The board authorized the buyback using existing cash reserves. Based on Monday’s closing price of $2.94, the company holds the capacity to repurchase approximately 8.5 million shares from its 105.9 million float. This move follows a period of intense selling pressure throughout 2026, during which the stock plummeted nearly 52%. By mid-morning, the shares were trading at $3.25 as shareholders welcomed the attempt to bolster confidence in the firm's long-term prospects.
Terrestrial Energy Shares Surge on $25 Million Buyback Plan
Investors pushed Terrestrial Energy shares up by 11% in Tuesday premarket trading, reacting to the company’s decision to launch a $25 million stock repurchase program. The nuclear power plant developer aims to stabilize its market position after a difficult year that saw its valuation drop by more than half.
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