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

X-Energy, Inc. (NASDAQ:XE) has earned an average rating of “Moderate Buy” from the ten brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $37.8571.

XE has been the topic of a number of research reports. TD Cowen reaffirmed a “buy” rating on shares of X-Energy in a research note on Tuesday, June 23rd. Weiss Ratings started coverage on shares of X-Energy in a report on Monday, July 20th. They issued a “sell (d)” rating for the company. JPMorgan Chase & Co. started coverage on shares of X-Energy in a research report on Tuesday, May 19th. They issued an “overweight” rating and a $38.00 price target on the stock. Zacks Research raised shares of X-Energy to a “hold” rating in a research note on Wednesday, May 20th. Finally, Morgan Stanley started coverage on shares of X-Energy in a research report on Tuesday, May 19th. They set an “overweight” rating and a $41.00 price objective for the company.

X-Energy Price Performance

XE opened at $18.26 on Thursday. The company has a market cap of $7.42 billion and a P/E ratio of -121.73. The firm’s 50-day moving average is $18.07. X-Energy has a 52 week low of $13.29 and a 52 week high of $37.10.

X-Energy (NASDAQ:XE) last posted its earnings results on Thursday, August 13th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06). The company had revenue of $54.60 million during the quarter. X-Energy’s revenue was up 154.0% on a year-over-year basis. As a group, analysts forecast that X-Energy will post -0.76 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in XE. California State Teachers Retirement System bought a new stake in X-Energy during the second quarter worth approximately $201,000. Readystate Asset Management LP bought a new stake in shares of X-Energy in the 2nd quarter valued at approximately $2,943,000. AXQ Capital LP purchased a new position in shares of X-Energy in the 2nd quarter worth approximately $188,000. Wellington Management Group LLP bought a new position in shares of X-Energy during the 2nd quarter valued at approximately $15,011,000. Finally, Formula Growth Ltd. bought a new position in shares of X-Energy during the 2nd quarter valued at approximately $174,000.

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.