Shares of X-Energy, Inc. (NASDAQ:XE – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the twelve research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $33.25.
A number of equities analysts have recently issued reports on the stock. Piper Sandler cut their price target on shares of X-Energy from $9.00 to $8.00 and set an “underweight” rating for the company in a report on Monday. Jefferies Financial Group reissued a “hold” rating and set a $22.00 price objective on shares of X-Energy in a report on Wednesday, June 24th. Weiss Ratings started coverage on shares of X-Energy in a research report on Monday, July 20th. They set a “sell (d)” rating on the stock. Guggenheim reaffirmed a “buy” rating and issued a $57.00 target price on shares of X-Energy in a report on Tuesday, September 8th. Finally, TD Cowen reaffirmed a “buy” rating on shares of X-Energy in a report on Tuesday, June 23rd.
View Our Latest Research Report on XE
X-Energy Stock Up 1.9%
XE stock opened at $10.74 on Friday. The firm has a fifty day simple moving average of $16.15. X-Energy has a 12 month low of $10.04 and a 12 month high of $37.10.
X-Energy (NASDAQ:XE – Get Free Report) last announced its 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 firm’s revenue was up 154.0% on a year-over-year basis. On average, equities research analysts forecast that X-Energy will post -0.76 earnings per share for the current fiscal year.
X-Energy News Summary
Here are the key news stories impacting X-Energy this week:
- Positive Sentiment: Amazon and AEP advanced plans for a 960-megawatt Indiana project. The companies signed an agreement to evaluate a 12-unit Xe-100 small modular reactor facility at a former coal site in Sullivan County. Amazon would provide development capital and plans to purchase the electricity, while AEP would help develop and connect the project to the grid. The proposed plant could eventually provide a major commercial reference project for X-Energy’s technology. X-energy, Amazon, American Electric Power Partner to Bring SMR Project to Indiana
- Positive Sentiment: The partnership could support X-Energy’s longer-term growth strategy. The companies described the Indiana initiative as part of a broader effort to bring at least 5 gigawatts of Xe-100 capacity to the grid. Amazon’s involvement also provides potential validation of X-Energy’s reactors and a possible customer for future power output. X-Energy Stock Gets a Lift From Amazon Deal After Post-IPO Slump
- Neutral Sentiment: Valuation models suggest possible upside, but estimates are not consistent. Several analyses value XE at roughly 15% to 16% below estimated future cash-flow or intrinsic value. These models could support the stock after its sell-off, but they depend heavily on assumptions about project execution, financing, commercialization and future cash generation. X Energy Stock May Be 15% Undervalued On Future Cash Flow
- Negative Sentiment: The Indiana announcement is still a feasibility effort rather than a final construction commitment. The project must clear additional technical, regulatory, financing and commercial hurdles, so it may not generate meaningful revenue soon. A separate comparison argues that Oklo offers better long-term value and that X-Energy may be overvalued relative to its growth prospects. Better Nuclear Energy Stock to Buy After the Sell-Off: Oklo vs. X-Energy
Institutional Investors Weigh In On X-Energy
A number of institutional investors and hedge funds have recently modified their holdings of XE. Eastern Bank purchased a new stake in X-Energy during the third quarter worth $28,000. GK Wealth Management LLC acquired a new stake in X-Energy in the third quarter valued at $57,000. IFP Advisors Inc acquired a new stake in X-Energy in the second quarter valued at $95,000. Silicon Valley Capital Partners purchased a new position in shares of X-Energy in the second quarter valued at $103,000. Finally, Formula Growth Ltd. purchased a new position in shares of X-Energy in the second quarter valued at $174,000.
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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