IMSR
Terrestrial Energy Inc.

Terrestrial Energy Inc.IMSR

Utilities · Utilities - Regulated Electric
4.63USD
+2.89%
Sep 23, 2026
IMSR overview ready
Pre-revenue advanced-reactor developer supplying IMSR core units and fuel
Pre-revenue advanced-reactor developer and prospective long-cycle plant technology, core-unit, fuel-salt, and services supplier.
Strong narrative exposure
Exposed to the Dispatchable Power for Large Loads narrative through SMR and Microreactor Developers — pure play.
Price trend is broken
Longer-term context reads new trend, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Valuation not measured
Fundamentals under pressure
Free cash flow yield is weak.
Primary risk
Regulatory approval and licensing delays.
Market Sep 22Filing Jun 30Price action Sep 22Research Aug 21

Conviction Level

NarrativeHeat9.1ThemeHeat7.6PriceAction1.4Valuation3.5CompanyPosition7.3
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads new trend, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryDamaged / breakdown

The technical structure itself is broken across timeframes — the weakest entry profile.

Key Financials

Market Cap
$490.5M
Avg Volume (60D)
1.6M
60 sessions
Gross Margin
+0.0%
Trailing twelve months
Operating Margin
+0.0%
Trailing twelve months
Free Cash Flow Yield
-9.5%
Distance from 200DMA
-33.9%
Next Earnings
2026-11-09
P/E
N/M
Market metrics as of Sep 22, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

The available comparisons disagreed; the intrinsic comparison is the more reliable method for this business and the others are published as dissent.
Terrestrial Energy Inc. has a Fair valuation stance because the price broadly reflects the strength of its balance sheet, with upside and risk reasonably balanced.

Company Research

Thesis
Pre-revenue advanced-reactor developer and prospective long-cycle plant technology, core-unit, fuel-salt, and services supplier. IMSR is a direct advanced-nuclear developer rather than a current nuclear-fuel fabricator.
Opportunity
Moderate opportunity
Development of small modular and advanced reactor plants intended to provide firm, low-carbon electricity and, in some cases, industrial heat for utilities, industrial users, and power-constrained large loads.
Key risk
Regulatory approval and licensing delays.

Narrative & Theme

Dispatchable Power for Large Loads
Part of SMR and Microreactor Developers, with strong fit.
IMSR is a direct advanced-nuclear developer rather than a current nuclear-fuel fabricator.
Narrative HeatHot9.1 / 10
Theme HeatHeating up7.6 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.

Business & Markets

Utilities · Utilities - Regulated Electric
What they do

Terrestrial Energy Inc. develops and supplies carbon-free nuclear energy technology, providing pre-construction planning, construction services, and post-construction core-unit and fuel supply primarily in North Carolina.

How it earns

Project-based revenue from engineering, construction services, and ongoing supply of nuclear core units and fuel.

Products & services
Pre-construction site selection and engineering studies
Construction services and component supply
IMSR Core-unit supply
Fuel supply
Customers & end markets
Utilities
Regulated electric power providers
Market position

Niche player focused on advanced nuclear energy solutions within the regulated utilities sector.

Demand drivers
Low cyclicality

Demand for regulated electric utilities and carbon-free energy is relatively stable and driven by long-term infrastructure needs.

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