X-Energy, Inc. (NASDAQ:XE – Get Free Report)’s stock price traded up 7.7% during trading on Tuesday . The stock traded as high as $19.11 and last traded at $19.08. Approximately 1,261,280 shares were traded during trading, a decline of 78% from the average daily volume of 5,614,224 shares. The stock had previously closed at $17.71.
Analyst Ratings Changes
Several equities analysts recently weighed in on the stock. TD Cowen reaffirmed a “buy” rating on shares of X-Energy in a research report on Tuesday, June 23rd. UBS Group decreased their price objective on X-Energy from $40.00 to $34.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. Morgan Stanley initiated coverage on X-Energy in a report on Tuesday, May 19th. They issued an “overweight” rating and a $41.00 target price on the stock. Wall Street Zen lowered X-Energy from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. Finally, JPMorgan Chase & Co. started coverage on shares of X-Energy in a report on Tuesday, May 19th. They set an “overweight” rating and a $38.00 price objective on the stock. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $34.25.
View Our Latest Report on X-Energy
X-Energy Stock Performance
X-Energy (NASDAQ:XE – Get Free Report) last issued 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 for the quarter. The firm’s revenue was up 154.0% compared to the same quarter last year. Analysts forecast that X-Energy, Inc. will post -0.76 earnings per share for the current year.
Institutional Investors Weigh In On X-Energy
Several institutional investors have recently added to or reduced their stakes in XE. IFP Advisors Inc purchased a new stake in shares of X-Energy during the 2nd quarter valued at approximately $95,000. Formula Growth Ltd. purchased a new position in X-Energy in the 2nd quarter valued at approximately $174,000. AXQ Capital LP bought a new stake in X-Energy during the 2nd quarter valued at $188,000. California State Teachers Retirement System purchased a new stake in shares of X-Energy during the second quarter worth $201,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of X-Energy in the second quarter worth $221,000.
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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