Week Ahead
SEQH Capital Research | Week of September 14, 2026
The full Week Ahead report goes out this evening. Below is the research agenda we’re working against for the next five sessions, and why each item is on the board.
It’s a heavier week than usual. Four workstreams, one of which has been building for a while.
1. IPOs: Going Deeper
We’ve been tracking the new-issue calendar at a surface level for most of this year. That stops this week.
The deeper work covers the pieces that actually determine whether a listing is investable rather than just tradable:
Lockup structure and the expiry schedule sitting in front of each name
Float as a percentage of shares outstanding, and who holds the rest
Underwriter syndicate composition and what that has historically signaled about aftermarket support
Use-of-proceeds language versus the actual cash burn in the filing
Where pricing landed relative to the initial range, and what the revision tells you
The goal is a repeatable framework, not a hot list. Once the framework is built, every subsequent listing gets run through the same filter.
2. SIVE: Risk/Reward at Current Levels
Sivers Semiconductors (Nasdaq Stockholm: SIVE, OTC: SIVEF) is a Swedish photonics and wireless semiconductor business split across two units: a Photonics segment building laser and optical amplifier technology aimed at AI datacenter interconnect, and a Wireless segment in mmWave RFICs and beamforming.
The reason it’s on the list is the gap between narrative and financials. The company has real exposure to one of the strongest secular demand curves in the market, has expanded its stated opportunity pipeline substantially, and has raised capital to fund manufacturing expansion. It is also unprofitable, has used directed share issues to fund itself, and has traded across an extraordinarily wide range over the trailing twelve months.
That combination is exactly where risk/reward work earns its keep. This week’s piece examines:
Dilution history and what the capital structure looks like after the recent raise
Product revenue growth versus total revenue, and the quality of the mix shift
What has to be true on the design-win-to-revenue conversion for current levels to be justified
The downside case, sized honestly, including cash runway
Where the asymmetry sits, if it sits anywhere
No price target. A range, an assumption set, and the conditions that would invalidate it.
3. NNE: A Full-Circle Nuclear Buildout
NANO Nuclear Energy (Nasdaq: NNE) is the most complete expression we’ve found of a thesis we’ve been building toward for months: the nuclear trade is not a reactor trade. It’s a supply chain trade.
Over the past year NNE has moved to occupy multiple links in that chain rather than one. Reactor development continues across the KRONOS MMR, ZEUS, and ODIN platforms. On top of that sits a fuel-cycle effort, a transportation and logistics arm following the Secured Transportation Services acquisition, and a widening set of engineering partnerships. Recent public announcements include a detailed-design collaboration with Howden, a Baker Hughes business, on the KRONOS primary helium circulator, a fuel handling and storage collaboration with Fortil, a commercial framework with Tillman Digital Cities, a non-binding memorandum of understanding with Enveniam covering fuel conversion and deconversion and data center power, and a Department of the Air Force award.
Read individually, each is a press release. Read together, it’s an attempt to own the full circle: fuel in, reactor built, power delivered, material moved.
Our work this week underwrites that as a project, not as a ticker. What does the buildout actually cost. What is the realistic timeline from memorandum to binding contract to revenue. What does the balance sheet support without another raise. Where does vertical integration create genuine margin capture versus where does it just add execution risk.
Every number in that piece will be tied to a primary source with a date stamp. Where a figure doesn’t exist publicly, we’ll say so rather than model around it.
4. Macro and Broad Market Sector Forecasts into 2027
The final workstream is the widest. We’re publishing our sector framework for 2027, built off the macro conditions we think are most likely to hold rather than the ones that generate the best headlines.
This covers the rate path and what it does to duration-sensitive equities, where capital expenditure is still accelerating and where it has already peaked, the sectors carrying the heaviest embedded expectations, and the ones where positioning has gotten light enough to matter.
Forecasts get published with their assumptions attached. If the assumption breaks, the forecast goes with it, and we’ll say that in writing.
How We Work
SEQH Capital Research publishes underwriting, not opinions. Every piece states its assumptions up front, sources its inputs, and defines what would prove it wrong. We would rather be specific and revisable than vague and permanently defensible.
All research, including this week’s full reports, is at seqhresearch.com.
SEQH Capital Research publishes informational and educational content only. Nothing in this newsletter is investment advice, a recommendation, or an offer to buy or sell any security. We are not a registered investment adviser or broker-dealer. Securities discussed may be volatile and unsuitable for many investors. Do your own research and consult a licensed professional before making any investment decision.