Hadron Energy (HDRN)
Develops transportable light-water microreactors for dedicated on-site power.
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Develops the planned Hadron Halo light-water micro-modular reactor for dedicated on-site power and intends to sell electricity under long-term power-purchase agreements or lease reactors. The pre-commercial model depends on U.S. licensing, factory production, third-party execution, fuel supply, and site approvals.
Develops the Hadron Halo, a planned factory-fabricated, truck-transportable light-water micro-modular reactor for dedicated power at data centers, industrial facilities, remote and critical sites, and distributed-energy installations. The design uses established pressurized-water-reactor architecture while miniaturizing the nuclear island for modular deployment.
Targets behind-the-meter or off-grid installations, intending to sell electricity under long-term power-purchase agreements; reactor leasing is another contemplated structure. U.S. licensing, domestic factory production, and domestic deployment are the initial focus, with engineering in Redwood City and a New York City office.
Operates before commercialization, without revenue since inception or internal manufacturing assets. Future deployment requires regulatory approvals, successful testing, third-party manufacturing and construction, qualified fuel supply, licensed operators, site approvals, and customer commitments that remain non-binding.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $319.2M · Total debt $22.8M · Total assets $841.3M · Shareholders' equity $770.3M
- Revenue
- $36.7M
- Operating income
- −$28.6M
- Net income
- −$25.7M
No dividends on record.
| Institutions | 267.95% | 191.58M shares | |
|---|---|---|---|
| 361 holders · as of Jun 30, 2026 | |||
| Insiders | 4.34% | 3.10M shares | |
| 10 holders · as of Sep 10, 2026 | |||
| Adds to | 272.29% | ||
71.50M company shares as of Sep 4, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (479.49M in the company's Sep 23, 2026 report, 71.50M elsewhere); stakes use the report.
These groups come from separate filings that can overlap, so they add to 272.29%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 56.74% | 40.57M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 29.65% | 21.20M | as of Jun 30, 2026 |
Geode Capital Management, LLCInstitution | 17.34% | 12.40M | as of Jun 30, 2026 |
State Street CorpInstitution | 17.04% | 12.19M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 15.07% | 10.77M | as of Jun 30, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
- Oklo
On-site nuclear power sales for data centers and industrial customers.
- Nano Nuclear Energy
Portable microreactors for the same remote and on-site power loads.
- X-energy
Advanced SMRs and fuel for industrial, grid, and AI power projects.
- NuScale Power
Light-water SMRs serving overlapping utility and data-center demand.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Hadron Energy | $1.47 | −0.68% | $106.5M | — | — | 2.9 | +13.2% |
| Oklo | $39.46 | −2.45% | $7.04B | — | — | 5,816.5 | — |
| Nano Nuclear Energy | $17.23 | −0.55% | $930.1M | — | — | 4,345.2 | — |
| X-energy | $16.16 | −1.23% | $359.1M | — | — | — | — |
| NuScale Power | $8.76 | −1.52% | $2.65B | — | — | 247.9 | −99.1% |
| Median | — | — | 4,345.2 | −99.1% |