Terrestrial Energy (NASDAQ:IMSR) Upgraded to Strong-Buy at Roth Capital

Roth Capital upgraded shares of Terrestrial Energy (NASDAQ:IMSR) to a strong-buy rating in a research note released on Tuesday,Zacks reports.

A number of other analysts have also recently commented on IMSR. Wall Street Zen raised Terrestrial Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Terrestrial Energy in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $14.00.

Terrestrial Energy Trading Up 2.9%

Terrestrial Energy stock opened at $4.63 on Tuesday. The company has a market cap of $490.46 million, a PE ratio of -24.37 and a beta of 2.40. The company’s 50-day moving average is $5.16 and its two-hundred day moving average is $6.39. Terrestrial Energy has a 1 year low of $4.14 and a 1 year high of $31.50.

Terrestrial Energy (NASDAQ:IMSR) last announced its quarterly earnings data 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. Research analysts forecast that Terrestrial Energy will post -0.44 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC grew its holdings in shares of Terrestrial Energy by 136.1% in the 1st 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 in the last quarter. Yorkville Advisors Global LP bought a new stake in Terrestrial Energy during the first quarter worth about $733,000. Swiss National Bank bought a new stake in Terrestrial Energy during the first quarter worth about $340,000. Flax Pond Capital LLC bought a new stake in Terrestrial Energy during the first quarter worth about $96,000. Finally, SkyView Investment Advisors LLC acquired a new position in Terrestrial Energy during the second quarter valued at approximately $27,000.

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.