Terrestrial Energy (NASDAQ:IMSR) Research Coverage Started at Lake Street Capital

Lake Street Capital began coverage on shares of Terrestrial Energy (NASDAQ:IMSR) in a report published on Wednesday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $15.00 price target on the stock.

A number of other analysts also recently weighed in on IMSR. Roth Capital started coverage on shares of Terrestrial Energy in a research report on Tuesday, September 22nd. They set a “buy” rating and a $15.00 price target for the company. Weiss Ratings cut Terrestrial Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, October 8th. Finally, Wall Street Zen upgraded shares of Terrestrial Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Terrestrial Energy has a consensus rating of “Moderate Buy” and a consensus target price of $14.25.

Terrestrial Energy Trading Down 2.1%

NASDAQ IMSR opened at $2.80 on Wednesday. The company has a market capitalization of $296.60 million, a PE ratio of -14.74 and a beta of 2.52. The business’s 50-day moving average price is $4.34 and its 200 day moving average price is $5.92. Terrestrial Energy has a twelve month low of $2.73 and a twelve month high of $21.60.

Terrestrial Energy (NASDAQ:IMSR) last released its quarterly earnings data on Tuesday, August 11th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. Equities analysts predict that Terrestrial Energy will post -0.50 EPS for the current year.

Insider Buying and Selling

In other news, CEO Simon Irish acquired 16,900 shares of the stock in a transaction on Tuesday, October 13th. The shares were purchased at an average cost of $3.01 per share, for a total transaction of $50,869.00. Following the transaction, the chief executive officer owned 2,312,834 shares in the company, valued at approximately $6,961,630.34. This trade represents a 0.74% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 28.60% of the company’s stock.

Institutional Investors Weigh In On Terrestrial Energy

Several institutional investors have recently made changes to their positions in IMSR. 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 worth $3,568,000 after purchasing an additional 7,700 shares in the last quarter. 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 buying an additional 235,100 shares in the last quarter. FNY Investment Advisers LLC raised its holdings in Terrestrial Energy by 129.2% during the second quarter. FNY Investment Advisers LLC now owns 151,650 shares of the company’s stock valued at $1,073,000 after buying an additional 85,490 shares in the last quarter. Bank of America Corp DE raised its holdings in Terrestrial Energy by 96.0% during the first quarter. Bank of America Corp DE now owns 132,750 shares of the company’s stock valued at $797,000 after buying an additional 65,021 shares in the last quarter. Finally, Yorkville Advisors Global LP bought a new position in Terrestrial Energy during the first quarter valued at about $733,000.

Terrestrial Energy Company Profile

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.