X-Energy (NASDAQ:XE) Given “Overweight” Rating at Cantor Fitzgerald

X-Energy (NASDAQ:XE)‘s stock had its “overweight” rating reissued by analysts at Cantor Fitzgerald in a research note issued on Friday,Benzinga reports. They currently have a $38.00 price objective on the stock. Cantor Fitzgerald’s target price indicates a potential upside of 67.18% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Morgan Stanley started coverage on shares of X-Energy in a report on Tuesday, May 19th. They issued an “overweight” rating and a $41.00 price objective for the company. Jefferies Financial Group reiterated a “hold” rating and issued a $22.00 price target on shares of X-Energy in a research report on Wednesday, June 24th. Wall Street Zen cut X-Energy from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. JPMorgan Chase & Co. initiated coverage on X-Energy in a research report on Tuesday, May 19th. They set an “overweight” rating and a $38.00 price target on the stock. Finally, Guggenheim began coverage on X-Energy in a research note on Tuesday, May 19th. They set a “buy” rating and a $57.00 price objective on the stock. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $37.86.

X-Energy Trading Up 11.7%

X-Energy stock opened at $22.73 on Friday. The firm has a 50-day moving average of $18.32. X-Energy has a twelve month low of $13.29 and a twelve month high of $37.10.

X-Energy (NASDAQ:XE) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.06). The company had revenue of $54.60 million for the quarter. X-Energy’s revenue for the quarter was up 154.0% on a year-over-year basis. As a group, equities analysts forecast that X-Energy will post -0.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in X-Energy stock. Bank of New York Mellon Corp bought a new position in shares of X-Energy, Inc. (NASDAQ:XE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 68,126 shares of the company’s stock, valued at approximately $1,251,000.

Key X-Energy News

Here are the key news stories impacting X-Energy this week:

• Positive Sentiment: The U.S. Department of Energy is expected to provide up to an additional $1 billion in public funding for X-Energy’s Texas advanced nuclear reactor project. The potential funding reduces project financing risk and supports development of the company’s high-temperature gas reactors. Reuters article
• Positive Sentiment: Second-quarter revenue and grant income rose 154% to $54.6 million from $21.5 million a year earlier, reflecting progress on reactor development and related programs. X-energy second-quarter results
• Positive Sentiment: X-Energy received approval to continue its DOE Advanced Reactor Demonstration Program budget period through March 2027, along with an $11 million Tennessee economic development grant for its TRISO-X fuel fabrication campus. It also acquired approximately 70 acres adjacent to the Oak Ridge, Tennessee facility. X-energy operational highlights
• Positive Sentiment: The company entered long-term agreements for HALEU enrichment services with Centrus Energy and General Matter and agreed with SGL Carbon to expand nuclear-grade graphite manufacturing. These arrangements address key fuel and supply-chain needs as X-Energy advances toward commercialization. X-energy supply-chain announcements
• Neutral Sentiment: TRISO-X and Oak Ridge National Laboratory extended their advanced nuclear fuel research partnership, while X-Energy also joined an Idaho National Laboratory initiative with NVIDIA, AWS and other partners to use artificial intelligence to accelerate nuclear deployment. These initiatives support long-term technology development but may not generate near-term revenue. Oak Ridge research partnership
• Negative Sentiment: X-Energy reported a quarterly loss of $0.15 per share, wider than the expected $0.09 loss. The earnings miss highlights continued execution and commercialization risk despite improving revenue and government support. X-energy earnings release

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.