X-Energy (NASDAQ:XE) Rating Increased to Hold at Zacks Research

X-Energy (NASDAQ:XE) was upgraded by equities researchers at Zacks Research to a “hold” rating in a report released on Wednesday,Zacks.com reports.

A number of other analysts have also recently commented on XE. Wall Street Zen raised X-Energy to a “hold” rating in a research report on Saturday, May 2nd. JPMorgan Chase & Co. initiated coverage on X-Energy in a report on Tuesday. They issued an “overweight” rating and a $38.00 price objective for the company. UBS Group began coverage on shares of X-Energy in a report on Tuesday. They set a “buy” rating and a $40.00 price target on the stock. TD Cowen initiated coverage on shares of X-Energy in a report on Tuesday. They set a “buy” rating and a $35.00 price objective for the company. Finally, Morgan Stanley began coverage on shares of X-Energy in a research report on Tuesday. They set an “overweight” rating and a $41.00 price objective on the stock. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $39.57.

X-Energy Stock Performance

Shares of NASDAQ XE opened at $29.00 on Wednesday. X-Energy has a 1 year low of $25.06 and a 1 year high of $37.10.

Insider Activity

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