Terrestrial Energy (NASDAQ:IMSR – Get Free Report) was upgraded by equities researchers at Roth Capital to a “strong-buy” rating in a report issued on Tuesday, Zacks reports.
Several other analysts have also commented on IMSR. Wall Street Zen raised Terrestrial Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Terrestrial Energy in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $14.00.
Check Out Our Latest Analysis on Terrestrial Energy
Terrestrial Energy Stock Up 2.9%
Terrestrial Energy (NASDAQ:IMSR – Get Free Report) last posted its earnings results on Tuesday, August 11th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. Sell-side analysts expect that Terrestrial Energy will post -0.44 EPS for the current fiscal year.
Institutional Trading of Terrestrial Energy
Institutional investors and hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC raised its holdings in Terrestrial Energy by 136.1% during the first quarter. Renaissance Technologies LLC now owns 407,900 shares of the company’s stock valued at $2,449,000 after acquiring an additional 235,100 shares during the period. Yorkville Advisors Global LP bought a new position in shares of Terrestrial Energy in the first quarter worth about $733,000. FNY Investment Advisers LLC boosted its stake in shares of Terrestrial Energy by 129.2% in the second quarter. FNY Investment Advisers LLC now owns 151,650 shares of the company’s stock worth $1,073,000 after acquiring an additional 85,490 shares during the period. Engineers Gate Manager LP purchased a new stake in shares of Terrestrial Energy during the second quarter worth about $583,000. Finally, Bank of America Corp DE grew its position in shares of Terrestrial Energy by 96.0% during the first quarter. Bank of America Corp DE now owns 132,750 shares of the company’s stock worth $797,000 after purchasing an additional 65,021 shares in the last quarter.
About Terrestrial Energy
Terrestrial Energy (Nasdaq: IMSR) is a developer of Generation IV nuclear plants that use its proprietary Integral Molten Salt Reactor (IMSR). The IMSR captures the operating benefits of molten salt reactor technology in a plant design that prioritizes capital efficiency, cost reduction, versatility and functionality of nuclear energy supply.
IMSR plants are designed to be small and modular for distributed supply of low-cost, reliable, dispatchable, clean, high-temperature industrial heat and electricity, extending the application of nuclear energy beyond electric power markets to industrial applications such as petrochemical and chemical synthesis and data center operation.
Featured Stories
- Five stocks we like better than Terrestrial Energy
- Meta’s Muse Highlights Arm’s Growing Role in AI Infrastructure
- Oura’s $15.6 Billion IPO Is Betting Investors See More Than a Smart Ring
- AMD Chips Away at NVIDIA’s AI Throne
- Is the Fed Playing Chess With Rates—Or Just Behind the Curve Again?
Receive News & Ratings for Terrestrial Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Terrestrial Energy and related companies with MarketBeat.com's FREE daily email newsletter.
