Shares of X-Energy, Inc. (NASDAQ:XE – Get Free Report) have earned a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $37.8571.
A number of brokerages have recently issued reports on XE. Wolfe Research initiated coverage on X-Energy in a research report on Tuesday, May 19th. They set a “peer perform” rating on the stock. Wall Street Zen cut shares of X-Energy from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. Guggenheim assumed coverage on shares of X-Energy in a research report on Tuesday, May 19th. They issued a “buy” rating and a $57.00 target price on the stock. Morgan Stanley began coverage on shares of X-Energy in a research note on Tuesday, May 19th. They set an “overweight” rating and a $41.00 target price for the company. Finally, JPMorgan Chase & Co. assumed coverage on shares of X-Energy in a research report on Tuesday, May 19th. They set an “overweight” rating and a $38.00 price target for the company.
View Our Latest Stock Report on X-Energy
X-Energy Price Performance
X-Energy (NASDAQ:XE – Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06). The company had revenue of $54.60 million during the quarter. The firm’s revenue for the quarter was up 154.0% compared to the same quarter last year. As a group, equities research analysts expect that X-Energy will post -0.76 earnings per share for the current year.
Hedge Funds Weigh In On X-Energy
A number of hedge funds have recently made changes to their positions in XE. California State Teachers Retirement System purchased a new position in X-Energy in the 2nd quarter valued at $201,000. Public Employees Retirement System of Ohio acquired a new stake in shares of X-Energy in the second quarter valued at about $221,000. Bank of New York Mellon Corp purchased a new position in shares of X-Energy in the second quarter worth about $1,251,000. AXQ Capital LP acquired a new position in X-Energy during the second quarter worth about $188,000. Finally, Wellington Management Group LLP acquired a new position in X-Energy during the second quarter worth about $15,011,000.
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.
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