Nano Nuclear Energy Inc.(US:NNE) Benzinga·2026-01-09 15:34Market Momentum - NANO Nuclear Energy shares experienced a rise as investors reacted positively to legal and sector news, with a notable increase in nuclear shares following energy deals in the clean power sector [1] - The signing of long-term supply agreements between Vistra Corp. and Oklo Inc. with Meta Platforms, Inc. boosted investor confidence, leading to a broader interest in nuclear power and advanced energy technology [2] Federal Court Ruling - A federal judge in the Southern District of New York dismissed all claims in a class action lawsuit against NANO Nuclear, which accused the company of misleading investors regarding leadership credentials and reactor development plans [3] - The court's ruling removed all defendants from the case, following a previous dismissal of a shareholder derivative suit [3] Company Strategy - NANO Nuclear focuses on developing micro modular nuclear reactors for power generation and clean energy systems, targeting small-scale industrial and data center power applications [5] - The company's lead product is the KRONOS MMR Energy System [5] Leadership Comment - The founder and chairman of NANO Nuclear expressed pride in the company's core values and commitment to advancing micro modular reactor technologies, emphasizing a focus on executing the company's strategy and delivering on stakeholder commitments [6] Management Focus - Management stated that employees are dedicated to advancing reactor development and building long-term shareholder value [7] - The company anticipates that the recent legal ruling will eliminate uncertainty and allow management to concentrate on achieving commercial milestones [8] Price Action - At the time of publication, NANO Nuclear shares were trading higher by 4.08% at $34.40 [8]