Benchmark Co. analyst Subash Chandra has maintained their bullish stance on GSRT stock, giving a Buy rating yesterday.
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Subash Chandra has given his Buy rating due to a combination of factors that highlight the promising progress of GSR III Acquisition Corp. Class A. The company, through its association with Terra Innovatum, is making significant strides in its licensing and partnership initiatives, which are crucial for its path to commercialization. With major milestones anticipated in the coming year, the company is on track to apply for a Construction Permit by the end of 2026, setting a solid foundation for its commercial deployment target in 2028.
Furthermore, the company’s advancements in regulatory engagement, supply chain development, and site selection are noteworthy. The strategic partnerships with established nuclear service providers and the choice of a privately-owned test facility underscore the company’s commitment to safety and efficiency. Additionally, the experienced Board of Directors and the management’s incentive structure aligned with achieving regulatory milestones further bolster confidence in the company’s future prospects.
According to TipRanks, Chandra is a 4-star analyst with an average return of 9.3% and a 44.86% success rate. Chandra covers the Energy sector, focusing on stocks such as APA, Matador Resources, and Antero Resources.
In another report released yesterday, Roth MKM also initiated coverage with a Buy rating on the stock with a $20.00 price target.