BlueCrest Capital Management Ltd Makes New Investment in X-Energy, Inc. $XE

BlueCrest Capital Management Ltd bought a new stake in X-Energy, Inc. (NASDAQ:XE) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 405,000 shares of the company’s stock, valued at approximately $7,436,000.

Other institutional investors have also modified their holdings of the company. Wellington Management Group LLP purchased a new stake in shares of X-Energy during the second quarter worth approximately $15,011,000. Squarepoint Ops LLC purchased a new position in X-Energy in the 2nd quarter valued at $5,967,000. Readystate Asset Management LP acquired a new position in X-Energy in the 2nd quarter valued at $2,943,000. WINTON GROUP Ltd acquired a new position in X-Energy in the 2nd quarter valued at $1,645,000. Finally, Bank of New York Mellon Corp purchased a new position in X-Energy during the 2nd quarter worth $1,251,000.

X-Energy Trading Down 9.9%

X-Energy stock opened at $17.26 on Thursday. The stock has a market cap of $7.01 billion and a PE ratio of -115.07. The stock’s 50-day moving average is $17.75. X-Energy, Inc. has a 52 week low of $13.29 and a 52 week high of $37.10.

X-Energy (NASDAQ:XE) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06). The firm had revenue of $54.60 million for the quarter. The company’s revenue was up 154.0% on a year-over-year basis. Equities research analysts predict that X-Energy, Inc. will post -0.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Weiss Ratings initiated coverage on shares of X-Energy in a research note on Monday, July 20th. They issued a “sell (d)” rating for the company. Wolfe Research began coverage on shares of X-Energy in a research note on Tuesday, May 19th. They set a “peer perform” rating on the stock. Cantor Fitzgerald reissued an “overweight” rating and set a $38.00 price target on shares of X-Energy in a report on Friday, August 14th. Piper Sandler initiated coverage on shares of X-Energy in a research report on Tuesday. They issued an “underweight” rating and a $9.00 price objective for the company. Finally, Morgan Stanley assumed coverage on X-Energy in a report on Tuesday, May 19th. They issued an “overweight” rating and a $41.00 price objective on the stock. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $34.25.

X-Energy 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.