X-Energy, Inc. (NASDAQ:XE) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of X-Energy, Inc. (NASDAQ:XE) have earned an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $39.5714.

A number of equities analysts recently issued reports on the company. Jefferies Financial Group assumed coverage on X-Energy in a research note on Tuesday, May 19th. They issued a “hold” rating and a $28.00 target price for the company. Guggenheim assumed coverage on X-Energy in a research note on Tuesday, May 19th. They issued a “buy” rating and a $57.00 target price for the company. Morgan Stanley assumed coverage on X-Energy in a research note on Tuesday, May 19th. They issued an “overweight” rating and a $41.00 target price for the company. JPMorgan Chase & Co. assumed coverage on X-Energy in a research note on Tuesday, May 19th. They issued an “overweight” rating and a $38.00 target price for the company. Finally, Wolfe Research assumed coverage on X-Energy in a research note on Tuesday, May 19th. They issued a “peer perform” rating for the company.

X-Energy Stock Down 0.7%

Shares of XE stock opened at $18.59 on Friday. X-Energy has a 1 year low of $17.37 and a 1 year high of $37.10.

Insider Transactions at X-Energy

In related news, CAO Laura Garcia acquired 1,200 shares of X-Energy stock in a transaction on Monday, April 27th. The stock was acquired at an average price of $23.00 per share, for a total transaction of $27,600.00. Following the purchase, the chief accounting officer owned 196,822 shares of the company’s stock, valued at approximately $4,526,906. This represents a 0.61% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kathleen W. Hyle acquired 10,000 shares of X-Energy stock in a transaction on Monday, April 27th. The shares were bought at an average price of $23.00 per share, with a total value of $230,000.00. Following the purchase, the director directly owned 127,640 shares in the company, valued at approximately $2,935,720. The trade was a 8.50% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 12,300 shares of company stock valued at $282,900 in the last quarter.

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.