Squarepoint Ops LLC Makes New Investment in X-Energy, Inc. $XE

Squarepoint Ops LLC purchased a new stake in X-Energy, Inc. (NASDAQ:XEFree Report) during the second quarter, Holdings Channel reports. The fund purchased 325,000 shares of the company’s stock, valued at approximately $5,967,000.

Other large investors have also recently made changes to their positions in the company. Formula Growth Ltd. purchased a new position in shares of X-Energy during the 2nd quarter worth approximately $174,000. AXQ Capital LP purchased a new stake in X-Energy in the second quarter valued at approximately $188,000. California State Teachers Retirement System acquired a new position in X-Energy during the second quarter worth $201,000. Public Employees Retirement System of Ohio acquired a new position in X-Energy during the second quarter worth $221,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of X-Energy during the second quarter worth $1,251,000.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on XE. Zacks Research upgraded X-Energy to a “hold” rating in a report on Wednesday, May 20th. TD Cowen reaffirmed a “buy” rating on shares of X-Energy in a research report on Tuesday, June 23rd. Cantor Fitzgerald reiterated an “overweight” rating and set a $38.00 price target on shares of X-Energy in a research note on Friday, August 14th. Wall Street Zen lowered shares of X-Energy from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. Finally, Morgan Stanley began coverage on shares of X-Energy in a report on Tuesday, May 19th. They issued an “overweight” rating and a $41.00 price objective for the company. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $34.25.

Get Our Latest Research Report on X-Energy

X-Energy Stock Performance

NASDAQ:XE opened at $14.93 on Friday. The stock has a market capitalization of $6.07 billion and a price-to-earnings ratio of -99.53. The company has a fifty day moving average of $17.67. X-Energy, Inc. has a 12-month low of $13.29 and a 12-month high of $37.10.

X-Energy (NASDAQ:XEGet Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.06). The business had revenue of $54.60 million during the quarter. The company’s revenue was up 154.0% on a year-over-year basis. Equities analysts anticipate that X-Energy, Inc. will post -0.67 earnings per share for the current fiscal year.

X-Energy Profile

(Free Report)

X-Energy, Inc (NASDAQ:XE) is an advanced nuclear energy company developing modular reactors and fuel systems designed to provide reliable, low-carbon electricity and industrial heat. Its primary technology is the Xe-100, a high-temperature gas-cooled small modular reactor intended for applications including grid power, industrial operations and data centers.

The company also develops and manufactures TRISO-X nuclear fuel, a coated particle fuel designed for use in high-temperature reactors.

Further Reading

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Institutional Ownership by Quarter for X-Energy (NASDAQ:XE)

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