X-Energy, Inc. (XE) – What Are Analysts Thinking About This Stock?

X-Energy, Inc. (NASDAQ:XE) has earned an average recommendation of “Moderate Buy” from the fourteen research firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $29.67.

XE has been the topic of several analyst reports. Weiss Ratings initiated coverage on shares of X-Energy in a research note on Monday, July 20th. They issued a “sell (d)” rating on the stock. Texas Capital upgraded X-Energy to a “strong-buy” rating in a research report on Monday, September 14th. Guggenheim reiterated a “buy” rating and set a $57.00 price objective on shares of X-Energy in a research report on Tuesday, September 8th. Cantor Fitzgerald reissued an “overweight” rating and issued a $38.00 price objective on shares of X-Energy in a report on Friday, August 14th. Finally, Needham & Company LLC assumed coverage on X-Energy in a research report on Monday, October 26th. They issued a “hold” rating on the stock.

X-Energy Stock Performance

XE stock opened at $11.16 on Tuesday. X-Energy has a fifty-two week low of $8.68 and a fifty-two week high of $37.10. The business has a 50-day moving average price of $13.78. The firm has a market cap of $4.54 billion and a PE ratio of -74.40.

X-Energy (NASDAQ:XE) last posted its earnings results on Thursday, August 13th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06). The business had revenue of $54.60 million for the quarter. The business’s revenue for the quarter was up 154.0% compared to the same quarter last year. On average, analysts expect that X-Energy will post -0.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of XE. ACT Capital Partners L.P. acquired a new position in shares of X-Energy during the third quarter valued at $177,000. Russell Investments Group Ltd. lifted its holdings in X-Energy by 126.5% in the third quarter. Russell Investments Group Ltd. now owns 31,777 shares of the company’s stock worth $451,000 after purchasing an additional 17,748 shares during the period. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in X-Energy in the third quarter worth about $130,000. Alps Advisors Inc. lifted its holdings in X-Energy by 541.0% in the third quarter. Alps Advisors Inc. now owns 137,770 shares of the company’s stock worth $1,954,000 after purchasing an additional 116,276 shares during the period. Finally, Kestra Advisory Services LLC bought a new position in X-Energy in the 3rd quarter valued at about $3,520,000.

X-Energy Company Profile

X-energy is an advanced nuclear technology company developing small modular reactors and nuclear fuel. Its flagship design, the Xe-100, is a high-temperature, gas-cooled reactor intended to provide electricity and industrial process heat. The company’s reactor design uses pebble-shaped fuel containing TRISO-X particles, which are engineered to retain radioactive materials at high temperatures.

Founded in 2009, X-energy has worked with government and commercial partners to advance its reactor and fuel technologies.