Northland Securities Initiates Coverage on HCM II Acquisition (NASDAQ:IMSR)

Investment analysts at Northland Securities assumed coverage on shares of HCM II Acquisition (NASDAQ:IMSR) in a report released on Thursday, MarketBeat.com reports. The firm set an “outperform” rating and a $15.00 price target on the stock. Northland Securities’ price target suggests a potential upside of 44.09% from the stock’s current price.

IMSR has been the topic of several other research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of HCM II Acquisition in a research note on Wednesday, December 24th. Wall Street Zen lowered HCM II Acquisition from a “hold” rating to a “sell” rating in a report on Monday, December 22nd. Finally, Cantor Fitzgerald assumed coverage on HCM II Acquisition in a report on Friday, December 19th. They issued an “overweight” rating and a $12.00 target price for the company. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, HCM II Acquisition currently has an average rating of “Hold” and an average price target of $13.50.

HCM II Acquisition Price Performance

IMSR stock opened at $10.41 on Thursday. HCM II Acquisition has a twelve month low of $5.95 and a twelve month high of $31.50.

About HCM II Acquisition

Terrestrial Energy Inc produces carbon free nuclear energy in North Carolina and internationally. The company was founded in 2013 and is headquartered in Charlotte, North Carolina.