UBS Group Upgrades X-Energy (NASDAQ:XE) to “Strong-Buy”

X-Energy (NASDAQ:XE) was upgraded by research analysts at UBS Group to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Several other research analysts also recently commented on XE. JPMorgan Chase & Co. assumed coverage on X-Energy in a research note on Tuesday. They issued an “overweight” rating and a $38.00 target price for the company. Wolfe Research assumed coverage on X-Energy in a report on Tuesday. They issued a “peer perform” rating on the stock. Jefferies Financial Group assumed coverage on X-Energy in a report on Tuesday. They issued a “hold” rating and a $28.00 price target on the stock. Guggenheim assumed coverage on X-Energy in a report on Tuesday. They issued a “buy” rating and a $57.00 price target on the stock. Finally, Morgan Stanley assumed coverage on X-Energy in a report on Tuesday. They issued an “overweight” rating and a $41.00 price target on the stock. Four equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $39.57.

X-Energy Stock Performance

Shares of NASDAQ XE opened at $28.67 on Tuesday. X-Energy has a 52 week low of $25.06 and a 52 week high of $37.10.

Insider Transactions at X-Energy

In other news, CAO Laura Garcia acquired 1,200 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The shares were bought at an average cost of $23.00 per share, with a total value of $27,600.00. Following the acquisition, the chief accounting officer owned 196,822 shares in the company, valued at approximately $4,526,906. This represents a 0.61% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kathleen W. Hyle acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The shares were purchased at an average cost of $23.00 per share, for a total transaction of $230,000.00. Following the completion of the acquisition, the director owned 127,640 shares in the company, valued at $2,935,720. This represents a 8.50% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have purchased 12,300 shares of company stock worth $282,900.

X-Energy News Roundup

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

• Positive Sentiment: Guggenheim upgraded X-Energy to Strong Buy and set a $57 price target, implying substantial upside and reinforcing the bullish Wall Street view. Guggenheim upgrade article
• Positive Sentiment: JPMorgan initiated coverage with an Overweight rating and a $38 price target, adding to the list of major firms turning constructive on the stock. JPMorgan coverage article
• Positive Sentiment: X-Energy has drawn multiple bullish ratings following its IPO, with reports highlighting five buy ratings from six Wall Street firms and broad optimism around its advanced nuclear technology. Wall Street ratings article
• Positive Sentiment: The NRC completed its environmental review for the Dow/X-Energy Texas nuclear project, a regulatory step that can improve confidence in the company’s commercialization path. NRC environmental approval article
• Positive Sentiment: Additional coverage from Barron’s and Yahoo Finance emphasized that analysts see room for X-Energy to rebound despite its recent post-IPO slump, which may help support sentiment. Barron’s coverage article
• Neutral Sentiment: Some headlines noted that X-Energy has been down since its IPO, but these stories framed the weakness as a potential buying opportunity rather than a change in fundamentals. Post-IPO slump article

About X-Energy

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.