Terrestrial Energy (NASDAQ:IMSR) Cut to “Strong Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Terrestrial Energy (NASDAQ:IMSR) from a sell rating to a strong sell rating in a research report report published on Saturday,Wall Street Zen reports.

IMSR has been the topic of several other reports. Weiss Ratings lowered shares of Terrestrial Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, October 8th. Lake Street Capital initiated coverage on Terrestrial Energy in a report on Wednesday, October 21st. They issued a “buy” rating and a $15.00 price objective for the company. Finally, Roth Capital began coverage on Terrestrial Energy in a report on Tuesday, September 22nd. They set a “buy” rating and a $15.00 price target on the stock. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $13.40.

Terrestrial Energy Stock Up 5.0%

NASDAQ IMSR opened at $2.94 on Friday. The stock has a 50-day moving average of $4.36 and a two-hundred day moving average of $6.51. Terrestrial Energy has a 1-year low of $2.70 and a 1-year high of $21.60.

Terrestrial Energy (NASDAQ:IMSR) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. On average, sell-side analysts forecast that Terrestrial Energy will post -0.50 EPS for the current year.

Insider Transactions at Terrestrial Energy

In other Terrestrial Energy news, CEO Simon Irish purchased 16,900 shares of Terrestrial Energy stock in a transaction on Tuesday, October 13th. The shares were bought at an average price of $3.01 per share, with a total value of $50,869.00. Following the completion of the acquisition, the chief executive officer directly owned 2,312,834 shares of the company’s stock, valued at approximately $6,961,630.34. This trade represents a 0.74% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 28.60% of the company’s stock.

Institutional Trading of Terrestrial Energy

A number of institutional investors have recently modified their holdings of the company. Valeo Financial Advisors LLC acquired a new stake in Terrestrial Energy during the 3rd quarter valued at $58,000. SkyView Investment Advisors LLC purchased a new position in Terrestrial Energy in the second quarter valued at about $27,000. WINTON GROUP Ltd boosted its holdings in Terrestrial Energy by 1.6% in the second quarter. WINTON GROUP Ltd now owns 504,000 shares of the company’s stock valued at $3,568,000 after purchasing an additional 7,700 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in Terrestrial Energy during the 2nd quarter valued at approximately $583,000. Finally, Bank of New York Mellon Corp acquired a new stake in Terrestrial Energy during the 2nd quarter valued at approximately $120,000.

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.