X-Energy (NASDAQ:XE – Get Free Report) was upgraded by investment analysts at Guggenheim to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.
XE has been the topic of a number of other reports. Wolfe Research began coverage on shares of X-Energy in a report on Tuesday. They issued a “peer perform” rating on the stock. Morgan Stanley started coverage on shares of X-Energy in a report on Tuesday. They issued an “overweight” rating and a $41.00 price objective on the stock. UBS Group assumed coverage on shares of X-Energy in a research report on Tuesday. They set a “buy” rating and a $40.00 price objective for the company. TD Cowen assumed coverage on shares of X-Energy in a research note on Tuesday. They set a “buy” rating and a $35.00 target price on the stock. Finally, JPMorgan Chase & Co. assumed coverage on shares of X-Energy in a research report on Tuesday. They set an “overweight” rating and a $38.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $39.57.
Check Out Our Latest Stock Report on XE
X-Energy Trading Up 4.6%
Insider Buying and Selling at X-Energy
In related news, Director Kathleen W. Hyle purchased 10,000 shares of the stock in a transaction dated Monday, April 27th. The shares were acquired at an average cost 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 $2,935,720. This trade represents a 8.50% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Laura Garcia acquired 1,200 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer directly owned 196,822 shares in the company, valued at approximately $4,526,906. This represents a 0.61% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 12,300 shares of company stock worth $282,900 over the last three months.
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.
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