X-Energy, Inc. (NASDAQ:XE – Get Free Report) was down 5.8% on Wednesday . The stock traded as low as $17.89 and last traded at $18.03. 1,508,457 shares changed hands during trading, a decline of 73% from the average daily volume of 5,662,134 shares. The stock had previously closed at $19.15.
Analysts Set New Price Targets
XE has been the subject of several analyst reports. Zacks Research raised shares of X-Energy to a “hold” rating in a report on Wednesday, May 20th. Weiss Ratings began coverage on X-Energy in a research report on Monday, July 20th. They issued a “sell (d)” rating for the company. 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 target price on the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a $22.00 price target on shares of X-Energy in a research note on Wednesday, June 24th. Finally, TD Cowen reiterated a “buy” rating on shares of X-Energy in a research note on Tuesday, June 23rd. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $34.25.
Get Our Latest Research Report on XE
X-Energy Stock Performance
X-Energy (NASDAQ:XE – Get Free Report) last issued its quarterly earnings data 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 for the quarter. The firm’s revenue for the quarter was up 154.0% compared to the same quarter last year. Equities research analysts predict that X-Energy, Inc. will post -0.76 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of XE. IFP Advisors Inc acquired a new position in shares of X-Energy during the 2nd quarter worth approximately $95,000. Formula Growth Ltd. purchased a new position in X-Energy during the second quarter worth $174,000. AXQ Capital LP acquired a new position in shares of X-Energy in the second quarter worth $188,000. California State Teachers Retirement System purchased a new stake in shares of X-Energy in the second quarter valued at $201,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of X-Energy during the second quarter valued at $221,000.
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.
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