X-Energy (NASDAQ:XE) Research Coverage Started at Wedbush

by · The Markets Daily

Wedbush assumed coverage on shares of X-Energy (NASDAQ:XE – Free Report) in a research note issued to investors on Tuesday morning, MarketBeat.com reports. The brokerage issued an outperform rating and a $17.00 target price on the stock.

Other equities analysts also recently issued research reports about the stock. UBS Group dropped their price objective on shares of X-Energy from $34.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, October 21st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $38.00 target price on shares of X-Energy in a research note on Friday, August 14th. Piper Sandler decreased their target price on shares of X-Energy from $9.00 to $8.00 and set an “underweight” rating on the stock in a research note on Monday, October 19th. Guggenheim reiterated a “buy” rating and set a $57.00 price target on shares of X-Energy in a report on Tuesday, September 8th. Finally, Needham & Company LLC initiated coverage on X-Energy in a research note on Monday, October 26th. They issued a “hold” rating for the company. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.67.

Get Our Latest Report on XE

X-Energy Price Performance

XE stock opened at $9.00 on Tuesday. The company has a market capitalization of $3.66 billion and a PE ratio of -60.00. X-Energy has a 12 month low of $8.68 and a 12 month high of $37.10. The business has a 50-day moving average of $14.06.

X-Energy (NASDAQ:XE – Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06). The firm had revenue of $54.60 million for the quarter. The firm’s revenue for the quarter was up 154.0% on a year-over-year basis. Sell-side analysts forecast that X-Energy will post -0.76 EPS for the current fiscal year.

Institutional Investors Weigh In On X-Energy

Several hedge funds have recently added to or reduced their stakes in XE. Eastern Bank acquired a new position in shares of X-Energy during the third quarter worth $28,000. GK Wealth Management LLC acquired a new stake in X-Energy in the third quarter valued at $57,000. IFP Advisors Inc acquired a new stake in X-Energy in the second quarter valued at $95,000. Silicon Valley Capital Partners acquired a new stake in X-Energy in the second quarter valued at $103,000. Finally, SBI Securities Co. Ltd. raised its position in X-Energy by 81.4% during the 3rd quarter. SBI Securities Co. Ltd. now owns 13,615 shares of the company’s stock worth $193,000 after purchasing an additional 6,109 shares during the last quarter.

X-Energy Company Profile

(Get Free Report)

X-energy is an advanced nuclear energy company that develops small modular reactors and nuclear fuel designed to provide reliable, carbon-free electricity and industrial heat. Its flagship Xe-100 reactor is a high-temperature gas-cooled reactor that uses helium as a coolant and is designed for modular deployment.

The company also develops TRISO-X fuel, a coated-particle fuel technology intended to withstand extreme temperatures and support the operation of advanced reactors. X-energy’s products are aimed at utilities, industrial customers, and other organizations seeking dependable power and process heat with lower carbon emissions.

Founded in 2009, X-energy is headquartered in Rockville, Maryland.

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