Roth Capital Upgrades Terrestrial Energy (NASDAQ:IMSR) to “Strong-Buy”

Terrestrial Energy (NASDAQ:IMSR) was upgraded by equities research analysts at Roth Capital to a “strong-buy” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

IMSR has been the subject of a number of other reports. Wall Street Zen upgraded Terrestrial Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Terrestrial Energy in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Terrestrial Energy currently has an average rating of “Moderate Buy” and a consensus target price of $14.00.

Terrestrial Energy Stock Up 2.9%

Shares of IMSR stock opened at $4.63 on Tuesday. The stock has a market cap of $490.46 million, a P/E ratio of -24.37 and a beta of 2.40. Terrestrial Energy has a 52 week low of $4.14 and a 52 week high of $31.50. The company’s fifty day simple moving average is $5.16 and its two-hundred day simple moving average is $6.39.

Terrestrial Energy (NASDAQ:IMSR) last issued its quarterly earnings data on Tuesday, August 11th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. On average, analysts anticipate that Terrestrial Energy will post -0.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Terrestrial Energy

Several institutional investors have recently made changes to their positions in IMSR. SkyView Investment Advisors LLC purchased a new position in Terrestrial Energy during the 2nd quarter valued at about $27,000. Flax Pond Capital LLC bought a new position in shares of Terrestrial Energy during the first quarter valued at approximately $96,000. Bank of New York Mellon Corp bought a new position in shares of Terrestrial Energy during the first quarter valued at approximately $102,000. Valeo Financial Advisors LLC purchased a new position in Terrestrial Energy during the second quarter valued at approximately $106,000. Finally, California State Teachers Retirement System purchased a new position in Terrestrial Energy during the first quarter valued at approximately $188,000.

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.