Benchmark Reiterates Buy Rating on GSR III Acquisition Corp. (GSRT) Post MoU With ATB Riva Calzoni

Benchmark analyst Subash Chandra reiterated a Buy rating and $19.00 price target on GSR III Acquisition Corp. (NASDAQ: GSRT).

The analyst commented, "Terra Innovatum signed a MOU with ATB Riva Calzoni for the “preparation, development and production” of the SOLO micro-reactor… Our BUY rating on GSRT recognizes their commercial strategy using existing fuel supply and known components and systems for the first-of-a-kind SOLO microreactor. Another indication is a commercial site (vs research or government) outside St Lous, MO for the testing of a prototype. The MOU with ATB establishes a critical manufacturing relationship with a capable partner. Terra has a targeted deployment date of 2028 for the SOLO MMR."

For an analyst ratings summary and ratings history on GSR III Acquisition Corp. click here. For more ratings news on GSR III Acquisition Corp. click here.

Shares of GSR III Acquisition Corp. closed at $10.36 yesterday.

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