X-Energy, Inc. (NASDAQ:XE – Get Free Report) shares saw an uptick in trading volume on Tuesday . Approximately 2,942,879 shares were traded during mid-day trading, a decline of 47% from the previous session’s volume of 5,586,104 shares.The stock last traded at $18.58 and had previously closed at $18.45.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the stock. Wolfe Research started coverage on shares of X-Energy in a report on Tuesday, May 19th. They set a “peer perform” rating for the company. Weiss Ratings assumed coverage on shares of X-Energy in a research report on Monday, July 20th. They set a “sell (d)” rating for the company. UBS Group lowered their target price on shares of X-Energy from $40.00 to $34.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. JPMorgan Chase & Co. assumed coverage on X-Energy in a report on Tuesday, May 19th. They issued an “overweight” rating and a $38.00 target price on the stock. Finally, Morgan Stanley initiated coverage on X-Energy in a research note on Tuesday, May 19th. They issued an “overweight” rating and a $41.00 price target on the stock. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $37.86.
View Our Latest Stock Report on X-Energy
X-Energy Stock Performance
X-Energy (NASDAQ:XE – Get Free Report) last announced 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 business had revenue of $54.60 million for the quarter. The firm’s revenue was up 154.0% on a year-over-year basis. As a group, research analysts predict that X-Energy, Inc. will post -0.76 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System acquired a new stake in X-Energy during the 2nd quarter worth $201,000. Readystate Asset Management LP acquired a new position in X-Energy in the second quarter valued at $2,943,000. AXQ Capital LP purchased a new position in shares of X-Energy during the second quarter worth about $188,000. Wellington Management Group LLP acquired a new stake in shares of X-Energy during the second quarter worth about $15,011,000. Finally, Formula Growth Ltd. acquired a new stake in shares of X-Energy during the second quarter worth about $174,000.
X-Energy Company Profile
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.
Further Reading
- Five stocks we like better than X-Energy
- Striking Oil: How the U.S. Play for Venezuela Fuels Supermajors
- J.M. Smucker Stock’s Rally Has More Than Tariffs Behind It
- Wendy’s Rally Fades After Trian Steps Back: Was It Ever Real?
- GitLab’s Earnings Beat Just Gave Software Bulls a New SaaSpocalypse Test
Receive News & Ratings for X-Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for X-Energy and related companies with MarketBeat.com's FREE daily email newsletter.
