X-Energy (NASDAQ:XE) Shares Gap Up – Still a Buy?

X-Energy, Inc. (NASDAQ:XE) shares gapped up before the market opened on Thursday . The stock had previously closed at $20.35, but opened at $23.10. X-Energy shares last traded at $22.62, with a volume of 1,470,354 shares changing hands.

Trending Headlines about X-Energy

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

• Positive Sentiment: Cantor Fitzgerald reaffirmed its “overweight” rating and set a $38 price target, implying substantial potential upside from recent levels. Benzinga rating report
• Positive Sentiment: X-Energy’s second-quarter revenue and grant income rose 154% year over year to $54.6 million, reflecting progress in reactor development and related programs. X-energy Reports Second Quarter 2026 Results
• Positive Sentiment: The company expects to receive up to $1 billion in additional U.S. government funding for its Texas advanced nuclear project, strengthening the project’s financing outlook, although the funding remains subject to applicable conditions. X-Energy Texas nuclear project funding
• Positive Sentiment: Operational progress included new HALEU enrichment agreements, expanded nuclear-grade graphite manufacturing plans, an $11 million Tennessee grant, and approval extending the DOE reactor demonstration budget period through March 2027. X-energy quarterly operational highlights
• Neutral Sentiment: X-Energy extended its advanced nuclear fuel research partnership with Oak Ridge National Laboratory and joined an artificial-intelligence deployment initiative with Idaho National Laboratory, NVIDIA, AWS and other partners. TRISO-X and Oak Ridge research partnership
• Negative Sentiment: Second-quarter adjusted EPS was a $0.15 loss, worse than the consensus estimate of a $0.09 loss. The earnings miss may be offsetting the revenue growth and government-funding catalysts. X-Energy earnings report

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on XE. Zacks Research upgraded shares of X-Energy to a “hold” rating in a report on Wednesday, May 20th. TD Cowen reaffirmed a “buy” rating on shares of X-Energy in a research report on Tuesday, June 23rd. Morgan Stanley began coverage on X-Energy in a report on Tuesday, May 19th. They issued an “overweight” rating and a $41.00 price objective for the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $38.00 price objective on shares of X-Energy in a research report on Friday. Finally, UBS Group cut their price objective on X-Energy from $40.00 to $34.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $37.86.

X-Energy Trading Down 7.7%

The firm’s fifty day simple moving average is $18.31.

X-Energy (NASDAQ:XE) last issued its quarterly earnings results 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 company had revenue of $54.60 million for the quarter. X-Energy’s quarterly revenue was up 154.0% on a year-over-year basis. As a group, equities analysts forecast that X-Energy, Inc. will post -0.58 earnings per share for the current year.

Hedge Funds Weigh In On X-Energy

A hedge fund recently bought a new stake in X-Energy stock. Bank of New York Mellon Corp purchased a new position in X-Energy, Inc. (NASDAQ:XE) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 68,126 shares of the company’s stock, valued at approximately $1,251,000.

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.