Benchmark Co. analyst Subash Chandra has maintained their bullish stance on GSRT stock, giving a Buy rating on September 23.
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Subash Chandra has given his Buy rating due to a combination of factors surrounding GSR III Acquisition Corp. Class A. The recent approval of the business combination with Terra Innovatum and the subsequent increase in cash balances to $130 million are significant indicators of financial stability and growth potential. The cash influx includes proceeds from a PIPE offering and a bridge loan, which are expected to support the company’s capital needs for developing its first reactor.
Chandra also highlights the strategic advantages of Terra’s SOLO reactor, which benefits from its choice of fuel and strong industry partnerships. The microreactor market is poised for growth, and Terra’s position as a leading entrant could lead to increased market capitalization. Furthermore, the company’s management is committed to advancing licensing processes, with multiple technical reports already filed with the NRC. These factors collectively underpin Chandra’s optimistic outlook on the stock.
In another report released on September 23, Roth MKM also initiated coverage with a Buy rating on the stock with a $20.00 price target.