Shares of Terrestrial Energy Inc. (NASDAQ:IMSR – Get Free Report) shot up 9.8% during trading on Friday . The stock traded as high as $7.59 and last traded at $7.6070. 1,507,251 shares traded hands during trading, a decline of 47% from the average session volume of 2,817,693 shares. The stock had previously closed at $6.93.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on IMSR. Weiss Ratings restated a “sell (d-)” rating on shares of Terrestrial Energy in a report on Monday, May 11th. Northland Securities began coverage on Terrestrial Energy in a report on Thursday, January 29th. They set an “outperform” rating and a $15.00 target price on the stock. Finally, Zacks Research upgraded Terrestrial Energy to a “hold” rating in a report on Friday, January 30th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $13.50.
Check Out Our Latest Analysis on IMSR
Terrestrial Energy Stock Performance
Terrestrial Energy (NASDAQ:IMSR – Get Free Report) last issued its quarterly earnings results on Monday, March 30th. The company reported ($0.50) earnings per share (EPS) for the quarter. Research analysts predict that Terrestrial Energy Inc. will post -0.46 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Terrestrial Energy
Several hedge funds have recently added to or reduced their stakes in IMSR. Bank of New York Mellon Corp acquired a new position in Terrestrial Energy in the first quarter valued at about $102,000. Swiss National Bank acquired a new position in Terrestrial Energy in the first quarter valued at about $340,000. Yorkville Advisors Global LP acquired a new position in Terrestrial Energy in the first quarter valued at about $733,000. Renaissance Technologies LLC lifted its stake in Terrestrial Energy by 136.1% in the first quarter. Renaissance Technologies LLC now owns 407,900 shares of the company’s stock valued at $2,449,000 after buying an additional 235,100 shares during the period. Finally, California State Teachers Retirement System acquired a new position in Terrestrial Energy in the first quarter valued at about $188,000.
Terrestrial Energy Company Profile
Terrestrial Energy Inc produces carbon free nuclear energy in North Carolina and internationally. The company was founded in 2013 and is headquartered in Charlotte, North Carolina.
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