Zacks Research upgraded shares of X-Energy (NASDAQ:XE – Free Report) to a hold rating in a research note published on Wednesday,Zacks.com reports.
A number of other equities analysts have also recently commented on XE. Guggenheim assumed coverage on X-Energy in a report on Tuesday. They set a “buy” rating and a $57.00 price target for the company. Morgan Stanley assumed coverage on X-Energy in a report on Tuesday. They set an “overweight” rating and a $41.00 price target for the company. Jefferies Financial Group assumed coverage on X-Energy in a report on Tuesday. They set a “hold” rating and a $28.00 price target for the company. Cantor Fitzgerald assumed coverage on X-Energy in a report on Wednesday. They set an “overweight” rating and a $38.00 price target for the company. Finally, TD Cowen assumed coverage on X-Energy in a report on Tuesday. They set a “buy” rating and a $35.00 price target for the company. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, X-Energy currently has a consensus rating of “Moderate Buy” and an average target price of $39.57.
View Our Latest Stock Report on XE
X-Energy Trading Up 1.2%
Insider Activity at X-Energy
In other news, CAO Laura Garcia acquired 1,200 shares of the stock in a transaction on Monday, April 27th. The stock was acquired at an average cost of $23.00 per share, for a total transaction of $27,600.00. Following the completion of the transaction, the chief accounting officer directly owned 196,822 shares in the company, valued at approximately $4,526,906. This trade represents a 0.61% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kathleen W. Hyle purchased 10,000 shares of the stock in a transaction dated Monday, April 27th. The shares were bought at an average price of $23.00 per share, with a total value of $230,000.00. Following the completion of the acquisition, the director directly owned 127,640 shares of the company’s stock, valued at approximately $2,935,720. This represents a 8.50% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have acquired 12,300 shares of company stock valued at $282,900.
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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