X-Energy, Inc. (NASDAQ:XE) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of X-Energy, Inc. (NASDAQ:XE) have been given an average rating of “Moderate Buy” by the nine research firms that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $37.8571.

Several research analysts have recently issued reports on XE shares. Guggenheim initiated coverage on shares of X-Energy in a report on Tuesday, May 19th. They issued a “buy” rating and a $57.00 target price on the stock. Morgan Stanley initiated coverage on shares of X-Energy in a research report on Tuesday, May 19th. They set an “overweight” rating and a $41.00 price target for the company. UBS Group cut their price target on shares of X-Energy from $40.00 to $34.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. Cantor Fitzgerald initiated coverage on shares of X-Energy in a research report on Wednesday, May 20th. They issued an “overweight” rating and a $38.00 price objective on the stock. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $22.00 target price on shares of X-Energy in a report on Wednesday, June 24th.

X-Energy Stock Performance

Shares of X-Energy stock opened at $16.54 on Wednesday. X-Energy has a one year low of $16.35 and a one year high of $37.10. The stock has a 50 day moving average of $24.78.

Insider Buying and Selling

In other X-Energy news, Director Kathleen W. Hyle bought 10,000 shares of X-Energy stock in a transaction dated Monday, April 27th. The shares were purchased at an average cost of $23.00 per share, with a total value of $230,000.00. Following the completion of the purchase, the director owned 127,640 shares of the company’s stock, valued at approximately $2,935,720. This represents a 8.50% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Laura Garcia purchased 1,200 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The stock was acquired at an average cost of $23.00 per share, with a total value of $27,600.00. Following the purchase, the chief accounting officer directly owned 196,822 shares of the company’s stock, valued at $4,526,906. This trade represents a 0.61% increase in their ownership of the stock. 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 ninety days.

About X-Energy

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.