UBS Group Upgrades X-Energy (NASDAQ:XE) to “Strong-Buy”

X-Energy (NASDAQ:XE) was upgraded by equities researchers at UBS Group to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Several other equities analysts have also issued reports on the stock. Wolfe Research initiated coverage on shares of X-Energy in a report on Tuesday. They issued a “peer perform” rating on the stock. Cantor Fitzgerald upgraded shares of X-Energy to a “strong-buy” rating in a report on Wednesday. TD Cowen initiated coverage on shares of X-Energy in a report on Tuesday. They issued a “buy” rating and a $35.00 target price on the stock. Jefferies Financial Group initiated coverage on shares of X-Energy in a report on Tuesday. They issued a “hold” rating and a $28.00 target price on the stock. Finally, Morgan Stanley initiated coverage on shares of X-Energy in a report on Tuesday. They issued an “overweight” rating and a $41.00 target price on the stock. Four research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $39.57.

X-Energy Price Performance

Shares of NASDAQ:XE opened at $28.67 on Tuesday. X-Energy has a 52 week low of $25.06 and a 52 week high of $37.10.

Insider Activity

In other X-Energy news, Director Kathleen W. Hyle bought 10,000 shares of the firm’s stock in a transaction dated Monday, April 27th. The stock was bought at an average cost of $23.00 per share, with a total value of $230,000.00. Following the completion of the transaction, the director directly owned 127,640 shares in the company, valued at approximately $2,935,720. The trade was a 8.50% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Laura Garcia bought 1,200 shares of the firm’s stock in a transaction dated Monday, April 27th. The shares were acquired at an average cost of $23.00 per share, with a total value of $27,600.00. Following the completion of the transaction, the chief accounting officer owned 196,822 shares of the company’s stock, valued at $4,526,906. This represents a 0.61% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have bought 12,300 shares of company stock valued at $282,900.

X-Energy News Summary

Here are the key news stories impacting X-Energy this week:

• Positive Sentiment: Guggenheim upgraded X-Energy to Strong Buy and set a $57 price target, implying substantial upside and reinforcing the bullish Wall Street view. Guggenheim upgrade article
• Positive Sentiment: JPMorgan initiated coverage with an Overweight rating and a $38 price target, adding to the list of major firms turning constructive on the stock. JPMorgan coverage article
• Positive Sentiment: X-Energy has drawn multiple bullish ratings following its IPO, with reports highlighting five buy ratings from six Wall Street firms and broad optimism around its advanced nuclear technology. Wall Street ratings article
• Positive Sentiment: The NRC completed its environmental review for the Dow/X-Energy Texas nuclear project, a regulatory step that can improve confidence in the company’s commercialization path. NRC environmental approval article
• Positive Sentiment: Additional coverage from Barron’s and Yahoo Finance emphasized that analysts see room for X-Energy to rebound despite its recent post-IPO slump, which may help support sentiment. Barron’s coverage article
• Neutral Sentiment: Some headlines noted that X-Energy has been down since its IPO, but these stories framed the weakness as a potential buying opportunity rather than a change in fundamentals. Post-IPO slump article

X-Energy Company Profile

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.