X-Energy, Inc. (NASDAQ:XE – Get Free Report)’s share price reached a new 52-week low during trading on Tuesday. The company traded as low as $10.04 and last traded at $10.18, with a volume of 551,313 shares traded. The stock had previously closed at $10.54.
Trending Headlines about X-Energy
Here are the key news stories impacting X-Energy this week:
- Positive Sentiment: Amazon-backed Indiana project: X-Energy and AEP signed a joint development agreement to study a 960-megawatt facility at the former Breed coal plant site in Sullivan County, Indiana. The proposed plant would use 12 of X-Energy’s Xe-100 small modular reactors and could connect directly to the power grid. X-energy, Amazon, American Electric Power Partner to Bring SMR Project to Indiana
- Positive Sentiment: Amazon provides commercial and financial support: Amazon is expected to provide development capital and intends to purchase electricity from the project, improving the potential financing and demand outlook for X-Energy’s technology. The collaboration is also part of an effort to deploy at least 5 gigawatts of Xe-100 capacity. X-Energy Stock Gets a Lift From Amazon Deal After Post-IPO Slump
- Positive Sentiment: Strategic validation: A partnership involving a major technology company and a large utility strengthens the credibility of X-Energy’s advanced-reactor platform and highlights rising demand for reliable, carbon-free electricity to support data centers and broader power-load growth.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on XE shares. TD Cowen reiterated a “buy” rating on shares of X-Energy in a research note on Tuesday, June 23rd. UBS Group dropped their target price on shares of X-Energy from $40.00 to $34.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. Piper Sandler reduced their price target on shares of X-Energy from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Monday. Guggenheim reaffirmed a “buy” rating and issued a $57.00 price target on shares of X-Energy in a report on Tuesday, September 8th. Finally, Texas Capital raised shares of X-Energy to a “strong-buy” rating in a report on Monday, September 14th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $33.25.
View Our Latest Analysis on XE
X-Energy Stock Performance
The company’s 50 day moving average is $16.35. The stock has a market cap of $4.36 billion and a P/E ratio of -71.47.
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 firm had revenue of $54.60 million during the quarter. The company’s quarterly revenue was up 154.0% compared to the same quarter last year. As a group, analysts expect that X-Energy, Inc. will post -0.76 EPS for the current fiscal year.
Institutional Trading of X-Energy
Several large investors have recently added to or reduced their stakes in XE. Eastern Bank acquired a new position in X-Energy during the 3rd quarter worth $28,000. GK Wealth Management LLC bought a new position in shares of X-Energy in the third quarter worth $57,000. IFP Advisors Inc bought a new position in shares of X-Energy in the second quarter worth $95,000. Silicon Valley Capital Partners acquired a new position in shares of X-Energy during the second quarter valued at $103,000. Finally, Delta Capital Management LLC acquired a new position in shares of X-Energy during the third quarter valued at $154,000.
X-Energy Company Profile
X-energy is an advanced nuclear energy company that develops small modular reactors and nuclear fuel designed to provide reliable, carbon-free electricity and industrial heat. Its flagship Xe-100 reactor is a high-temperature gas-cooled reactor that uses helium as a coolant and is designed for modular deployment.
The company also develops TRISO-X fuel, a coated-particle fuel technology intended to withstand extreme temperatures and support the operation of advanced reactors. X-energy’s products are aimed at utilities, industrial customers, and other organizations seeking dependable power and process heat with lower carbon emissions.
Founded in 2009, X-energy is headquartered in Rockville, Maryland.
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