X-Energy’s (XE) Buy Rating Reiterated at Guggenheim

Guggenheim restated their buy rating on shares of X-Energy (NASDAQ:XE) in a report published on Tuesday morning,Benzinga reports. Guggenheim currently has a $57.00 target price on the stock.

XE has been the topic of a number of other reports. Morgan Stanley initiated coverage on X-Energy in a research report on Tuesday, May 19th. They issued an “overweight” rating and a $41.00 price target on the stock. JPMorgan Chase & Co. initiated coverage on shares of X-Energy in a research note on Tuesday, May 19th. They issued an “overweight” rating and a $38.00 target price on the stock. Wolfe Research assumed coverage on shares of X-Energy in a report on Tuesday, May 19th. They issued a “peer perform” rating on the stock. TD Cowen reiterated a “buy” rating on shares of X-Energy in a research report on Tuesday, June 23rd. Finally, Jefferies Financial Group reissued a “hold” rating and set a $22.00 price target on shares of X-Energy in a report on Wednesday, June 24th. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $34.25.

X-Energy Stock Down 8.2%

NASDAQ XE opened at $15.84 on Tuesday. X-Energy has a 1-year low of $13.29 and a 1-year high of $37.10. The firm has a market capitalization of $6.44 billion and a P/E ratio of -105.60. The firm’s 50 day moving average is $17.72.

X-Energy (NASDAQ:XE) last issued its earnings results on Thursday, August 13th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06). The firm had revenue of $54.60 million during the quarter. The firm’s revenue for the quarter was up 154.0% compared to the same quarter last year. Equities analysts expect that X-Energy will post -0.76 EPS for the current year.

Hedge Funds Weigh In On X-Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP acquired a new stake in shares of X-Energy in the second quarter valued at $15,011,000. BlueCrest Capital Management Ltd bought a new position in shares of X-Energy in the second quarter valued at about $7,436,000. Readystate Asset Management LP acquired a new position in X-Energy during the 2nd quarter worth about $2,943,000. Bank of New York Mellon Corp bought a new stake in X-Energy during the 2nd quarter worth about $1,251,000. Finally, AXQ Capital LP bought a new stake in X-Energy during the 2nd quarter worth about $188,000.

X-Energy Company Profile

X-Energy, Inc (NASDAQ:XE) is an advanced nuclear energy company developing modular reactors and fuel systems designed to provide reliable, low-carbon electricity and industrial heat. Its primary technology is the Xe-100, a high-temperature gas-cooled small modular reactor intended for applications including grid power, industrial operations and data centers.

The company also develops and manufactures TRISO-X nuclear fuel, a coated particle fuel designed for use in high-temperature reactors.