X-Energy, Inc. (NASDAQ:XE – Get Free Report) shares reached a new 52-week low during trading on Monday . The company traded as low as $26.86 and last traded at $26.90, with a volume of 374425 shares changing hands. The stock had previously closed at $27.30.
Analysts Set New Price Targets
A number of research firms recently commented on XE. TD Cowen began coverage on X-Energy in a research note on Tuesday. They set a “buy” rating and a $35.00 price objective on the stock. Wolfe Research began coverage on X-Energy in a research note on Tuesday. They set a “peer perform” rating on the stock. Cantor Fitzgerald began coverage on X-Energy in a research note on Tuesday. They set an “overweight” rating and a $38.00 price objective on the stock. UBS Group began coverage on X-Energy in a research note on Tuesday. They set a “buy” rating and a $40.00 price objective on the stock. Finally, Morgan Stanley assumed coverage on X-Energy in a research note on Tuesday. They set an “overweight” rating and a $41.00 price objective on the stock. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $39.57.
Check Out Our Latest Analysis on XE
X-Energy Price Performance
Insider Transactions at X-Energy
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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