Lake Street Capital Begins Coverage on Terrestrial Energy (NASDAQ:IMSR)

Investment analysts at Lake Street Capital initiated coverage on shares of Terrestrial Energy (NASDAQ:IMSR) 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 objective points to a potential upside of 435.71% from the stock’s current price.

IMSR has been the subject of a number of other research reports. Wall Street Zen upgraded 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 report on Thursday, October 8th. Finally, Roth Capital assumed coverage on shares of Terrestrial Energy in a research report on Tuesday, September 22nd. They issued a “buy” rating and a $15.00 price objective on the stock. Four equities research 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $14.25.

Terrestrial Energy Trading Down 1.8%

Shares of IMSR opened at $2.80 on Wednesday. The stock has a 50-day simple moving average of $4.52 and a 200-day simple moving average of $5.99. Terrestrial Energy has a 1 year low of $2.79 and a 1 year high of $23.60.

Terrestrial Energy (NASDAQ:IMSR) last announced 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. As a group, equities analysts predict that Terrestrial Energy will post -0.50 earnings per share for the current year.

Insider Transactions at Terrestrial Energy

In other Terrestrial Energy news, CEO Simon Irish purchased 16,900 shares of the firm’s stock in a transaction on Tuesday, October 13th. The stock was bought at an average cost of $3.01 per share, with a total value of $50,869.00. Following 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 represents a 0.74% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 28.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. SkyView Investment Advisors LLC acquired a new stake in shares of Terrestrial Energy during the 2nd quarter worth about $27,000. WINTON GROUP Ltd lifted 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 worth $3,568,000 after purchasing an additional 7,700 shares during the last quarter. Valeo Financial Advisors LLC acquired a new position in Terrestrial Energy in the second quarter valued at approximately $106,000. Flax Pond Capital LLC acquired a new position in Terrestrial Energy in the first quarter valued at approximately $96,000. Finally, Bank of New York Mellon Corp acquired a new position in Terrestrial Energy in the second 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.