Terrestrial Energy (NASDAQ:IMSR) Stock Picked Up by Analysts at Lake Street Capital

Key Points

• Lake Street Capital initiated coverage of Terrestrial Energy with a “Buy” rating and a $15 price target, implying 435.71% potential upside from the reported $2.80 share price.
• Analyst sentiment is mixed but leans positive: four analysts rate the stock Buy, one Hold, and one Sell, producing a “Moderate Buy” consensus and an average target price of $14.25.
• Terrestrial Energy reported a quarterly loss of $0.09 per share, slightly better than the $0.10 consensus estimate. CEO Simon Irish also bought 16,900 shares, while insiders collectively own 28.6% of the company.

Lake Street Capital began coverage on shares of Terrestrial Energy (NASDAQ:IMSR - Get Free Report) in a research note issued on Wednesday, Briefing.com reports. The brokerage set a "buy" rating and a $15.00 price target on the stock. Lake Street Capital's price target points to a potential upside of 435.71% from the stock's current price.

IMSR has been the topic of a number of other research reports. Wall Street Zen raised shares of Terrestrial Energy from a "strong sell" rating to a "sell" rating in a research note on Saturday, August 15th. Weiss Ratings cut shares of Terrestrial Energy from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Thursday, October 8th. Finally, Roth Capital started coverage on shares of Terrestrial Energy in a research note on Tuesday, September 22nd. They issued 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 an average rating of "Moderate Buy" and an average target price of $14.25.

Terrestrial Energy Stock Performance

NASDAQ:IMSR opened at $2.80 on Wednesday. Terrestrial Energy has a fifty-two week low of $2.79 and a fifty-two week high of $23.60. The company has a fifty day moving average of $4.52 and a two-hundred day moving average of $5.99.

Terrestrial Energy (NASDAQ:IMSR - Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($0.09) earnings per share for the quarter, topping analysts' consensus estimates of ($0.10) by $0.01. As a group, sell-side analysts anticipate that Terrestrial Energy will post -0.50 earnings per share for the current year.

Insider Activity

In other Terrestrial Energy news, CEO Simon Irish acquired 16,900 shares of the stock in a transaction dated Tuesday, October 13th. The stock was acquired at an average price of $3.01 per share, with a total value of $50,869.00. Following the completion of the purchase, the chief executive officer owned 2,312,834 shares in the company, valued at $6,961,630.34. This trade represents a 0.74% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 28.60% of the company's stock.

Institutional Investors Weigh In On Terrestrial Energy

Large investors have recently added to or reduced their stakes in the business. Valeo Financial Advisors LLC acquired a new position in shares of Terrestrial Energy in the third quarter worth $58,000. SkyView Investment Advisors LLC purchased a new stake in shares of Terrestrial Energy during the second quarter worth $27,000. WINTON GROUP Ltd increased its position in shares of Terrestrial Energy by 1.6% during the second quarter. WINTON GROUP Ltd now owns 504,000 shares of the company's stock worth $3,568,000 after acquiring an additional 7,700 shares during the period. Engineers Gate Manager LP acquired a new stake in shares of Terrestrial Energy in the second quarter valued at $583,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Terrestrial Energy in the second quarter valued at $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.

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