ONE Nuclear Energy
ONEN on Nasdaq. ONE Nuclear Energy sells units to public investors to fund a future merger. Market value $200m.
Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.
Cash flow or capital spending isn't reported, so free cash flow is unknown.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
Nothing stands out yet.
See Utilities stocks that passed both tests
This is not advice. Check the numbers below.
We could not compute this from the filings.
The filings do not give us enough to work this out.
The filings do not give us enough to work this out.
Quality score: not known. Price score: 23 of 100. Our list needs 70 on quality and 60 on price.
$2.13 a share, 17% above its 1-year low
Over the past year the price has ranged from $1.82 to $12.05.
Pays no dividend
Prices from Monday’s close (5 October).
Five years of cash, in billions
| Revenue | |
| Revenue | n/a |
| Operating margin | |
| Operating margin | n/a |
| Debt to equity | |
| Debt to equity | n/a |
| Shares outstanding | |
| Shares outstanding | n/a |
Health checks
- Free cash flow positiveNot enough data
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)Not enough data
- Profit backed by cash (accruals)Not enough data
- DebtUnknown
- Revenue growth, five yearsUnknown
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Profit: $915,123, down 40% on a year ago.
- It has $259,477 more cash than debt, down from $2 million a year ago.
| Quarter to | Amount |
|---|---|
| March 2025 | $1m |
| June 2025 | $2m |
| September 2025 | $1m |
| December 2025 | -$42,896 |
| March 2026 | $575,611 |
| June 2026 | $915,123 |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 6 March 2026
- Next quarterly (estimated, 10-Q)
- 11 November 2026
Who owns it
We don't have fund holdings for this stock yet.
Big holders and activists
12 investors own more than 5%.
- Hennessy Thomas DPassive investorat least 25.2%(filed with 3 related holders)Since 31 March 2025
- Tenor Capital Management Company, L.P.Passive investorat least 8.6%(filed with 2 related holders)Since 17 January 2025
- Highbridge Capital Management, LLCPassive investor7.6%Since 31 December 2025
- Linden Advisors LPPassive investorat least 7.4%+1.2 pts(filed with 3 related holders)Since 31 December 2025
- North Rock Capital Management, LLCPassive investorat least 6.7%(filed with 1 related holder)Since 31 December 2025
- Verbena Value LPPassive investorat least 6.2%(filed with 1 related holder)Since 31 December 2025
- North Rock Capital Management, LLCPassive investorat least 6.2%(filed with 1 related holder)Since 31 March 2026
- W. R. Berkley CorporationPassive investorat least 5.6%(filed with 1 related holder)Since 30 June 2026
- AQR Capital Management, LLCPassive investorat least 5.4%−1.2 pts(filed with 2 related holders)Since 31 December 2025
- Glazer Capital, LLCPassive investorat least 5.1%+2.3 pts(filed with 1 related holder)Since 30 June 2026
- Fort Baker Capital Management LPPassive investorat least 4.9%−0.2 pts(filed with 2 related holders)Since 31 December 2025
- NCCS Management, LLCat least 4.6%(filed with 4 related holders)Since 23 September 2026
What they said
The Fund acquired the securities reported herein pursuant the Forward Purchase Agreement, entered into for the purpose of acting as a potential financing pathway for the Issuer. The information set forth in Items 3, 5 and 6 of this Statement is incorporated by reference into…
Read the filing - Meteora Capital, LLCPassive investorSold down below 5%Since 30 November 2025
- Healthcare of Ontario Pension Plan Trust FundPassive investorSold down below 5%Since 30 June 2025
- Lighthouse Investment Partners, LLCPassive investorSold down below 5%Since 31 March 2026
- The K2 Principal Fund, L.P.Passive investorSold down below 5%Since 31 December 2025
| Holder | Stake | Since | |
|---|---|---|---|
Hennessy Thomas D Passive investor | at least 25.2% (filed with 3 related holders) | 31 March 2025 | |
Tenor Capital Management Company, L.P. Passive investor | at least 8.6% (filed with 2 related holders) | 17 January 2025 | |
Highbridge Capital Management, LLC Passive investor | 7.6% | 31 December 2025 | |
Linden Advisors LP Passive investor | at least 7.4%+1.2 pts (filed with 3 related holders) | 31 December 2025 | |
North Rock Capital Management, LLC Passive investor | at least 6.7% (filed with 1 related holder) | 31 December 2025 | |
Verbena Value LP Passive investor | at least 6.2% (filed with 1 related holder) | 31 December 2025 | |
North Rock Capital Management, LLC Passive investor | at least 6.2% (filed with 1 related holder) | 31 March 2026 | |
W. R. Berkley Corporation Passive investor | at least 5.6% (filed with 1 related holder) | 30 June 2026 | |
AQR Capital Management, LLC Passive investor | at least 5.4%−1.2 pts (filed with 2 related holders) | 31 December 2025 | |
Glazer Capital, LLC Passive investor | at least 5.1%+2.3 pts (filed with 1 related holder) | 30 June 2026 | |
Fort Baker Capital Management LP Passive investor | at least 4.9%−0.2 pts (filed with 2 related holders) | 31 December 2025 | |
NCCS Management, LLC | at least 4.6% (filed with 4 related holders) | 23 September 2026 | What they saidThe Fund acquired the securities reported herein pursuant the Forward Purchase Agreement, entered into for the purpose of acting as a potential financing pathway for the Issuer. The information set forth in Items 3, 5 and 6 of this Statement is incorporated by reference into… Read the filing |
Meteora Capital, LLC Passive investor | Sold down below 5% | 30 November 2025 | |
Healthcare of Ontario Pension Plan Trust Fund Passive investor | Sold down below 5% | 30 June 2025 | |
Lighthouse Investment Partners, LLC Passive investor | Sold down below 5% | 31 March 2026 | |
The K2 Principal Fund, L.P. Passive investor | Sold down below 5% | 31 December 2025 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought or sold on the open market in the last 12 months.
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
- It owes more than it owns on paper (negative equity). Often that's from borrowing to buy back shares.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.