Cantor Fitzgerald initiated coverage of Terrestrial Energy (IMSR) with an Overweight rating and $12 price target Terrestrial is in a “unique position” to accelerate commercialization progress given the Department of Energy’s plans to fast-track advanced nuclear programs, the analyst tells investors in a research note. The firm believes the company having both reactor and fuel technology offers a good business model and helps position it favorably with regulators. Terrestrial “achieved notable success” with the Department of Energy’s Advanced Reactor Pilot Program and Fuel Line Pilot Program, says Cantor.
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