X-Energy (NASDAQ:XE) Stock Price Up 6.6% – Here’s What Happened

X-Energy, Inc. (NASDAQ:XEGet Free Report) shares shot up 6.6% during mid-day trading on Monday . The company traded as high as $16.39 and last traded at $15.92. 2,272,515 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 5,771,978 shares. The stock had previously closed at $14.93.

Analyst Upgrades and Downgrades

XE has been the topic of a number of recent analyst reports. Cantor Fitzgerald restated an “overweight” rating and set a $38.00 price target on shares of X-Energy in a research report on Friday, August 14th. Guggenheim reiterated a “buy” rating and issued a $57.00 price objective on shares of X-Energy in a report on Tuesday, September 8th. Morgan Stanley began coverage on shares of X-Energy in a research note on Tuesday, May 19th. They set an “overweight” rating and a $41.00 price objective on the stock. Wolfe Research began coverage on X-Energy in a research report on Tuesday, May 19th. They issued a “peer perform” rating for the company. Finally, Piper Sandler initiated coverage on X-Energy in a research note on Tuesday, September 8th. They set an “underweight” rating and a $9.00 price target for the company. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $34.25.

View Our Latest Analysis on XE

X-Energy Price Performance

The firm has a fifty day simple moving average of $17.67. The company has a market cap of $6.45 billion and a price-to-earnings ratio of -105.80.

X-Energy (NASDAQ:XEGet Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.15) earnings per share (EPS) 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 business’s revenue for the quarter was up 154.0% on a year-over-year basis. As a group, sell-side analysts predict that X-Energy, Inc. will post -0.67 earnings per share for the current year.

Hedge Funds Weigh In On X-Energy

A number of large investors have recently made changes to their positions in the business. IFP Advisors Inc acquired a new position in X-Energy in the 2nd quarter valued at approximately $95,000. Formula Growth Ltd. acquired a new stake in shares of X-Energy during the 2nd quarter valued at $174,000. AXQ Capital LP acquired a new stake in shares of X-Energy during the 2nd quarter valued at $188,000. California State Teachers Retirement System purchased a new position in shares of X-Energy during the 2nd quarter valued at $201,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of X-Energy during the 2nd quarter valued at $221,000.

About X-Energy

(Get 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

Receive News & Ratings for X-Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for X-Energy and related companies with MarketBeat.com's FREE daily email newsletter.