X-Energy, Inc. (NASDAQ:XE) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of X-Energy, Inc. (NASDAQ:XE) have received an average recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $41.50.

Several equities analysts have issued reports on the stock. UBS Group assumed coverage on shares of X-Energy in a report on Tuesday. They issued a “buy” rating and a $40.00 price target on the stock. TD Cowen assumed coverage on shares of X-Energy in a report on Tuesday. They issued a “buy” rating on the stock. Jefferies Financial Group began coverage on shares of X-Energy in a report on Tuesday. They issued a “hold” rating and a $28.00 price target on the stock. Wall Street Zen upgraded shares of X-Energy to a “hold” rating in a research note on Saturday, May 2nd. Finally, Guggenheim began coverage on shares of X-Energy in a research note on Tuesday. They set a “buy” rating and a $57.00 price objective for the company.

Insider Buying and Selling at X-Energy

In related news, Director Kathleen W. Hyle acquired 10,000 shares of the stock in a transaction dated Monday, April 27th. The stock was acquired at an average cost of $23.00 per share, for a total transaction of $230,000.00. Following the completion of the purchase, the director 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Laura Garcia acquired 1,200 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 $27,600.00. Following the completion of the purchase, the chief accounting officer directly owned 196,822 shares of the company’s stock, valued at approximately $4,526,906. This trade represents a 0.61% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought 12,300 shares of company stock valued at $282,900 over the last quarter.

X-Energy Trading Down 6.2%

NASDAQ XE opened at $25.60 on Tuesday. X-Energy has a 12-month low of $25.06 and a 12-month high of $37.10.

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.