X-Energy (NASDAQ:XE) Stock Rating Lowered by Wall Street Zen

X-Energy (NASDAQ:XE) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

A number of other brokerages have also recently commented on XE. UBS Group began coverage on shares of X-Energy in a report on Tuesday, May 19th. They issued a “buy” rating and a $40.00 target price on the stock. JPMorgan Chase & Co. began coverage on shares of X-Energy in a report on Tuesday, May 19th. They issued an “overweight” rating and a $38.00 target price on the stock. Zacks Research raised shares of X-Energy to a “hold” rating in a report on Wednesday, May 20th. Wolfe Research began coverage on shares of X-Energy in a report on Tuesday, May 19th. They issued a “peer perform” rating on the stock. Finally, Cantor Fitzgerald began coverage on shares of X-Energy in a report on Wednesday, May 20th. They issued an “overweight” rating and a $38.00 target price on the stock. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, X-Energy currently has a consensus rating of “Moderate Buy” and an average target price of $39.57.

X-Energy Price Performance

Shares of X-Energy stock opened at $18.59 on Friday. X-Energy has a 12 month low of $17.37 and a 12 month high of $37.10.

Insider Buying and Selling at X-Energy

In other news, CAO Laura Garcia acquired 1,200 shares of the company’s stock in a transaction on Monday, April 27th. The shares were bought at an average cost of $23.00 per share, with a total value of $27,600.00. Following the purchase, the chief accounting officer owned 196,822 shares of the company’s stock, valued at $4,526,906. This represents a 0.61% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kathleen W. Hyle acquired 10,000 shares of the company’s stock in a transaction on Monday, April 27th. The stock was purchased at an average cost of $23.00 per share, for a total transaction of $230,000.00. Following the completion of the purchase, the director directly owned 127,640 shares in the company, valued at $2,935,720. This trade represents a 8.50% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 12,300 shares of company stock worth $282,900 over the last three months.

X-Energy Company Profile

X-Energy (NASDAQ: XE) is a U.S.-based advanced nuclear technology company focused on the development and commercialization of small modular reactors (SMRs) and advanced nuclear fuel. Its flagship reactor design, the Xe-100, is a high-temperature gas-cooled reactor intended to provide low-carbon electricity and process heat for industrial applications. X-Energy’s technology centers on TRISO fuel, a robust, particle-based fuel form that the company promotes for enhanced safety and high-temperature operation.

The company’s activities include reactor design and engineering, fuel development and manufacturing, regulatory engagement, and project delivery support for utility and industrial customers.