X-Energy (NASDAQ:XE) Sets New 1-Year Low – What’s Next?

X-Energy, Inc. (NASDAQ:XE) reached a new 52-week low on Friday . The company traded as low as $21.35 and last traded at $21.40, with a volume of 2977925 shares. The stock had previously closed at $23.65.

Analyst Upgrades and Downgrades

Several brokerages have commented on XE. Zacks Research raised X-Energy to a “hold” rating in a report on Wednesday, May 20th. TD Cowen assumed coverage on X-Energy in a research note on Tuesday, May 19th. They set a “buy” rating and a $35.00 target price for the company. Morgan Stanley assumed coverage on shares of X-Energy in a research note on Tuesday, May 19th. They issued an “overweight” rating and a $41.00 price target on the stock. Cantor Fitzgerald assumed coverage on shares of X-Energy in a report on Wednesday, May 20th. They issued an “overweight” rating and a $38.00 price target for the company. Finally, Wall Street Zen upgraded shares of X-Energy to a “hold” rating in a research report on Saturday, May 2nd. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.57.

X-Energy Stock Down 9.4%

Insider Buying and Selling

In related news, CAO Laura Garcia purchased 1,200 shares of the company’s 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 $27,600.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kathleen W. Hyle purchased 10,000 shares of the company’s stock in a transaction dated Monday, April 27th. The stock was bought at an average price 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 of the company’s stock, valued at approximately $2,935,720. This represents a 8.50% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought 12,300 shares of company stock valued at $282,900 over the last 90 days.

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.