nuclear power provider takes steps to commercialize its micro-modular reactor in the midst of the artificial intelligence power boom, according to Roth Capital Partners. The investment firm initiated research coverage of NANO Nuclear with a buy rating on Wednesday, giving the stock a $45 price target, implying 60% upside from Thursday's close.

"Management is making rapid progress toward commercializing its 15 MWe KRONOS micro-modular-reactor (MMR), while diversifying operations across the uranium lifecycle," analyst Craig Irwin wrote Wednesday in a 25-page report to clients. "The opportunity for SMR reactors will likely be very large … and demand is accelerating.

Potential advance orders from hyperscalers are an obvious catalyst." Nano Nuclear has jumped 17% in the past month on expectations of growing global power demand to run AI applications. In 2025, global electricity demand grew by 849 Terawatt-hours, according to a recent report from the International Energy Agency.

The stock's recent growth — Nano Nuclear is ahead 33% over the past three months — comes in the wake of hyperscalers such as Amazon and Nvidia pledging at least a combined $700 billion to construct AI data centers. Those facilities require massive amounts of energy, giving nuclear providers the ability to capitalize on calls for power.

Nano's KRONOS MMR is intended to generate 15 megawatts of electric power using a high-temperature gas-cooled reactor design and meltdown-resistant enriched uranium fuel. The design offers a "differentiated" power solution that gives Nano an edge over competitors, which could lift the stock over the long run, according to Roth Capital.

Roth Capital's call matches the consensus on Wall Street, where five of six analysts covering Nano rate it a buy or strong buy, LSEG data shows.