Terrestrial Energy Inc. (NASDAQ:IMSR) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Analysts have a consensus “Hold” rating on Terrestrial Energy, with three buys, one hold and one sell among five analysts. The average 12-month price target is $13.50, including Roth Capital’s new $15 buy-rated target.
• IMSR opened at $4.50 and has traded between $4.14 and $31.50 over the past year, while its 50-day and 200-day moving averages stand at $5.18 and $6.41, respectively.
• The company reported a quarterly loss of $0.09 per share, beating expectations by $0.01, but analysts anticipate a full-year loss of $0.44 per share. Several institutional investors—including Renaissance Technologies and FNY Investment Advisers—recently increased their holdings.

Terrestrial Energy Inc. (NASDAQ:IMSR - Get Free Report) has been given a consensus recommendation of "Hold" by the five brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $13.50.

A number of brokerages recently commented on IMSR. Roth Capital started coverage on Terrestrial Energy in a report on Tuesday. They set a "buy" rating and a $15.00 price target on the stock. Weiss Ratings reiterated a "sell (d-)" rating on shares of Terrestrial Energy in a research note on Friday, August 7th. Finally, Wall Street Zen upgraded Terrestrial Energy from a "strong sell" rating to a "sell" rating in a research report on Saturday, August 15th.

Terrestrial Energy Stock Up 8.2%

NASDAQ IMSR opened at $4.50 on Tuesday. The company has a market capitalization of $476.69 million, a price-to-earnings ratio of -23.68 and a beta of 2.40. The stock has a fifty day simple moving average of $5.18 and a 200 day simple moving average of $6.41. Terrestrial Energy has a twelve month low of $4.14 and a twelve month high of $31.50.

Terrestrial Energy (NASDAQ:IMSR - Get Free Report) last announced its 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. Research analysts expect that Terrestrial Energy will post -0.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. WINTON GROUP Ltd boosted its stake in Terrestrial Energy by 1.6% during the second quarter. WINTON GROUP Ltd now owns 504,000 shares of the company's stock valued at $3,568,000 after buying an additional 7,700 shares during the period. Renaissance Technologies LLC increased its position in shares of Terrestrial Energy by 136.1% in the first quarter. Renaissance Technologies LLC now owns 407,900 shares of the company's stock worth $2,449,000 after purchasing an additional 235,100 shares during the last quarter. FNY Investment Advisers LLC raised its stake in Terrestrial Energy by 129.2% in the second quarter. FNY Investment Advisers LLC now owns 151,650 shares of the company's stock valued at $1,073,000 after purchasing an additional 85,490 shares in the last quarter. Bank of America Corp DE lifted its position 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 purchasing an additional 65,021 shares during the last quarter. Finally, Yorkville Advisors Global LP bought a new stake in Terrestrial Energy during the first quarter valued at approximately $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.

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