Nuclear nanoenergy (NASDAQ: NNE) Shares soared 12% as of 11:40 a.m. ET on Tuesday after announcing that it just acquired a subsidiary that generates real revenue and is profitable to boot.
Considering nanonuclear itself currently generates No revenue, this is great news for the new manufacturer of small modular (nuclear) power reactors.
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What you just bought Nano Nuclear
The company Nano just purchased, Secured Transportation Services LLC, specializes in the safe and compliant (safety standards) movement of radioactive and nuclear materials. It’s a perfect match for Nano, which plans to build and transport nuclear reactors and fuel in the future!
The price Nano paid is also pretty good.
Nano will pay $6 million in cash and $7 million in stock for its new subsidiary: $13 million in total. In exchange, you get a nuclear specialist with 20 years of experience, $7.1 million in annual revenue and $1.3 million in annual net profit. That equates to a purchase price of 10 times annual earnings and just 1.8 times sales.
If you take into account that Nano is currently trading infinitely both earnings and sales, it’s an obvious bargain. In fact, if we look five years into the future and see that S&P Global Market Intelligence predicts that Nano will have just $16.3 million in revenue in 2030, but will cost nearly $1.6 billion today… well, that means Nano has a very future price-sales ratio of almost 1,000.
And 1.8 times current sales is a batch cheaper than 1,000 times sales within five years.
What it means for nanonuclear stocks
Beyond simply getting a great price, Secured Transportation Services helps Nano become a fully integrated nuclear fuel transportation and logistics company, not only for itself, but also for other players in this industry.
Should You Buy Nano Nuclear Energy Stock Right Now?
Before you buy Nano Nuclear Energy stock, consider this:
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Consider when netflix made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation, you would have $477,813!* Or when NVIDIA made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation, you would have $1,320,088!*